NYSE:PAGSpecialty Retail
Penske Automotive (PAG) Is Up 5.9% After Record Service Revenue Offsets Softer Vehicle Demand
Penske Automotive Group reported past first-quarter 2026 results with sales of US$7,657.8 million, net income of US$234.5 million, and basic earnings per share of US$3.56, slightly lower than a year earlier but ahead of analyst expectations.
The quarter highlighted record service and parts revenue and new Lexus dealership acquisitions expected to add US$450 million in annualized sales, helping offset softer new-vehicle and commercial truck demand.
Next, we’ll examine how this record service...