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Operates a large network of new/used vehicle dealerships and commercial truck dealerships across the US, UK and other countries.
Operates a large network of new/used vehicle dealerships and commercial truck dealerships across the US, UK and other countries.
Vehicle sales bring in the most revenue, but parts, service and finance and insurance carry a larger share of profit than of sales. It sells as a dealer under manufacturers' franchise agreements. It also owns a stake in Penske Transportation Solutions, a truck leasing and logistics company, and the Penske family's Penske Corporation is the largest shareholder.
Moat: narrow (scale, distribution). Large multi-brand dealership network and service/parts recurring revenue, though auto retail is fragmented and cyclical.
Headquarters: Bloomfield Hills, Michigan, United States · Founded: 1990 · Employees: 27,700
Size Penske Automotive (PAG) is a United States Consumer Discretionary company (Specialty Stores) with a market value of $13.9B, the 634th largest of 3,117 United States companies the cockpit tracks. Shares closed at $212.36 on 6 Nov 2026.
Performance Over six months the shares gained 22.2%, against +18.6% for the median peer and -1.1% for the United States market (cap-weighted) — 10th highest of 21 in its peer set.
Growth Revenue grew 6.1% over the last twelve months (peer median +6.0%); the operating margin is 3.5% (peer median 5.1%).
Valuation It trades at 15.2× forward earnings against a peer median of 17.8× (7th cheapest of 21).
Price implies For today's price to make sense, revenue must grow about 13% a year for seven years (Req g). Recent delivered growth is +9%, so the hurdle is +3 pp: the price needs faster growth than the company has been delivering — of companies that just grew 25–50% a year, 93.8% slowed down over the next four years.
Capital Return on invested capital runs 1.9 points below its cost of capital (7.8% WACC).
Credit Penske Automotive has 1 bond outstanding ($500M), rated BB- by the agencies and trading like BBB- at a weighted spread of 114 bp.
Short interest Short interest is 4.1% of the free float (15 Oct 2026).
Next results Next results expected around 10 Feb 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | $32.6B | $31.8B | $31.9B | $29.5B | $27.8B |
| Revenue growth | — | 0% | +8% | +6% | — |
| Gross profit | $5.04B | $5.04B | $5.06B | $4.79B | $4.71B |
| EBITDA | $1.31B | $1.28B | $1.34B | $1.40B | $1.56B |
| Net income | $902M | $935M | $969M | $1.05B | $1.38B |
| Free cash flow | $363M | $740M | $580M | $58.6M | $689M |
| Capital expenditure | $315M | $325M | $378M | $375M | $282M |
| Total debt | $9.14B | $8.82B | $8.44B | $7.82B | $7.05B |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
| Company | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g |
|---|---|---|---|---|---|---|
| Penske Automotive PAG | $13.9B | +22% | +6% | 3% | 15.2× | 12.6% |
| AutoNation AN | $5.88B | -11% | -2% | 5% | 8.3× | n/a |
| Lithia Motors LAD | $6.68B | +5% | +1% | 4% | 8.0× | n/a |
| Group 1 Automotive GPI | $3.12B | -27% | -3% | 5% | 7.1× | -6.1% |
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | PAG | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | +7.2% | +5.4% | 8th highest of 21 |
| 6-month return | +22.2% | +18.6% | 10th highest of 21 |
| Distance from 52-week high | -6.5% | -15.3% | 4th highest of 21 |
| Revenue growth (TTM) | +6.1% | +6.0% | 11th highest of 21 |
| Operating margin | 3.5% | 5.1% | 4th lowest of 21 |
| Forward P/E | 15.2× | 17.8× | 7th cheapest of 21 |
| Growth the price implies (Req g, 7 yrs) | 12.6% | 5.9% | 5th most demanding of 17 |
| Growth delivered (Del g) | +9.2% | +7.4% | 8th highest of 17 |
| Hurdle (Req g minus delivered) | +3.3 pp | -3.0 pp | 5th most demanding of 17 |
| ROIC minus cost of capital | -1.9 pp | +5.0 pp | 5th lowest of 20 |
| Net debt / EBITDA | 7.0× | 2.2× | 4th most indebted of 21 |
| Bond spread | 114 bp | 143 bp | 4th tightest of 8 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Penske Automotive PAG | United States | $13.9B | +22% | +6% | 3% | 15.2× | 12.6% | +9.2% |
| BJ's Wholesale Club BJ | United States | $13.8B | +18% | +9% | 4% | 22.4× | -0.7% | +6.8% |
| Wayfair W | United States | $15.3B | +69% | +8% | 2% | 29.6× | 47.7% | -2.5% |
| Dick's Sporting Goods DKS | United States | $12.5B | -35% | +54% | 6% | 11.8× | 8.7% | +12.4% |
| Nitori 9843.T | Japan | $11.7B | +47% | 0% | 13% | 20.0× | 2.7% | +4.9% |
| Carrefour CA.PA | France | $11.1B | -21% | -8% | 3% | 8.4× | -1.2% | +3.1% |
| Tractor Supply TSCO | United States | $18.9B | +20% | +4% | 9% | 18.0× | 4.1% | +7.9% |
| Sanrio 8136.T | Japan | $9.78B | +33% | +28% | 39% | 22.4× | 1.9% | +36.4% |
| Murphy USA MUSA | United States | $9.45B | -10% | +20% | 4% | 17.5× | -9.4% | +11.5% |
| CarMax KMX | United States | $7.31B | +28% | +4% | 2% | 15.5× | 17.6% | +6.7% |
| Pepco Group BV PCO.WA | Poland | $7.18B | +58% | -42% | 15% | 16.8× | 4.6% | +4.5% |
| Ulta Beauty ULTA | United States | $27.6B | +24% | +11% | 13% | 21.1× | 7.1% | +15.0% |
| Lithia Motors LAD | United States | $6.68B | +5% | +1% | 4% | 8.0× | n/a | n/a |
| Williams-Sonoma WSM | United States | $29.9B | +40% | +2% | 19% | 25.6× | 15.4% | +2.9% |
| Kalyan Jewellers India KALYANKJIL.NS | India | $6.47B | +44% | +46% | 6% | 37.6× | n/a | n/a |
| Ultrapar Participacoes S.A. Sponsored ADR UGP | United States | $6.12B | -11% | +20% | 5% | 7.0× | -12.6% | +12.2% |
| AutoNation AN | United States | $5.88B | -11% | -2% | 5% | 8.3× | n/a | n/a |
| Frasers FRAS.L | United Kingdom | $5.64B | +44% | +8% | 7% | 9.1× | n/a | n/a |
| Rush Enterprises RUSHA | United States | $5.54B | +6% | -3% | 5% | 15.4× | 7.9% | +9.4% |
| PriceSmart PSMT | United States | $5.02B | +3% | +12% | 5% | 27.2× | 10.5% | +10.2% |
| Endeavour EDV.AX | Australia | $4.48B | +10% | +1% | 4% | 21.4× | 14.9% | +1.0% |
Penske Automotive has 1 bond outstanding with $500M face value. The agencies rate it BB-; its bonds trade like BBB-. Weighted yield 5.66%, a spread of 114 bp over government bonds.