PENSKE AUTOMOTIVE GROUP, INC. (PAG) Penske Automotive Group, Inc. (PAG) is a comprehensive transportation services enterprise, primarily involved in running automotive and commercial truck dealerships. Its business activities are organized into four main segments: Retail Automotive, Retail Commercial Truck, Other, and Non-Automotive Investments. The company operates a network of automotive dealerships under franchise agreements with various vehicle manufacturers, facilitating the sale of new and pre-owned automobiles. These dealerships also provide essential related services, including vehicle and collision repair, assisting with finance and lease agreements, offering third-party insurance products, and selling various aftermarket items, alongside wholesale parts distribution. In the commercial truck sector, Penske manages dealerships that offer new heavy and medium-duty trucks, notably Freightliner and Western Star brands, as well as a selection of used trucks, complemented by maintenance and repair services. Expanding its global reach, the company imports and distributes Western Star heavy-duty trucks, MAN heavy and medium-duty trucks and buses, and Dennis Eagle refuse collection vehicles, along with their associated parts, across Australia, New Zealand, and parts of the Pacific. Additionally, Penske acts as a distributor for diesel and gas engines and various power systems. Globally, Penske Automotive Group oversees 320 retail automotive franchises, comprising 146 in the United States and 174 internationally. It also operates 23 CarShop used vehicle centers in both the U.S. and the U.K., and 37 commercial truck dealerships situated in Texas, Oklahoma, Tennessee, Georgia, Utah, Idaho, Kansas, Missouri, Oregon, and Canada. The company was established in 1990 and maintains its headquarters in Bloomfield Hills, Michigan.
Sector: Retail-Auto Dealers & Gasoline Stations
Industry: Auto - Dealerships
Penske Automotive Group, Inc. NYSE:PAG Consumer Cyclical · Auto - Dealerships
Mkt Cap $13.93B
Div Yield 2.66%
CLOSED · Nov 3 $212.21 CLOSED · Nov 3 Prev close $213.25 Close $212.21 0.00% AH close $212.21 VOL 365K $ Vol $77.71M RVOL 0.57x
Mkt Cap $13.93B
VOL 365K sh
$ Vol $77.71M
RVOL 0.57×
Div Yield 2.66%
Press Release
Are PAG, BRBS, PSNL Obtaining Fair Deals for their Shareholders?
Halper Sadeh LLC, an investor rights law firm, announced it is investigating Blue Ridge Bankshares' sale to HomeTrust Bancshares for potential breaches of fiduciary duty to shareholders.
Under the deal, Blue Ridge shareholders would receive 0.086 HomeTrust shares per share and own roughly 35% of the combined company.
The release is a routine law-firm solicitation seeking shareholder clients on a contingent-fee basis, not an issuer disclosure or court action; no claims have been filed.
• 4d ago AI analysis › Press Release ⚠ 1
Are SGRY, RRC, PAG Obtaining Fair Deals for their Shareholders?
Halper Sadeh LLC, an investor rights law firm, announced it is investigating Penske Automotive Group's proposed $212.00 per share cash sale to Penske Corporation and Mitsui & Co. for potential breaches of fiduciary duties.
The release is a law-firm solicitation encouraging PAG shareholders to contact the firm on a contingent-fee basis; no lawsuit has been filed and no new disclosure was made by the company.
The same release covers investigations of Surgery Partners' $23.50/share sale to HealthSpan Partners and Range Resources' all-stock sale to EQT (0.987x ratio), but these do not change the low-signal nature of the notice for PAG holders.
• 4d ago AI analysis › Press Release ● Critical ⚠ 5
PENSKE AUTOMOTIVE GROUP REPORTS QUARTERLY RESULTS
Penske Automotive reported Q3 2026 revenue of $8.4 billion, up 4.5% year-over-year, with EPS of $3.36 down 1.5% from $3.41 a year ago, including $0.07 per share of take-private transaction costs.
The release is dominated by the pending $212.00-per-share take-private by Motown Acquisition Corp. — owned 64% by Penske Corporation and 36% by Mitsui — at a ~$16.3 billion enterprise value, expected to close in Q1 2027.
Because of the pending deal, the company will not host an earnings call, has halted buybacks ($221.2M authorization remains), and faces a $383.0 million termination fee if the Merger Agreement is terminated under certain circumstances.
The board raised the quarterly dividend 1.4% to $1.46 per share (annualized $5.84), payable December 1, 2026; commercial truck revenue jumped 22% to $1.1 billion in the quarter while automotive gross margins compressed 40 bps.
• 6d ago AI analysis › Press Release
Are BWMN, PAG, CCC, PSNL Obtaining Fair Deals for their Shareholders?
Halper Sadeh LLC, a plaintiff investor-rights law firm, announced investigations of pending acquisitions of BWMN, PAG, CCC, and PSNL for potential fiduciary-duty breaches.
For BWMN, the release cites the proposed $43.00-per-share cash sale to Bernhard Capital Partners and claims insiders may receive benefits unavailable to ordinary shareholders.
The release is law-firm solicitation with no new issuer disclosure and may seek increased consideration or additional disclosures; treat as low-signal noise.
• 7d ago AI analysis › Press Release ⚠ 2
PAG Investor Investigation: Penske Automotive Group Shareholders Are Alerted to the Pending Investigation into the $212.00 per Share Take-Private Merger
Plaintiff firm Bleichmar Fonti & Auld LLP announced an investigation into the $212.00 per share take-private merger of Penske Automotive Group by Roger Penske and Mitsui & Co.
The firm is soliciting current shareholders, alleging possible breaches of fiduciary duty under Delaware law; insiders control 72.3% of voting power.
This is a law-firm solicitation, not an issuer disclosure or court action — no claims have been filed and the underlying merger vote remains pending.
• 7d ago AI analysis › Press Release ⚠ 2
Amparo Investor Rights Investigates Proposed $212.00 Per Share Take-Private of Penske Automotive Group (NYSE: PAG)
Amparo Law Firm's investor rights practice announced an investigation into the fairness of Penske Automotive Group's take-private at $212.00 per share in cash.
The buyers — Penske Corporation and Mitsui & Co. — are PAG's largest shareholders; the deal carries a stated $16.3 billion enterprise value and an 8.84% premium to the October 14 close, and closes in Q1 2027 pending majority and unaffiliated-shareholder approval.
The release is law-firm solicitation, not an issuer disclosure; no claim has been filed and no class certified, but it highlights conflict-of-interest scrutiny around the going-private vote.
• 13d ago AI analysis › Press Release ⚠ 2
Are SAFT, PAG, UTZ, FNWD Obtaining Fair Deals for their Shareholders?
Halper Sadeh LLC, a plaintiff investor-rights firm, announced it is investigating Finward Bancorp's sale to First Financial Bancorp, in which FNWD holders would receive 1.35 First Financial shares per FNWD share, for potential fiduciary-duty breaches.
The same release also targets the SAFT, PAG, and UTZ take-privates, alleging insiders may receive benefits unavailable to ordinary shareholders and that deal terms could deter superior competing offers.
No lawsuit has been filed; this is a routine solicitation inviting shareholders to contact the firm on contingency. It is law-firm marketing, not an issuer disclosure.
• 13d ago AI analysis › Press Release ⚠ 1
Are CCC, PAG, VRNS Obtaining Fair Deals for their Shareholders?
Halper Sadeh LLC, an investor rights law firm, announced it is investigating CCC Intelligent Solutions' proposed $7.75 per share cash sale to affiliates of GTCR and Elliott Investment Management for potential breaches of fiduciary duty.
The release is a routine law-firm solicitation covering three pending take-private deals (CCC, PAG, VRNS); no lawsuit has been filed and no new facts about the CCC deal were disclosed.
The firm says it may seek increased consideration or additional disclosures; treat as low-signal noise around the already-announced merger.
• 18d ago AI analysis › Press Release ● Critical ⚠ 3
Penske Automotive Group Announces Agreement to be Taken Private by Penske Corporation and Mitsui & Co.
Penske Automotive Group agreed to be taken private by Penske Corporation and Mitsui & Co. at $212.00 per share in cash, valuing the company at roughly $16.3 billion enterprise value.
The price represents an 8.6% premium to the July 21, 2026 close, 20-26% premiums to 60- and 90-day VWAPs, and 8.84% above the prior-day close; the Special Committee unanimously recommended the deal after a review by independent advisors.
Post-closing ownership will be split 64% Penske and 36% Mitsui, the deal carries no financing condition, and PAG shares will be delisted from the NYSE once the transaction closes, expected in Q1 2027.
Approval requires a majority of outstanding shares plus a majority of votes cast by unaffiliated stockholders; Q3 2026 results will be released October 28 with no conference call.
• 19d ago AI analysis › Press Release
PENSKE AUTOMOTIVE GROUP ANNOUNCES DIVIDEND INCREASE
Penske Automotive Group's board declared a quarterly dividend of $1.46 per share, a $0.02 (+1.4%) increase that lifts the annualized payout to $5.84 per share.
The dividend is payable December 1, 2026, to shareholders of record on November 13, 2026.
The filing's boilerplate also reiterates an outstanding unsolicited, preliminary and non-binding take-private proposal from Penske Corporation and Mitsui & Co. to acquire all shares not already owned by them.
• 19d ago AI analysis › Press Release
Gabelli To Host 50th Annual Automotive Symposium
Gabelli Funds will host its 50th Annual Automotive Symposium on November 2-3, 2026, at the Encore at Wynn in Las Vegas, linking investors with executive leadership across the automotive value chain.
AutoNation (NYSE: AN) is listed first among 19 presenting companies, alongside AutoZone, O'Reilly Automotive, Genuine Parts, and Penske Automotive, with senior management presentations and one-on-one meetings available.
Planned discussion topics include tariff effects, vehicle affordability, vehicle complexity and the shift to autonomous vehicles, and aftermarket resilience; the symposium will also be webcast.
This is a conference-calendar announcement issued by Gabelli, not a company disclosure — it contains no new financial or strategic information about AutoNation.
• 1mo ago AI analysis › Press Release
Penske Automotive Sets Scene for Freedom 250 Grand Prix: NYSE Content Update
The New York Stock Exchange issued a routine daily pre-market update detailing the broadcast schedule for upcoming bell ceremonies and market commentary.
Programming highlights include Penske Automotive (PAG) ringing the Opening Bell and Manchester United (MANU) participating in the Closing Bell events to celebrate the Premier League season.
The content is available via the NYSE TV App and YouTube channel, featuring updates on bond market movements and guest appearances.
• 2mo ago AI analysis › Press Release ● Major ⚠ 2
SPECIAL COMMITTEE OF PENSKE AUTOMOTIVE GROUP RETAINS FINANCIAL AND LEGAL ADVISORS IN CONNECTION WITH TAKE PRIVATE PROPOSAL
Penske Automotive Group's special committee of independent directors has retained Moelis & Company and Paul, Weiss as financial and legal advisors to review the unsolicited take-private proposal received on July 22, 2026.
The proposal from Penske Corporation and Mitsui & Co., Ltd. offers $210 per share in cash for the remaining shares of the company's common stock not currently owned by them.
The company emphasized that the proposal is preliminary and non-binding, and there can be no assurance that any agreement will be reached or consummated.
• 2mo ago AI analysis › Press Release ● Major ⚠ 2
PENSKE AUTOMOTIVE GROUP REPORTS QUARTERLY RESULTS
Penske Automotive Group reported Q2 2026 revenue of $8.5 billion, up 6% year-over-year, driven by a 5% increase in new and used retail unit deliveries to over 125,000 vehicles. Retail automotive same-store revenue also rose 6%, while the commercial truck segment saw a 118% increase in North American Class 8 orders, indicating an improving freight environment.
GAAP net income was $260.4 million with EPS of $3.96, down slightly from the prior year due to specific charges, while adjusted EPS remained solid at $3.62. The company also reported growth in equity earnings from its affiliate, Penske Transportation Solutions, which rose 7% for the quarter.
Capital allocation efforts remained robust, with the board approving a 1.4% increase in the quarterly dividend to $1.44 per share, marking the 23rd consecutive hike. Additionally, the company repurchased $42.5 million of stock in the first half of the year and maintained strong liquidity of $1.4 billion with a leverage ratio of 1.7x.
• 3mo ago AI analysis › Press Release
PENSKE AUTOMOTIVE GROUP ANNOUNCES 23RD QUARTERLY DIVIDEND INCREASE
Penske Automotive Group approved a quarterly dividend of $1.44 per share, an increase of $0.02 or 1.4%, marking the company's 23rd consecutive quarterly dividend increase.
The new annualized dividend rate stands at $5.76 per share, payable on September 1, 2026 to shareholders of record as of August 14, 2026.
Management attributed the continued growth to the strength of the business and a disciplined capital allocation strategy focused on dividends, repurchases, and acquisitions.
• 3mo ago AI analysis › Press Release ● Critical ⚠ 3
PENSKE AUTOMOTIVE GROUP CONFIRMS RECEIPT OF UNSOLICITED, PRELIMINARY AND NON-BINDING TAKE PRIVATE PROPOSAL
Penske Automotive Group confirmed receipt of a preliminary, non-binding proposal from Penske Corporation and Mitsui & Co., Ltd. to acquire the remaining outstanding shares for $210 per share.
The buyers currently beneficially own 72.6% of the company; the Board has formed a special committee of independent directors to review the offer.
There is no assurance that a transaction will be agreed upon or consummated, and shareholders are advised that no action is required at this time.
• 3mo ago AI analysis › Press Release
PENSKE AUTOMOTIVE GROUP SCHEDULES SECOND QUARTER AND SIX MONTHS 2026 FINANCIAL RESULTS CONFERENCE CALL
Penske Automotive Group announced it will release financial results for the second quarter and six months ended June 30, 2026, on the morning of July 29, 2026.
A conference call to discuss the results is scheduled for 2:00 PM Eastern Time on the same day, accessible via webcast or teleconference.
A replay of the call will be available for seven days following the event on the company's investor relations website.
• 3mo ago AI analysis › Press Release
PENSKE AUTOMOTIVE GROUP ANNOUNCES 22ND QUARTERLY DIVIDEND INCREASE
Penske Automotive Group announced a quarterly dividend of $1.42 per share, representing a $0.02 increase, or approximately 1.4%.
This marks the company's 22nd consecutive quarterly dividend increase, reflecting a strong and consistent commitment to shareholder returns.
The dividend is payable on June 3, 2026, to shareholders of record as of May 26, 2026.
• 5mo ago AI analysis › Press Release ● Critical
Kalmar Ottawa showcases T2 EV electric terminal tractor with Penske, first truck leasing company to deploy the T2 EV
globenewswire.com • 5mo ago Press Release ● Major
PENSKE AUTOMOTIVE GROUP REPORTS QUARTERLY RESULTS
prnewswire.com • 6mo ago Press Release
Paralyzed Veterans of America announces $1.08 million donation from Penske Automotive Group
prnewswire.com • 6mo ago 
