PENSKE AUTOMOTIVE GROUP EXPANDS PRESENCE IN FLORIDA

Core Viewpoint - Penske Automotive Group has completed the acquisition of two Lexus dealerships in Central Florida, which is expected to significantly enhance its revenue and market presence in a rapidly growing state [1]. Group 1: Acquisition Details - The acquired dealerships, Lexus of Orlando and Lexus of Winter Park, are projected to add approximately $450 million in annualized revenue [1]. - Since November 2025, Penske Automotive has acquired a total of six dealerships (two Toyota and four Lexus), which are anticipated to generate around $2 billion in estimated annualized revenues [1]. Group 2: Strategic Importance - This acquisition strengthens Penske Automotive's luxury portfolio and expands its footprint in Florida, a key market with long-term growth potential [1]. - The company aims to leverage its existing infrastructure in Central Florida to maintain the acquired dealerships' reputation for exceptional customer service and operational excellence [1]. Group 3: Financial Aspects - The purchase price for the dealerships and associated real estate was funded through cash flow from operations and availability under its U.S. credit agreement [1]. - Penske Automotive Group operates globally, employing over 27,700 people and managing a diverse range of transportation services [1].