Penske Automotive Group reported second quarter 2026 results with revenue increasing 6% to $8.5 billion and net income of $260 million, or $3.96 per share. The company delivered over 125,000 retail automotive units, a 5% increase year-over-year. Additionally, the Board approved a 1.4% increase in the quarterly dividend to $1.44 per share, payable September 1, 2026, to shareholders of record as of August 14, 2026. Penske Automotive Group operates as a diversified international transportation services company and is one of the world's premier automotive and commercial truck retailers.

Penske Automotive Group, Inc. declared a quarterly dividend of $1.44 per share, representing a 1.4% increase from the previous period. The dividend is payable on September 1, 2026, to shareholders of record as of August 14, 2026. Penske Automotive Group, Inc. is a diversified international transportation services company and automotive and commercial truck retailer.

Penske Automotive Group, Inc. received an unsolicited, preliminary, and non-binding proposal from Penske Corporation and Mitsui & Co., Ltd. to acquire the remaining 27.4% of the company's common stock for $210 per share in cash. The proposal implies an equity value of approximately $13.8 billion and represents a premium to recent volume-weighted average prices. The Board has established a special committee of disinterested and independent directors to review and consider the proposal. Penske Automotive Group, Inc. is a diversified international transportation services company and automotive and commercial truck retailer.