Penske Automotive Group, Inc. Earnings Recaps
Q3 2025
Oct 30, 2025
Penske Automotive Group delivered solid Q3 2025 results, reporting revenues of $7.7 billion—a 1% increase—amidst navigating challenges in retail and commercial operations.
Key takeaways
- Net income for the quarter was $213 million, translating to earnings per share of $3.23, reflecting strong U.S. retail performance despite strategic divestitures.
- Retail automotive same-store revenue rose 5%, bolstered by a 9% increase in new unit deliveries despite seasonality and the expiration of U.S. EV tax credits.
- The U.K. operations were impacted by a cyber incident at Land Rover, resulting in reduced vehicle deliveries and higher operating costs, contributing to a decline in EBT by approximately $5 million.
- Premier Truck Group faced a challenging freight environment, with same-store unit sales declining 19%, resulting in lower EBT and service revenue.
- Fixed cost absorption in U.S. operations improved by 380 basis points, indicating better utilization and operational efficiency.
Q2 2025
Aug 1, 2025
Penske Automotive Group reported stable revenue of $7.7 billion in Q2 2025, driven by strategic focus on gross profit growth despite dealership divestitures. The company achieved its third consecutive quarter of year-over-year earnings growth, with net income rising 4% and earnings per share up 5%.
Key takeaways
- EBT increased 4% YoY to $337 million, with an EBT margin improvement of 20 basis points to 4.4%.
- Same-store retail automotive service and parts gross profit rose 9%, underpinned by a strong customer demand for services.
- Record levels of service and parts revenue contributed to a gross profit margin of 16.9%, marking eight quarters of stable margins.
- A strong performance in used vehicle grosses, which increased by over 50% to $7,037, reflects demand for late model, low-mileage trucks.
- Expansion in U.S. service operations, with a technician count up 2%, enhances the company’s capacity for growth and service delivery.