Welcome to our dedicated page for Penske Automotv news (Ticker: PAG), a resource for investors and traders seeking the latest updates and insights on Penske Automotv stock.
Penske Automotive Group, Inc. (NYSE: PAG) is described in its public communications as a diversified international transportation services company and one of the world's premier automotive and commercial truck retailers. News about PAG often centers on its retail automotive and commercial truck operations, its international dealership footprint, and its strategic investments in transportation services.
Company press releases highlight quarterly and year-to-date financial results, including revenue trends, gross profit performance, and segment details for retail automotive dealerships, retail commercial truck dealerships, and its equity interest in Penske Transportation Solutions. These updates frequently discuss same-store revenue and gross profit for new and used vehicles, service and parts, and finance and insurance, as well as the impact of freight market conditions on commercial truck and PTS-related results.
Penske Automotive’s news flow also features corporate development activity. Recent examples include the completion of an acquisition of a Ferrari dealership in Modena, Italy, and the acquisition of Longo Toyota, Longo Lexus, Lexus of Stevens Creek, and Longo Toyota of Prosper in the United States. The company notes that these transactions expand its luxury presence in Italy and strengthen its relationship with Toyota and Lexus while increasing its presence in California and Texas.
Investors following PAG news will also see announcements regarding dividends, securities repurchase authorizations, and share repurchase activity, as well as scheduled conference calls and investor webcasts for quarterly results. Risk factor discussions and references to macro-economic, industry, and regulatory conditions appear in many releases, providing additional context for the company’s operating environment.
This news page aggregates such company-issued updates and related coverage so readers can review Penske Automotive Group’s reported financial performance, capital allocation decisions, acquisitions, and other material events over time.
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.
Penske Automotive Group (NYSE: PAG) has completed the acquisition of Porsche Centre Melbourne from Porsche Retail Group Australia Pty This marks PAG's 25th Porsche dealership worldwide and third location in Melbourne. The acquisition is expected to add $130 million in estimated annualized revenue, bringing the total estimated annual revenue for PAG's three Melbourne Porsche dealerships to $260 million. The strategic partnership aims to enhance customer experience and service delivery in the Melbourne market.
Penske Automotive Group (NYSE: PAG) reported Q3 2024 results with revenue increasing 2% to $7.6 billion. Net income was $226.1 million, down from $263.4 million in Q3 2023, with earnings per share of $3.39 compared to $3.92. Notable highlights include record quarterly retail automotive service and parts revenue of $778.0 million, up 14%, and same-store service and parts revenue growth of 7%. New vehicle units increased 5% while used vehicle units decreased 13%. The company completed acquisitions representing nearly $2 billion in estimated annualized revenue year-to-date and maintained strong liquidity of $1.7 billion.