PAG

In the past six months, PAG reported decreased Q1 2026 revenue ($7.9 billion) and diluted EPS ($3.56) compared to Q1 2025, attributed to difficult comparisons, challenging market conditions, weather disruptions, and lower EV demand, though retail automotive revenue increased. The Board declared a quarterly dividend of $1.42 per share in May 2026, marking the 22nd consecutive quarterly increase. The company completed acquisitions of Lexus of Orlando and Lexus of Winter Park in February 2026, expected to add $450 million in annualized revenue, and combined with earlier acquisitions, PAG acquired two Toyota and four Lexus dealerships, projected to generate approximately $2 billion in estimated annualized revenues. PAG reported increased Q2 2026 revenue ($8.5 billion, up 6%) exceeding estimates, and diluted EPS of $3.96 (down from Q2 2025), with new and used unit deliveries increasing due to resilient consumer demand and improved vehicle availability. In July 2026, Penske Corporation and Mitsui & Co. Ltd. proposed to buy out public shareholders for $210 per share, leading to a special committee review; the stock traded above the offer, suggesting expectations for a higher price, but the proposal also caused volatility and legal probes regarding undervaluation. A motorsports event update in August 2026 highlighted dealership demand, vehicle supply, service revenue, and brand visibility. PAG shares increased by 32.6% from the beginning of the year to September 23, 2026, and by 19.44% over the last year.