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Tag Archives: pag
Penske Automotive Group Buys Lexus Dealerships in Florida
“We are excited to welcome the teams at Lexus of Orlando and Lexus of Winter Park to the Penske Automotive Group family and are proud to expand our partnership with Lexus in a market with a long-term growth potential. These premier dealerships have built a strong reputation for exceptional customer service and operational excellence. We look forward to continuing that legacy while leveraging the Company’s existing infrastructure in Central Florida,” said Rich Shearing, North American Operations Officer. Continue reading
Posted in auto news, marketing, mobility company, results, shows and events, transportation
Tagged auto industry commentary, AutoInformed news, autoinformed.com, automotive blog, Automotive news and analysis, Ken Zino of AutoInformed, Ken Zino of AutoInformed.com writing as AutoCrat, Lexus of Orlando, Lexus of Winter Park, pag, penske automotive group, Rich Shearing, roger penske, X @KenAutoinformed
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Penske Automotive Group Posts Record $1.3B Q2 Gross Profit
“I am pleased with the performance of our diversified international transportation services business in the second quarter. The second quarter represented the third consecutive quarter of year-over-year earnings growth driven by an overall gross margin increase of 50 basis points, an increase of 50 basis points in retail automotive service and parts gross margin, and a 30-basis point improvement in selling, general and administrative expenses as a percentage of gross profit,” said Chair Roger Penske.
“New and used vehicle gross profit per unit retailed remained stable and strong while retail automotive same-store service and parts revenue increased 7%.” Penske continued, “While we continue to monitor the potential impact to our business from tariffs, the benefits provided by our premium brand mix, geographic diversification across the North American retail commercial truck, the U.S. and international automotive markets, and the diversification of our gross profit across new and used vehicles, service and parts, and finance and insurance, coupled with our highly variable cost structure, provide us with opportunities to flex our business to meet the changing automotive and commercial truck landscape,” Penske said. Continue reading
Posted in auto news, economy, financial results, mobility company, news analysis
Tagged auto industry commentary, autoinformed.com, automotive blog, Automotive news and analysis, Ken Zino, pag, penske automotive group, Penske Transportation Solutions, Premier Truck Group, roger penske, X @KenAutoinformed
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Penske Automotive Group Increases Dividend Again
“We are pleased to provide shareholders with another increase in the quarterly dividend, reflecting the continued strength of our balance sheet and strong cash flow,” said Penske Automotive Group President Robert H. Kurnick, Jr Continue reading
Posted in auto news, financial results, milestones, news analysis, shows and events, transportation
Tagged auto industry commentary, autoinformed.com, automotive blog, Automotive news and analysis, Ken Zino, pag, penske automotive group, Penske Entertainment, Penske Transportation Solutions, Robert H. Kurnick Jr, roger penske, X @KenAutoinformed
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Penske Automotive Adds Ferrari Dealership in Modena!
Penske Automotive Group (NYSE: PAG)* said today that it has completed the acquisition of the Ferrari dealership in Modena, Italy. Located in Emilia Romagna, the heart of the so-called Italian Motor Valley that is home to Ferrari, Lamborghini, Maserati, Pagani, Ducati and Dallara, this Ferrari dealership expands the PAG’s existing luxury presence in Italy to 29 automotive retail locations. PAG now represents nine Ferrari locations worldwide, including Maranello Classic Parts, the only official Ferrari classic parts distributor in the world. The forecast estimated annualized revenue of the Modena location is $40 million. Continue reading
Posted in auto news, marketing, milestones, mobility company, news analysis, shows and events
Tagged auto industry commentary, autoinformed.com, automotive blog, Automotive news and analysis, Dallara, ducati, ferrari, Ken Zino, lamborghini, maserati, pag, Pagani, penske automotive group, Penske Transportation Solutions, Randall Seymore, X @KenAutoinformed
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Penske Automotive Group – Q1 2025 +13% Net Income
Penske Automotive Group (NYSE: PAG) today posted Q1 2025 financial results that showed record first quarter revenue with an increase of 2% to $7.6 Billion. Adjusted earnings before taxes increased 5% to $310 Million. Adjusted earnings per share increased 6% to $3.39.
“Our diversified international transportation services business generated record first quarter revenue, the seventh consecutive quarter of stable gross margin, and a 70-basis point improvement of adjusted selling, general, and administrative expenses as a percentage of gross profit. New and used vehicle gross profit per unit retailed remained consistent and strong with new vehicle gross declining only $87 per unit while used vehicle gross increased $352 per unit when compared to the fourth quarter of 2024,” said Chair Roger Penske. Continue reading
Posted in economy, financial results, mobility company, news, news analysis, transportation
Tagged auto industry commentary, autoinformed.com, automotive blog, Automotive news and analysis, Ken Zino, NYSE: PAG, pag, Penske Automotive Group Q1 2025 financial results, Premier Truck Group, roger penske, Sytner Select, X @KenAutoinformed
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Penske Automotive Group Buys 15 UK Dealerships
Penske Automotive Group, Inc. (NYSE: PAG)* today announced that it has agreed to acquire Rybrook Group Limited consisting of 15 premium dealerships in the United Kingdom, including four BMW dealerships, four MINI dealerships, four Volvo dealerships, two Land Rover dealerships and one Porsche dealership. Three of the BMW locations also retail BMW Motorrad motorcycles. The dealerships to be acquired represent estimated annualized revenues of $1 billion. Continue reading
Hot, Fast Company: Penske Automotive Increases Dividend 6%
Penske Automotive Group, Inc. (NYSE: PAG) – an international transportation services company, a significant force among premier auto and commercial truck retailers, and a successful racing organization – today announced that its Board of Directors has increased the dividend by $0.03 per share. Continue reading
Penske Automotive Reports Record Q3 Results
Our business continued to perform well in the third quarter, producing another quarter of record results despite the translation effects from foreign currency headwinds,” said Penske Automotive Group Chairman Roger S. Penske. Continue reading
Posted in financial results
Tagged autoinformed, autoinformed.com, Brexit, Ken Zino, pag, penske automotive group, Penske Truck
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Penske Automotive Group Increases Dividend Again!
Penske Automotive Group, Inc. (NYSE: PAG) today announced that its Board of Directors has approved a quarterly dividend of $1.44 per share, an increase of $0.02 per share (+1.4%), bringing the annualized dividend to $5.76 per share. This represents the Company’s 23rd consecutive quarterly dividend increase. It comes as a proposal to take PAG private for $210 per share was announced.*
“Our continued dividend growth reflects the strength of our business and disciplined capital allocation strategy,” said Robert H. Kurnick, Jr., President of Penske Automotive Group. “We remain committed to creating shareholder value through a balanced strategy that includes dividends, securities repurchases, and strategic acquisitions.” The dividend is payable September 1, 2026, to shareholders of record as of 14 August 2026. Continue reading →