Penske Automotive Group, Inc. Q2 2025 Earnings Recap

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.