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 director Kimberly J. McWaters received a grant of 534 Deferred Stock Units (phantom stock) on March 5, 2026. These units convert on a one-for-one basis into Penske Automotive Group stock and are exercisable when she separates from service from the company’s Board of Directors. Following this award, she holds a total of 60,621 Deferred Stock Units directly.
Penske Automotive Group director Lisa Ann Davis reported receiving a grant of 223 Deferred Stock Units (phantom stock) on March 5, 2026. The award was recorded at a price of $0.00 per unit as a grant or other acquisition rather than a market purchase.
Each unit is described as "one for one" with the company’s common stock and becomes exercisable when she separates from service on the Board of Directors. Following this grant, Davis is shown as directly holding 25,336 deferred stock units tied to Penske Automotive Group.
Duerheimer Wolfgang reported acquisition or exercise transactions in this Form 4 filing.
Penske Automotive Group director Wolfgang Duerheimer received a grant of 208 Deferred Stock Units (phantom stock). These units were awarded on March 5, 2026 at a price that is stated as not relevant to the transaction.
Each unit represents one share of Penske Automotive Group common stock on a one-for-one basis. The units become exercisable when Duerheimer separates from service on the company’s Board of Directors. After this grant, he directly holds a total of 23,633 Deferred Stock Units.
Penske Automotive Group, Inc. is a diversified transportation services company that generated $31.8 billion of revenue and $5.2 billion of gross profit in 2025, mainly from retail automotive dealerships, retail commercial truck operations, and commercial vehicle distribution.
Retail automotive contributed about 86.4% of 2025 revenue, with strong service and parts profitability, and operations spanning the U.S., U.K., Europe, Japan, Canada, Australia, and New Zealand. The company operated 365 franchised automotive dealerships and 15 used-vehicle stores as of December 31, 2025.
Penske also owns 28.9% of Penske Transportation Solutions, recording $192.8 million of equity earnings and receiving $98.7 million of cash distributions in 2025. Management highlights diversification across business lines and geographies, but notes risks from tariffs, EV and emissions rules, freight market weakness, and evolving U.K. finance regulations.
Denker Claude H III reported acquisition or exercise transactions in this Form 4 filing.
Penske Automotive Group executive Claude H. Denker III received a stock award of 4,994 shares of common stock. The grant was reported as a non-cash award with a price per share of $0.0000, increasing his directly owned holdings to 33,667 shares.
The award vests over time: fifteen percent of the shares vest on June 1, 2027, another fifteen percent on June 1, 2028, twenty percent on June 1, 2029, and the remaining fifty percent on June 1, 2030. This structure ties a portion of his compensation to the company’s long-term performance and continued service.
Hulgrave Michelle reported acquisition or exercise transactions in this Form 4 filing.
Penske Automotive Group executive vice president and chief financial officer Michelle Hulgrave received a grant of 4,994 shares of common stock. This award was reported at a price of zero, reflecting a stock grant rather than an open-market purchase.
Following this grant, Hulgrave directly holds 21,816 common shares. The grant vests over time: 15% on June 1, 2027, another 15% on June 1, 2028, 20% on June 1, 2029, and the remaining 50% on June 1, 2030.
Spradlin Shane M. reported acquisition or exercise transactions in this Form 4 filing.
Penske Automotive Group executive Shane M. Spradlin, EVP, General Counsel & Secretary, received a grant of 4,994 shares of common stock with no cash price. The award vests in stages: 15% on June 1, 2027, 15% on June 1, 2028, 20% on June 1, 2029, and 50% on June 1, 2030. After this grant, he holds 38,146 common shares directly.
KURNICK ROBERT H JR reported acquisition or exercise transactions in this Form 4 filing.
Penske Automotive Group president Robert H. Kurnick Jr. reported an equity award of 9,987 shares of common stock on February 25, 2026. After this grant, his directly held stake increased to 39,067 shares of Penske Automotive Group common stock.
The award vests over time: fifteen percent of the shares vest on June 1, 2027, another fifteen percent on June 1, 2028, twenty percent on June 1, 2029, and the remaining fifty percent on June 1, 2030. The filing notes that price is not relevant to this transaction. He also reports indirect ownership of 40,584 shares held by a trust.
PENSKE ROGER S reported acquisition or exercise transactions in this Form 4 filing.
Penske Automotive Group Chair and CEO Roger Penske reported a grant of 39,949 shares of common stock, received at no cost as a stock award. After this grant, he directly holds 179,991 shares. The award vests over time: 15% on June 1, 2027, 15% on June 1, 2028, 20% on June 1, 2029, and 50% on June 1, 2030. The filing also notes indirect holdings consisting of 33,688,936 shares held by Penske Automotive Holdings Corp. and 492,185 shares held by Penske Corporation, for which Mr. Penske disclaims beneficial ownership except to the extent of any pecuniary interest.
Penske Automotive Group reported softer results for Q4 2025, with revenue of $7.8 billion versus $8.1 billion a year earlier and net income attributable to common stockholders of $186.1 million, down from $249.3 million. Earnings per share fell to $2.83 from $3.73, reflecting lower new and used vehicle volumes and weaker freight-related truck demand.
For full-year 2025, revenue was essentially flat at $31.8 billion, while net income attributable to common stockholders slipped 4% to $935.4 million and earnings per share eased to $14.13 from $14.49. Adjusted net income was $922.8 million and adjusted earnings per share $13.94. Service and parts remained a key strength, with record full-year retail automotive service and parts revenue and related gross profit.
The company continued active capital deployment. It repurchased 1,178,411 shares, about 1.8% of outstanding shares, repaid $550 million of 3.50% senior subordinated notes, and ended 2025 with $1.6 billion of liquidity and a 1.5x leverage ratio. The Board increased the quarterly cash dividend 1.4% to $1.40 per share, its 21st consecutive quarterly increase, and highlighted recent and pending Lexus and Toyota dealership acquisitions expected to contribute significant additional annualized revenue.