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PAG

Penske Automotive Group, Inc.

PAG

Penske Automotive Group, Inc. • NYSE
$161.72 ▼ -0.25% (-0.40)
Market Cap $10.65 B
52w High $189.51
52w Low $134.05
Dividend Yield 5.18%
P/E 11.39
Volume 96.48K
Outstanding Shares 65.87M

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q3-2025 $7.695B ▲ $950.4M ▲ $213M ▼ 2.768% ▼ $3.23 ▼ $400M ▼
Q2-2025 $7.662B ▲ $948.4M ▼ $250M ▲ 3.263% ▲ $3.78 ▲ $443.9M ▲
Q1-2025 $7.604B ▼ $953.5M ▲ $244.3M ▲ 3.213% ▲ $3.66 ▲ $441M ▲
Q4-2024 $7.72B ▲ $927M ▲ $236.4M ▲ 3.062% ▲ $3.54 ▲ $427.5M ▲
Q3-2024 $7.591B $925.8M $226.1M 2.979% $3.39 $418.7M

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q3-2025 $80.3M ▼ $17.119B ▼ $11.393B ▼ $5.707B ▲
Q2-2025 $155.3M ▲ $17.393B ▲ $11.762B ▲ $5.614B ▲
Q1-2025 $118.4M ▲ $16.932B ▲ $11.519B ▲ $5.395B ▲
Q4-2024 $72.4M ▼ $16.721B ▼ $11.494B ▼ $5.21B ▲
Q3-2024 $91.9M $17.065B $11.831B $5.203B

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q3-2025 $214.2M ▼ $306.5M ▲ $-81.4M ▼ $-300.2M ▼ $-75M ▼ $227.4M ▲
Q2-2025 $250.9M ▲ $189.7M ▼ $-38.4M ▼ $-119.5M ▲ $36.9M ▼ $118.9M ▼
Q1-2025 $244.3M ▲ $355.7M ▲ $3.5M ▲ $-314.7M ▼ $46M ▲ $279.1M ▲
Q4-2024 $236.4M ▲ $217.7M ▼ $-153.5M ▲ $-81M ▼ $-19.5M ▲ $131.6M ▼
Q3-2024 $226.1M $271M $-232.2M $-63.6M $-23.2M $190.1M

Revenue by Products

Product Q2-2024Q3-2024Q1-2025Q2-2025
Commercial Vehicle Distribution And Other
Commercial Vehicle Distribution And Other
 $0 ▲$0 ▲$210.00M ▲$200.00M ▼
Other Operating Segment
Other Operating Segment
 $190.00M ▲$190.00M ▲$0 ▼$0 ▲

Five-Year Company Overview

Income Statement

Income Statement Penske’s sales have climbed steadily over the past five years, showing that demand for its dealerships and transportation services has held up well. However, profits tell a more mixed story. Earnings were very strong in the middle of the period and have eased back since, even as revenue kept rising. That points to margin pressure – likely from higher costs, a tougher pricing environment in vehicles, or a less favorable mix of business. Overall, the business is clearly sizeable and profitable, but the peak profitability of a couple of years ago has not been sustained, which is common for auto dealers coming off an unusually strong cycle.

Balance Sheet

Balance Sheet The balance sheet shows a large, asset-heavy business with meaningful use of debt, which is typical for auto retail and commercial truck operations. Total assets and shareholder equity have grown over time, suggesting the company has been building value and reinvesting past profits. Debt levels have also crept up, so leverage remains an important factor to watch, especially in a cyclical industry. Cash on hand is modest relative to the size of the business, implying continued reliance on credit lines and inventory financing, but this is broadly in line with how dealership groups usually operate.

Cash Flow

Cash Flow Cash generation has been a clear strength. Operating cash flow has been consistently solid, and free cash flow has remained positive every year, even after funding ongoing investments in facilities, technology, and network expansion. Capital spending has risen gradually but remains disciplined, leaving room for debt service, shareholder returns, and acquisitions. There are no signs in this period of strain in the cash flows; instead, the pattern suggests a mature business that reliably converts earnings into cash.

Competitive Edge

Competitive Edge Penske holds a strong position in the auto and commercial truck dealership space, supported by its scale, international footprint, and focus on premium brands. Luxury and higher-end franchises tend to offer better margins and more resilient customer demand, especially in service and parts. The company also benefits from its stake in Penske Transportation Solutions, which extends its reach into truck leasing and logistics, adding more stable, contract-based revenue. Its reputation, long operating history, and geographic diversification help buffer regional downturns, but the group still faces the usual industry risks: economic cycles, manufacturer relations, and shifts in consumer buying behavior.

Innovation and R&D

Innovation and R&D While Penske is not a heavy laboratory-style R&D company, it is actively innovating in how vehicles are sold and serviced. The CarShop brand and its fully digital used-car platform are key moves toward online retailing, aiming to offer a smoother, no-haggle, end‑to‑end purchase experience. The company is also leaning on data analytics, telematics, and advanced diagnostic tools to improve fleet uptime, inventory management, and customer targeting. Preparations for electric vehicles – through premium brand partnerships, technician training, and charging/service readiness – are another focus. The main question is execution: how effectively it scales CarShop, deepens digital tools across all segments, and adapts its network as EV adoption and customer expectations evolve.

Summary

Overall, Penske Automotive Group looks like a large, diversified, and well-established transportation retailer that has translated strong demand into rising sales and solid cash flows, but with profitability coming off peak levels. Its balance sheet shows typical industry leverage but also growing equity, reflecting a history of retained earnings and expansion. Competitive strengths come from its premium brand mix, international reach, and connection to a broader transportation solutions platform, which together create multiple profit streams beyond just new car sales. On the innovation side, the company is focusing on digital retailing, data‑driven operations, and EV readiness rather than traditional R&D. The main themes to monitor are how margins behave through the next part of the auto cycle, how well digital and CarShop initiatives scale, and how the business manages leverage in an environment of changing interest rates and vehicle technology.

NEWS

November 25, 2025 · 8:30 AM UTC

The Presidio Group Exclusively Advised Penske Automotive Group on Sale of Hyundai of Noblesville to Gurley Leep Automotive Family

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November 19, 2025 · 6:57 AM UTC

PENSKE AUTOMOTIVE GROUP INCREASES PRESENCE IN CALIFORNIA AND TEXAS

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October 29, 2025 · 6:57 AM UTC

PENSKE AUTOMOTIVE GROUP REPORTS QUARTERLY RESULTS

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October 15, 2025 · 4:04 PM UTC

PENSKE AUTOMOTIVE GROUP ANNOUNCES $0.06 INCREASE IN QUARTERLY DIVIDEND

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October 10, 2025 · 6:58 AM UTC

PENSKE AUTOMOTIVE GROUP SCHEDULES THIRD QUARTER AND NINE MONTHS 2025 FINANCIAL RESULTS CONFERENCE CALL

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