PAG

A month has gone by since the last earnings report for Penske Automotive (PAG). Shares have lost about 2% in that time frame, underperforming the S&P 500. Will the recent negative trend continue leading up to its next earnings release, or is Penske due for a breakout? Well, first let's take a quick look at the latest earnings report in order to get a better handle on the recent drivers for Penske Automotive Group, Inc. before we dive into how investors and analysts have reacted as of late. Penske reported first-quarter 2026 adjusted earnings of $3.05 per share, which declined 15.0% year over year but topped the Zacks Consensus Estimate of $2.91 by 4.8%. Total revenues of $7.86 billion dipped 1.1% from the year-ago quarter and missed the consensus mark of $7.95 billion by 1.1%. Despite softer revenues versus expectations, Penske’s Retail Automotive service and parts revenues rose 4.6% to $863.9 million, helping cushion a tougher comparison and challenging market conditions. In Retail Automotive, total new units delivered fell 9.9% year over year to 50,036, while used units slipped 0.6% to 60,126. Total retail units declined 5% to 110,162, reflecting a tougher demand backdrop in key markets. Management cited U.S. weather-related disruptions early in the quarter, prior-year tariff-related pull-forward of retail sales, and softer U.S. electric-vehicle demand tied to regulatory easing and the expiration of tax credits as primary drags on new-vehicle volume. Even with lower new-vehicle volumes, the company posted higher used-vehicle revenues, which increased 7.3% year over year to $2.43 billion. New-vehicle revenues decreased 5.2% to $3.08 billion, while finance and insurance revenues were modestly lower at $202.3 million. On profitability per unit, retail automotive gross profit per new vehicle (excluding agency) was $4,783, down 4.6% from the year-ago level, and used-vehicle gross profit per unit was $2,076, down 2.0%. Notably, agency units rose 21.8% to 13,011, and agency gross profit per unit improved 7.1% to $2,805, adding a steadier profit stream alongside traditional retail sales. Retail Commercial Truck results were pressured by lower deliveries, with total new and used units down 24% year over year to 3,583. Segment revenues decreased 15.7% to $694.6 million, and earnings before taxes fell to $36.4 million from $45.1 million a year ago. Within the segment...

BLOOMFIELD HILLS, Mich., May 13, 2026 /PRNewswire/ -- Penske Automotive Group, Inc. (NYSE: PAG), a diversified international transportation services company and one of the world's premier automotive and commercial truck retailers, today announced that its Board of Directors has approved a quarterly dividend of $1.42 per share, representing an increase of $0.02 per share, or approximately 1.4%. This represents the Company's 22nd consecutive quarterly increase. The dividend is payable June 3, 2026, to shareholders of record as of May 26, 2026. "We are pleased to reward shareholders with another increase in the quarterly dividend," said Penske Automotive Group President Robert H. Kurnick, Jr. "This dividend increase reflects the Company's continued balanced approach to capital allocation, including dividends, share repurchases, and strategic acquisitions." About Penske Automotive Penske Automotive Group, Inc., (NYSE: PAG) headquartered in Bloomfield Hills, Michigan, is a diversified international transportation services company and one of the world's premier automotive and commercial truck retailers. PAG operates dealerships in the United States, the United Kingdom, Canada, Germany, Italy, Japan, and Australia and is one of the largest retailers of commercial trucks in North America for Freightliner. PAG also distributes and retails commercial vehicles, diesel and gas engines, power systems, and related parts and services principally in Australia and New Zealand. PAG employs over 28,800 people worldwide. Additionally, PAG owns 28.9% of Penske Transportation Solutions ("PTS"), a business that employs nearly 41,000 people worldwide, manages one of the largest, most comprehensive and modern trucking fleets in North America with over 387,500 trucks, tractors, and trailers under lease, rental, and/or maintenance contracts and provides innovative transportation, supply chain, and technology solutions to its customers. PAG is a member of the S&P Mid Cap 400, Fortune 500, Russell 1000, and Russell 3000 indexes. For additional information, visit the Company's website at www.penskeautomotive.com. Caution Concerning Forward Looking Statements Statements in this press release may involve forward-looking statements, including forward-looking statements regarding Penske Automotive Group, Inc.'s financial performance, expectations, and future plans. Actual results may vary ma...

AutoNation, Inc. AN reported first-quarter 2026 adjusted earnings of $4.69 per share, which missed the Zacks Consensus Estimate of $4.71 by 0.43%. Revenues amounted to $6.55 billion, which missed the Zacks Consensus Estimate of $6.66 billion by 1.6%. The top line declined from $6.69 billion reported in the first quarter of 2025. The results showed a familiar pattern: strong performance in higher-margin businesses was offset by weaker sales volumes and higher costs. Adjusted free cash flow was $255.6 million, with a solid 155% conversion of adjusted net income. AutoNation, Inc. price-consensus-eps-surprise-chart | AutoNation, Inc. Quote AN’s consolidated revenues declined as new-vehicle sales softened. New-vehicle revenues fell to $3.01 billion from $3.25 billion a year ago, mainly due to fewer cars being sold and a lower contribution from this segment. New vehicle retail units sold dropped 7.9% year over year to 57,482 units. The average selling price (ASP) per new vehicle unit retailed was $52,382. Gross profit from the segment was $144.5 million, which declined 17.4% year over year. Gross profit per new vehicle retailed slid to $2,514, indicating profitability pressures in the new-vehicle channel versus the year-ago period. AN’s used-vehicle results were more stable than new vehicles, helped by pricing and mix. Retail used-vehicle revenues increased 1.5% year over year to $1.82 billion, while used vehicle retail units sold declined 3.2% to 65,818 units. ASP per used vehicle unit retailed totaled $27,646. Gross profit from the segment was $104.9 million. Gross profit per used vehicle retailed totaled $1,594. Revenues from wholesale used vehicles were up 10.7% to $144.2 million. Gross profit rose to $16.5 million from $11.5 million reported a year ago. Finance and insurance remained a steady earnings contributor. Finance and insurance, net revenues were essentially flat at $352 million, and gross profit from the segment was $352 million. Gross profit per unit in this category improved to $2,855. Combined with used-vehicle dynamics, these steadier lines continued to support gross profit durability even as total retail units fell. AutoNation’s parts and service operation delivered the clearest growth signal in the quarter. Parts and service revenues increased 4.9% year over year to $1.22 billion, supported by continued demand for maintenance and repair work. P...

Penske reported Q1 revenue of $7.9 billion and net income of $235 million with EPS of $3.56 (adjusted EPS $3.05 after a $60 million dealership-sale gain and other charges), generated $215 million of operating cash flow, repurchased 170,000 shares for $26 million, and raised the quarterly dividend to $1.40 (21st consecutive increase). Retail new-vehicle units were down 5% (used +1%) and BEV sales plunged 61% Commercial truck volumes were weak in Q1, but management pointed to a recovery with Class 8 orders up 91% and backlog +33% signaling stronger deliveries in H2 2026, while PTS equity income rose 24% amid higher utilization and a smaller fleet. Interested in Penske Automotive Group, Inc.? Here are five stocks we like better. 3 Stocks Generating a Ridiculous Amount of Cash Penske Automotive Group (NYSE:PAG) reported what Chairman and CEO Roger Penske called a “solid and productive” first quarter of 2026, as the dealership group navigated difficult year-over-year comparisons and weather-related disruption while posting record first-quarter service and parts performance. Penske said the company delivered more than 123,000 new and used vehicles and nearly 3,600 new and used commercial trucks during the quarter, generating about $7.9 billion in revenue. The company reported $324 million in earnings before taxes and $235 million in net income, with earnings per share of $3.56. → Meta Posted Its Best Sales Growth Since 2021—So Why Did Shares Fall? Why Analysts Love These 2 Car Sales Platforms, And Avoid Dealers Results included a $60 million gain on the sale of a dealership, partially offset by $13 million in disposals and other charges tied to portfolio optimization. Excluding those items, Penske said adjusted earnings before taxes were $276 million, adjusted net income was $201 million, and adjusted EPS was $3.05. On a same-store basis, Penske said retail automotive new units declined 5% while used units increased 1%. Penske attributed results to “weather-related challenges” and a difficult comparison to March 2025, when “tariffs caused pull-ahead sales,” as well as lower battery-electric vehicle (BEV) sales tied to the elimination of a BEV tax credit in the U.S. → Verizon’s Signal Strength: The Turnaround Call Is Loud and Clear COO of North American Operations Rich Shearing provided additional detail, saying two major winter storms led to delayed openings and c...

Sonic Automotive, Inc. SAH posted first-quarter 2026 adjusted earnings per share of $1.62, which increased 9.5% year over year and beat the Zacks Consensus Estimate of $1.46 by 11.34%. Total revenues rose 1.02% year over year to $3.69 billion but missed the Zacks Consensus Estimate of $3.74 billion by 1.41%. Results reflected solid profitability even though demand was uneven across parts of the vehicle market. Strong performance in higher-margin areas helped balance the weaker spots. In particular, same-store finance and insurance profit per vehicle at franchised dealerships rose 6% year over year to $2,594. On a consolidated basis, SAH’s revenue mix was uneven across categories. New-vehicle revenues totaled $1.63 billion, down 3% year over year, while used-vehicle revenues increased 4% to $1.27 billion. The higher-growth areas were Service and F&I businesses. Revenues from parts, service and collision repair increased 9% to $516.6 million, while finance, insurance and other income rose 6% to $202.4 million. These areas helped support overall revenue growth even as new-vehicle sales remained weak. Sonic’s Franchised Dealerships segment produced revenues of $3.07 billion, essentially flat year over year. Within the segment, parts, service and collision repair revenues climbed 9% to $509.3 million, while finance, insurance and other revenues improved 7% to $139.3 million. Same-store revenues declined 4% year over year to $2.91 billion, with same-store retail new vehicle unit volume down 10% to 24,725 and same-store retail used vehicle unit volume up 3% to 25,636. Same-store fixed operations gross profit increased 5% to $247.1 million, and the same-store fixed operations gross profit margin improved 40 basis points to 51.1%, supporting profitability even as new-vehicle trends softened. SAH’s EchoPark segment remained a bright spot. Segment revenues increased 4% year over year to $580.5 million, and total gross profit grew 6% to $67.9 million, supported by higher finance and insurance contribution alongside modest vehicle gross profit improvement. Profitability improved significantly compared to the previous year. EchoPark reported segment income of $16.2 million versus $10.3 million in the prior-year quarter, while adjusted segment income rose to $12.6 million from $10.1 million. Adjusted EBITDA improved to $18.6 million compared with $15.8 million a year ago....

Penske Automotive Group, Inc. PAG reported first-quarter 2026 adjusted earnings of $3.05 per share, which declined 15.0% year over year but topped the Zacks Consensus Estimate of $2.91 by 4.8%. Total revenues of $7.86 billion dipped 1.1% from the year-ago quarter and missed the consensus mark of $7.95 billion by 1.1%. Despite softer revenues versus expectations, Penske’s Retail Automotive service and parts revenues rose 4.6% to $863.9 million, helping cushion a tougher comparison and challenging market conditions. Penske currently carries a Zacks Rank #4 (Sell). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here. Penske Automotive Group, Inc. price-consensus-eps-surprise-chart | Penske Automotive Group, Inc. Quote In Retail Automotive, total new units delivered fell 9.9% year over year to 50,036, while used units slipped 0.6% to 60,126. Total retail units declined 5% to 110,162, reflecting a tougher demand backdrop in key markets. Management cited U.S. weather-related disruptions early in the quarter, prior-year tariff-related pull-forward of retail sales, and softer U.S. electric-vehicle demand tied to regulatory easing and the expiration of tax credits as primary drags on new-vehicle volume. Even with lower new-vehicle volumes, the company posted higher used-vehicle revenues, which increased 7.3% year over year to $2.43 billion. New-vehicle revenues decreased 5.2% to $3.08 billion, while finance and insurance revenues were modestly lower at $202.3 million. On profitability per unit, retail automotive gross profit per new vehicle (excluding agency) was $4,783, down 4.6% from the year-ago level, and used-vehicle gross profit per unit was $2,076, down 2.0%. Notably, agency units rose 21.8% to 13,011, and agency gross profit per unit improved 7.1% to $2,805, adding a steadier profit stream alongside traditional retail sales. Retail Commercial Truck results were pressured by lower deliveries, with total new and used units down 24% year over year to 3,583. Segment revenues decreased 15.7% to $694.6 million, and earnings before taxes fell to $36.4 million from $45.1 million a year ago. Within the segment, service and parts provided relative stability. Service and parts revenues increased 4.6% to $232.2 million, and the segment’s total gross margin improved 140 basis points to 18.5%, even as gross profit per unit for new and used vehic...

Performance was impacted by difficult year-over-year comparisons, including 2025 pull-ahead sales driven by tariff announcements and the expiration of BEV tax credits. Management is actively optimizing the dealership portfolio, divesting low-performing locations to generate approximately $325 million to $350 million in free cash flow for reinvestment into high-growth markets like Central Florida. The Retail Commercial Truck segment faced headwinds from a recessionary freight environment and regulatory uncertainty, leading to a decline in unit sales during the first quarter. Service and parts achieved record Q1 results, driven by a strategic focus on customer-pay work and high bay utilization, which reached 84% in the U.S. automotive segment. Penske Transportation Solutions (PTS) improved profitability despite lower revenue by rightsizing its fleet from 435,000 to 387,500 units, significantly reducing maintenance and interest expenses. The Australian business is successfully diversifying into off-highway sectors, including mining and defense, with a secured order book exceeding the full-year business plan. Management expects a significant recovery in the commercial truck market in the second half of 2026, supported by a 91% increase in Class 8 orders and a 33% growth in industry backlog. The company anticipates a $100 million reduction in CapEx for the year by focusing on high-return locations and pushing back against excessive OEM showroom requirements. Strategic expansion into Chinese OEM brands in the U.K. and Germany is being executed via a "walk before run" approach, utilizing existing facilities to minimize fixed costs. The Energy Solutions business in Australia is projected to generate at least AUD 1 billion in revenue by 2030, driven by data center backup power and prime power mining contracts. Guidance assumes continued tight supply from Toyota and Lexus, with management prioritizing these brands due to their industry-low day supply and high sales velocity. Q1 results included a $60 million gain from a dealership sale, partially offset by $13 million in disposal charges related to portfolio optimization. Severe winter storms in January and February resulted in an estimated $6 million negative impact on total earnings due to lost service business and snow removal costs. The elimination of the BEV tax credit and easing emissions regulations led to a 61...

Shares of Werner Enterprises and Landstar Systems rallied Wednesday after Q1 results strengthened a bull-rush among trucking stocks. It is up 37% year to date, despite surging fuel costs. Werner shares rose more than 5% in heavy trading and grazed a buy point at 38.45, according to IBD MarketSurge pattern recognition.

Image source: The Motley Fool. Wednesday, Apr. 29, 2026 at 2 p.m. ET Chair and Chief Executive Officer — Roger S. Penske Executive Vice President and Chief Financial Officer — Shelley Hulgrave Executive Vice President, North American Operations — Richard P. Shearing Executive Vice President, International Operations — Randall Seymore Vice President and Corporate Controller — Tony Piccione Executive Vice President, Investor Relations — Anthony R. Pordon Anthony R. Pordon: Thank you, Krista. Good afternoon, everyone, and thank you for joining us today. A press release detailing Penske Automotive Group, Inc.’s first quarter 2026 financial results was issued this morning and is posted on our website along with a presentation designed to assist you in understanding the company’s results. As always, I am available by email or phone for any follow-up questions you may have. Joining me for today’s call is Roger S. Penske, our Chair and CEO; Shelley Hulgrave, our EVP and Chief Financial Officer; Richard P. Shearing from North American operations; Randall Seymore of international operations; and Tony Piccione, our Vice President and Corporate Controller. We may make forward-looking statements on today’s call about our earnings potential, outlook, and other future events, and we also may discuss certain non-GAAP financial measures such as EBITDA and adjusted EBITDA. We have prominently presented and reconciled any non-GAAP measures to the most directly comparable GAAP measures in this morning’s press release and investor presentation, both of which are available on our website. Our future results may vary from our expectations because of risks and uncertainties outlined in today’s press release under forward-looking statements. I direct you to our SEC filings, including our Form 10-Ks and previously filed Form 10-Qs, for additional discussion of factors that could cause future results to differ materially from expectations. At this time, I will turn the call over to Roger S. Penske. Roger S. Penske: Thank you, Tony. Good afternoon, everyone, and thank you for joining us today. We are pleased to report a solid and productive first quarter. During the first quarter, Penske Automotive Group, Inc. delivered over 123,000 new and used vehicles and nearly 3,600 new and used commercial trucks, generating approximately $7.9 billion in revenue. We earned $324 million in earnings...

This article first appeared on GuruFocus. Revenue: $7.9 billion. Earnings Before Taxes: $324 million. Net Income: $235 million. Earnings Per Share (EPS): $3.56. Adjusted Earnings Before Taxes: $276 million. Adjusted Net Income: $201 million. Adjusted EPS: $3.05. Same-Store New Units: Declined 5%. Same-Store Used Units: Increased 1%. Gross Profit Per New Unit: $4,783. Gross Profit Per Used Unit: $2,076. Service and Parts Revenue: Record Q1 performance, same-store revenue increased 4.6%. Service and Parts Gross Margin: Increased 60 basis points. Retail Commercial Truck Unit Sales: Declined by 953 units. PTS Equity Income: Increased 24% to $41 million. International Revenue: $3.3 billion, up 6%. International New Units: Increased 2%. International Used Units: Increased 3%. SG&A Expenses: Increased by 1.5%. Cash Flow from Operations: $215 million. EBITDA: $397 million. Capital Expenditures: $63 million. Dividend: Increased to $1.40 per share, yield approximately 3.4%. Share Repurchase: 170,000 shares for $26 million. Non-Vehicle Long-Term Debt: $2.6 billion. Inventory: $4.9 billion, up $77 million from December 2025. New Vehicle Inventory Supply: 44 days. Used Vehicle Inventory Supply: 39 days. Cash and Liquidity: $84 million in cash and $1.2 billion in liquidity. Warning! GuruFocus has detected 3 Warning Sign with PAG. High Yield Dividend Stocks in Gurus' Portfolio This Powerful Chart Made Peter Lynch 29% A Year For 13 Years How to calculate the intrinsic value of a stock? Is PAG fairly valued? Test your thesis with our free DCF calculator. Release Date: April 29, 2026 For the complete transcript of the earnings call, please refer to the full earnings call transcript. Penske Automotive Group Inc (NYSE:PAG) reported a solid first quarter with $7.9 billion in revenue and $235 million in net income. The company acquired two high-performing Lexus dealerships in Central Florida, expected to generate $2 billion in annualized revenue. Service and parts revenue and gross profit reached a Q1 record, with same-store revenue increasing by 4.6%. Penske Automotive Group Inc (NYSE:PAG) increased its dividend to $1.40, yielding approximately 3.4%, the highest in its peer group. Penske Transportation Solutions (PTS) equity income increased by 24%, driven by improved fleet utilization and lower operating expenses. Same-store retail automotive new units declined by 5%, impacted...

Penske Automotive (PAG) came out with quarterly earnings of $3.05 per share, beating the Zacks Consensus Estimate of $2.91 per share. This compares to earnings of $3.39 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of +4.81%. A quarter ago, it was expected that this auto dealership chain would post earnings of $3.19 per share when it actually produced earnings of $2.91, delivering a surprise of -8.78%. Over the last four quarters, the company has surpassed consensus EPS estimates two times. Penske, which belongs to the Zacks Automotive - Retail and Whole Sales industry, posted revenues of $7.86 billion for the quarter ended March 2026, missing the Zacks Consensus Estimate by 1.12%. This compares to year-ago revenues of $7.6 billion. The company has topped consensus revenue estimates just once over the last four quarters. The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call. Penske shares have added about 2.1% since the beginning of the year versus the S&P 500's gain of 4.3%. While Penske has underperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock? There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately. Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions. Ahead of this earnings release, the estimate revisions trend for Penske was unfavorable. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #4 (Sell) for the stock. So, the shares are expected to underperform the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy...

The first-quarter reporting season for the Auto-Tires-Trucks space has kicked off, with a mixed start. So far, four S&P 500 players—Tesla, Genuine Parts, General Motors and PACCAR—have announced results. Tesla, General Motors and PACCAR managed to top earnings expectations, while Genuine Parts fell short. According to the April 22 Earnings Trends report, the broader auto sector is still expected to deliver solid growth. First-quarter 2025 earnings are projected to rise 10.9% year over year, with revenues likely to increase 3.4%. Many key auto players are scheduled to report their first-quarter 2026 results tomorrow. These include O’Reilly Automotive ORLY, Ford F, Lithia Motors LAD, Penske Automotive PAG and Carvana CVNA. Before we discuss how these companies are expected to fare this time, let’s take a look at the broader factors shaping the quarterly performance of the auto sector. The U.S. auto market lost some momentum in the first quarter of 2026, though the slowdown isn’t entirely surprising. A key factor has been tough comparisons with last year, when demand was temporarily boosted by buyers rushing purchases ahead of tariff hikes. That pull-forward effect has naturally weighed on current volumes. Affordability continues to be a major constraint. Elevated vehicle prices combined with high interest rates have discouraged many potential buyers, leading to weaker retail demand. On top of that, severe winter conditions and higher fuel costs added to consumer caution. Data from GlobalData shows retail vehicle sales fell 16% last month, while fleet demand proved relatively resilient, slipping just over 2%. Although the seasonally adjusted annual rate (SAAR) improved slightly from February levels, it still trailed last year’s pace. According to Cox Automotive, SAAR for the quarter came in at roughly 15.5 million units, down from about 16 million a year earlier. In short, the industry entered the year at a more moderate pace. High costs, lingering supply constraints and a normalization from last year’s demand surge have created a more challenging operating environment for automakers in the first quarter. Our proprietary model indicates that a company needs to have the right combination of two key ingredients — a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) — to increase the odds of an earnings beat. You can uncover the best stock...