---
schema_version: "secwatch.filing_event.v1"
accession: "0001019849-23-000144"
form_type: "8-K"
ticker: "PAG"
cik: "0001019849"
company_name: "PENSKE AUTOMOTIVE GROUP, INC."
filed_at: "2023-10-25T23:59:59+00:00"
generated_at: "2026-06-09T09:38:34.316878+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# Penske Automotive Q3 revenue up 8% to $7.4B, net income down 23%, EPS $3.92

## Summary
- Revenue $7.4B (+8% YoY); net income $263.4M (-23%); EPS $3.92 vs $4.61.
- Same-store service & parts revenue +9%; commercial truck same-store gross profit +6%.
- Dividend raised 9.7% to $0.79/share; YTD increase of 39% from $0.57.
- PTS equity income $84.1M vs $135.5M last year due to higher interest and maintenance costs.
- Acquired BMW/Porsche dealerships in Wilmington, NC (~$140M ann. rev.) and TSTC Winnipeg (~$180M).

## SEC filing metadata
- accession: 0001019849-23-000144
- form_type: 8-K
- ticker: PAG
- cik: 0001019849
- company_name: PENSKE AUTOMOTIVE GROUP, INC.
- filed_at: 2023-10-25T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 2.02, 7.01, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1019849/000101984923000144/0001019849-23-000144-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1019849/000101984923000144/pag-20231025.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001019849-23-000144
- JSON: https://secwatch.observer/filing/0001019849-23-000144.json
- Plain text: https://secwatch.observer/filing/0001019849-23-000144.txt

## Key facts
- Earnings Releases
  PENSKE AUTOMOTIVE GROUP, INC. reported third quarter of 2023 results: revenue $7.4 billion, net income $263.4 million, EPS $3.92.
  - Period: third quarter of 2023
  - Revenue: $7.4 billion
  - Net income: $263.4 million
  - EPS: $3.92
  - Result: reported results
  source text: For the quarter, revenue increased 8% to $7.4 billion. Net income attributable to common stockholders decreased 23% to $263.4 million from $340.1 million, and related earnings per share decreased 15% to $3.92 from $4.61 when compared to the same period last year.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1019849/000101984923000144/0001019849-23-000144-index.htm

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