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Lithia Motors vs Penske Automotive Group: LAD and PAG compared
Lithia Motors is the larger company: $9.9B of revenue in its latest quarter (Q3 2026) against $8.4B for Penske Automotive Group (Q3 2026). Penske Automotive Group is growing faster (+4% against +3% a year earlier). Lithia Motors is more profitable, with an operating margin of 4.2% against 3.6%.
Where the money goes: LAD and PAG
Lithia Motors (LAD) · Q3 2026
Lithia Motors, Q3 2026: revenue $9.9B (+3% year over year), operating margin 4.2%, net earnings $293M, operating cash flow −$30.8M. The chart follows the revenue to costs, profit and cash.
Penske Automotive Group (PAG) · Q3 2026
Penske Automotive Group, Q3 2026: revenue $8.4B (+4% year over year), operating margin 3.6%, net earnings $221M, operating cash flow $306M. The chart follows the revenue to costs, profit and cash.
| Lithia Motors (LAD) | Penske Automotive Group (PAG) | |
|---|---|---|
| Latest quarter | Q3 2026 | Q3 2026 |
| Revenue | $9.9B | $8.4B |
| Revenue growth, Y/Y | +3% | +4% |
| Gross margin | 15.0% | 15.7% |
| Operating margin | 4.2% | 3.6% |
| Net earnings | $293M | $221M |
| Net margin | 2.9% | 2.6% |
| Operating cash flow | −$30.8M | $306M |
| Free cash flow | — | $223M |
| Market value | $6.8B | $13.9B |
| P/E | 8.8× | 15.5× |
| Analysts’ mean target | $391.20 | $210.86 |
Where the revenue comes from
Lithia Motors
- New vehicle: $4.9B (49%)
- Used vehicles: $3.6B (36%)
- Aftersales: $1.1B (11%)
- Finance and insurance: $361M (4%)
Penske Automotive Group
- Retail automotive dealership: $7.0B (83%)
- Retail commercial truck dealership: $1.1B (13%)
- Commercial vehicle distribution and other: $266M (3%)
Questions
Which is bigger, Lithia Motors or Penske Automotive Group?
Lithia Motors is the larger company: $9.9B of revenue in its latest quarter (Q3 2026) against $8.4B for Penske Automotive Group (Q3 2026).
Is Lithia Motors or Penske Automotive Group growing faster?
Penske Automotive Group is growing faster (+4% against +3% a year earlier).
Which is more profitable, Lithia Motors or Penske Automotive Group?
Lithia Motors is more profitable, with an operating margin of 4.2% against 3.6%.
More: Lithia Motors earnings · how Lithia Motors makes money · Penske Automotive Group earnings · how Penske Automotive Group makes money
From the companies' latest 10-Q, 10-K or earnings release (10-Q filed Oct 28, 2026; 10-Q filed Oct 29, 2026). Fiscal quarters can end on different dates. Not investment advice.