Penske Auto

Q2 FY2026 EarningsQ2 FY26 results were mixed relative to consensus, with a top-line beat but normalized earnings in-line. Revenue of $8.51B exceeded the $7.98B mean expectation, driven by strong growth in the Australian commercial vehicle segment and resilient U.K. retail automotive deliveries. GAAP EPS of $3.96 beat the $3.39 consensus, though this was largely aided by a $30.5M pre-tax gain on dealership sales. Gross margin of 15.9% fell short of the 16.5% expectation, reflecting a competitive selling environment and compressed vehicle margins.