Tag Archives: roger penske

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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Penske Automotive Group Increases Dividend Again

Posted on 23 July 2025 by Ken Zino

“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 →

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IndyCar – Penske Fires Senior Leadership Team

Posted on 21 May 2025 by Ken Zino

Team Penske announced today the departures of IndyCar Team President, Tim Cindric, IndyCar Managing Director, Ron Ruzewski and IndyCar General Manager Kyle Moyer from the organization. The move comes from the turbulence created by an aerodynamic cheating scandal during qualifying for the 119th Indianapolis 500.

“Nothing is more important than the integrity of our sport and our race teams. We have had organizational failures during the last two years, and we had to make necessary changes. I apologize to our fans, our partners and our organization for letting them down,” said Roger Penske, who owns the IndyCar Series and the Speedway. Continue reading →

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Indy 500 Broadcast Local Delay Lifted for Fox

Posted on 16 May 2025 by Ken Zino

Penske Entertainment said today that the upcoming broadcast of the 109th Running of the Indianapolis 500 will not have the usual broadcast delay for the first ever airing of the race on Fox Sports. Right now it appears that all reserved seating for Race Day will be sold out for the first time since the 100th edition of the race in 2016. Right now, a few tickets remain in the IMS grandstands, with a full reserved seating sellout likely to occur by the checkered flag for Monday’s practice and possibly before the end of PPG Presents Armed Forces Qualifying Weekend, which starts tomorrow. Expanded coverage of the inaugural  Indy 500 on FOX starts on Sunday 25 May at 10 a.m. ET across the country, with the green flag drop  at ~12:45 p.m. ET.

“This year, the greatest race on Earth will host one of its biggest and most memorable crowds in many decades,” said Penske Entertainment President and CEO Mark Miles. “This is a terrific showcase for the NTT IndyCar Series and a great milestone to supercharge our relationship with FOX Sports. It is also absolutely a fitting tribute to the continued leadership and investment of Roger Penske.” Continue reading →

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Penske Automotive Group – Q1 2025 +13% Net Income

Posted on 30 April 2025 by Ken Zino

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 →

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Penske Automotive Group Posts Record Q4 Revenue of $7.7B

Posted on 13 February 2025 by Ken Zino

“I am pleased with our financial performance during the fourth quarter. Revenue increased 6% to $7.7 billion, a quarterly record. New and used automotive gross profit per unit retailed remained strong, including a $74 per unit sequential increase in new vehicle gross profit per unit retailed when compared to the third quarter of 2024, and same-store service and parts revenue and gross profit increased 7% and 9%, respectively,” said Chair Roger Penske.
The Company’s Board of Directors has approved a quarterly dividend of $1.22 per share, representing an increase of 2.5%, or $0.03 per share. This represents the Company’s 17th consecutive quarterly increase. The dividend is payable March 6, 2025, to shareholders of record as of February 24, 2025.
Continue reading →

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