Penske Automotive Group Acquires Longo Toyota, Longo Lexus, and Lexus Stevens Creek in California and Texas
Penske Automotive Group has acquired Longo Toyota, Longo Lexus, and Lexus Stevens Creek in California and Texas, expanding its presence in these states. The dealerships sold over 28,000 vehicles in 2024 and are expected to generate $1.5 billion in annual revenue. The acquisition was completed on November 19, 2025, using existing credit and a note payable to the seller.
Penske Automotive Group has expanded its presence in California and Texas with the acquisition of Longo Toyota and Longo Lexus in El Monte, California, Lexus of Stevens Creek in San Jose, California, and Longo Toyota of Prosper in Prosper, Texas. The newly acquired dealerships retailed over 28,000 new and used vehicles in 2024 and are expected to contribute approximately $1.5 billion in estimated annualized revenue. Longo Toyota has been the top-volume Toyota dealership in the U.S. for 58 consecutive years, while Longo Lexus and Lexus Stevens Creek have held leading positions in their respective regions for decades. The transaction was completed on November 19, 2025, using existing credit availability and a note payable to the seller. Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Penske Automotive Group Inc. published the original content used to generate this news brief via PR Newswire (Ref. ID: DE28368) on November 19, 2025, and is solely responsible for the information contained therein. © Copyright 2025 - Public Technologies (PUBT)
