PAG Penske Automotive Group (PAG) Q2 FY26 earnings call
Penske Automotive Group delivered a solid second quarter, driven by strong new and used vehicle sales and a recovering commercial truck market. The company continues to execute its diversification strategy through strategic acquisitions and disciplined capital allocation, including debt reduction and consistent dividend increases. Management remains optimistic about future growth, particularly in the commercial truck segment and international power systems.
You’re reading a preview. Opening the full call uses 1 concall credit.
Sign in to use your monthly call allowance.
PAG operating KPIs by quarter
| KPI | Mar 2026 Q1 FY26 | This call 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.