Penske Automotive Group, Inc. reported a total revenue of $7.7 billion for the third quarter of 2025, reflecting a 1.4% increase from $7.6 billion in the same period last year. For the nine months ending September 30, 2025, the company generated $23.0 billion in revenue, up from $22.7 billion in 2024. The net income attributable to Penske Automotive Group common stockholders for the third quarter was $213.0 million, a decrease from $226.1 million in the prior year, while year-to-date net income rose to $707.3 million from $682.5 million. Basic earnings per share for the third quarter were $3.23, down from $3.39 in 2024.
The company experienced notable changes in its retail automotive and commercial truck dealership segments. Retail automotive dealership revenue increased to $6.6 billion in the third quarter, up from $6.3 billion, driven by a rise in new vehicle sales. However, retail commercial truck dealership revenue decreased to $918.6 million from $1.1 billion, attributed to a decline in new truck sales amid a challenging freight market. The gross profit for the third quarter was $1.25 billion, slightly up from $1.24 billion in the previous year, while the gross profit margin remained stable at approximately 16.2%.
Penske Automotive Group has made strategic moves, including the acquisition of a retail automotive franchise in Italy, which contributed $7.0 million in revenue since its acquisition. The company also opened several new dealerships, including three in the U.K. and one in the U.S. As of September 30, 2025, Penske operated 356 retail automotive franchised dealerships globally, with 147 in the U.S. and 209 in international markets. The company reported a total employee headcount of over 28,300, reflecting its ongoing commitment to expanding its operations.
Operationally, the company reported a decrease in retail unit sales of new vehicles, which fell by 1.4% year-over-year, while used vehicle sales also saw a decline of 5.2%. The average gross profit per new vehicle sold decreased, indicating pressure on margins due to rising costs and changing consumer preferences. The company noted that its service and parts revenue increased by 5.2%, driven by higher customer pay revenue and warranty opportunities, which are expected to continue as vehicles age and require more maintenance.
Looking ahead, Penske Automotive Group anticipates challenges from macroeconomic factors, including inflation and potential tariffs on vehicles and parts. The company is closely monitoring the impact of these factors on its operations and profitability. Despite these challenges, Penske remains optimistic about its growth prospects, particularly in the service and parts segment, and plans to continue its strategic expansion in both domestic and international markets.
About PENSKE AUTOMOTIVE GROUP, INC.
Penske Automotive Group is a global transportation services company primarily engaged in automotive and commercial truck retailing, distribution, and related services. It operates franchised dealerships offering new and used vehicles, maintenance, parts, and financing across multiple countries. The company also owns significant interests in truck leasing, logistics, and power systems, providing diversified revenue streams and competitive advantages in vehicle sales, service, and fleet management.
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