Tag Archives: roger penske

Penske Automotive Group Posts Q2 2026 Earnings Decline

Posted on 29 July 2026 by Ken Zino

“In the second quarter of 2026, our diversified business delivered over 125,000 retail automotive units and more than 5400 commercial truck units. Retail automotive same-store revenue increased 6%. Retail automotive new and used vehicle gross profit per unit remained strong and consistent when compared to the first quarter of 2026, and service and parts gross margin increased by 80 basis points. Additionally, I am encouraged with the trends we are experiencing across the commercial truck market from an improved freight environment, driving strong orders of Class 8 trucks,” Chair Roger Penske said. Continue reading →

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Penske Automotive Group Increases Dividend Again!

Posted on 23 July 2026 by Ken Zino

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 →

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Take Private Offer Made to Penske Automotive Group!

Posted on 23 July 2026 by Ken Zino

Late yesterday, the Penske Automotive Group (NYSE: PAG)* announced that it had received an unsolicited, preliminary and non-binding proposal from Penske Corporation (PC) and Mitsui & Co. (Mitsui) to acquire the remaining shares of the Company’s common stock that they and their affiliates do not currently own “for cash consideration of $210 per share.”

“The Board has established a special committee comprised of disinterested and independent directors to review and consider the Proposal. The special committee is authorized to retain advisors, including independent legal and financial advisors, to assist it in its work. There can be no assurance as to whether an agreement relating to any proposed transaction will be reached or as to the terms thereof if an agreement is reached,” PAG said. Continue reading →

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Indianapolis 500 in 2026 – Closet Finish in 110 Years!

Posted on 25 May 2026 by Ken Zino

The final lap of wheel-to-wheel racing to take the checkered flag at the Indianapolis 500 culminated in the closest finish in the 110-year history at the Brickyard. However, it was only one of the “500” or more heart-throbbing moments that inarguably supports the claim that the 500 is the “The Greatest Spectacle in Racing.” Felix Rosenqvist drove the high line against the concrete wall exiting Turn 4 on Lap 200 in the No. 60 SiriusXM Honda of Meyer Shank Racing w/Curb Agajanian and powered past the No. 12 Verizon Team Penske Chevrolet of David Malukas to triumph by .0233 of a second. The previous closest finish in “500” history came in 1992, when Al Unser Jr. held off a charging Scott Goodyear by .043 of a second. Continue reading →

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Penske Automotive Group Posts Q1 2026 Net of $234.5M

Posted on 29 April 2026 by Ken Zino

“In the first quarter of 2026, our business delivered over 126,000 retail automotive and commercial truck units, generated $7.9 billion in revenue and $323.7 million in earnings before taxes. During the quarter, we continued to demonstrate a flexible approach to capital allocation by completing the acquisition of two Lexus dealerships in the Orlando metropolitan area of Central Florida, increasing the dividend paid to stockholders by 1.4% and repurchasing 170,393 shares of common stock,” said Chair Roger Penske. Continue reading →

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Chevy Teases 2027 Corvette Grand Sport at Sebring

Posted on 22 March 2026 by Ken Zino

“It is an incredible opportunity to be reunited with the Corvette Grand Sport C2 here at the Twelve Hours of Sebring – an event and a track that has always carried special meaning for me and for our race teams over the years,” Penske said. “Congratulations to Chevrolet on launching the new era of the Grand Sport program. It is truly special to see the C2 and the other generations of the Corvette Grand Sport, including the new C8, here at Sebring.” Continue reading →

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Penske Automotive Group Buys Lexus Dealerships in Florida

Posted on 24 February 2026 by Ken Zino

“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 →

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Penske Automotive Group Posts $1.3 billion in 2025 Earnings

Posted on 11 February 2026 by Ken Zino

Penske Automotive Group, Inc. (NYSE: PAG)* today announced 2025 Q4 and full-year 2025 results. For Q4 revenue was $7.8 billion compared to $8.1 billion for the same period in 2024. Net income attributable to common stockholders was $186.1 million compared … Continue reading →

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IndyCar – Freedom 250 Grand Prix at Washington National Mall

Posted on 30 January 2026 by Ken Zino

“President Trump has bestowed an incredible distinction upon our sport, and we’re grateful for his trust and support as INDYCAR prepares to honor our country with a tremendous racing spectacle,” said Roger Penske, owner of the IndyCar series. “This will be a truly memorable event that celebrates our country’s independence and the legacy of patriotism, innovation and excellence that powers motorsports across America.”

The move while deeply surprising to AutoInformed is – on reflection given Fox Sports broadcasting control of the series and its parent company’s uncritical support of the Trump Administration – business as usual. Trump is turning to sports to help. To borrow a thought from a dictionary writer, it is not surprising that so many in all ages and countries made Patriotism a cloak for self-interest. We await to hear what Corporation or entity will be the title sponsor of the race. Oh, the Department of Transportation [your tax dollars] is funding this? Penske’s self-interest is obvious as well. This is a one-time event only? Then there’s the security costs… Continue reading →

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IndyCar Cheating – New Independent Officiating for 2026 Series

Posted on 11 December 2025 by Ken Zino

“We are excited to launch this new structure of IndyCar officiating and know the officiating board will approach this charge with diligence and a sense of shared responsibility. They will work independently to hire the right person to carry this mission forward and provide successful implementation for the 2026 seasons,” said Mark Miles, Penske Entertainment Corp. President and CEO. [Roger Penske owns the IndyCar Series and the Indianapolis Motor Speedway. Read AutoInformed.com on: IndyCar – Penske Fires Senior Leadership Team. It was at least two instances of Penske team cheating that forced the issue. Still the IOB will be funded by Penske. Letting team owners including Penske run the rule enforcement so to speak is a dubious proposition. Key here is the next step. Who is the Managing Director? – AutoCrat.] Continue reading →

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Penske Automotive Group Posts Q3 Net Income Increase

Posted on 31 October 2025 by Ken Zino

Penske Automotive Group* (NYSE: PAG) has posted Q3 2025 operating results. During Q3 revenue increased 1.4% to $7.7 billion compared to $7.6 billion in Q3 2024. Net income attributable to common stockholders decreased 6% to $213.0 million compared to $226.1 million YoY. Related earnings-per-share decreased 5% to $3.23 compared to $3.39 YoY 2024.

“Overall, I am pleased with our performance during the third quarter. We grew same-store retail automotive new units delivered by 4%, reduced new vehicle inventory days supply by 6 days from the end of June and increased retail automotive service and parts revenue to a quarterly record of $818.3 million, including same-store service and parts revenue growth of 5%,” said Chair Roger Penske. Continue reading →

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Penske Automotive Group Increases Dividend Yet Again

Posted on 16 October 2025 by Ken Zino

“We are pleased to reward shareholders with another increase in the quarterly dividend”, said Penske Automotive Group President Robert H. Kurnick, Jr. “We remain confident in our business and continue to generate strong cash flow, preserve a healthy balance sheet and maintain a disciplined approach to capital allocation.”

Penske Automotive Group’s Third Quarter 2025 Earnings Call is upcoming on 29 October 2025 at 2 pm ET. AutoCrat opines that this is a signal that the earnings will be strong. However, all the usual SEC forward looking statement caveats apply. Continue reading →

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IMSA Petit Le Mans – Cadillac, Corvette, Porsche Win in Finale

Posted on 13 October 2025 by Ken Zino

IMSA says that 241 race transporters as well as the cars and trucks that carried in thousands of week-long campers and daily ticket holders to the Road Atlanta infield where the 10-hour Petite LeMans was scheduled to run was at capacity by early Thursday afternoon. Local landowners then rented their properties to IMSA to create additional parking areas outside the 2.54-mile circuit for the season ending series finale.

“We had a complete sellout,” said IMSA President John Doonan. “We had to stop selling tickets because we couldn’t fit any more people in. From the attendance to the racing, it was truly an epic weekend.” Continue reading →

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Penske Drives His Porsche 963 RSP

Posted on 22 August 2025 by Ken Zino

Porsche AG said today that Roger Penske took the wheel of the Porsche 963 RSP,* a one-off creation bearing his initials, for the first time. The car was later showcased during Monterey Car Week in California before joining his private … Continue reading →

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Penske Automotive Group Posts Record $1.3B Q2 Gross Profit

Posted on 31 July 2025 by Ken Zino

“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 →

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