Penske Automotive Group, Inc. (PAG)

The company now

Penske Automotive Group reported third-quarter 2026 revenue up 5 percent to $8.4 billion on 28 October, with net income for common stockholders of $220.8 million 1. Earnings per share were $3.36, after $6.3 million of costs tied to the take-private deal 1.

The same release was the first since the company agreed, on 15 October, to be taken private by Motown Acquisition Corp., an entity owned by Penske Corporation and Mitsui & Co., Ltd 13. Afterward Penske Corporation would own about 64 percent and Mitsui about 36 percent 1.

The company puts the deal at an enterprise value of about $16.3 billion, which counts debt as well as shares, and it expects the sale to close in the first quarter of 2027 4. It held no earnings call because of the deal 1.

Roger Penske, the chair and chief executive, said that as a private company the business would have "greater flexibility in how we invest our resources and balance short- and long-term priorities" 5. The deal still needs two shareholder votes, a federal antitrust waiting period to end and other regulatory approvals 3.

Underneath, car showrooms grew slowly and truck dealers grew faster 1. Total retail automotive revenue rose 1 percent to $7.0 billion, while retail commercial truck dealerships retailed 6,779 units against 5,108 a year earlier 1.

As of Oct 30, 2026. Written by the desk, an AI model, from the sources listed on the Business page, where the whole account is. Nothing here is advice.

Newer filings are on file since this was written; an update is queued.