Penske Automotive Q3 Revenue Rises 5% to $8.4B Ahead of Take-Private
Bloomfield Hills – October 29, 2026 -- Penske Automotive Group (NYSE: PAG) reported third-quarter revenue of $8.4 billion, up 5% from $8.1 billion a year earlier, and net income attributable to common stockholders of $220.8 million, or $3.36 per share. The results come as the company moves toward a take-private deal that values it at an enterprise value of about $16.3 billion.
Penske Corporation and Mitsui will pay $212 per share to take PAG private
Under a merger agreement announced on October 15, 2026, Motown Acquisition Corp., owned by Penske Corporation and Mitsui & Co., Ltd., will acquire all PAG common stock held outside the investor group for $212.00 per share in cash. After closing, Penske is to hold about 64% of the company and Mitsui about 36%. Closing is expected in the first quarter of 2027, subject to closing conditions.