Quarterly ResultApr 29, 2026, 12:04 PM
PAG Q1 Revenue $7.9B, Net Income $234.5M, EPS $3.56; Acquisitions
AI Summary
Penske Automotive Group (PAG) reported Q1 2026 revenue of $7.9 billion, a slight decrease from $8.0 billion in Q1 2025. Net income attributable to common stockholders was $234.5 million, or $3.56 per share, down from $257.7 million and $3.86 per share in the prior year. The company completed acquisitions adding $450 million in estimated annualized revenue and repurchased 170,393 shares for $26.4 million. Service and parts revenue showed strong growth, with retail automotive same-store revenue up 5%.
Key Highlights
- Completed acquisition of two Lexus dealerships in Orlando, adding $450 million in estimated annualized revenue.
- Q1 2026 revenue was $7.9 billion, down from $8.0 billion in Q1 2025.
- Net income attributable to common stockholders was $234.5 million, a 9% decrease year-over-year.
- Earnings per share (EPS) was $3.56, down 7.8% from $3.86 in Q1 2025.
- Adjusted net income decreased 16% to $200.6 million, and adjusted EPS decreased 15% to $3.05.
- Record retail automotive service and parts revenue increased 4.6% to $864 million.
- Repurchased 170,393 shares of common stock for approximately $26.4 million.
- Penske Transportation Solutions (PTS) earnings increased 24% to $41.1 million.