InsiderClue
Stocks · Consumer discretionary · Retail-Auto Dealers & Gasoline Stations

PENSKE AUTOMOTIVE GROUP, INC.

PAG Clue Score31
United States Fiscal year ends December CIK 0001019849
$196.16 -0.95% Close, 9 Oct 2026
Alert on the numbers Alert on insider trades
Price $196.16 +91.38% Close, 9 Oct 2026

Closing prices at the end of each trading day, from 12 Oct 2016. Not a live quote. Adjusted for share splits, so the line has no step at a split; dividends are not added back. P/E and P/FCF are the market value over the last full fiscal year's net income or free cash flow, as public on each day, so they step once a year when the annual report comes out. A hatched band marks a stretch with none: a year of net loss, or of cash burnt.

Revenue and profit

What the business sells, and what is left of it. Point at a year for the detail.
RevenueOperating incomeNet income
Fiscal year 2016Revenue20.12Operating income0.57Net income0.34EPS, diluted3.99Fiscal year 2017Revenue21.39 +6.3%Operating income0.61Net income0.61 +78.9%EPS, diluted7.14 +78.9%Fiscal year 2018Revenue22.79 +6.5%Operating income0.66Net income0.47 −23.2%EPS, diluted5.53 −22.5%Fiscal year 2019Revenue23.18 +1.7%Operating income0.65Net income0.44 −7.5%EPS, diluted5.28 −4.5%Fiscal year 2020Revenue20.44 −11.8%Operating income0.70Net income0.54 +24.7%EPS, diluted6.74 +27.7%Fiscal year 2021Revenue25.55 +25.0%Operating income1.36Net income1.19 +118.5%EPS, diluted14.89 +120.9%Fiscal year 2022Revenue27.81 +8.8%Operating income1.49Net income1.38 +16.2%EPS, diluted18.55 +24.6%Fiscal year 2023Revenue30.92 +11.2%Operating income1.41Net income1.11 −19.7%EPS, diluted16.31 −12.1%Fiscal year 2024Revenue31.86 +3.1%Operating income1.37Net income0.97 −12.6%EPS, diluted14.49 −11.2%Fiscal year 2025Revenue31.81 −0.2%Operating income1.28Net income0.94 −3.5%EPS, diluted14.13 −2.5%
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Revenue 20.12 21.39 22.79 23.18 20.44 25.55 27.81 30.92 31.86 31.81
Growth +6.3% +6.5% +1.7% −11.8% +25.0% +8.8% +11.2% +3.1% −0.2%
Operating income 0.57 0.61 0.66 0.65 0.70 1.36 1.49 1.41 1.37 1.28
Net income 0.34 0.61 0.47 0.44 0.54 1.19 1.38 1.11 0.97 0.94
Growth +78.9% −23.2% −7.5% +24.7% +118.5% +16.2% −19.7% −12.6% −3.5%
EPS, diluted 3.99 7.14 5.53 5.28 6.74 14.89 18.55 16.31 14.49 14.13
Growth +78.9% −22.5% −4.5% +27.7% +120.9% +24.6% −12.1% −11.2% −2.5%

Margins

How much of each dollar of revenue it keeps. Point at a year for the detail.
Gross marginOperating marginNet margin
Fiscal year 2016Gross margin14.7%Operating margin2.9%Net margin1.7%Free cash flow margin0.8%Fiscal year 2017Gross margin15.1%Operating margin2.9%Net margin2.9%Free cash flow margin1.8%Fiscal year 2018Gross margin15.0%Operating margin2.9%Net margin2.1%Free cash flow margin1.4%Fiscal year 2019Gross margin14.9%Operating margin2.8%Net margin1.9%Free cash flow margin1.2%Fiscal year 2020Gross margin15.6%Operating margin3.4%Net margin2.7%Free cash flow margin5.0%Fiscal year 2021Gross margin17.4%Operating margin5.3%Net margin4.6%Free cash flow margin4.1%Fiscal year 2022Gross margin17.4%Operating margin5.3%Net margin5.0%Free cash flow margin4.2%Fiscal year 2023Gross margin16.6%Operating margin4.6%Net margin3.6%Free cash flow margin2.5%Fiscal year 2024Gross margin16.4%Operating margin4.3%Net margin3.0%Free cash flow margin2.7%Fiscal year 2025Gross margin16.4%Operating margin4.0%Net margin2.9%Free cash flow margin2.0%
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Gross margin 14.7% 15.1% 15.0% 14.9% 15.6% 17.4% 17.4% 16.6% 16.4% 16.4%
Operating margin 2.9% 2.9% 2.9% 2.8% 3.4% 5.3% 5.3% 4.6% 4.3% 4.0%
Net margin 1.7% 2.9% 2.1% 1.9% 2.7% 4.6% 5.0% 3.6% 3.0% 2.9%
Free cash flow margin 0.8% 1.8% 1.4% 1.2% 5.0% 4.1% 4.2% 2.5% 2.7% 2.0%

Cash flow

The cash the business makes, what it reinvests, and what it hands back. Point at a year for the detail.
Operating cash flowCapital expenditureFree cash flow
Fiscal year 2016Operating cash flow0.37Capital expenditure−0.20Free cash flow0.17Buybacks−0.17Dividends paid−0.10Fiscal year 2017Operating cash flow0.62Capital expenditure−0.25Free cash flow0.38 +123.5%Buybacks−0.02Dividends paid−0.11Fiscal year 2018Operating cash flow0.61Capital expenditure−0.31Free cash flow0.31 −17.9%Buybacks−0.07Dividends paid−0.12Fiscal year 2019Operating cash flow0.52Capital expenditure−0.25Free cash flow0.27 −11.5%Buybacks−0.17Dividends paid−0.13Fiscal year 2020Operating cash flow1.20Capital expenditure−0.19Free cash flow1.02 +272.0%Buybacks−0.03Dividends paid−0.07Fiscal year 2021Operating cash flow1.29Capital expenditure−0.25Free cash flow1.04 +2.7%Buybacks−0.28Dividends paid−0.14Fiscal year 2022Operating cash flow1.46Capital expenditure−0.28Free cash flow1.18 +12.8%Buybacks−0.87Dividends paid−0.15Fiscal year 2023Operating cash flow1.15Capital expenditure−0.39Free cash flow0.76 −35.5%Buybacks−0.36Dividends paid−0.19Fiscal year 2024Operating cash flow1.23Capital expenditure−0.38Free cash flow0.85 +12.3%Buybacks−0.06Dividends paid−0.27Fiscal year 2025Operating cash flow0.98Capital expenditure−0.32Free cash flow0.65 −23.7%Buybacks−0.16Dividends paid−0.34
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Operating cash flow 0.37 0.62 0.61 0.52 1.20 1.29 1.46 1.15 1.23 0.98
Capital expenditure −0.20 −0.25 −0.31 −0.25 −0.19 −0.25 −0.28 −0.39 −0.38 −0.32
Free cash flow 0.17 0.38 0.31 0.27 1.02 1.04 1.18 0.76 0.85 0.65
Growth +123.5% −17.9% −11.5% +272.0% +2.7% +12.8% −35.5% +12.3% −23.7%
Buybacks −0.17 −0.02 −0.07 −0.17 −0.03 −0.28 −0.87 −0.36 −0.06 −0.16
Dividends paid −0.10 −0.11 −0.12 −0.13 −0.07 −0.14 −0.15 −0.19 −0.27 −0.34

Balance sheet

What it holds against what it owes, at each year end. Point at a year for the detail.
CashTotal debt
Fiscal year 2016Cash0.02Total debt1.88Net cash (debt)−1.85Shareholders’ equity1.75Debt to equity1.07Fiscal year 2017Cash0.05Total debt2.16Net cash (debt)−2.12Shareholders’ equity2.40Debt to equity0.90Fiscal year 2018Cash0.04Total debt2.22Net cash (debt)−2.18Shareholders’ equity2.61Debt to equity0.85Fiscal year 2019Cash0.03Total debt2.36Net cash (debt)−2.33Shareholders’ equity2.79Debt to equity0.84Fiscal year 2020Cash0.05Total debt1.69Net cash (debt)−1.64Shareholders’ equity3.30Debt to equity0.51Fiscal year 2021Cash0.10Total debt1.47Net cash (debt)−1.37Shareholders’ equity4.07Debt to equity0.36Fiscal year 2022Cash0.11Total debt1.62Net cash (debt)−1.52Shareholders’ equity4.15Debt to equity0.39Fiscal year 2023Cash0.10Total debt1.63Net cash (debt)−1.53Shareholders’ equity4.73Debt to equity0.34Fiscal year 2024Cash0.08Total debt1.85Net cash (debt)−1.77Shareholders’ equity5.40Debt to equity0.34Fiscal year 2025Cash0.06Total debt2.17Net cash (debt)−2.10Shareholders’ equity5.56Debt to equity0.39
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Cash 0.02 0.05 0.04 0.03 0.05 0.10 0.11 0.10 0.08 0.06
Total debt 1.88 2.16 2.22 2.36 1.69 1.47 1.62 1.63 1.85 2.17
Net cash (debt) −1.85 −2.12 −2.18 −2.33 −1.64 −1.37 −1.52 −1.53 −1.77 −2.10
Shareholders’ equity 1.75 2.40 2.61 2.79 3.30 4.07 4.15 4.73 5.40 5.56
Debt to equity 1.07 0.90 0.85 0.84 0.51 0.36 0.39 0.34 0.34 0.39

In billions of USD, except per-share figures and ratios. Fiscal years, as last filed with the SEC.

Financial statements FY2025 · 10-K

Income statement

In billions of USD, except per-share figures; shares in millions. Fiscal years ending December, each column as last filed with the SEC.
Click a line to chart it
Fiscal year FY2016 31 Dec 2016 FY2017 31 Dec 2017 FY2018 31 Dec 2018 FY2019 31 Dec 2019 FY2020 31 Dec 2020 FY2021 31 Dec 2021 FY2022 31 Dec 2022 FY2023 31 Dec 2023 FY2024 31 Dec 2024 FY2025 31 Dec 2025
Revenue and profit
20.12 21.39 22.79 23.18 20.44 25.55 27.81 30.92 31.86 31.81
Growth +6.3% +6.5% +1.7% −11.8% +25.0% +8.8% +11.2% +3.1% −0.2%
17.15 18.16 19.37 19.72 17.26 21.11 22.98 25.77 26.65 26.59
2.97 3.22 3.41 3.46 3.18 4.44 4.84 5.15 5.22 5.22
Growth +8.6% +6.0% +1.2% −7.8% +39.5% +9.0% +6.4% +1.4% −0.0%
2.30 2.52 2.65 2.69 2.36 2.96 3.22 3.55 3.69 3.76
0.57 0.61 0.66 0.65 0.70 1.36 1.49 1.41 1.37 1.28
Growth +6.3% +8.8% −1.8% +7.9% +92.5% +9.7% −5.3% −2.8% −6.5%
0.51 0.55 0.60 0.59 0.71 1.61 1.86 1.48 1.29 1.26
0.16 −0.06 0.13 0.16 0.16 0.42 0.47 0.36 0.32 0.33
0.34 0.61 0.47 0.44 0.54 1.19 1.38 1.11 0.97 0.94
Growth +78.9% −23.2% −7.5% +24.7% +118.5% +16.2% −19.7% −12.6% −3.5%
Per share
3.99 7.14 5.53 5.28 6.74 14.89 18.55 16.31 14.49 14.13
3.99 7.14 5.53 5.28 6.74 14.89 18.55 16.31 14.49 14.13
Growth +78.9% −22.5% −4.5% +27.7% +120.9% +24.6% −12.1% −11.2% −2.5%
86.0 85.9 85.2 82.5 80.6 79.7 74.4 68.0 66.9 66.2
86.0 85.9 85.2 82.5 80.6 79.7 74.4 68.0 66.9 66.2
Growth −0.1% −0.8% −3.1% −2.3% −1.1% −6.7% −8.6% −1.6% −1.0%

Five years in brief

Worked out from the figures above, not from a press release
  • Revenue grew 9.2% a year over five years, and earnings per share grew 16.0% a year.
  • The diluted share count fell 17.9% in five years, so buybacks did some of the work per share.
  • Operating margin is flat at 4.0%.
  • Profitable in every one of the 10 years on file.