Filing Flows

Filing Flows › Consumer Discretionary › Penske Automotive Group (PAG)

Penske Automotive Group (PAG) earnings and revenue breakdown

Latest: Q3 2026 · 10-Q filed Oct 29, 2026 · Penske Automotive Group (PAG) Q3 2026 earnings results →

Q3 2026 Revenue up 4% year over year to $8.4B · 3¢ of every $1 of revenue kept as net profit · operating margin 3.6%

Penske Automotive Group made $8.4B in Q3 2026 (+4% Y/Y): Retail automotive dealership $7.0B, Retail commercial truck dealership $1.1B, Commercial vehicle distribution and other $266M. Operating margin 3.6%, net earnings $221M. See where every dollar goes — costs, profit and cash — as a Sankey from the 10-Q filed Oct 29, 2026.

Revenue$8.4B
Year over year+4%
Operating margin3.6%
Net earnings$221M
Operating cash flow$306M

Drawing the Sankey…

Open the interactive Sankey → click any line for what the company wrote about it, compare Y/Y and Q/Q, export as PNG or PDF

Penske Automotive Group Q3 2026 revenue breakdown: Sankey diagram of revenue (Retail automotive dealership, Retail commercial truck dealership, Commercial vehicle distribution and other), costs, profit and cash flow
Penske Automotive Group Q3 2026 revenue breakdown — free to use with credit and a link (terms). Share on X
Embed this chart on your site

Free to use with the credit line. Click a box to select the code.

What changed this quarter

Revenue was $8.4B in Q3 2026, up 5% year over year and down 1% from the previous quarter. Retail automotive dealership was the largest line at 83% of revenue. Retail commercial truck dealership added $0.21B year over year (up 22%), 57% of the total change.

Gross margin was 15.7%, down 0.4 points from a year earlier. Operating profit was $0.30B, a 3.6% margin (down 0.3 points year over year). Operating profit fell $0.01B even though revenue rose $0.36B versus a year earlier, so costs grew faster than sales. Operating expenses grew 3% against revenue growth of 5%. Net earnings were $0.22B, down 2% year over year. The effective tax rate was 26.8%.

Operating cash flow was $0.31B (down 23% year over year), 138% of net earnings. Non-cash charges added back $0.05B of depreciation and $0.01B of share-based compensation. Working capital and other items added $0.03B. Capital expenditures of $0.08B left free cash flow of $0.22B.

Quarterly history

Penske Automotive Group revenue by quarterPenske Automotive Group revenue by quarter$8.5BQ2 2026$8.4BQ3 2026
Penske Automotive Group net earnings by quarterPenske Automotive Group net earnings by quarter$261MQ2 2026$221MQ3 2026
QuarterFormFiledRevenueY/YOp. marginNet earningsOp. cash flow
Q3 202610-QOct 29, 2026$8.4B+4%3.6%$221M$306M
Q2 202610-QJul 30, 2026$8.5B+6%4.0%$261M$204M

Charts

Penske Automotive Group: where the cash came from (+) and went (−), TTM to Q3 2026Penske Automotive Group: where the cash came from (+) and went (−), TTM to Q3 2026Operating cash flow$800MAcquisitions−$670MNet borrowing (+) / repaid (−)$653MDividends−$372MCapital spending−$302MOther financing−$264MAsset & business sales$223MBuybacks−$66.4MCash drawn (+) / kept (−)$20.4MTaxes on employees’ shares−$16.5MOther investing−$5.2MExchange rates−$400K
From the cash-flow statement as filed (SEC XBRL). Cash is fungible: the bars do not say which dollar paid for what.
Penske Automotive Group: profit against cash, quarter by quarterPenske Automotive Group: profit against cash, quarter by quarterNet incomeOperating cash flow$250M$268MQ4 2024$258M$291MQ1 2025$268M$209MQ2 2025$225M$399MQ3 2025$187M$75.7MQ4 2025$235M$215MQ1 2026$261M$204MQ2 2026$221M$306MQ3 2026
Latest (Q3 2026): Net income $221M, Operating cash flow $306M.
Penske Automotive Group: diluted shares by fiscal yearPenske Automotive Group: diluted shares by fiscal year81MFY202080MFY202174MFY202268MFY202367MFY202466MFY2025
-17.9% since FY2020: buybacks shrank the count.
Penske Automotive Group: long-term debt falling due (FY2025)Penske Automotive Group: long-term debt falling due (FY2025)$355M2026$91.7M2027$939M2028$525M2029$117M2030$137MLater
Cash $64.7M, short-term investments —, long-term debt $2.2B at 2025-12-31.
Penske Automotive Group in its industry: growth against margin (16 companies, SIC 5500)Penske Automotive Group in its industry: growth against margin (16 companies, SIC 5500)revenue growth, year over year →↑ operating marginmedian +8%median 4%LADCVNAKMXANMUSACASYGPIABGSAHRUSHACWHCPRTOPLNCRMTNXXTPAG (+4%, 4%)
Retail-Auto Dealers & Gasoline Stations; dot size is quarterly revenue; dashed lines are the industry's medians.

Interactive views

The same charts as the app — open one to draw it.

💵Where each $1 goesinteractive

Loading the interactive chart…

🌏Named in Asian annual reportsinteractive

Loading the interactive chart…

🔄Rotation against the market and its industry (RRG)interactive

Loading the interactive chart…

🔍Earnings qualityinteractive

Loading the interactive chart…

⚖️Fair value by methodinteractive

Loading the interactive chart…

🔭Outlook & guidanceinteractive

Loading the interactive chart…

📈Investments: gains and what it boughtinteractive

Loading the interactive chart…

🏭Its industry’s money flow (input-output)interactive

Loading the interactive chart…

About Penske Automotive Group

We are a diversified international transportation services company and one of the world's premier automotive and commercial truck retailers. We operate dealerships in the United States, the United Kingdom, Canada, Germany, Italy, Japan, and Australia, and we are one of the largest retailers of commercial trucks in North America for Freightliner. We also distribute and retail commercial vehicles, diesel and gas engines, power systems, and related parts and services principally in Australia and New Zealand. We employ over 27,700 people worldwide.

In its own words, from its 10-K, filed Feb 27, 2026.

Penske Automotive Group against its Retail-Auto Dealers & Gasoline Stations peers

The largest companies of the same SEC industry, each at its latest quarter. Revenue growth: +4% against the peers' median +4%. Operating margin: 3.6% against the peers' median 4.2%.

CompanyQuarterRevenueY/YOp. margin
PAG Penske Automotive GroupQ3 2026$8.4B+4%3.6%
LAD Lithia MotorsQ3 2026$9.9B+3%4.2%
CVNA CarvanaQ3 2026$8.0B+42%8.9%
KMX CarMaxQ2 FY27$7.9B+20%2.8%
AN AutonationQ3 2026$7.0B-0.4%4.5%
MUSA Murphy USAQ3 2026$6.9B+35%3.8%
CASY Caseys General StoresQ1 FY27$5.7B+24%6.1%
GPI Group 1 AutomotiveQ3 2026$5.4B-7%3.7%
ABG Asbury Automotive GroupQ3 2026$4.4B-8%4.7%

Source: Penske Automotive Group 10-Q on SEC EDGAR · CIK 1019849 · Retail-Auto Dealers & Gasoline Stations

Guidance and outlook

Penske Automotive Group: what its forward-looking statements are about (10-Q filed 2026-10-29)Penske Automotive Group: what its forward-looking statements are about (10-Q filed 2026-10-29)Demand8Other3Financing3Buybacks & dividends3Legal & regulation3Costs1Capital spending1
22 statements; tone +0.23 (−1 all cautious, +1 all confident); 6 hedged.
Penske Automotive Group: outlook statements against the filing beforePenske Automotive Group: outlook statements against the filing beforeNew7Updated1Dropped5Confident7Cautious2

13F: who owns PAG and who is buying

Largest holders of PAG (13F)Largest holders of PAG (13F)BlackRock$418MDimensional Fund Advisors LP$295MVictory Capital Management$294MVanguard Group$269MBurgundy Asset Management$163MBank of Montreal$148MVanguard Portfolio Management LLC$143MVanguard Capital Management LLC$137MCharles Schwab Investment Managem…$113MState Street$112M
Funds' net buying of PAG by quarter (13F)Funds' net buying of PAG by quarter (13F)−$5.4M2024-09$46.8M2024-12$15.2M2025-03$132M2025-06$13.4M2025-09$191M2025-12$243M2026-03−$44.5M2026-06
Value of shares 13F filers added minus the value they sold, each quarter (quarters with most filings in).

More on PAG

History

Every quarter: Q3 2026 results · Q2 2026 results

Compare PAG with

中文版：Penske Automotive Group（PAG）财报

Español · Français