Penske Automotive Group filings document financial results, capital allocation, governance, and dealership transaction activity for a diversified international transportation services company. Form 8-K reports provide results of operations, Regulation FD disclosures, dividend declarations, share repurchases, and material agreements related to completed dealership acquisitions.
The company’s proxy materials describe board and shareholder matters, executive compensation, stockholder voting items, and the operating mix of automotive retail, commercial truck dealerships, commercial vehicle distribution, power systems operations, and joint venture returns. PAG filings also disclose financing arrangements, capital-structure actions, acquisition funding, risk factors, and corporate governance practices relevant to its dealership and transportation-services business.
Penske Automotive Group President Robert H. Kurnick Jr. reported a routine tax-related share disposition. On June 1, 2026, 5,552 shares of common stock were withheld at $170.44 per share to cover taxes on restricted stock that vested that day.
After this tax-withholding disposition, Kurnick directly held 33,512 common shares, and a trust associated with him indirectly held 40,584 common shares. The filing reflects a compensation and tax event rather than an open-market trade.
Penske Automotive Group executive Shane M. Spradlin, EVP, General Counsel & Secretary, had 3,181 shares of Common Stock withheld on June 1, 2026 to cover taxes on restricted stock that vested that day. This was a tax-withholding transaction, not an open-market sale. After the withholding, Spradlin directly holds 34,963 shares of Penske Automotive Group common stock.
EVP & CFO Michelle Hulgrave of Penske Automotive Group reported two transactions in the company’s common stock. On June 1, 2026, 2,718 shares were disposed of to cover taxes on restricted stock that vested that day, a non-market tax-withholding event.
On June 2, 2026, she completed an open-market sale of 1,500 shares at a weighted average price of $171.7981 per share, with trades executed between $171.43 and $172.41. Following these transactions, she directly holds 17,596 shares of Penske Automotive Group common stock.
Penske Automotive Group EVP Claude H. Denker III reported a routine tax-withholding transaction. On shares of restricted stock that vested on June 1, 2026, 2,977 shares of common stock were withheld to cover taxes at a price of $170.44 per share. After this non‑market disposition, he continues to hold 30,688 shares directly.
Morgan Stanley Smith Barney LLC submitted a Form 144 notice reporting 1,500 shares of Common Stock to be sold on 06/01/2026 relating to restricted stock vesting under a registered plan. The filing lists the securities as designated for sale on the NYSE.
Penske Automotive Group director Greg C. Smith sold shares in an open-market transaction. On May 18, 2026, he sold 1,488 shares of common stock at a weighted average price of $160.0205 per share.
The sale was executed in multiple trades between $160.02 and $160.29 per share, and left him with 0 directly owned shares reported after the transaction.
Penske Automotive Group held its 2026 annual stockholders meeting on May 13, 2026, where all twelve director nominees were elected. Each received over 60 million votes in favor, with additional broker non-votes recorded.
Stockholders also ratified Deloitte & Touche LLP as the independent auditing firm for the year ending December 31, 2026, and approved, on an advisory basis, named executive officer compensation. The Board declared a quarterly dividend of $1.42 per share, an increase of $0.02 or about 1.4%, marking the 22nd consecutive quarterly increase, payable June 3, 2026 to shareholders of record as of May 26, 2026.
Penske Automotive Group reported first-quarter 2026 revenue of $7.9 billion, slightly below the prior year’s $8.0 billion, as softer new-vehicle and truck demand offset growth in certain international and parts-and-service operations.
Net income attributable to common stockholders was $234.5 million, down from $257.7 million, with diluted EPS of $3.56 versus $3.86. Results included a $60.4 million gain on the sale of a U.S. automotive franchise, partly offset by other charges.
Retail automotive dealerships generated $7.0 billion of revenue, retail commercial truck dealerships $694.6 million, and commercial vehicle distribution and other operations $201.9 million. Operating cash flow was $215.0 million, while $669.7 million of cash was used for acquisitions, driving total assets to $18.3 billion and long-term debt to $2.6 billion.
Penske Automotive Group reported first quarter 2026 revenue of $7.9 billion, slightly below the $8.0 billion posted a year earlier. Net income attributable to common stockholders declined to $234.5 million from $257.7 million, with earnings per share down to $3.56 from $3.86.
Excluding a gain on sale of a dealership and other items, adjusted net income fell to $200.6 million and adjusted EPS to $3.05, reflecting softer vehicle volumes and a difficult comparison. Retail automotive service and parts remained a strength, with revenue up 4.6% to $863.9 million and related gross profit up 5.7%.
The company completed acquisitions expected to add $450 million of annualized revenue and has acquired two Toyota and four Lexus stores over six months expected to generate about $2 billion in annualized revenue. Penske Transportation Solutions contributed a 24% earnings increase to $41.1 million. Penske ended the quarter with about $1.3 billion in liquidity and a 1.8x leverage ratio after repurchasing 170,393 shares for $26.4 million.