Penske Automotive Q2 Revenue Rises 6% to $8.5B; Adjusted EPS $3.62
PAG sits 59% 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. Retail automotive unit sales rose 5%, and commercial truck orders surged, signaling a freight recovery. The company raised its dividend for the 23rd straight quarter and repurchased $42.5 million in shares.
Key Events · Earnings and Guidance · PAG
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Q2 Revenue Up 6% to $8.5B
Total revenue increased 6% year-over-year to $8.5 billion, with retail automotive same-store revenue up 6% and commercial truck revenue down 1.7% to $927.8 million.
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Adjusted EPS of $3.62 vs $4.03
GAAP net income was $260.4 million ($3.96 per share), down from $266.6 million ($4.03 per share) a year ago. Excluding a $30.5 million gain on dealership sales, adjusted EPS was $3.62.
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Retail Unit Sales Rise 5%
Total new and used retail automotive units delivered increased 5% to over 125,000, driven by resilient consumer demand and improved vehicle availability.
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Commercial Truck Orders Surge 118%
North American Class 8 truck orders jumped 118% in the first half of 2026, signaling an improving freight environment. PTS equity earnings rose 7% to $57.4 million.
Analysis · PAG · Trade & Services
Penske Automotive delivered solid Q2 results with revenue up 6% to $8.5 billion, driven by a 5% increase in retail automotive unit sales. Adjusted EPS of $3.62 came in below last year's $4.03, reflecting margin compression in new and used vehicles, but service and parts gross margin improved 80 basis points. The commercial truck segment showed early recovery signs with a 118% surge in Class 8 orders, and the Penske Transportation Solutions investment contributed 7% higher equity earnings. The company maintained a strong balance sheet with 1.7x leverage and $1.4 billion in liquidity, while returning capital via a 23rd consecutive dividend increase and $42.5 million in share repurchases. These results land against the backdrop of a pending $210/share take-private proposal from majority owners, making operational performance a key factor in valuation discussions.
How filings like this one have moved
In the 30 days to Sep 15, 2026, 29.9% of the 1678 measured filings Wiseek scored 7 moved their stock by 5% or more by the next session's close. The median move was -0.25%. These are measured outcomes after filings of this importance, not a forecast for this one.
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At the time of this filing, PAG was trading at $222.28 on NYSE in the Trade & Services sector, with a market capitalization of approximately $14.6B. The 52-week trading range was $140.12 to $227.00. This filing was assessed with neutral market sentiment and an importance score of 7 out of 10.