Penske Automotive Group (PAG)
NYSE:PAG
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Earnings Data
Report Date
Aug 05, 2026Before Open (Confirmed)
Period Ending
2026 (Q2)Consensus EPS Forecast
3.42Last Year’s EPS
3.78Same Quarter Last Year
Strong Buy
Based on 8 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call outlines a generally constructive operational picture with meaningful strengths: solid revenue (~$7.9B), positive adjusted profitability, record service & parts performance, international revenue growth (+6%), PTS equity income growth (+24%), strategic dealership acquisitions expected to add significant annualized revenue, continued capital returns and a healthy balance sheet (leverage ~1.8x, liquidity $1.2B). Offsetting these positives are notable near-term headwinds: same-store new unit declines (-5%), a large drop in BEV sales (-61%), commercial truck order weakness that compressed truck volumes (Premier Truck new sales -26%), lower gain on sale from PTS (down $26M), and margin pressure (gross profit -1.7% with SG&A rising to 74.3% of gross profit). Management’s commentary emphasizes diversification, fleet and portfolio optimization, and expectation of recovery in truck orders in H2 2026. On balance, the highlights — recurring service growth, international momentum, PTS operational improvement, disciplined capital allocation and strong liquidity — outweigh the current lowlights, which are driven largely by short-term market, regulatory and timing factors.Company Guidance
Profitability and Adjusted Results
Reported earnings before taxes of $324 million, net income of $235 million and GAAP EPS of $3.56. Excluding a $60 million gain on sale and $13 million of disposals/other charges, adjusted EBT was $276 million, adjusted net income was $201 million and adjusted EPS was $3.05.
Service & Parts Record
Service and parts delivered a Q1 record: same-store revenue +4.6% and related gross profit +5.7% (service & parts gross margin up 60 basis points). U.S. same-store service and parts revenue +3.2% and gross profit +3.4%; customer-pay +4% and warranty +5%.
Penske Transportation Solutions (PTS) Operational Improvement
Equity income from PTS increased 24% to $41 million. PTS improved profitability through fleet right-sizing, higher utilization (rental utilization rose from ~71% to ~76%), lower maintenance and depreciation costs despite a decline in gain on sale.
International Growth and Strength
International revenue of $3.3 billion, up 6% year-over-year. International new units +2% and used +3%; international same-store service and parts revenue +7% with customer-pay up 10%. U.K. registrations +6% to 615,000.
Strategic Acquisitions and Capital Returns
Acquired 2 Lexus dealerships (Central Florida) in Q1 (part of 6 recent Toyota/Lexus acquisitions expected to generate $2 billion in estimated annualized revenue). Repurchased 170,000 shares for $26 million and increased quarterly dividend to $1.40 (yield ~3.4%). Since 2023 returned approximately $1.6 billion to shareholders via dividends and buybacks.
Strong Cash Flow, Liquidity and Leverage
Generated $215 million cash flow from operations and EBITDA of $397 million in Q1. CapEx $63 million (down from $85M prior year). Ended March with $84 million cash, $1.2 billion liquidity, non-vehicle long-term debt $2.6 billion and leverage ~1.8x.
Australian Energy & Aftermarket Momentum
Australian EBT increased 15% YoY. Commercial/off-highway orderbook strong with >AUD 600 million secured orders for 2026 and Energy Solutions business targeted to generate at least AUD 1 billion in revenue by 2030; remanufacturing work (e.g., 300 cylinder heads) expected to drive significant aftermarket hours.
Improved Per-Unit Gross Profit Sequentially
Gross profit per new retail unit $4,783, up $94 sequentially; gross profit per used unit $2,076, up $306 sequentially. Premier Truck new unit gross increased $111 sequentially and used unit gross increased $4,624 sequentially.
Top-Line and Unit Volumes
Generated approximately $7.9 billion in revenue in Q1 2026 from delivering over 123,000 new and used vehicles and nearly 3,600 new and used commercial trucks.
PAG Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
PAG Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
Apr 29, 2026 | $161.55 | $171.66 | +6.26% |
Feb 11, 2026 | $162.98 | $171.72 | +5.37% |
Oct 29, 2025 | $160.23 | $158.03 | -1.37% |
Jul 30, 2025 | $163.93 | $162.76 | -0.71% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does Penske Automotive Group (PAG) report earnings?
Penske Automotive Group (PAG) is schdueled to report earning on Aug 05, 2026, Before Open (Confirmed).
What is Penske Automotive Group (PAG) earnings time?
Penske Automotive Group (PAG) earnings time is at Aug 05, 2026, Before Open (Confirmed).
Where can I see when companies are reporting earnings?
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What companies are reporting earnings today?
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What is PAG EPS forecast?
PAG EPS forecast for the fiscal quarter 2026 (Q2) is 3.42.