The beat on consensus may provide short-term support, but the persistent YoY declines in revenue and earnings, especially in the commercial truck segment, warrant caution. Monitor the upcoming conference call for commentary on the freight environment and any full-year guidance. The continued strength in service/parts and recent acquisitions could provide a floor, but the trend is still negative.
Price Chart
Executive Summary
Penske Automotive Group reported Q1 2026 adjusted EPS of $3.05 (beat consensus $2.88 by 5.7%) and revenue of $7.86B (slightly above $7.71B consensus). However, YoY comparisons show revenue -1.1%, net income -9%, and adjusted EPS -15%, reflecting continued headwinds in the commercial truck business and a pull-forward effect in automotive. The beat on lowered expectations provides some relief, but underlying fundamentals remain under pressure.
Key Financial Metrics
Key Facts
- Q1 2026 GAAP EPS $3.56 vs $3.86 YoY (-7.8%); adjusted EPS $3.05 vs $3.59 YoY (-15%)
- Revenue $7.86B vs $7.95B YoY (-1.1%); same-store retail automotive revenue +0.8%
- Retail automotive service and parts revenue +4.6% to $864M, a record; same-store +4.6% with gross profit +5.7%
- Retail commercial truck revenue fell 15.7% to $695M; new unit deliveries -24%
- Board increased dividend 1.4% to $1.40/share; repurchased 170,393 shares for $26.4M
- Completed acquisition of two Lexus dealerships in Orlando, adding $450M in estimated annualized revenue
Financial Impact
EPS beat consensus by $0.17 (5.9%) but declined 15% YoY on an adjusted basis; revenue slightly above consensus but down YoY
Risk Factors
- Continued weakness in commercial truck freight market could depress results further
- YoY earnings decline may pressure valuation multiples if not reversed
- Tariff and regulatory changes could impact vehicle demand and margins
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 6 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0001628280-26-028227 |
| Document: pag-20260429.htm | 0001628280-26-028227 |
| Document: 0001628280-26-028227-index-headers.html | 0001628280-26-028227 |
| Document: 0001628280-26-028227-index.html | 0001628280-26-028227 |
| Document: 0001628280-26-028227.txt | 0001628280-26-028227 |
| 8-K Data (Synthetic) | 0001628280-26-028227 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 16, 2026 10d ago | DEFA14A | $212.00 $212.32 | ▲ +0.15% | ▲ +0.30% | $212.09 (+0.04%) |
Oct 15, 2026 11d ago | DEFA14A | $212.42 $212.33 | ▼ −0.04% | ▼ −0.14% | $212.09 (−0.16%) |
Oct 15, 2026 11d ago | DFAN14A | $212.00 $212.11 | ▲ +0.05% | ▲ +1.07% | $212.09 (+0.04%) |
Oct 15, 2026 11d ago | SC 13D/A | $212.00 $212.11 | ▲ +0.05% | ▲ +1.07% | $212.09 (+0.04%) |
Oct 15, 2026 11d ago | SC 13D/A | $212.00 $212.11 | ▲ +0.05% | ▲ +1.07% | $212.09 (+0.04%) |
Oct 15, 2026 11d ago | DEFA14A | $212.00 $212.11 | ▲ +0.05% | ▲ +1.07% | $212.09 (+0.04%) |
Oct 15, 2026 11d ago | 8-K | $212.00 $212.11 | ▲ +0.05% | ▲ +1.07% | $212.09 (+0.04%) |
Oct 15, 2026 11d ago | 8-K | $212.00 $212.11 | ▲ +0.05% | ▲ +1.07% | $212.09 (+0.04%) |
Oct 15, 2026 11d ago | Press Release | $212.00 $212.11 | ▲ +0.05% | ▲ +1.07% | $212.09 (+0.04%) |
Aug 10, 2026 11w ago | 8-K | $216.66 $216.21 | ▼ −0.21% | ▲ +0.20% | $212.09 (−2.11%) |
US Market Status
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