PENSKE AUTOMOTIVE GROUP, INC.

Penske Automotive Group, Inc. announced that its Board of Directors has declared a quarterly cash dividend of $1.46 per share. This represents a $0.02 per share increase, resulting in an annualized dividend of $5.84 per share. The dividend is scheduled to be paid on December 1, 2026, to shareholders of record as of November 13, 2026.

Penske Automotive Group, Inc.'s special committee of independent directors has retained Moelis & Company LLC as its independent financial advisor and Paul, Weiss, Rifkind, Wharton & Garrison LLP as its independent legal counsel. These advisors will assist in reviewing an unsolicited, preliminary, and non-binding proposal from Penske Corporation and Mitsui & Co., Ltd. to acquire the remaining shares of the Company's common stock for $210 per share in cash. The Company stated there is no assurance that an agreement will be reached regarding the proposal.

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.

Penske Automotive Group reported second quarter 2026 financial results with revenue increasing 6% to $8.5 billion. Net income attributable to common stockholders was $260.4 million, or $3.96 per share, while adjusted earnings per share was $3.62. The company also announced a 1.4% increase in its quarterly dividend to $1.44 per share, marking its 23rd consecutive quarterly increase. New and used automotive units delivered rose 5% to over 125,000.

Penske Automotive Group, Inc. (PAG) announced that its Board of Directors received an unsolicited, preliminary, and non-binding proposal from Penske Corporation (PC) and Mitsui & Co., Ltd. to acquire the remaining shares of PAG's common stock they do not already own for $210 per share in cash. PC and Mitsui collectively own 72.6% of PAG's outstanding common stock. The Board has established a special committee of independent directors to review and consider the proposal, which includes a significant premium over recent trading prices.

Penske Automotive Group announced a quarterly dividend increase to $1.42 per share, up $0.02 or 1.4%, marking its 22nd consecutive quarterly increase. The dividend is payable on June 3, 2026, to shareholders of record as of May 26, 2026. Additionally, at its 2026 Annual Meeting, stockholders approved all proposals, including the election of twelve director nominees, the ratification of Deloitte & Touche LLP as the independent auditor, and the advisory approval of named executive officer compensation.

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%.