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Penske Automotive Group, Inc.

PAG Consumer Cyclical Auto & Truck Dealerships

Penske Automotive Group, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $31.8 billion, roughly unchanged from fiscal 2024.

Revenue
+4.50%
EPS
+4.24%
Free cash flow
−29.0%
Total debt
+50.7%

Quarter to September 2026, against a year earlier

212.41 0.11 +0.05%
Market cap
$13.9B
P/E
15.5×
Fwd P/E
16.1×
Dividend yield
2.66%
F-score
6/9
Altman Z
3.02
Beneish M
−2.48
Dividend safety
85/100
Overview Business Profile Earnings & Analysis
Financials
Income Statement Balance Sheet Cash Flow Metrics & Ratios
Segments Valuation Filings

Revenue by regions Fiscal 2025

  • U.S.
  • U.K.
  • Other International

Every year since 2009 →

Insider Decisions last twelve months

Sold, $m 0.50
Trades a month
Jan 26 Apr 26 Jul 26 Oct 26
Buy — — — — — — — — — — — —
Sell — — — — — 1 1 — — — — —
Insider Ownership 73.26%

Capital & Financial Ratios $m

Size
Market Cap 13,930.00
Revenue ttm 32,561.10
Net income ttm 904.00
Free cash flow ttm 529.80
Net debt Q 2,298.90
Valuation
P/E 15.49
Forward P/E 16.10
Price / sales 0.43
Forward P/S Powerpack
Price / FCF 26.34
Price / book 2.34
Financial health
Current ratio Q 0.98 (below 1: weak)
Debt / equity Q 0.40 (at or below 0.5: strong)
Interest coverage Q 4.37
Growth
Revenue growth Q +4.50% (above 0%: growing)
Operating income growth Q −2.54% (below 0%: shrinking)
EPS, this year +0.14%
EPS, next year A +5.88%
Revenue, next year A +3.42%
EPS, past 5 yrs +15.96% (at or above 15%: strong)
EPS, next 5 yrs A +4.04%

Green and red mark values outside typical ranges; (Q) is the latest quarter, (A) analysts’ estimates. How we judge →

Valuation vs history

EV/Sales, ten years
EV/Sales is 0.5×, against a ten-year median of 0.3×; over the ten years it ranged from 0.2× in 2020 to 0.5× in 2026.
P/E against its own 10 years 98.35%
10-year low 10-year high
P/S against its own 10 years 98.39%
10-year low 10-year high
P/B against its own 10 years 89.81%
10-year low 10-year high
EV/Sales against its own 10 years 98.24%
10-year low 10-year high
EV/FCF against its own 10 years 91.02%
10-year low 10-year high

Dividends raised 6 years running

Yield
2.66%
Annual rate
5.64
Payout ratio
41.1%
Growth, 2018–26
+19.0%/yr
  1. 1.42 ’18
  2. 1.58 ’19 +11
  3. 0.84 ’20 −47
  4. 1.78 ’21 +112
  5. 2.07 ’22 +16
  6. 2.78 ’23 +34
  7. 4.09 ’24 +47
  8. 5.18 ’25 +27
  9. 5.72 ’26 +10
paid change on the year, % Powerpack

Assets vs Liabilities $m

2023 2024 2025 Q'26
Cash 96 84 65 68
Receivables 1,115 1,037 1,070 1,046
Inventory 4,293 4,711 4,815 5,020
Other 176 215 243 269
5,680 6,046 6,193 6,403
2023 2024 2025 Q'26
Payables 867 859 900 906
ST’ Debt 210 721 355 298
Other — — — —
5,658 6,581 6,279 6,511

Compound Annual Growth %

10y 5y 3y
Sales 5.13% 9.24% 4.57%
Cash Flow 9.38% (4.09%) (12.57%)
Earnings 11.11% 11.47% (12.16%)
Book Value 11.77% 10.91% 10.16%

Earnings Trends EPS, adjusted, against the consensus

Q3 FY26 Estimate 3.44 Actual 3.42

Earnings per share against the consensus, by quarter
Quarter Estimate Reported Result
Q4 FY25 3.19 2.91 Miss by 0.28
Q1 FY26 2.91 3.05 Beat by 0.14
Q2 FY26 3.38 3.62 Beat by 0.24
Q3 FY26 3.44 3.42 Miss by 0.02
Q4 FY26 3.35 — Reports 10 February 2027

EPS $

Mar Jun Sep Dec Year
’26 3.56 3.96 3.37 — —
’25 3.86 4.03 3.41 2.83 14.13
’24 3.21 3.61 3.57 3.73 14.49
’23 4.31 4.41 3.92 2.84 15.50
’22 4.76 4.93 4.61 4.21 18.55
’21 2.26 4.20 4.47 3.99 14.89
’20 0.64 0.56 3.07 2.49 6.74
Fiscal quarters ending in the months shown.

Revenue $m

Mar Jun Sep Dec Year
’26 7,864 8,513 8,416 — —
’25 7,954 8,033 8,053 7,769 31,809
’24 7,793 8,065 7,930 8,078 31,865
’23 7,339 7,469 7,448 8,661 30,917
’22 6,975 6,907 6,921 7,012 27,815
’21 5,774 6,988 6,497 6,296 25,555
’20 5,009 3,651 5,972 5,812 20,444
Fiscal quarters ending in the months shown.

Operating Cash Flow $m

Mar Jun Sep Dec Year
’26 215 204 306 — —
’25 291 209 399 76 975
’24 456 235 271 269 1,231
’23 311 293 418 123 1,145
’22 381 499 329 251 1,459
’21 239 677 414 (38) 1,292
’20 212 573 65 352 1,202
Fiscal quarters ending in the months shown.

Free Cash Flow $m

Mar Jun Sep Dec Year
’26 173 136 229 — —
’25 210 153 323 (8) 678
’24 354 136 209 180 879
’23 209 220 352 9 790
’22 326 426 272 184 1,209
’21 217 640 370 (130) 1,098
’20 186 541 28 280 1,035
Fiscal quarters ending in the months shown.

Valuation

The price implies free cash flow after share-based pay growing 12.1% a year for ten years. It grew 16.9% a year over the last ten.

Implied
12.1%
10 years, reported
16.9%
Open the model

Target Price Range

Analyst price targets

Recommendation Rating

2.7
1Buy 2 3Hold 4 5Sell

Ten years at a glance Fiscal years to December

Ten-year view Analyst estimates Powerpack
Group Line 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 TTM Sep ’26 Trend 10 yrs 2026e 2027e 2028e Next 3/yr
Income, $m
Income, $m Revenue 20,119 21,387 22,785 23,179 20,444 25,555 27,815 30,917 31,865 31,809 32,561 +5.2% 32,896 33,469 34,311 +2.6%
Gross margin, % 14.75 15.07 14.99 14.91 15.58 17.38 17.40 16.65 16.37 16.40 16.04 +1.7 pt
EBT 508 548 604 592 708 1,608 1,859 1,475 1,290 1,264 1,235 +10.7%
EBT margin, % 2.53 2.56 2.65 2.55 3.46 6.29 6.68 4.77 4.05 3.97 3.79 +1.4 pt
Net income 346 613 470 435 545 1,193 1,386 1,114 973 938 904 +11.7%
Per share, $
Per share, $ Revenue 233.93 249.04 267.54 280.98 253.66 320.45 373.88 454.90 476.43 480.50 495.60 +8.3%
Earnings 3.99 7.14 5.53 5.28 6.74 14.89 18.55 15.50 14.49 14.13 13.72 +15.1%
Cash flow 4.32 7.25 7.21 6.28 14.91 16.20 19.61 16.85 18.40 14.73 12.18 +14.6%
Capex (2.36) (2.62) (3.40) (2.64) (2.06) (2.43) (3.36) (5.23) (5.26) (4.49) (4.12) +7.4%
Free cash flow 1.96 4.64 3.81 3.64 12.85 13.77 16.25 11.62 13.14 10.24 8.06 +20.2%
Book value 20.69 28.27 30.94 34.08 41.27 51.35 56.12 69.97 81.01 84.30 90.75 +16.9%
Shares, m 86 86 85 82 81 80 74 68 67 66 66 (2.9%)
Valuation, ×
Valuation, × P/E 13.08 6.70 7.29 9.51 8.79 7.19 6.14 10.37 10.94 11.73 15.49 9.2
P/S 0.22 0.19 0.15 0.18 0.23 0.33 0.30 0.35 0.32 0.33 0.43 0.3
P/B 2.53 1.69 1.30 1.47 1.44 2.09 2.03 2.29 1.88 1.88 2.34 1.9
EV/Sales 0.32 0.29 0.25 0.28 0.31 0.39 0.36 0.40 0.38 0.40 0.50 0.3
EV/FCF 37.76 15.64 17.30 21.55 6.21 9.04 8.25 15.75 13.61 18.55 30.68 16.4
Cash, $m
Cash, $m Operating cash flow 371 623 614 518 1,202 1,292 1,459 1,145 1,231 975 800 +11.3%
Capex (203) (225) (290) (218) (166) (194) (250) (355) (352) (297) (270) +4.3%
Free cash flow 168 398 324 301 1,035 1,098 1,209 790 879 678 530 +16.8%
Balance, $m
Balance, $m Working capital 164 26 47 (117) (266) (199) (49) 22 (534) (86) (108) n/m
Net debt 1,853 2,118 2,177 2,332 1,640 1,373 1,516 1,533 1,768 2,101 2,299 +1.4%
Shareholders’ equity 1,780 2,428 2,635 2,812 3,326 4,095 4,175 4,756 5,419 5,581 5,962 +13.5%
Returns, %
Returns, % ROA 4.07 6.33 4.39 3.51 4.00 8.89 10.01 7.45 5.91 5.39 5.08 +1.3 pt
ROIC 9.89 8.41 8.64 7.93 8.87 15.50 16.34 14.01 11.91 10.42 9.11 +0.5 pt
ROE 18.97 29.15 18.61 16.00 17.71 32.01 33.37 24.83 19.05 17.01 15.44 (2.0) pt
People
People Employees 24,000 26,000 27,000 27,000 23,000 25,000 41,500 44,000 28,900 27,700 — +1.6%
Revenue/emp, $m 0.84 0.82 0.84 0.86 0.89 1.02 0.67 0.70 1.10 1.15 — +3.6%
Negative figures in brackets.
estimates

All 10 years →

Fiscal years to Dec 2025 · latest quarter Sep 2026 · fundamentals updated 2 Nov 2026

Business profile

Updated

Penske Automotive Group is an international transportation services company that sells and services cars and commercial trucks. It was founded in 1990 and is headquartered in Bloomfield Hills. Roger Penske is its chief executive officer.

The company operates franchised automotive dealerships, where customers can buy new and used vehicles, arrange financing and purchase protection products. Its dealerships also maintain and repair vehicles, sell parts and perform collision repairs. Penske represents more than 40 vehicle brands, including premium brands such as BMW, Lexus and Porsche. It also operates used-vehicle dealerships under the CarShop, Sytner Select and Penske Select names.

Where the money comes from and where it goes Fiscal 2025

Fiscal 2025: revenue by regions, and margins
U.S. 19,579 61.55%
U.K. 8,334 26.20%
Other International 3,895 12.25%
Gross margin 16.40%
Operating margin 4.03%
Pre-tax margin 3.97%

Revenue by segment since 2009

Penske Automotive Group, Inc. vs peers in Auto & Truck Dealerships (Q) = latest quarter vs a year earlier

Company Market cap P/E Fwd P/E Revenue growth (Q) EPS growth (Q) FCF growth (Q) Gross margin (Q) EBIT margin (Q) Compare
PAG Penske Automotive Group, Inc. $13.9B 15.5× 16.1× +4.50% (above 0%: growing) +4.24% (above 0%: growing) −28.97% (below 0%: shrinking) 15.73% 3.60%
KMX CarMax, Inc. $7.5B 25.8× 17.2× +19.46% (above 0%: growing) +81.25% (above 0%: growing) +23.18% (above 0%: growing) 10.15% 3.00% Compare
LAD Lithia Motors, Inc. $6.8B 9.1× 8.2× +2.80% (above 0%: growing) +53.54% (above 0%: growing) +39.80% (above 0%: growing) 15.04% 4.22% Compare
AN AutoNation, Inc. $6.0B 9.0× 8.5× −0.39% (below 0%: shrinking) −13.81% (below 0%: shrinking) +8.79% (above 0%: growing) 17.23% 4.49% Compare
RUSHA Rush Enterprises, Inc. $5.7B 19.1× 17.7× +12.35% (above 0%: growing) +19.02% (above 0%: growing) −56.15% (below 0%: shrinking) 18.31% 5.11% Compare
VVV Valvoline $4.6B 44.7× 31.9× +24.05% (above 0%: growing) +15.91% (above 0%: growing) +110.31% (above 0%: growing) 39.46% 20.60% Compare
OPLN OPENLANE, Inc. $4.4B — (loss-making) 29.6× +12.60% (above 0%: growing) +38.46% (above 0%: growing) +44.62% (above 0%: growing) 44.89% 17.57% Compare
RUSHB Rush Enterprises, Inc. $3.9B 26.1× 17.7× −1.61% (below 0%: shrinking) 0.00% −56.15% (below 0%: shrinking) 19.04% 5.12% Compare
ABG Asbury Automotive Group, Inc. $3.7B 8.2× 7.5× −8.07% (below 0%: shrinking) −22.18% (below 0%: shrinking) −28.85% (below 0%: shrinking) 16.57% 4.68% Compare
Median of peers $5.1B 19.1× 17.5× +7.58% +17.47% +15.99% 17.77% 4.90%

All 25 Auto & Truck Dealerships stocks →

From the latest earnings call

Updated

  • Roger Penske said improving freight conditions would benefit its commercial truck dealerships and Penske Transportation Solutions, and the company expected 10,000 truck deliveries in the second half of 2026.
  • Randall Seymore said Australian off-highway revenue rose 63.0% in Q2 and secured orders for 2026 reached nearly $660.0 million.

Largest institutional holders 13F, quarter to 30 June 2026

Held by institutions 28.14%
Held by the ten largest 16.96%
Holder Shares Stake Change
BlackRock 2.33m 3.55% −68.12k
Vanguard 1.71m 2.61% −12.73k
Dimensional Fund Advisors 1.65m 2.51% +200.17k
Victory Capital 1.64m 2.50% −11.67k
BMO 825.39k 1.26% +1.06k
LSV ASSET MANAGEMENT 678.53k 1.03% −46.20k
Charles Schwab 631.65k 0.96% +59.35k
State Street 625.21k 0.95% −10.46k
Morgan Stanley 584.75k 0.89% +7.08k
AQR Capital Management 454.72k 0.69% −3.92k
13F filings for the quarter to 30 June 2026: long positions in US-listed shares reported by managers with $100m or more, ~45 days after the quarter.

Pay and ownership Proxy statement filed 20 March 2026

Chief executive’s pay

Year Total pay Actually paid $100 invested
2025 8.77m 10.02m 299.05
2024 8.78m 5.60m 279.22
2023 7.43m 21.78m 286.54
2022 7.30m 14.62m 201.36
2021 6.98m 26.78m 184.36
Total pay is as the Summary Compensation Table states it; actually paid revalues the year’s share awards at its end, as the SEC’s pay-versus-performance rule asks. $100 invested is what $100 in the company’s shares at the start of the earliest year shown was worth at each year’s end. Read the proxy statement

Penske Automotive Group, Inc. (PAG) Latest News

28 Oct

Impact 3 · · Associated Press
Impact 3 · · Zacks
Impact 3 · · Zacks
Impact 3 · · StockStory

21 Oct

Impact 3 · · Zacks

20 Oct

Impact 3 · · Trefis

17 Oct

Impact 4 · · Simply Wall St.

16 Oct

Impact 4 · · Zacks

15 Oct

Impact 4 · · FreightWaves
Impact 4 · · wardsauto.com
Impact 4 · · StockStory
Impact 4 · · Proactive Investors
Impact 4 · · Stocktwits
Impact 4 · · Investing.com
Impact 4 · · MT Newswires
Impact 4 · · Bloomberg
Impact 4 · · PR Newswire

8 Oct

Impact 3 · · Trefis

24 Sep

Impact 3 · · Simply Wall St.

21 Sep

Impact 3 · · StockStory

12 Aug

Impact 4 ·

11 Aug

Impact 3 ·
Impact 3 ·
Impact 3 ·

10 Aug

Impact 4 ·
Impact 3 · · wardsauto.com

1 Aug

Impact 4 ·

30 Jul

Impact 3 · · MarketBeat transcript

29 Jul

Impact 4 · transcript
Impact 4 · · Moby transcript

PAG metrics, ten years each

stockrow.com/PAG · Data as of Nov 2, 2026 · For information only; not investment advice. · © 2026 stockrow.com