Penske Automotive Group reports news on its automotive retail, commercial truck dealership, service and parts, and finance and insurance operations. The company is a diversified international transportation services business with franchised automotive dealerships, commercial truck dealerships, used-vehicle stores, commercial vehicle distribution and power systems operations, and joint venture interests tied to Penske Transportation Solutions.
Recurring updates for PAG cover quarterly operating results, same-store vehicle sales, gross profit per unit, service and parts revenue, truck-market conditions, dealership acquisitions, credit-agreement funding, dividends, share repurchases, and balance-sheet and capital-allocation activity. Company announcements also include completed dealership additions in markets such as California, Texas, and Florida, including Toyota and Lexus franchises.
Penske Automotive Group (NYSE: PAG) agreed to be taken private by a Penske Corporation–Mitsui buyer for $212.00 per share in cash. The payment applies to holders other than Penske, Mitsui and other investor-group members. The agreement with Motown Acquisition values PAG at an enterprise value of approximately $16.3 billion.
The price represents an 8.84% premium to the October 14, 2026 closing price. PAG expects closing in the first quarter of 2027, subject to regulatory approvals and shareholder votes, including approval by a majority of votes cast by unaffiliated stockholders. There is no financing condition. The board approved the deal following its independent special committee's unanimous recommendation. After closing, Penske would own approximately 64% and Mitsui 36%, and PAG shares would no longer trade on the New York Stock Exchange.
Penske Automotive Group (PAG) declared a quarterly cash dividend of $1.46 per share, increasing its payout to shareholders.
The dividend rises by $0.02 per share, or 1.4%, bringing the annualized dividend to $5.84 per share. Payment is scheduled for December 1, 2026, to shareholders of record on November 13, 2026.
Penske Automotive Group (NYSE: PAG) announced that a Special Committee of independent, disinterested directors has retained Moelis & Company LLC as independent financial advisor and Paul, Weiss, Rifkind, Wharton & Garrison LLP as independent legal counsel. The Special Committee is reviewing an unsolicited, preliminary, non-binding proposal received on July 22, 2026 from Penske Corporation and Mitsui & Co., Ltd. to acquire all PAG common shares not already owned by them and their affiliates for $210 in cash per share. According to the company, there is no assurance any agreement will be reached or that a transaction will occur, and shareholders are not required to take any action at this time.
Penske Automotive Group (NYSE: PAG) reported second-quarter 2026 revenue up 6% year over year to $8.5 billion, with more than 125,000 new and used automotive units delivered. Net income attributable to common stockholders was $260.4 million versus $266.6 million a year ago, and EPS was $3.96 versus $4.03.
Adjusted income before taxes was $323.3 million, adjusted net income $237.7 million, and adjusted EPS $3.62. Retail automotive revenue rose 6% (same-store also 6%), while service and parts gross margin improved 80 bps to 59.5%. PTS equity earnings increased 7% in the quarter to $57.4 million.
The company completed two Lexus acquisitions in Orlando expected to add $450 million in annualized revenue, contributing to approximately $2 billion in estimated annualized revenue from six Toyota/Lexus acquisitions over nine months. Penske repurchased $42.5 million of stock, ended the quarter with $1.4 billion in liquidity, a 1.7x leverage ratio, and increased its quarterly dividend 1.4% to $1.44 per share, marking the 23rd consecutive quarterly increase.
Penske Automotive Group (NYSE: PAG) announced that its Board of Directors approved a quarterly cash dividend of $1.44 per share, up $0.02 or 1.4%, marking the company's 23rd consecutive quarterly dividend increase. The new rate equates to an annualized dividend of $5.76 per share.
The dividend is payable on September 1, 2026, to shareholders of record as of August 14, 2026. According to Penske Automotive Group, the decision aligns with its strategy of returning capital through dividends, share repurchases, and strategic acquisitions.
Penske Automotive Group (NYSE: PAG) reported that its Board has received an unsolicited, preliminary and non-binding proposal from Penske Corporation and Mitsui & Co. to acquire all PAG common shares they and their affiliates do not already own for $210 in cash per share. Penske Corporation, Mitsui and their affiliates currently beneficially own 72.6% of PAG’s outstanding common stock, and a copy of the proposal will be filed as an exhibit to a Form 8-K.
The Board has formed a special committee of disinterested and independent directors to review and consider the proposal, with authority to retain independent legal and financial advisors. The company cautioned there is no assurance any transaction will be agreed or completed and stated that shareholders do not need to take any action at this time.
Penske Automotive Group (NYSE: PAG) will release financial results for the three and six months ended June 30, 2026 on the morning of Wednesday, July 29, 2026. An investor presentation and earnings press release will be available in the Investors section of the company’s website.
A conference call and live audio webcast to discuss these results is scheduled for 2:00 PM Eastern Time/b) on July 29, 2026. Investors can access the webcast via a dedicated Q4 link or join by phone using U.S. and international dial-in numbers with conference ID 895612473. A webcast replay will be available for 7 days beginning at approximately 5:00 PM on the day of the call.
Penske Automotive Group (NYSE:PAG) announced its Board approved a quarterly dividend of $1.42 per share, up $0.02, or about 1.4%. This marks the 22nd consecutive quarterly dividend increase. The dividend is payable June 3, 2026 to shareholders of record on May 26, 2026.
Penske Automotive Group (NYSE: PAG) reported Q1 2026 revenue of $7.86 billion, GAAP net income attributable to common stockholders of $234.5 million and EPS of $3.56. Adjusted net income fell 16% to $200.6 million and adjusted EPS fell 15% to $3.05. The company completed acquisitions expected to add $450 million in estimated annualized revenue, repurchased 170,393 shares for about $26.4 million, and noted a 24% increase in PTS earnings to $41.1 million.
Paralyzed Veterans of America announced a $1.08 million donation from Penske Automotive Group on April 20, 2026, through the company's Service Matters campaign. The gift brings Penske's partnership total to more than $12 million since 2015 and supports PVA's 80th anniversary mission.
The funds combine customer and employee contributions with company matching to support veterans with spinal cord injuries and diseases, access to benefits, specialized care, and career resources.