Penske Automotive Q2 Revenue Climbs 6% to $8.5B; Board Evaluates $210/Share Buyout Offer
PAG sits 57% above its 52-week low of $140.12.
Summary
Penske Automotive reported Q2 2026 revenue of $8.5 billion, up 6% year-over-year, with adjusted EPS of $3.62. The board is evaluating a $210/share take-private proposal from its majority owners.
Key Events · Earnings and Guidance · PAG
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Q2 Revenue Up 6% to $8.5B
Total revenue rose to $8.5 billion, driven by a 5.9% increase in retail automotive new vehicle sales and a 9.4% jump in used vehicle revenue. Net income attributable to common stockholders was $260.4 million, or $3.96 per diluted share, compared to $266.6 million, or $4.03 per share, a year ago.
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Board Receives $210/Share Buyout Proposal
On July 22, 2026, the board received a non-binding proposal from Penske Corporation and Mitsui to acquire the remaining 27.8% of shares they do not already own for $210 per share in cash. A special committee of independent directors has been formed to evaluate the offer.
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Dealership Acquisitions and Divestitures
The company acquired two U.S. retail automotive franchises for $669.7 million during the first half of 2026, adding $152.4 million in revenue and $10.5 million in pre-tax income. It also recorded a $30.5 million gain on the sale of U.S. retail automotive franchises in Q2.
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Mortgage Facility Capacity Increased
In July 2026, the company amended its revolving mortgage facility with Toyota Motor Credit Corporation, increasing maximum borrowing capacity to $750 million from $600 million, contingent on property values.
Analysis · PAG · Trade & Services
A solid quarter saw revenue rise 6% to $8.5 billion, though net income edged down to $260.4 million as higher SG&A and interest costs offset gains from dealership sales. The real story, however, is the board's receipt of a $210 per share non-binding buyout proposal from majority owners Penske Corp. and Mitsui — a 5% discount to the current stock price near $221. The special committee's evaluation of this offer will dominate the stock's narrative in the coming weeks.
How filings like this one have moved
In the 30 days to Sep 14, 2026, 35.8% of the 1045 measured filings Wiseek scored 8 moved their stock by 5% or more by the next session's close. The median move was -0.43%. These are measured outcomes after filings of this importance, not a forecast for this one.
Measured one observation per ticker per day, after exclusions. Current figures: Filing Impact Tracker · open dataset
At the time of this filing, PAG was trading at $220.61 on NYSE in the Trade & Services sector, with a market capitalization of approximately $14.5B. The 52-week trading range was $140.12 to $227.00. This filing was assessed with neutral market sentiment and an importance score of 8 out of 10.