Penske Automotive Group reported results for the current quarter of 2026 with revenue of $8.51B, modestly higher than $8.03B a year ago, while diluted EPS was $3.96 versus $4.03 in the prior-year quarter and net income totaled $260.4M.
Financial Highlights
| MetricCurrent quarterPrior year quarterYoY change | Revenue¹$8.51B$8.03B6% | Net income²$260.4M$266.6M(2.3%) | Diluted EPS³$3.96$4.03(1.7%) |
¹ Reported as “Total revenues”. ² Reported as “Net income attributable to Penske Automotive Group common stockholders”. ³ Reported as “Diluted earnings per share attributable to Penske Automotive Group common stockholders”.
Business Highlights
- Total revenue for the first six months was $16.4B, with retail automotive representing roughly 87% of revenues and commercial truck & distribution showing modest growth.
- The agency model expanded, adding about 24,000 agency units year-to-date and shifting revenue recognition toward manufacturer fees.
- Premium brands drove 71% of franchised revenue; the U.K. premium market and EV demand supported growth despite a slowdown in U.S. EV sales.
- Service and parts revenue rose about 3% for the six-month period, supported by higher customer-pay volumes and improved margins.
- Operational activity included increased PTG backlog and PTS orders, along with acquisitions, dispositions, and impacts from PMG integration on comparatives.
Original SEC Filing:
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