---
schema_version: "secwatch.filing_event.v1"
accession: "0001019849-23-000019"
form_type: "8-K"
ticker: "PAG"
cik: "0001019849"
company_name: "PENSKE AUTOMOTIVE GROUP, INC."
filed_at: "2023-02-08T23:59:59+00:00"
generated_at: "2026-06-19T21:20:37.828122+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# Penske Automotive posts record Q4 revenue $7.0B, EPS $4.21; FY EPS $18.55

## Summary
- Q4 revenue $7.0B (+11% YoY); EPS $4.21 (+6% YoY).
- Full year revenue $27.8B (+9%); income from cont. ops $1.38B (+16%); EPS $18.55 (+25%).
- Board increased quarterly dividend 7% to $0.61 per share.
- Repurchased 8.2M shares for $886.5M in 2022; additional 0.6M shares in Jan-Feb 2023 for $70.7M.
- PTS partnership amended: advisory board expanded to 11 members; Penske retains 28.9% ownership.

## SEC filing metadata
- accession: 0001019849-23-000019
- form_type: 8-K
- ticker: PAG
- cik: 0001019849
- company_name: PENSKE AUTOMOTIVE GROUP, INC.
- filed_at: 2023-02-08T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 1.01, 2.02, 7.01, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1019849/000101984923000019/0001019849-23-000019-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1019849/000101984923000019/pag-20230206.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001019849-23-000019
- JSON: https://secwatch.observer/filing/0001019849-23-000019.json
- Plain text: https://secwatch.observer/filing/0001019849-23-000019.txt

## Key facts
- Earnings Releases
  PENSKE AUTOMOTIVE GROUP, INC. reported the fourth quarter and full year 2022 results: revenue $27.8 billion, net income $1,380.0 million, EPS $18.55.
  - Period: the fourth quarter and full year 2022
  - Revenue: $27.8 billion
  - Net income: $1,380.0 million
  - EPS: $18.55
  - Result: reported results
  source text: 6% to $4.21 Full Year 2022 Record Results for Revenue, Earnings Before Taxes, Income From Continuing Operations, and Earnings Per Share Full Year 2022 Revenue Increased 9% to $27.8 Billion; Earnings Before Taxes Increased 16% to $1.9 Billion Full Year 2022 Income From Continuing Operations Increased 16% to $1.4 Billion Full Year 2022 Earnings Per Share Increased
  evidence_url: https://www.sec.gov/Archives/edgar/data/1019849/000101984923000019/0001019849-23-000019-index.htm
- Material Agreements
  PENSKE AUTOMOTIVE GROUP, INC. amended Amendment No. 1 to PTS Partnership Agreement with Penske Truck Leasing Corporation, PTL GP, LLC and MBK USA Commercial Vehicles Inc. (Mitsui MBK) (effective 2023-02-06).
  - Action: amendment
  - Agreement: collaboration
  - Counterparty: Penske Truck Leasing Corporation, PTL GP, LLC and MBK USA Commercial Vehicles Inc. (Mitsui MBK)
  - Effective: 2023-02-06
  source text: On February 6, 2023, we, Penske Truck Leasing Corporation, PTL GP, LLC and MBK USA Commercial Vehicles Inc. (“Mitsui MBK”) amended the Seventh Amended and Restated Agreement of Limited Partnership of Penske Truck Leasing Co., L.P. (the “PTS Partnership Agreement”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/1019849/000101984923000019/0001019849-23-000019-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.