Quarterly ResultJul 30, 2026, 04:13 PM
Penske Automotive Q2 Revenue Up 6% to $8.51B; EPS $3.96
AI Summary
Penske Automotive Group reported mixed financial results for the second quarter and first six months ended June 30, 2026. Second-quarter revenue increased by 6% to $8.51 billion, while net income decreased by 2% to $261.2 million, and basic earnings per share fell by 2% to $3.96. For the first six months, revenue rose 2% to $16.38 billion, but net income declined 6% to $496.1 million, and basic EPS decreased 4% to $7.53. The company also increased cash dividends per share by 14% to $2.82 for the six-month period and utilized $669.7 million in net cash for acquisitions. Total assets stood at $18.49 billion as of June 30, 2026.
Key Highlights
- Q2 Revenue increased 6% to $8.51 billion from $8.03 billion year-over-year.
- Q2 Net Income decreased 2% to $261.2 million from $267.5 million year-over-year.
- Q2 Basic Earnings Per Share was $3.96, down 2% from $4.03 year-over-year.
- Six-month cash dividends per share increased 14% to $2.82.
- Net cash used in investing activities for acquisitions was $669.7 million.
- Total assets grew to $18.49 billion as of June 30, 2026.
Price Impact
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