---
schema_version: "secwatch.filing_event.v1"
accession: "0001019849-23-000109"
form_type: "8-K"
ticker: "PAG"
cik: "0001019849"
company_name: "PENSKE AUTOMOTIVE GROUP, INC."
filed_at: "2023-07-26T23:59:59+00:00"
generated_at: "2026-06-13T02:07:02.134332+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Penske Automotive Q2 revenue up 8% to record $7.5B; EPS down 11% to $4.41

## Summary
- Record Q2 revenue $7.5B (+8% YoY); net income $300.8M (-20%); EPS $4.41 (-11%).
- Retail automotive same-store rev +6% with service/parts +11%; commercial truck same-store rev +19%.
- Equity income from Penske Transportation Solutions fell to $73.3M from $136.6M due to higher costs.
- Dividend raised 26% in 2023 to $0.72/share; $328M in share repurchases in first half 2023.
- Acquired Transolutions Truck Centres targeting ~$180M annualized revenue.

## SEC filing metadata
- accession: 0001019849-23-000109
- form_type: 8-K
- ticker: PAG
- cik: 0001019849
- company_name: PENSKE AUTOMOTIVE GROUP, INC.
- filed_at: 2023-07-26T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 7.01, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1019849/000101984923000109/0001019849-23-000109-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1019849/000101984923000109/pag-20230726.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001019849-23-000109
- JSON: https://secwatch.observer/filing/0001019849-23-000109.json
- Plain text: https://secwatch.observer/filing/0001019849-23-000109.txt

## Key facts
- Earnings Releases
  PENSKE AUTOMOTIVE GROUP, INC. reported second quarter of 2023 results: revenue $7.5 billion, net income $300.8 million, EPS $4.41.
  - Period: second quarter of 2023
  - Revenue: $7.5 billion
  - Net income: $300.8 million
  - EPS: $4.41
  - Result: reported results
  source text: reference in such a filing. --- EX-99.1 (EX-99.1) --- FOR IMMEDIATE RELEASE PENSKE AUTOMOTIVE GROUP REPORTS QUARTERLY RESULTS Record Quarterly Revenue Increased 8% to $7.5 Billion Retail Automotive Same-Store Revenue Increased 6%, Including an 11% Increase in Service & Parts Retail Commercial Truck Same-Store Revenue Increased 19%, Including a 4% Increase
  evidence_url: https://www.sec.gov/Archives/edgar/data/1019849/000101984923000109/0001019849-23-000109-index.htm
- Earnings Releases
  PENSKE AUTOMOTIVE GROUP, INC. reported six months ended June 30, 2023 results: revenue $14.8 billion, net income $599.1 million, EPS $8.72.
  - Period: six months ended June 30, 2023
  - Revenue: $14.8 billion
  - Net income: $599.1 million
  - EPS: $8.72
  - Result: reported results
  source text: For the six months ended June 30, 2023, revenue increased 7% to $14.8 billion. When compared to the same period last year, net income attributable to common stockholders decreased 19% to $599.1 million from $741.9 million, and related earnings per share decreased 10% to $8.72.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1019849/000101984923000109/0001019849-23-000109-index.htm

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