earnings
confidence high
sentiment neutral
materiality 0.70
Penske Automotive Q2 revenue up 6% to $8.5B; adjusted EPS $3.62; dividend raised to $1.44
PENSKE AUTOMOTIVE GROUP, INC.
- Revenue $8.5B (+6% YoY); net income $260.4M ($3.96 EPS) vs $266.6M ($4.03) YoY.
- Adjusted net income $237.7M; adjusted EPS $3.62; excludes gain on dealership sales.
- Retail automotive units delivered >125,000 (+5% YoY); same-store service/parts gross margin up 80 bps to 59.5%.
- Dividend increased 1.4% to $1.44/share (payable Sept 1, 2026; record Aug 14, 2026); 23rd consecutive quarterly increase.
- Acquired Lexus of Orlando and Lexus of Winter Park; expected $450M annualized revenue; leverage ratio 1.7x.