Jun 2026 (Q2 FY26) — Jul 29, 2026
Penske Automotive Group Q2 FY26 — Strong Q2 with Commercial Truck Recovery and Strategic Acquisitions
Read the full callPenske Automotive Group (PAG) earnings
- Jun 2026
- Jun 2026 (Q2 FY26)
- Dec 2025
Penske Automotive Group earnings: last reported Wed, 29 Jul 2026, for the quarter ended Jun 2026.
Reported
The figures, each with its period
Each figure keeps its basis and period; nothing is filled in.
| Metric | Value | Change | Basis | Period | Note |
|---|---|---|---|---|---|
| Revenue | 8,513 | +6.0% YoY | Quarterly, as filed | Quarter to Jun 2026 | Revenue from operations as filed. |
| Operating margin | 4.0 | −0.6 pts YoY | Operating profit / revenue | Quarter to Jun 2026 | For the quarter; a change is in percentage points. |
| Net profit | 260 | −2.3% YoY | Quarterly, as filed | Quarter to Jun 2026 | Profit after tax as filed. |
Price
$212 −0.20% · −$0.42
Performance +25.0% 1Y
1Y: $169.57 on 17 Oct 2025 → $212. High $223.44 (29 Jul 2026), low $140.6 (20 Mar 2026).
- Previous close
- $212.42
- 52-week range
- $140.6 – $223.44
- One year
- +25.11%
Overview
- Symbol
- PAG
- Sector
- Consumer Discretionary
- Exchange
- US
- Currency
- USD
Call summaries
Mar 2026 (Q1 FY26) — Apr 29, 2026
Penske Automotive Group Q1 FY26 — Solid Quarter Driven by Acquisitions and Service Growth
Read the full callEvery analysed call
Penske Automotive Group earnings calls (PAG)
Financials
What the filings say
Net profit, year on year: −2% (quarter to jun 2026 against jun 2025).
| Line item | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Sales | 7,930 | 8,078 | 7,954 | 8,033 | 8,053 | 7,769 | 7,864 | 8,513 |
| Operating profit | 317 | 334 | 329 | 365 | 299 | 318 | 289 | 338 |
| Operating margin | 4.0% | 4.1% | 4.1% | 4.5% | 3.7% | 4.1% | 3.7% | 4.0% |
| Profit before tax | 304 | 315 | 351 | 354 | 292 | 298 | 324 | 354 |
| Tax rate | 25.4% | 24.7% | 26.3% | 24.3% | 26.9% | 23.2% | 27.4% | 26.2% |
| Net profit | 238 | 249 | 258 | 267 | 225 | 186 | 235 | 260 |
| EPS ($ per share) | 3.39 | — | 3.86 | 4.03 | 3.41 | 2.83 | 3.56 | 3.96 |
| Line item | Dec 2018 | Dec 2019 | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|---|---|---|
| Equity capital | — | — | 0 | 0 | 0 | 0 | 0 | 0 |
| Reserves | 2,366 | 2,676 | 3,151 | 4,197 | 4,483 | 4,990 | 5,756 | 5,750 |
| Total liabilities | 8,270 | 11,131 | 9,921 | 9,370 | 9,940 | 10,916 | 11,702 | 12,017 |
| Fixed assets | 2,250 | 2,366 | 2,404 | 2,442 | 2,497 | 2,765 | 3,038 | 3,225 |
| Total assets | 10,905 | 13,943 | 13,247 | 13,465 | 14,115 | 15,672 | 17,121 | 17,598 |
| Line item | Dec 2018 | Dec 2019 | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|---|---|---|
| Cash from operations | 614 | 518 | 1,202 | 1,292 | 1,459 | 1,145 | 1,231 | 975 |
| Cash from investing | — | -533 | -136 | -623 | -642 | -583 | -1,046 | -175 |
| Cash from financing | — | 3 | -1,054 | -615 | -798 | -572 | -202 | -825 |
| Net cash flow | -6 | -11 | 21 | 51 | 6 | -10 | -19 | -19 |
| Capital expenditure | -306 | -245 | -186 | -249 | -282 | -386 | -378 | -325 |
| Free cash flow | 309 | 273 | 1,016 | 1,043 | 1,177 | 759 | 853 | 651 |
PAG revenue by segment
| Segment | Q3 FY2024 | Q4 FY2024 | Q1 FY2025 | Q2 FY2025 | Q3 FY2025 | Q4 FY2025 | Q1 FY2026 | Q2 FY2026 | YoY growth latest quarter |
|---|---|---|---|---|---|---|---|---|---|
| Retail Automotive Dealership | 84% | 87% | 86% | 85% | 85% | 88% | 89% | 86% | +12.0% |
| Retail Commercial Truck Dealership | 14% | 10% | 11% | 12% | 12% | 8% | 9% | 11% | -1.7% |
| All Other Segments | 2% | 3% | 3% | 3% | 3% | 3% | 3% | 3% | +41.1% |
| Commercial Vehicle Distribution and Other | 2% | 3% | 3% | 3% | 3% | 3% | 3% | 3% | +41.1% |
| Non Automotive Investments | 0% | — | — | — | — | — | — | 0% | — |
Share of consolidated revenue by quarter. Q4 is the fiscal year less its first three quarters.
See how segments are shifting across companies → Segment Shift
PAG operating KPIs by quarter
| KPI | 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.
Revenue by region
Q2 FY2026 · share of revenue
- US 51% ↑ 4 pt
- GB 26% ↓ 4 pt
- Germany Italy and Japan 8% ↑ 2 pt
As PAG cuts its regions in its filings; they can nest, so they need not add to 100%.
Insider filings
20 filings between Nov 21, 2025 and Jun 2, 2026.
Open market
decisions to buy or sellPurchases
None
No insider bought shares.
Sales
$832.2K
3 sales by 2 insiders
Compensation
not trading decisions- 11
- Award — granted as compensation
- 5
- Tax withheld — shares kept back by the company to cover tax
Also filed: 1 gift.
Who traded
open market only| Insider | Bought | Sold | Last filing |
|---|---|---|---|
| Hulgrave Michelle | — | $594.0K | Jun 2, 2026 |
| SMITH GREG C | — | $238.1K | May 18, 2026 |
Latest filings (50)
| Date | Insider | What | Shares | Value |
|---|---|---|---|---|
| Jun 2, 2026 | Hulgrave Michelle EVP & CFO | Sale | 1,500 | $257.7K |
| Jun 1, 2026 | Hulgrave Michelle EVP & CFO | Tax withheld | 2,718 | $463.3K |
| Jun 1, 2026 | Denker Claude H III EVP - Human Resources | Tax withheld | 2,977 | $507.4K |
| Jun 1, 2026 | Spradlin Shane M. EVP, Gen. Counsel & Sec. | Tax withheld | 3,181 | $542.2K |
| Jun 1, 2026 | KURNICK ROBERT H JR President | Tax withheld | 5,552 | $946.3K |
| Jun 1, 2026 | PENSKE ROGER S Chair & CEO | Tax withheld | 27,598 | $4.70M |
| May 18, 2026 | SMITH GREG C Director | Sale | 1,488 | $238.1K |
| Feb 25, 2026 | Hulgrave Michelle EVP & CFO | Award | 4,992 | — |
| Feb 25, 2026 | PENSKE ROGER S Chair & CEO | Award | 39,935 | — |
| Feb 25, 2026 | KURNICK ROBERT H JR President | Award | 9,984 | — |
| Feb 25, 2026 | Denker Claude H III EVP - Human Resources | Award | 4,992 | — |
| Feb 25, 2026 | Spradlin Shane M. EVP, Gen. Counsel & Sec. | Award | 4,992 | — |
| Dec 16, 2025 | THOMPSON H BRIAN Director | Award | 1,801 | $0 |
| Dec 16, 2025 | PENSKE GREGORY W Vice Chair | Award | 1,364 | $0 |
| Dec 16, 2025 | SMITH GREG C Director | Award | 1,488 | $0 |
| Dec 16, 2025 | Davis Lisa Ann Director | Award | 1,488 | $0 |
| Dec 16, 2025 | Pierce Sandra E. Director | Award | 1,488 | $0 |
| Dec 16, 2025 | EISENSON MICHAEL R Director | Award | 1,488 | $0 |
| Nov 24, 2025 | Hulgrave Michelle EVP & CFO | Sale | 2,100 | $336.4K |
| Nov 21, 2025 | KURNICK ROBERT H JR President | Gift | 943 | $0 |
| Aug 29, 2025 | Pierce Sandra E. Director | Sale | 1,604 | $300.0K |
| Aug 19, 2025 | Hulgrave Michelle EVP & CFO | Sale | 1,100 | $200.8K |
| Aug 18, 2025 | Davis Lisa Ann Director | Sale | 1,604 | $289.9K |
| Aug 13, 2025 | Spradlin Shane M. EVP, Gen. Counsel & Sec. | Sale | 3,000 | $552.9K |
| Jun 9, 2025 | Spradlin Shane M. EVP, Gen. Counsel & Sec. | Sale | 3,158 | $527.7K |
| Jun 3, 2025 | SMITH GREG C Director | Sale | 1,529 | $247.1K |
| Jun 3, 2025 | PENSKE ROGER S Chair & CEO | Sale | 77,357 | $12.48M |
| Jun 2, 2025 | PENSKE ROGER S Chair & CEO | Sale | 20,100 | $3.21M |
| Jun 2, 2025 | KURNICK ROBERT H JR President | Sale | 11,357 | $1.82M |
| Jun 2, 2025 | Hulgrave Michelle EVP & CFO | Sale | 1,500 | $244.6K |
| Jun 1, 2025 | Denker Claude H III EVP - Human Resources | Tax withheld | 4,539 | $745.2K |
| Jun 1, 2025 | Spradlin Shane M. EVP, Gen. Counsel & Sec. | Tax withheld | 4,852 | $796.6K |
| Jun 1, 2025 | Hulgrave Michelle EVP & CFO | Tax withheld | 2,042 | $335.3K |
| Jun 1, 2025 | KURNICK ROBERT H JR President | Tax withheld | 8,781 | $1.44M |
| Jun 1, 2025 | PENSKE ROGER S Chair & CEO | Tax withheld | 44,179 | $7.25M |
| Mar 13, 2025 | BARR JOHN Director | Sale | 1,529 | $237.7K |
| Feb 19, 2025 | Hulgrave Michelle EVP & CFO | Award | 4,295 | — |
| Feb 19, 2025 | PENSKE ROGER S Chair & CEO | Award | 34,361 | — |
| Feb 19, 2025 | Denker Claude H III EVP - Human Resources | Award | 4,295 | — |
| Feb 19, 2025 | KURNICK ROBERT H JR President | Award | 8,590 | — |
| Feb 19, 2025 | Spradlin Shane M. EVP, Gen. Counsel & Sec. | Award | 4,295 | — |
| Feb 14, 2025 | KURNICK ROBERT H JR President | Gift | 1,440 | $0 |
| Feb 14, 2025 | Denker Claude H III EVP - Human Resources | Sale | 8,746 | $1.51M |
| Dec 11, 2024 | BARR JOHN Director | Award | 1,529 | $0 |
| Dec 11, 2024 | EISENSON MICHAEL R Director | Award | 1,529 | $0 |
| Dec 11, 2024 | PENSKE GREGORY W Director | Award | 2,324 | $0 |
| Dec 11, 2024 | Pierce Sandra E. Director | Award | 1,529 | $0 |
| Dec 11, 2024 | STEINHART RONALD G Director | Award | 1,529 | $0 |
| Dec 11, 2024 | SMITH GREG C Director | Award | 1,529 | $0 |
| Dec 11, 2024 | THOMPSON H BRIAN Director | Award | 1,850 | $0 |
Source: SEC Form 4 filings. Form 4 reports transactions, not the cap table — absence of filings says nothing about how much an insider owns, and a quiet window is not a signal.
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