Penske Automotive Q3 revenue rises 4.5% to $8.4 billion; EPS falls to $3.36
Penske Automotive Group reported third-quarter 2026 revenue up 4.5% to $8.4 billion, while net income attributable to common stockholders fell 1.8% to $220.8 million and earnings per share fell to $3.36 from $3.41. The company will not hold an earnings call, and the results come while a take-private deal at $212.00 per share in cash is pending, with closing expected in the first quarter of 2027 subject to stockholder vote and regulatory approvals.
Key points
- Q3 revenue $8.4 billion, up 4.5% from $8.1 billion; net income $220.8 million vs. $224.8 million; EPS $3.36 vs. $3.41
- Q3 results include $6.3 million of Proposed Transaction costs, or $0.07 per share
- Pending take-private by Motown Acquisition Corp. at $212.00 per share in cash, expected to close in Q1 2027
- Quarterly dividend raised 1.4% to $1.46 per share, payable December 1, 2026; no further buybacks expected during the pendency of the deal
The filing
Written by AI on Nov 7, 2026, 11:17 PM ET, from this filing only.
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.