Penske Automotive Group reported second-quarter revenue of $8.51 billion, an 11.1% increase year on year and 6.5% above analyst estimates of $7.99 billion. Adjusted earnings per share came in at $3.62, beating the consensus of $3.39 by 6.7%, while adjusted EBITDA of $401.8 million exceeded expectations by 9%. Chairman and CEO Roger Penske attributed the outperformance to strong commercial truck demand, particularly a 170% surge in North American Class 8 truck orders at Premier Truck Group, along with growth in service and parts and international markets. Management expects the substantial commercial truck order backlog to convert into retail sales primarily in the second half of 2026, supporting continued momentum. The company also highlighted higher used truck margins, steady used car profitability, and expansion in service and parts operations with technician utilization near 84% in the U.S.
Penske Automotive Group IncStrong commercial truck demand, especially 170% surge in Class 8 orders, drove revenue and earnings beat.