10-K · February 27, 2026
Penske Automotive emphasizes diversification across retail automotive, commercial trucks, distribution/power systems and its equity stake in Penske Transportation Solutions (PTS). The 10-K highlights scale in retail…
Earnings analysis · 10-Q
PAG earnings analysis
Filed April 30, 2026 · Our reading of the company's report
The latest report
Penske Automotive Group reported strong Q1 2026 earnings with revenue of $7.86 billion, exceeding estimates and showing improvement from the prior quarter. Diluted EPS came in at $3.05, surpassing consensus…
Read full summary
Penske Automotive Group reported strong Q1 2026 earnings with revenue of $7.86 billion, exceeding estimates and showing improvement from the prior quarter. Diluted EPS came in at $3.05, surpassing consensus expectations, although challenges highlighted in management's discussion may impact future performance.
Gross and operating margin
How much of each revenue dollar the business keeps.
One point per quarterly or annual filing. Both margins are shares of that report's revenue.
From revenue to operating profit
Where each $100 of revenue went in this report.
Cost of sales, operating expenses, and what remained. Figures are rounded to whole dollars.
How we read each report
Our analysis across the last few reports.
Our model's reading of each filing, not the share price or the market's reaction. Annual and quarterly reports each occupy one position.
Reported figures
- Earnings per share
- $3.05
What stood out
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Revenue Exceeds Expectations
Actual revenue for Q1 2026 was $7.86 billion, beating the estimated revenue of $7.76 billion.
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Earnings Per Share Beat
Diluted EPS was reported at $3.05, exceeding consensus estimates of $2.89.
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Improved Gross and Operating Margins
Q1 2026 gross margin increased to 16.7%, while operating margin improved to 4.4%.
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Strong Service and Parts Revenue
Management highlighted record service and parts revenues, indicating continued demand in that segment.
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Free Cash Flow Increase
Free cash flow improved to $206 million in Q1 2026, reflecting strong operational cash generation.
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Successful Acquisitions
Strategic acquisitions during the quarter contributed to additional revenue potential, estimated at $450 million annualized.
What to watch
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Regulatory Risks
New regulations such as those from the FCA could impact business operations significantly, with potential costs estimated at £9.1 billion.
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Fluctuation in Interest Rates
A 100-basis-point change could result in a $53.7 million increase in annual interest expenses across outstanding debt.
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Ongoing Tariff Impact
Existing tariffs may increase inventory costs and consumer pricing pressure, leading to dampened demand.
Management's outlook
Management did not provide numeric guidance but mentioned challenges in the vehicle sales environment.
Earlier filings 4
10-Q · October 30, 2025
Penske reported Q3 revenue of $7,695.3 million and diluted EPS of $3.23. Revenue was up modestly year-over-year while operating income, diluted EPS and operating margin declined versus the prior-year quarter; the…
10-Q · July 31, 2025
Penske Automotive reported Q2 revenue of $7,662.3 million (down $34.4 million, or 0.4% vs. Q2 2024) and diluted EPS of $3.78 (up $0.17 vs. $3.61 in Q2 2024). Gross margin expanded to 16.9% and operating margin to 4.5%,…
10-Q · May 1, 2025
Penske Automotive reported Q1 revenue of $7,604.5 million, up $156.7 million (≈2.1%) versus Q1 2024, and diluted EPS of $3.66 compared with $3.21 a year ago. Gross margin was essentially flat at ~16.7% while operating…
This is our reading of a public filing, not the filing itself. Analysis can contain errors; check the source document for full context.