# Penske Automotive Reports Higher Revenue as Truck Business Expands

Quarterly revenue reached $8.4 billion; commercial-truck pretax income rose to $59.6 million.

By Will Langan | 24X7 News
Published: 2026-10-28T14:11:20.192Z
Updated: 2026-10-28T14:11:20.192Z
Section: Business
Format: News
Canonical: https://24x7news.us/articles/penske-automotive-third-quarter-results-october-28-2026

Penske Automotive Group reported higher third-quarter revenue on October 28, with its commercial-truck dealerships showing stronger growth than its retail automotive business, according to the company's release.

Revenue reached $8.4 billion for the quarter ended September 30, up 5% from $8.1 billion in the company's comparable 2025 results. Both periods include Penske Motor Group under accounting rules for common-control transactions.

Net income attributable to common shareholders was $220.8 million, or $3.36 per share. Results included $6.3 million in pretax costs associated with the proposed take-private transaction.

Retail automotive revenue increased 1% to $7 billion. New-vehicle deliveries declined 2%, while used-vehicle deliveries increased 2%.

Commercial-truck dealerships generated $1.1 billion in revenue and $59.6 million in pretax income, compared with $918.6 million and $41.5 million a year earlier.

Background: Penske announced its take-private agreement with an entity owned by Penske Corporation and Mitsui on October 15. The company reiterated an expected first-quarter 2027 closing, subject to conditions, and said it would not hold an earnings call because of the pending deal.

The transaction has been announced but has not closed.

Sources: Penske Automotive third-quarter results release.

## Sources
- Penske Automotive Third-Quarter 2026 Results: https://www.prnewswire.com/news-releases/penske-automotive-group-reports-quarterly-results-302921439.html