Penske Automotive Q1 net income falls 9% to $234.5 million; adjusted EPS down 15%
Penske Automotive Group reported first quarter 2026 results, with revenue of $7.9 billion, down from $8.0 billion a year earlier. GAAP net income attributable to common stockholders fell 9.0% to $234.5 million, and adjusted net income decreased 16% to $200.6 million, which the company attributed to a difficult prior-year comparison and challenging market conditions. The company also completed acquisitions and repurchased shares during the quarter.
Key points
- Revenue $7.9 billion vs. $8.0 billion; GAAP EPS $3.56 vs. $3.86 a year earlier
- Adjusted net income $200.6 million (down 16%); adjusted EPS $3.05 (down 15%)
- Retail commercial truck revenue fell to $694.6 million from $823.7 million; the company cited weak freight demand in late 2025
- Acquired two Lexus dealerships in Orlando, expected to add $450 million in annualized revenue; repurchased 170,393 shares for $26.4 million
The filing
Written by AI on Nov 8, 2026, 1:12 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on April 29, 2026.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.