PAG Penske Automotive Group (PAG) Q1 FY26 earnings call
Penske Automotive Group delivered a solid first quarter, buoyed by strategic acquisitions and robust performance in its service and parts segment. Despite headwinds from weather and a challenging retail automotive market, the company's diversification strategy, including a recovering commercial truck market and strong PTS results, positions it for continued growth. Management remains optimistic, focusing on portfolio optimization and capital allocation discipline.
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PAG operating KPIs by quarter
| KPI | This call Mar 2026 Q1 FY26 | Jun 2026 Q2 FY26 | Change vs prior quarter |
|---|---|---|---|
| Vehicles delivered | 123K+During the first quarter, PAG delivered over 123,000 new and used vehicles and nearly 3,600 new and used commercial trucks and that generated approximately $7.9 billion in revenue.Source: earnings call transcript | 125KDuring the quarter, PAG delivered 125,000 new and used vehicles and more than 5,400 new and used commercial trucks.Source: earnings call transcript | — |
| Commercial trucks delivered | <3,600During the first quarter, PAG delivered over 123,000 new and used vehicles and nearly 3,600 new and used commercial trucks and that generated approximately $7.9 billion in revenue.Source: earnings call transcript | 5,400+During the quarter, PAG delivered 125,000 new and used vehicles and more than 5,400 new and used commercial trucks.Source: earnings call transcript | — |
| Bay utilization rate US Retail Automotive | 84%Our US automotive technician count is up 3% when compared to the end of March of last year, and our Bay utilization is 84%.Source: earnings call transcript | ~84%Our US automotive technician count is up 2% when compared to the end of June of last year, and our bay utilization is approximately 84%.Source: earnings call transcript | — |
| Commercial trucks delivered Premier Truck Group | 3,583During Q1, Premier Truck Retail 3,583 new and used trucks, generated $695 million in revenue and $128 million in gross profit.Source: earnings call transcript | 5,431During Q2, Premier Truck retailed 5,431 new and used trucks.Source: earnings call transcript | +51.6% |
| Units sold Penske Transportation Solutions | 9,319PTS sold 9,319 units in Q1, ending the quarter with a fleet size of 387,500 units compared to 435,000 at the end of December 2024.Source: earnings call transcript | 9,170PTS sold 9,170 units in Q2, ending the quarter with a fleet size of just under 380,000 compared to 414,000 at the end of June '25.Source: earnings call transcript | -1.6% |
| Fleet size Penske Transportation Solutions | 387.5KPTS sold 9,319 units in Q1, ending the quarter with a fleet size of 387,500 units compared to 435,000 at the end of December 2024.Source: earnings call transcript | <380KPTS sold 9,170 units in Q2, ending the quarter with a fleet size of just under 380,000 compared to 414,000 at the end of June '25.Source: earnings call transcript | — |
| Days of supply New Vehicle | 44New vehicle inventory is at a 44-day supply, including 46 days for premium and 29 days for volume foreign.Source: earnings call transcript | 51New vehicle inventory is at a 51 day supply, including 58 days for premium and 28 days for volume foreign.Source: earnings call transcript | +15.9% |
| Days of supply Used Vehicle | 39Used vehicle inventories at a 39-day supply with the US at 33 days and the UK at 42 days.Source: earnings call transcript | 44Used vehicle inventory is at a 44 day supply.Source: earnings call transcript | +12.8% |
Operating figures the company stated on at least two of the calls shown, checked against each call's transcript. Click a figure to read the sentence. A dash means it was not stated that quarter.
Inve summary of the company's earnings call; see how call summaries are prepared. Not investment advice.