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Penske Automotive Group (NYSE: PAG) operates one of the world's premier transportation service networks, spanning automotive retail and commercial truck dealerships across three continents. This news hub provides investors and industry professionals with essential updates on corporate developments, financial performance, and strategic initiatives.
Access real-time updates on earnings announcements, dealership acquisitions, and operational milestones. Our curated collection features press releases about PAG's luxury vehicle sales growth, commercial truck service expansions, and international partnership developments. Users will find analysis of quarterly results alongside coverage of leadership changes and industry recognition.
Key content includes updates on PAG's North American retail operations, European commercial vehicle expansions, and Asia-Pacific market strategies. Track developments in critical areas including electric vehicle infrastructure investments, premium brand partnerships, and digital retail innovations. All content is verified through primary sources to ensure regulatory compliance and factual accuracy.
Bookmark this page for streamlined access to Penske Automotive Group's latest business developments. Combine our news feed with SEC filings and earnings call transcripts for comprehensive investment research. Check back regularly for updates from this global leader in transportation services.
Penske Automotive Group (NYSE:PAG) reported strong Q2 2025 results with record gross profit of $1.3 billion, up 3% year-over-year. The company maintained flat revenue at $7.7 billion while net income increased 4% to $250.0 million, with earnings per share rising 5% to $3.78.
Key highlights include an 8% increase in retail automotive service and parts revenue, a 50-basis point improvement in overall gross margin to 16.9%, and a 30-basis point improvement in SG&A as a percentage of gross profit. The company repurchased 630,000 shares during Q2 and announced a 4.8% dividend increase to $1.32 per share.
The company completed the acquisition of a Ferrari dealership in Italy in July 2025, with expected annualized revenue of $40 million. PAG maintains strong liquidity of $2.3 billion with a leverage ratio of 1.2x.
Penske Automotive Group (NYSE:PAG) has announced a 4.8% increase in its quarterly dividend to $1.32 per share, marking its 19th consecutive quarterly increase. The dividend will be payable on September 3, 2025, to shareholders of record as of August 15, 2025.
PAG operates as a diversified international transportation services company with dealerships across seven countries and employs over 28,700 people worldwide. The company owns a 28.9% stake in Penske Transportation Solutions, which manages a fleet of over 414,000 trucks, tractors, and trailers and employs more than 44,500 people.
Penske Automotive Group (NYSE:PAG), a leading international transportation services company, has scheduled its Q2 and H1 2025 financial results conference call for Wednesday, July 30, 2025, at 2:00 PM EDT.
The company will release its earnings and investor presentation on the morning of July 30 through its website. The conference call will be accessible via phone (US: 800-715-9871, International: 646-307-1963) and webcast, with a replay available for 7 days.
PAG operates automotive and commercial truck dealerships across seven countries, employs over 28,700 people worldwide, and owns 28.9% of Penske Transportation Solutions, which manages a fleet of over 428,000 vehicles.
[]Penske Automotive Group (NYSE:PAG) has completed the acquisition of a Ferrari dealership in Modena, Italy, located in the Emilia Romagna region. The new location is expected to generate an estimated $40 million in annualized revenue. This strategic acquisition expands PAG's luxury presence in Italy to 29 automotive retail locations and increases its global Ferrari representation to nine locations worldwide, including Maranello Classic Parts, the exclusive official Ferrari classic parts distributor globally.
The acquisition strengthens PAG's international presence as a diversified transportation services company operating across four continents and eight countries. The company employs over 28,700 people worldwide and owns a 28.9% stake in Penske Transportation Solutions, which manages a fleet of over 428,000 vehicles.
Penske Automotive Group (NYSE: PAG) has announced two significant shareholder-friendly moves. The company increased its quarterly dividend by 3.3% to $1.26 per share, marking its 18th consecutive quarterly increase. The dividend will be payable on June 3, 2025, to shareholders of record as of May 27, 2025.
Additionally, PAG's Board of Directors approved an additional $250 million in securities repurchase authorization, bringing the total current authorization to $295.8 million. The company can execute these repurchases through various means, including open market transactions, privately negotiated deals, tender offers, or accelerated share repurchase programs.
Penske Automotive Group reported strong Q1 2025 results with record revenue of $7.6 billion, up 2% year-over-year. Net income rose 14% to $244.3 million, with earnings per share increasing to $3.66.
Key highlights include:
- Same-store retail automotive revenue up 2%
- Service and parts revenue increased 4%
- New vehicle sales up 7%, while used vehicle sales declined 3%
- Commercial truck unit sales grew 4%
The company maintained strong financial health with $2.1 billion in liquidity and a leverage ratio of 1.2x. Share repurchases totaled 254,406 shares for $39.9 million during Q1. Despite challenges in the freight market affecting truck rental revenue, Penske Transportation Solutions saw earnings increase to $33.2 million from $32.5 million year-over-year.
Penske Automotive Group (NYSE: PAG) has announced it will release its financial results for Q1 2025 (ended March 31) on Wednesday, April 30, 2025. The company will host a conference call and audio webcast at 2:00 PM EDT on the same day.
PAG, headquartered in Bloomfield Hills, Michigan, is a diversified international transportation services company operating dealerships across seven countries. The company employs over 28,900 people worldwide and owns 28.9% of Penske Transportation Solutions, which manages a fleet of over 435,000 vehicles and employs 44,500 people.
Investors can access the earnings release and presentation materials through the company's website, with a conference call replay available for 7 days following the announcement.
Penske Automotive Group (PAG) has donated $1.13 million to Paralyzed Veterans of America (PVA), pushing their total contributions beyond $10 million since their partnership began in 2015. The donation, part of PAG's Service Matters campaign, includes contributions from customers, partners, and employees, along with company matching funds.
The funds will support PVA's mission to assist veterans with spinal cord injuries and diseases like MS and ALS, providing access to specialized healthcare, career opportunities, and earned benefits. Robert Thomas, PVA National President, expressed gratitude for PAG's continued support, while PAG President Robert H. Kurnick, Jr. reaffirmed the company's commitment to making a meaningful difference in veterans' lives.
Penske Automotive Group (NYSE: PAG) reported strong Q4 2024 results with record quarterly revenue of $7.7 billion, up 6% year-over-year. Q4 earnings per share increased 25% to $3.54, while net income rose to $236.4 million. The company saw a 3% increase in new and used retail automotive units delivered, with same-store service and parts revenue up 7% and related gross profit up 9%.
Key operational highlights include a 30 basis points increase in retail automotive service and parts gross margin and improved cost control with SG&A expenses as a percentage of gross profit decreasing 70 basis points to 70.3%. For full-year 2024, revenue increased 3% to $30.5 billion, though net income decreased to $918.9 million from $1.05 billion in 2023.
The Board of Directors declared the 17th consecutive quarterly dividend increase to $1.22 per share. The company completed acquisitions representing approximately $2.1 billion in estimated annualized revenue during 2024 and maintained strong liquidity of $1.9 billion with a leverage ratio of 1.2x.
Penske Automotive Group (NYSE: PAG) has announced it will release its financial results for Q4 and full-year 2024 on Thursday, February 13, 2025. The company will host a conference call and audio webcast at 2:00 PM Eastern on the same day.
PAG operates as a diversified international transportation services company, managing dealerships across multiple countries including the US, UK, Canada, Germany, Italy, Japan, and Australia. The company employs over 28,900 people worldwide and owns 28.9% of Penske Transportation Solutions, which manages a fleet of over 435,000 vehicles. PAG is notably positioned as a member of the S&P Mid Cap 400, Fortune 500, Russell 1000, and Russell 3000 indexes.
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