PENSKE AUTOMOTIVE GROUP, INC.
PAG · Retail-Auto Dealers & Gasoline Stations · 65.7M shares · -5%/yr ↓ buyback · EDGAR filings ↗
Net buyback after stock comp: $331M (gross $359M, SBC $28M)
Reference price $171.80 · est. market cap ~$11.3B — last insider sale, 2026-06-02 (estimated from the dated SEC Form 4 price × shares outstanding — not a live quote)
Grade
B74Large, diversified global auto/truck retailer with above-average returns and strong top-line growth, but thin dealer-model margins.
Strengths
- ROE ~16.8% (64th pct) and ROA 5.3% (68th) with net income growth 90th pct and revenue growth top of sector (100th)
- Diversified by brand (71% premium), geography, and business line, plus 28.9% PTS stake adding equity earnings and tax-advantaged cash
Risks
- Structurally thin net margin (2.9%) and weak liquidity (quick ratio 0.22, 13th pct); current ratio <1
- Cyclical exposure to UK premium softness, EV-incentive whipsaw, and a prolonged freight downturn pressuring PTS/PTG
Notable findings
- Weak liquidityCurrent ratio 0.99 (<1)
- Buying back stockNet buyback — share count -5%/yr over 4y
- Revenue declineRevenue -11.1% YoY
- Insider sellingInsider selling — 2 open-market sale(s) by 2 insider(s) (cluster of 2 insiders, ~$495,808, last 6mo) Form 4 ↗
Quarterly revenue
Last 4 quarters · from SEC filings.
Key metrics
Gross margin
16.4%
Operating margin
4.0%
Net margin
2.9%
Return on equity
16.8%
Return on assets
5.3%
ROIC
13.7%
Revenue growth (QoQ)
-11.1%
Net-income growth
-3.5%
Debt / equity
0.3×
Current ratio
1.0×
Tangible book value
$3.1B
Cash & investments
$65M
Stock comp / revenue
0.1%
Insider transactions · last 18 months
| Date | Insider | Type | Shares | Price |
|---|---|---|---|---|
| 2026-06-02 | Hulgrave Michelle | Sell | 1.5K | $171.80 |
| 2026-06-01 | Hulgrave Michelle | Tax withheld | 2.7K | $170.44 |
| 2026-06-01 | Denker Claude H III | Tax withheld | 3.0K | $170.44 |
| 2026-06-01 | PENSKE ROGER S | Tax withheld | 28K | $170.44 |
| 2026-06-01 | KURNICK ROBERT H JR | Tax withheld | 5.6K | $170.44 |
| 2026-06-01 | Spradlin Shane M. | Tax withheld | 3.2K | $170.44 |
| 2026-05-18 | SMITH GREG C | Sell | 1.5K | $160.02 |
| 2026-02-25 | Spradlin Shane M. | Grant | 5.0K | — |
| 2026-02-25 | KURNICK ROBERT H JR | Grant | 10.0K | — |
| 2026-02-25 | PENSKE ROGER S | Grant | 40K | — |
| 2026-02-25 | Denker Claude H III | Grant | 5.0K | — |
| 2026-02-25 | Spradlin Shane M. | Grant | 5.0K | — |
| 2026-02-25 | Denker Claude H III | Grant | 5.0K | — |
| 2026-02-25 | KURNICK ROBERT H JR | Grant | 10.0K | — |
| 2026-02-25 | PENSKE ROGER S | Grant | 40K | — |
| 2026-02-25 | Hulgrave Michelle | Grant | 5.0K | — |
| 2026-02-25 | Hulgrave Michelle | Grant | 5.0K | — |
| 2025-12-16 | EISENSON MICHAEL R | Grant | 1.5K | — |
| 2025-12-16 | Pierce Sandra E. | Grant | 1.5K | — |
| 2025-12-16 | Davis Lisa Ann | Grant | 1.5K | — |
| 2025-12-16 | SMITH GREG C | Grant | 1.5K | — |
| 2025-12-16 | THOMPSON H BRIAN | Grant | 1.8K | — |
| 2025-12-16 | PENSKE GREGORY W | Grant | 1.4K | — |
| 2025-11-24 | Hulgrave Michelle | Sell | 2.1K | $160.17 |
| 2025-11-21 | KURNICK ROBERT H JR | Gift | 943 | — |
| 2025-08-29 | Pierce Sandra E. | Sell | 1.6K | $187.05 |
| 2025-08-19 | Hulgrave Michelle | Sell | 1.1K | $182.55 |
| 2025-08-18 | Davis Lisa Ann | Sell | 1.6K | $180.74 |
| 2025-08-13 | Spradlin Shane M. | Sell | 3.0K | $184.30 |
| 2025-06-09 | Spradlin Shane M. | Sell | 3.2K | $167.10 |
| 2025-06-03 | SMITH GREG C | Sell | 1.5K | $161.64 |
| 2025-06-03 | PENSKE ROGER S | Sell | 77K | $161.37 |
| 2025-06-02 | KURNICK ROBERT H JR | Sell | 11K | $160.11 |
| 2025-06-02 | PENSKE ROGER S | Sell | 20K | $159.80 |
| 2025-06-02 | Hulgrave Michelle | Sell | 1.5K | $163.08 |
| 2025-06-01 | KURNICK ROBERT H JR | Tax withheld | 8.8K | $164.18 |
| 2025-06-01 | Spradlin Shane M. | Tax withheld | 4.9K | $164.18 |
| 2025-06-01 | Hulgrave Michelle | Tax withheld | 2.0K | $164.18 |
| 2025-06-01 | Denker Claude H III | Tax withheld | 4.5K | $164.18 |
| 2025-06-01 | PENSKE ROGER S | Tax withheld | 44K | $164.18 |
| 2025-03-13 | BARR JOHN | Sell | 1.5K | $155.45 |
| 2025-02-19 | Hulgrave Michelle | Grant | 4.3K | — |
| 2025-02-19 | Spradlin Shane M. | Grant | 4.3K | — |
| 2025-02-19 | KURNICK ROBERT H JR | Grant | 8.6K | — |
| 2025-02-19 | PENSKE ROGER S | Grant | 34K | — |
| 2025-02-19 | Denker Claude H III | Grant | 4.3K | — |
| 2025-02-14 | KURNICK ROBERT H JR | Gift | 1.4K | — |
| 2025-02-14 | Denker Claude H III | Sell | 8.7K | $173.03 |
All non-derivative Form 4 activity (SEC), newest first.
Supply chain
Customers (0)
Suppliers (23)
- Allison Transmission
- Freightliner
- Western Star
- Daimler
- MAN
- Dennis Eagle
- MTU
- Detroit Diesel
- Bergen Engines
- Audi
- BMW
- Land Rover
- Lexus
- Mercedes-Benz
- Porsche
- Toyota
- Honda
- Ferrari
- BYD
- Geely
- Chery
- Skoda
- Volkswagen
Named in the 10-K; linked when we track them.
Notable events (8-K)
| Date | Items | |
|---|---|---|
| 2026-05-14 | Shareholder voteOtherExhibits | filing ↗ |
| 2026-04-29 | ResultsReg FDExhibits | filing ↗ |
| 2026-02-11 | ResultsReg FDOtherExhibits | filing ↗ |
| 2025-11-19 | Material agreementReg FDExhibits | filing ↗ |
| 2025-10-29 | ResultsReg FDExhibits | filing ↗ |
| 2025-10-15 | OtherExhibits | filing ↗ |
| 2025-07-30 | ResultsReg FDExhibits | filing ↗ |
| 2025-07-23 | OtherExhibits | filing ↗ |
Recent filings
| Form | Filed | Period | Accession |
|---|---|---|---|
| 8-K | 2026-05-14 | 2026-05-13 | 0001628280-26-035192 ↗ |
| 10-Q | 2026-04-30 | 2026-03-31 | 0001628280-26-028868 ↗ |
| 8-K | 2026-04-29 | 2026-04-29 | 0001628280-26-028227 ↗ |
| 10-K | 2026-02-27 | 2025-12-31 | 0001628280-26-012830 ↗ |
| 8-K | 2026-02-11 | 2026-02-11 | 0001628280-26-007173 ↗ |
| 8-K | 2025-11-19 | 2025-11-19 | 0001628280-25-053042 ↗ |
| 10-Q | 2025-10-30 | 2025-09-30 | 0001628280-25-047533 ↗ |
| 8-K | 2025-10-29 | 2025-10-29 | 0001628280-25-047006 ↗ |
| 8-K | 2025-10-15 | 2025-10-15 | 0001628280-25-045120 ↗ |
| 10-Q | 2025-07-31 | 2025-06-30 | 0001019849-25-000097 ↗ |
| 8-K | 2025-07-30 | 2025-07-30 | 0001019849-25-000093 ↗ |
| 8-K | 2025-07-23 | 2025-07-23 | 0001019849-25-000091 ↗ |