Highest-materiality recent filing
Penske Automotive special committee retains advisors for $210/share take-private proposal
Special Committee retained Moelis & Company as financial advisor and Paul, Weiss as legal counsel for review of July 22, 2026 proposal.
Penske Automotive Q2 revenue up 6% to $8.5B; adjusted EPS $3.62; dividend raised to $1.44
Revenue $8.5B (+6% YoY); net income $260.4M ($3.96 EPS) vs $266.6M ($4.03) YoY.
Penske Automotive raises quarterly dividend to $1.44, 23rd consecutive increase
Quarterly dividend increased to $1.44 per share, up $0.02 (+1.4%) from prior quarter.
Penske Automotive receives $210/share take-private proposal from Penske Corp and Mitsui
Proposal from Penske Corp and Mitsui to acquire remaining shares at $210/share cash.
Penske Automotive declares $1.42 quarterly dividend, 22nd consecutive increase
Quarterly dividend of $1.42 per share, an increase of $0.02 (1.4%) from prior dividend.
Penske Automotive Q1 EPS $3.56 vs $3.86 YoY; net income down 9%
Revenue $7.9B (down from $8.0B); GAAP EPS $3.56 vs $3.86; adjusted EPS $3.05.
Penske Automotive Q4 net income $186.1M, EPS $2.83; full year EPS $14.13; dividend raised to $1.40
Q4 revenue $7.8B (-3.7% YoY); net income $186.1M, EPS $2.83 vs $3.73 prior year.
Penske Automotive acquires 4 Toyota/Lexus dealerships for $519M; adds $1.5B annual revenue
Purchased Longo Toyota, Longo Lexus, Lexus Stevens Creek, and Longo Toyota of Prosper for $519M.
Penske Automotive Q3 EPS $3.23, revenue $7.7B; net income down 6% YoY
Net income $213.0M (-6% YoY); EPS $3.23 (-5%); revenue $7.7B (+1.4%).
Penske Automotive raises quarterly dividend by $0.06 to $1.38 per share
Quarterly dividend increased to $1.38 per share from $1.32, a 4.5% increase.
Penske Automotive Q2 EPS $3.78 (+5% YoY); record gross profit $1.3B; dividend raised 4.8%
EPS increased 5% to $3.78; net income $250M (+4%); revenue flat at $7.7B.
Penske Automotive Group increases quarterly dividend 4.8% to $1.32 per share
Quarterly dividend raised 4.8% ($0.06) to $1.32 per share.
Penske Automotive raises dividend 3.3% to $1.26/share, adds $250M buyback authorization
Quarterly dividend increased 3.3% to $1.26/share, the 18th consecutive quarterly increase.
Record Q1 revenue $7.6B, EPS $3.66 (+14% YoY), adjusted EPS $3.39 (+6%)
Q1 revenue $7.6B (+2% YoY); net income $244.3M, EPS $3.66 (+14% YoY).
Penske Automotive Q4 revenue record $7.7B; EPS $3.54; dividend raised to $1.22
Q4 revenue $7.7B (+6% YoY); net income $236.4M; EPS $3.54 (+25% YoY, +3% vs adjusted $3.45).
Penske Automotive Group increases revolving credit facility to $1.5B
Revolving borrowing capacity raised from $1.2B to $1.5B via eleventh amendment.
Revenue $7.6B (+2% YoY); EPS $3.39 vs $3.92; net income $226.1M vs $263.4M.
Penske Automotive increases quarterly dividend 11% to $1.19 per share
Quarterly dividend raised to $1.19 per share, up $0.12 (11%) from prior $1.07.
Penske Automotive Q2 revenue record $7.7B; EPS $3.61 vs $4.41; raises dividend 11%
Revenue increased 3% to $7.7B; net income $241.2M vs $300.8M; EPS $3.61 vs $4.41.
Penske Automotive increases quarterly dividend 11% to $1.07 per share
Quarterly dividend raised 11% to $1.07 per share; payable Sept 4 to holders of record Aug 15.
Penske Automotive Group reports CDK cyber incident disrupting Premier Truck Group
CDK Global dealer management systems inoperable since June 19 due to cybersecurity incident.
Penske Automotive increases quarterly dividend 10% to $0.96 per share
Quarterly dividend raised 10% to $0.96 per share from $0.87 (implied).
Revenue $7.4B (+1.5%), EPS $3.21 vs $4.31; net income fell to $215.2M from $298.3M.
PAG Q4 GAAP EPS $2.84 (-33% YoY); adjusted EPS $3.45; goodwill impairment $40.7M
Q4 revenue $7.3B (+4% YoY); net income $190.7M (-36%); adjusted net income $231.4M (-22%).
Penske Corporation (owns 51% of PAG voting stock) agreed to vote shares above 43.57% proportionally with other shareholders.
Penske Automotive raises quarterly dividend 10% to $0.87/share
Quarterly dividend increased 10% to $0.87 per share from prior $0.79 per share.
Penske completes Rybrook acquisition; adds 15 UK premium dealerships with $1B annualized revenue
Acquisition of Rybrook Group Limited closed; adds 15 premium dealerships in the UK.
Stock Purchase Agreement with Penske Investments Limited Partnership (affiliate of CEO Roger Penske) to acquire Don Allen Auto Service for $12.34M cash.
Penske Automotive Group agrees to acquire Rybrook Group's 15 UK dealerships for ~$1B annual revenue
Acquisition of 15 premium dealerships including BMW, MINI, Volvo, Land Rover, and Porsche brands.
Penske Automotive Q3 revenue up 8% to $7.4B, net income down 23%, EPS $3.92
Revenue $7.4B (+8% YoY); net income $263.4M (-23%); EPS $3.92 vs $4.61.
Penske Automotive Group increases quarterly dividend by 9.7% to $0.79 per share
Dividend raised from $0.72 to $0.79 per share, a $0.07 or 9.7% increase.
Penske Automotive, Hedin Mobility Group confirm no offer for Pendragon PLC
On Sept 20, 2023, Penske subsidiary PAG Intl and Hedin Mobility submitted non-binding proposal to acquire Pendragon.
Penske Automotive and Hedin Mobility submit revised 32p/share non-binding bid for Pendragon PLC
PAG International (Penske) and Hedin Mobility jointly propose 32 pence per share cash for all Pendragon shares.
Penske/Hedin 28p/share joint proposal for Pendragon rejected; board calls it undervalued
PAG International (Penske subsidiary) and Hedin Mobility Group submitted non-binding proposal to acquire Pendragon for 28 pence per share cash.
Penske Automotive Q2 revenue up 8% to record $7.5B; EPS down 11% to $4.41
Record Q2 revenue $7.5B (+8% YoY); net income $300.8M (-20%); EPS $4.41 (-11%).
Penske Automotive raises quarterly dividend by 9% to $0.72 per share
Board increased quarterly dividend by $0.06 (9%) from $0.66 to $0.72 per share.
Penske Automotive increases dividend 8% to $0.66/share and adds $250M buyback authority
Quarterly dividend raised by $0.05 to $0.66 per share (8% increase), payable June 1 to holders of record May 22.
Penske Automotive Q1 net income down 19% to $298.3M, revenue record $7.3B
Net income $298.3M, EPS $4.31, down 19% and 9% YoY respectively.
Penske Automotive increases U.S. credit facility from $800M to $1.2B, adds Daimler Truck as lender
Borrowing capacity raised to $1.2B from $800M; includes $75M letters of credit and $400M sublimit for foreign acquisitions.
Penske Automotive Group announces $250M additional securities repurchase authority
Board delegated $250M in new repurchase authority for common stock or debt; no expiration.
Penske Automotive posts record Q4 revenue $7.0B, EPS $4.21; FY EPS $18.55
Q4 revenue $7.0B (+11% YoY); EPS $4.21 (+6% YoY).
Penske Automotive Group expands UK revolving credit facility to £200M, extends term to Jan 2027
UK credit facility increased from £150M to £200M; term extended to Jan 2027 with option to Jan 2028.
Penske Automotive increases quarterly dividend 7% to $0.61 per share
Quarterly dividend raised by $0.04 (7%) to $0.61 per share.
Penske Automotive reduces non-use fee on $800M credit facility from 0.30% to 0.20%
Ninth Amendment to US credit agreement lowers non-use fee on available but unused commitments from 0.30% to 0.20% per annum.
Penske Automotive reports record Q3 revenue of $6.9B, EPS of $4.61
Revenue increased 7% to $6.9B; EPS up 3% to $4.61, both Q3 records.
Penske Automotive increases quarterly dividend by 7.5% to $0.57 per share
Dividend raised by $0.04 per share (7.5%) to $0.57 per share.
EPS from continuing ops $4.93 vs $4.20 (+17%); adjusted EPS $4.47 (+10%).
Penske Automotive lifts dividend 6% to $0.53 per share
Board increases quarterly dividend by $0.03 (6%) to $0.53 per share.
Dividend raised 6.4% to $0.50/share; payable June 1, 2022, record May 23, 2022.
Penske Automotive posts record Q1: EPS $4.76 (+111%), revenue $7B (+21%), repurchased $184M shares
Income from continuing operations $367.9M, up 102% YoY; EPS $4.76, up 111%.
the Board of Directors filled the vacancy created by Mr. Yamanaka’s resignation by appointing Kota Odagiri as a director.
On December 16, 2021, Masashi Yamanaka resigned from our Board of Directors and the Board of Directors filled the vacancy created by Mr. Yamanaka’s resignation by appointing Kota Odagiri as a director.
Max materiality 0.85 · Median 0.68 · Most common event earnings