Penske Automotive (US:PAG) Benzinga·2026-02-11 17:44Core Viewpoint - Penske Automotive Group, Inc. experienced a rise in shares despite mixed quarterly results, with strong revenue not compensating for decreased profitability as the company faces challenges in the truck freight market and global demand fluctuations [1] Quarterly Metrics - The company reported Q4 adjusted EPS of $2.91, which was below the consensus estimate of $3.10, while sales increased to $7.769 billion, surpassing estimates of $7.604 billion [2] - Net income attributable to common stockholders decreased to $186.1 million from $249.3 million year-over-year, and adjusted net income fell by 23% to $191.5 million [2] Vehicle Deliveries and Revenue - New vehicle deliveries declined by 10% overall, with U.S. units down 8% and international units down 14%. Retail commercial truck dealerships sold 3,789 units, generating $725.4 million in revenue and $33.8 million in pre-tax earnings [3] - For 2025, Penske delivered over 504,000 units, achieving nearly $32 billion in revenue and $1.3 billion in pre-tax earnings, facing challenges such as pull-forward sales and macroeconomic headwinds in the U.K. [3] Strategic Moves - The company has divested 23 non-strategic dealerships over the past two years and added two Toyota and four Lexus stores to enhance growth [4] - Liquidity is reported at $1.6 billion, which includes $65 million in cash and $1.5 billion available under credit agreements [4] Dividend Information - Penske Automotive approved a 1.4% increase in the quarterly dividend, raising it by 2 cents per share to $1.40 per share, representing a forward dividend yield of 3.4%, marking the 21st consecutive quarterly increase [5] - The company's shares are trading higher by 5.13% to $173.50 [5]