Penske Q1 revenue beats estimates on service and parts growth

Penske Automotive

29/04/2026 12:06

Overview

U.S. auto and truck retailer's Q1 revenue beat analyst expectations but declined 1% yr/yr

Company completed acquisitions totaling $450 mln in estimated annualized revenue and repurchased 170,393 shares

Result Drivers

SERVICE & PARTS GROWTH - Retail automotive service and parts revenue rose 4.6% and gross profit increased 5.7%, helping offset declines in vehicle sales

NEW VEHICLE SALES DECLINE - U.S. new vehicle sales fell, mainly due to weather disruptions, prior-year tariff-related pull-forward, and lower EV demand from regulatory easing and tax credit expirations

Company press release: ID:nPnb1PgP2a

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Revenue
Beat
$7.86 bln
$7.71 bln (7 Analysts)
Q1 EPS
$3.56
Q1 Net Income
$234.90 mln
Q1 Gross Profit
$1.30 bln
Q1 Operating Income
$289 mln


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 6 "strong buy" or "buy", 4 "hold" and 1 "sell" or "strong sell"

The average consensus recommendation for the auto vehicles, parts & service retailers peer group is "buy"

Wall Street's median 12-month price target for Penske Automotive Group Inc is $182.50, about 13% above its April 28 closing price of $161.55

The stock recently traded at 12 times the next 12-month earnings vs. a P/E of 11 three months ago

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)