Q1 26 EPS
$3.56
BEAT +23.41%
Est. $2.88
Q1 26 Revenue
$7.86B
BEAT +2.01%
Est. $7.71B
vs S&P Since Q1 26
+26.4%
BEATING MARKET
PAG +34.0% vs S&P +7.6%
Market Reaction
Did PAG Beat Earnings? Q1 2026 Results
Penske Automotive Group delivered a decisive earnings beat in the first quarter of 2026, posting diluted EPS of $3.56 against a consensus estimate of $2.88, a 23.41% positive surprise, even as the results reflected year-over-year pressure from a toug… Read more Penske Automotive Group delivered a decisive earnings beat in the first quarter of 2026, posting diluted EPS of $3.56 against a consensus estimate of $2.88, a 23.41% positive surprise, even as the results reflected year-over-year pressure from a tough prior-period comparison. Revenue climbed 3.4% to $7.86 billion, edging past the $7.71 billion consensus by 2.01%, though GAAP net income slipped from the year-ago quarter amid headwinds that included weather disruptions early in the period, softening U.S. EV demand, and a freight market that continued to weigh on the commercial truck segment, where unit deliveries fell 24%. The brightest internal driver was the service and parts business, where retail automotive revenue rose 4.6% to $863.90 million and same-store gross profit expanded 60 basis points to a 59.0% margin. Recent dealership acquisitions, including two Toyota and four Lexus stores added over the past six months, are expected to contribute roughly $2 billion in annualized revenue, giving management reason for cautious optimism heading into the remainder of the year.
Key Takeaways
- • Sequential increase in new and used vehicle gross profit per unit in retail automotive
- • Retail automotive service and parts revenue grew 4.6% to $864 million with same-store gross profit up 5.7%
- • Used vehicle revenue increased 7.3% on higher per-unit pricing
- • Penske Transportation Solutions equity earnings increased 24% to $41.1 million
- • New vehicle unit deliveries declined 5% from weather disruptions, tariff-related prior-year pull-forward, and lower EV demand
- • Retail commercial truck units retailed dropped 24% due to weak freight environment in prior quarters
- • Foreign currency exchange positively impacted revenue by $227.6 million and EPS by $0.05
PAG YoY Financials
Q1 2026 vs Q1 2025, source: SEC Filings
PAG Revenue by Segment
With YoY comparisons, source: SEC Filings
“In the first quarter of 2026, our business delivered over 126,000 retail automotive and commercial truck units, generated $7.9 billion in revenue and $323.7 million in earnings before taxes. During the quarter, we continued to demonstrate a flexible approach to capital allocation by completing the acquisition of two Lexus dealerships in the Orlando metropolitan area of Central Florida, increasing the dividend paid to stockholders by 1.4% and repurchasing 170,393 shares of common stock.”
— Roger Penske, Q1 2026 Earnings Press Release
PAG Earnings Trends
PAG vs Market 30 Day Price Reactions
30-day stock return vs benchmark after each earnings
PAG EPS Trend
Earnings per share: estimate vs actual
PAG Revenue Trend
Quarterly revenue: estimate vs actual
PAG Quarterly Results
6 quarters of earnings data
| Quarter | EPS Est. | EPS Act. | Surprise | Revenue | Rev. Surprise |
|---|---|---|---|---|---|
| Q2 26 BEAT | $3.39 | $3.62 | +6.71% | $8.51B | +6.67% |
| Q1 26 BEAT | $2.88 | $3.56 | +23.41% | $7.86B | +2.01% |
| Q4 25 MISS FY | $3.09 | $2.83 | -8.52% | $7.77B | +1.89% |
| FY Full Year | $13.50 | $14.13 | +4.63% | $31.81B | +3.82% |
| Q3 25 MISS | $3.40 | $3.23 | -5.01% | $7.70B | -0.30% |
| Q2 25 BEAT | $3.56 | $3.78 | +6.10% | $7.66B | -0.82% |
| Q1 25 BEAT | $3.28 | $3.39 | +3.40% | $7.60B | -1.55% |