---
schema_version: "secwatch.filing_event.v1"
accession: "0001628280-25-053042"
form_type: "8-K"
ticker: "PAG"
cik: "0001019849"
company_name: "PENSKE AUTOMOTIVE GROUP, INC."
filed_at: "2025-11-19T23:59:59+00:00"
generated_at: "2026-05-16T18:20:41.340112+00:00"
event_type: "m_and_a"
sentiment: "positive"
materiality_score: 0.78
calibrated_materiality_score: 0.78
confidence: "high"
source: SEC EDGAR
---

# Penske Automotive acquires 4 Toyota/Lexus dealerships for $519M; adds $1.5B annual revenue

## Summary
- Purchased Longo Toyota, Longo Lexus, Lexus Stevens Creek, and Longo Toyota of Prosper for $519M.
- Dealerships retailed over 28,000 new+used units in 2024; expected to add $1.5B annualized revenue.
- Funding: $363.6M cash from existing credit + $155.8M seller note (4.5%, 3-year term).
- Transaction approved by a special committee of independent directors; seller partly owned by Greg Penske (Vice Chair) affiliates.
- Longo Toyota is #1 volume Toyota dealer in the U.S. for 58 consecutive years.

## SEC filing metadata
- accession: 0001628280-25-053042
- form_type: 8-K
- ticker: PAG
- cik: 0001019849
- company_name: PENSKE AUTOMOTIVE GROUP, INC.
- filed_at: 2025-11-19T23:59:59+00:00
- event_type: m_and_a
- sentiment: positive
- materiality_score: 0.78
- calibrated_materiality_score: 0.78
- confidence: high
- sec_items: 1.01, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1019849/000162828025053042/0001628280-25-053042-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1019849/000162828025053042/pag-20251119.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001628280-25-053042
- JSON: https://secwatch.observer/filing/0001628280-25-053042.json
- Plain text: https://secwatch.observer/filing/0001628280-25-053042.txt

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