📈 Price History

Ratio Health

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📊 Sector Averages

About

Penske Automotive Group, Inc., a diversified transportation services company, operates automotive and commercial truck dealerships in the United States, the United Kingdom, Germany, Italy, Japan, Canada, Australia, New Zealand, and internationally. It operates through four segments: Retail Automotive, Retail Commercial Truck, Other, and Non-Automotive Investments. The company operates franchise dealerships under franchise agreements with various automotive manufacturers and distributors. It is also involved in the sale of new and used vehicles, maintenance and repair services, sale and placement of third-party finance and insurance products, third-party extended service and maintenance contracts, replacement and aftermarket automotive products, collision repair services, and wholesale of parts. In addition, the company operates a heavy and medium duty truck dealership, which offers Freightliner and Western Star branded trucks, as well as offers a range of used trucks. Further, it imports and distributes Western Star heavy-duty trucks, MAN heavy and medium duty trucks and buses, and Dennis Eagle refuse collection vehicles with associated parts, as well as distributes diesel and gas engines, and power systems. Penske Automotive Group, Inc. was incorporated in 1990 and is headquartered in Bloomfield Hills, Michigan. Penske Automotive Group, Inc. operates as a subsidiary of Penske Corporation, Inc.

Key Ratios Snapshot

📈 Growth Pattern

⚡ Latest Quarter —

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⭐ Superinvestors Holding PAG

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Manager	Shares	Value	% of Fund	Period
Jim Simons Renaissance Technologies LLC	81.5K	$12.2M	0.02%	Mar 2026

SEC Form 13F data. 45-day lag from quarter end.

🔍 Concall Decoded

🎙 Management Tone Tracker Confident Specific ~ Volatile 4 quarters analysed

Q2 2025

Confident Specific

Management repeatedly used positive language such as 'pleased with performance', 'third consecutive quarter of Year-over-Year earnings growth', and quantified key metrics like 'EBT increased 4%', 'net income increased 4%', and 'earnings per share increased 5%'. Specific figures for gross margin, same-store service profit, and fixed cost absorption were provided, indicating a detailed, data-driven confidence.

Q3 2025

Cautious

Management opened with 'pleased with the performance' but immediately quantified $23 million in EBITDA headwinds from specific events (JLR cyber, UK social programs, PTG freight, bad debt). Repeatedly used 'challenging', 'impacted', and 'prolonged recessionary freight environment', emphasizing downside while noting mitigating actions like headcount reduction.

Q4 2025

Confident Specific

Management opens with 'another year of strong profitability' and 'I'm even more optimistic about PAG' while detailing specific headwinds (tariff pull-forward, UK macro, cyber incident) and quantifying impacts ($29M on Q4 EBT). They provide granular data on acquisitions ($2B annualized revenue) and service growth (mid-single digit). The Q&A tone remains direct and detailed, with no evasions.

Q1 2026 latest

Confident Specific

Management led with 'solid and productive first quarter' and provided specific numbers (EPS $3.05 adjusted, $7.9B revenue), but acknowledged 'difficult comparison' and 'challenging market conditions' while expressing optimism about truck recovery and diversification.

Guidance Reliability Pending · <3Q data

Investor Lens

The investment thesis remains largely unchanged but with encouraging signs. Record service/parts revenue and gross profit reinforce the importance of after-sales diversification. The commercial truck recovery, evidenced by a 91% surge in Class 8 orders, supports second-half upside. However, tariff uncertainty, BEV headwinds (sales down 61%), and portfolio pruning costs create near-term noise. Management's disciplined capital allocation (dividend, buybacks, selective acquisitions) and low leverage (1.8x) provide downside protection. Watch next quarter for tangible order-to-delivery conversion in trucks, service growth trajectory ex-weather, and any further tariff impacts on luxury supply.

AI-generated concall tone analysis · Updated 2026-06-08 · Not investment advice

🎙 Management Tone Confident Specific ~ Volatile 4 quarters Full tone analysis in Intelligence →

📊 MIXED PAG Q1: $7.9B revenue, $3.56 EPS, record service revenue, expands Lexus footprint

Revenue & Profitability

Q1 2026 revenue was $7.9 billion. GAAP net income was $235 million ($3.56 EPS), including a $60 million gain on a dealership sale and $13 million in disposals. Adjusted net income was $201 million ($3.05 EPS). EBITDA was $397 million. Same-store new auto units declined 5%, used units grew 1%. Service and parts same-store revenue grew 4.6% and gross profit grew 5.7%. Premium Truck Group generated $695 million revenue and $128 million gross profit.

Outlook

Management remains optimistic about the commercial truck market, citing a 91% increase in Class 8 orders and a growing backlog (175,000 units). They expect higher new truck deliveries in the second half of 2026. The U.K. automotive market remains challenging due to inflation, higher taxes, and EV mandates, while Australian off-highway demand is strong. In the U.S., BEV sales declined 61% year-over-year after the tax credit elimination, and premium luxury sales are pressured by supply constraints.

Growth Drivers

Key growth levers include the service and parts business (record Q1 revenue, up 4.6% same-store), recovering commercial truck demand (new truck orders up 91%, expected to benefit H2 2026), and expansion in strategic markets (e.g., Lexus dealerships in Orlando). Internationally, the Australian energy solutions business targets AUD 1 billion in revenue by 2030, and the company is cautiously adding Chinese brand dealerships in the U.K. and Germany using existing facilities.

Balance Sheet & CapEx

Q1 capital expenditures were $63 million, down from $85 million in Q1 2025. Management expects to reduce overall CapEx by approximately $100 million this year due to portfolio pruning. Investments are focused on expanding service capacity, including adding 100 bays at Longo Toyota (California), a 100-bay dealership in Hutto, Texas, and 30 additional bays in Central Florida.

Margins

SG&A as a percentage of gross profit was 74.3% (adjusted 73.3%). Service and parts gross margin improved 60 basis points year-over-year. Gross profit per new auto unit was $4,783 (up $94 sequentially) and per used unit was $2,076 (up $306 sequentially). In commercial trucks, new unit gross profit improved $111 sequentially and used unit gross profit improved $4,624. Service and parts gross profit represented 73% of Premier Truck Group's segment gross profit.

Key Risks

Risks highlighted include adverse weather events (estimated $6 million earnings impact in Q1), tariffs and trade policy uncertainty (caused pull-forward sales in March 2025 and disrupted truck orders), elimination of the BEV tax credit (BEV sales down 61%), a recessionary freight environment, and the potential for Chinese OEMs to over-dealer markets. U.K. operations face inflation, higher taxes, and consumer affordability pressures.

Generated by AI · Q1 2026 results · Not investment advice

✓ 📞 Earnings Call Transcripts (5 quarters) submit a missing quarter

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📞 Earnings Call Transcripts (5)

Q2 2026 Q2 2026 2026-07-29

Second quarter revenue grew 6% to $8.5 billion, with strong gains in commercial truck orders and used vehicle gross profit. Cash flow enabled debt reduction and a higher dividend, while acquisitions and share repurchases continued. A $210/share buyout proposal is under review.

Q1 2026 Q1 2026 2026-04-29

Q1 2026 saw $7.9B in revenue, $235M net income, and strong service/parts growth despite challenging market conditions and weather impacts. Portfolio optimization, disciplined capital allocation, and measured expansion in premium and international markets continue, with robust liquidity and a 3.4% dividend yield.

Q4 2025 Q4 2025 2026-02-11

2025 saw strong profitability despite macro headwinds, with $31B revenue and $935M net income. Strategic acquisitions and divestitures reshaped the portfolio, while service, parts, and international segments showed resilience. Dividend and share repurchases continued.

Q3 2025 Q3 2025 2025-10-29

Q3 revenue grew 1% to $7.7B with strong U.S. retail performance, but international and truck segments faced headwinds from a JLR cyber incident, UK costs, and weak freight markets. Cash flow and capital returns remained robust, and new growth initiatives include Chinese brands and Ferrari expansion.

Q2 2025 Q2 2025 2025-07-30

Q2 2025 saw stable revenue at $7.7B, 4% net income growth, and strong gross margins, driven by record service and parts performance and cost control. Strategic divestitures, tariff impacts, and BEV tax credit changes shaped results, while robust cash flow supported increased dividends and buybacks.

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