| Metric | Value ($ M) | Q1 FY25 |
|---|---|---|
| Revenue | 7.9K | 3.4% |
| Total Income | 7.9K | 3.4% |
| Expenditure | 7.6K | 3.9% |
| PBT | 323.70 | 4.0% |
| Net Profit | 234.50 | 4.0% |
| OPM | 3.67% | 0.47pp |
| NPM | 2.98% | 0.23pp |
| EPS | 3.56 | 2.7% |
Penske Automotive Group Reports Q1 2026 Revenue of $7.9 Billion, Net Income of $234.5 Million
29 Apr 2026 · 29 Apr, 9:35 pm
Summary
Penske Automotive Group reported first quarter 2026 revenue of $7.9 billion, a modest decline from $8.0 billion in the prior year, while net income attributable to common stockholders decreased to $234.5 million from $257.7 million. Adjusted net income saw a 16% reduction to $200.6 million, primarily due to difficult comparisons and challenging market conditions. Despite these headwinds, the company achieved record retail automotive service and parts revenue of $864 million, with same-store growth of 5% and a 6% increase in related gross profit. Management expressed encouragement regarding sequential increases in new and used vehicle gross profit per unit and improving trends in the trucking market, with Class 8 orders showing strong growth.
Key Highlights
- 1
Penske Automotive Group reported total revenue of $7.9 billion for the first quarter of 2026, a slight decrease from $8.0 billion in the same period of 2025.
- 2
Net income attributable to common stockholders for Q1 2026 was $234.5 million, down from $257.7 million in the prior year, with earnings per share at $3.56 compared to $3.86.
- 3
Adjusted net income decreased by 16% to $200.6 million, and adjusted earnings per share fell by 15% to $3.05, reflecting challenging market conditions.
- 4
The company achieved record retail automotive service and parts revenue, which increased by 4.6% to $864 million, with same-store revenue growing 5% and related gross profit increasing 6%.
- 5
Earnings before taxes stood at $324 million for the quarter, with Penske Transportation Solutions (PTS) contributing $41.1 million, a 24% increase in earnings.
- 6
Penske Automotive Group completed acquisitions representing $450 million in estimated annualized revenue during the quarter, adding two Lexus dealerships in Central Florida.
- 7
The company repurchased 170,393 shares of common stock for approximately $26.4 million during the three months ended March 31, 2026.
Management Comments
Roger Penske
In the first quarter of 2026, our business delivered over 126,000 retail automotive and commercial truck units, generated $7.9 billion in revenue and $323.7 million in earnings before taxes. During the quarter, we continued to demonstrate a flexible approach to capital allocation by completing the acquisition of two Lexus dealerships in the Orlando metropolitan area of Central Florida, increasing the dividend paid to stockholders by 1.4% and repurchasing 170,393 shares of common stock. I was particularly pleased with the sequential increase in new and used vehicle gross profit per unit in our retail automotive business and the continued strength of our service and parts business, which increased retail automotive same-store revenue by 5% and related gross profit by 6%. Further, I am encouraged with the trends we are seeing across the trucking market as the freight environment improves and Class 8 orders were strong in recent months.
Informational and educational content only. Not investment advice.