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Penske Automotive Group (PAG) investor relations material
Penske Automotive Group Q4 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
Delivered over 504,000 new and used vehicles globally in 2025, generating $31.8 billion in revenue and $935 million in net income, with EPS of $14.13.
Completed major acquisitions, including Toyota, Lexus, and Ferrari dealerships, adding up to $2 billion in annualized revenue; divested non-strategic assets representing $700 million in revenue.
Announced the 21st consecutive quarterly dividend increase, raising the quarterly dividend to $1.40 per share, and continued share repurchases.
Over 27,700 employees operated across 8 countries and 4 continents.
Acquired Penske Motor Group in November 2025, expected to add $1.5 billion in annualized revenue.
Financial highlights
Q4 2025 revenue was $7.8 billion, down 4% year-over-year; full-year revenue was $31.8 billion, nearly flat year-over-year.
Q4 net income attributable to common stockholders was $186 million, down 25%; full-year net income was $935 million, down 4%.
Q4 EPS was $2.83, down 24%; full-year EPS was $14.13, down 2.5%.
EBITDA for 2025 was $1.53 billion, down 0.7% year-over-year.
Full-year cash flow from operations was $1 billion, and free cash flow was $651 million.
Outlook and guidance
Anticipates commercial truck market recovery and stronger U.S. macro environment in 2026.
Q1 2026 expected to face headwinds from prior year pull-forward effects and weather disruptions; Q2 anticipated to be stronger due to seasonal trends.
Acquisitions of Toyota and Lexus dealerships expected to add up to $2 billion in annualized revenue.
Management highlights a resilient business model with recurring revenue streams and a seasoned management team.
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