Earnings Releases·Oct 28, 2026, 9:04 AM ET

Penske Automotive Group — Q3 2026 Earnings Summary

Total revenue rose 5% to $8.4 billion for the quarter, while net income and EPS declined 1.8% and 1.5% respectively to $220.8 million and $3.36; EBITDA and adjusted EBITDA grew 2.3% and 6.0% for the quarter, though gross margin contracted 40 basis points to 15.7%.
The Company entered a definitive merger agreement to be taken private by Motown Acquisition Corp. for $212.00 per share in cash, with an enterprise value of approximately $16.3 billion, expected to close in Q1 2027.
Due to the pending transaction, the Board approved a 1.4% dividend increase to $1.46 per share but suspended all future share repurchases until the merger closes, restricting the remaining $221.2 million authorization.
Operational highlights include a 2% increase in used vehicle unit deliveries and a 32.7% surge in commercial truck unit sales, while new vehicle unit volume declined 2% and days' supply remained stable at 49 days for new vehicles.
Liquidity stood at approximately $1.6 billion as of September 30, 2026, with a leverage ratio of 1.6x, though results included $6.3 million in transaction-related costs and no earnings conference call will be held.