Penske Q3 Revenue Up 5% to $8.4B; EPS $3.36 as $212 Take-Private Pends
PAG sits 51% above its 52-week low of $140.12.
Summary
Penske reported Q3 revenue of $8.4 billion (up 5%) and EPS of $3.36, including $6.3 million of take-private costs, while the $212.00-per-share cash merger with Penske Corporation and Mitsui remains on track for a Q1 2027 close.
Key Events · Earnings and Guidance · PAG
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Q3 Revenue Grows 5% to $8.4B
Revenue rose to $8,415.6 million from $8,053.0 million, with retail automotive up 1.4% to $7,025.4 million and retail commercial truck up 22.3% to $1,123.9 million.
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EPS Slips to $3.36 on Deal Costs
Income before taxes was $302.0 million and net income attributable to common stockholders $220.8 million, including $6.3 million of Proposed Transaction costs ($4.6 million after tax, or $0.07 per share); EPS fell from $3.41.
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Margins Compress 40bps
Total gross margin fell to 15.7% from 16.1%, with new vehicle gross profit per unit down 2.5% to $4,524 and used vehicle gross profit per unit down 6.6% to $1,946.
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Buybacks Paused Pending Merger
The Merger Agreement restricts repurchases; $221.2 million remained available as of September 30, 2026 after 265,104 shares bought for $42.5 million year-to-date, and no further repurchases are expected during the pendency.
Analysis · PAG · Trade & Services
With the stock pinned to the $212.00 cash take-private agreed October 15 and expected to close in Q1 2027, the operating print is a check on deal risk rather than a valuation driver. Revenue grew 5% to $8.4 billion and pre-tax income came in at $302.0 million, but EPS slipped to $3.36 from $3.41 a year ago and gross margin compressed 40bps to 15.7%. Two details stand out: $6.3 million of deal costs already hit the quarter ($0.07 per share), and buybacks are suspended during the pendency, with $221.2 million of authorization left unused. The company skipped its earnings call, consistent with a pending merger.
How filings like this one have moved
In the 30 days to Oct 28, 2026, 30.5% of the 1494 measured filings Wiseek scored 7 moved their stock by 5% or more by the next session's close. The median move was -0.03%. 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 $212.15 on NYSE in the Trade & Services sector, with a market capitalization of approximately $13.9B. 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.