Penske Automotive Group — Q3 2026 Earnings Summary

Penske Automotive Group reported third-quarter 2026 revenue of $8.4 billion, a 5% increase from the prior year, with net income of $221 million and earnings per share of $3.36. The company announced a proposed merger agreement to be taken private by Motown Acquisition Corp., an entity owned by Penske Corporation and Mitsui & Co., offering $212.00 per share in cash. Retail automotive revenue rose 1% to $7.0 billion, while retail commercial truck dealerships generated $1.1 billion in revenue and $59.6 million in income before taxes. The company also recorded $68.5 million in earnings from its 28.9% equity interest in Penske Transportation Solutions and maintained a leverage ratio of 1.6x as of September 30, 2026.