Penske Automotive

Penske is an automotive dealership firm that distributes commercial vehicles, diesel engines, gas engines, power systems and spare parts. Read more

2,374 Followers on Owler
2,374 Followers on Owler
2,374 Followers on Owler
2,374 Followers on Owler

Penske Automotive

Penske is an automotive dealership firm that distributes commercial vehicles, diesel engines, gas engines, power systems and spare parts. Read more

PENSKE AUTOMOTIVE TOP COMPETITORS OR ALTERNATIVES

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AutoNation is perceived as one of Penske Automotive's biggest rivals. AutoNation was founded in 1996, and its headquarters is in Fort Lauderdale, Florida. Like Penske Automotive, AutoNation also works within the Automobile Dealers, Service providers, Online Platforms field. AutoNation has 5,400 fewer employees than Penske Automotive.

CarMax is one of Penske Automotive's top rivals. CarMax is a Public company that was founded in 1993 in Richmond, Virginia. Like Penske Automotive, CarMax also competes in the Automobile Dealers, Service providers, Online Platforms sector. Compared to Penske Automotive, CarMax has 111 fewer employees.

Group 1 is Penske Automotive's #3 rival. Group 1 is a Public company that was founded in Houston, Texas in 1997. Like Penske Automotive, Group 1 also operates in the Automobile Dealers, Service providers, Online Platforms sector. Group 1 has 14,663 fewer employees vs. Penske Automotive.

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Penske Automotive Quarterly and Annual Revenue

Trailing 12-Months Trend (TTM)

Annual Revenue

$20.4B

Penske Automotive's revenue is the ranked 3rd among it's top 10 competitors. The top 10 competitors average 10.3B. Over the last four quarters, Penske Automotive's revenue has grown by 58.1%. Specifically, in Q1 2021's revenue was $5.8B; in Q4 2020, it was $5.8B; in Q3 2020, it was $6B; in Q2 2020, Penske Automotive's revenue was $3.7B.

Penske Automotive Acquisitions

COMPANY ACQUIRED
ACQUISITION DATE
AMOUNT
DESCRIPTION
Kansas City Freightliner Sales

Mar 2021

Source »
undisclosed
KCFL is a distributor of new and used medium and heavy-duty commercial trucks and related accessories for businesses.

-

-

Aug 2020

Source »
undisclosed
-

-

-

Jan 2018

Source »
undisclosed
-
Car Shops Limited

Jan 2017

Source »
undisclosed
Car Shops operates as an automotive retailer that offers sales of new and used cars.
Car Sense Inc

Dec 2016

Source »
undisclosed
Car Sense is a dealer of used vehicles such as coupes, hatchbacks, hybrids, minivans, pickup trucks, sedans, sport utilities and wagons.

These are all the companies that Penske Automotive has acquired. Penske Automotive has acquired 18 companies and its latest acquisition was Kansas City Freightliner Sales in Mar 2021. KCFL is a distributor of new and used medium and heavy-duty commercial trucks and related accessories for businesses.

Penske Automotive Funding History

Since Penske Automotive was founded in 1990, it has participated in 1 round of funding. In total Penske Automotive has raised $550.0M. Penske Automotive's funding round was on Aug 2020 for a total of $550.0M

ROUND

FUNDING DATE

AMOUNT

INVESTORS

Debt
Aug 2020
$550M
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Since Penske Automotive was founded in 1990, it has participated in 1 round of funding. In total Penske Automotive has raised $550.0M. Penske Automotive's funding round was on Aug 2020 for a total of $550.0M

Penske Automotive Investments

COMPANY

DESCRIPTION

AMOUNT

INVESTMENT DATE

ROUND

EXIT DATE

RideCell is a SaaS-based platform that provides fleet management, tracking and vehicle monitoring solutions for rental and shared mobility markets.
$28.6M
Apr 29, 2018
Series B
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Fair is an online platform that provides auto refinancing solutions for vehicle owners and lenders.
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Oct 22, 2017
Equity
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Nicole Group is a car dealership firm that distributes luxury cars such as BMW, Rolls-Royce, Ferrari and more.
-
Jan 07, 2016
Equity
-

These are all the companies that Penske Automotive has invested in. Penske Automotive has invested 18 companies and its latest investment was Kansas City Freightliner Sales in Mar 2021. KCFL is a distributor of new and used medium and heavy-duty commercial trucks and related accessories for businesses.

Penske Automotive News

April 28, 2021DBusiness Magazine

Penske Automotive Reports All Time Record 1Q Results

Penske Automotive Group in Bloomfield Township reported the highest first quarter revenue, income fro... See more »
April 13, 2021Collision Week

Penske Automotive Acquisition of Kansas City Freightliner Includes Collision Repair Centers in Kansas and Missouri

Penske Automotive Group, Inc. (NYSE:PAG) and Premier Truck Group (PTG), its wholly-owned commercial v... See more »
March 10, 2021SBJ

Penske to buy KC commercial truck dealer

Penske Automotive Group Inc. penned a deal to purchase commercial truck dealer Kansas City Freightlin... See more »
March 8, 2021The Business Journals: Kansas City

Large KC-based commercial truck dealer will sell to Penske Automotive Group

The local dealer sells and services trucks at two area locations and four more throughout Missouri.... See more »
March 5, 2021Transport Topics

Penske Agrees to Acquire Kansas City Freightliner

Penske Automotive Group Inc. announced it entered into an agreement to acquire Kansas City Freightlin... See more »
January 27, 2021MarketScreener

To Host Fourth Quarter 2020 Results Conference Call

(marketscreener.com) BLOOMFIELD HILLS, Mich., Jan. 27, 2021 /PRNewswire/ -- Penske Automotive Group, ... See more »

Penske Automotive Press Releases

October 15, 2020PR Newswire

Penske Automotive Group To Host Third Quarter Results Conference Call

BLOOMFIELD HILLS, Mich., Oct. 15, 2020 /PRNewswire/ -- Penske Automotive Group, Inc. (NYSE:PAG), an i... See more »
April 30, 2020centralcharts

Penske Automotive To Hold Audio Annual Meeting Of Stockholders

Penske Automotive To Hold Audio Annual Meeting Of Stockholders PR Newswire BLOOMFIELD HILLS, Mich., A... See more »
April 22, 2020centralcharts

Penske Automotive Group To Host First Quarter Results Conference Call

Penske Automotive Group To Host First Quarter Results Conference Call PR Newswire BLOOMFIELD HILLS, M... See more »
August 27, 2019PR Newswire

Penske Automotive Opens Its 15th Used Vehicle Supercenter

BLOOMFIELD HILLS, Mich., Aug. 27, 2019 /PRNewswire/ -- Penske Automotive Group, Inc. (NYSE: PAG), an ... See more »
April 25, 2019PR Newswire

Penske Automotive Reports First Quarter 2019 Results

BLOOMFIELD HILLS, Mich., April 25, 2019 /PRNewswire/ -- Penske Automotive Group, Inc. (NYSE: PAG), a ... See more »
February 7, 2019centralcharts

Penske Automotive Reports Record Results

BLOOMFIELD HILLS, Mich., Feb. 7, 2019 /PRNewswire/ -- Penske Automotive Group, Inc. (NYSE: PAG), a di... See more »
January 18, 2019CentralCharts

Penske Automotive Group To Host Fourth Quarter And Full-Year Earnings Conference Call

Penske Automotive Group, Inc. (NYSE: PAG), an international transportation services company, will hos... See more »

Penske Automotive Videos

February 11, 2019Penske Automotive Youtube Channel

"Presidents' Day Sale 2019" on YOUTUBE

January 23, 2018Penske Automotive Youtube Channel

"2018 Presidents' Day Sale" on YOUTUBE

November 17, 2017Penske Automotive Youtube Channel

"2017 Black Friday Sales Event" on YOUTUBE

September 7, 2017Penske Automotive Youtube Channel

"Penske Premium Leasing" on YOUTUBE

June 23, 2017Penske Automotive Youtube Channel

"IBEX Surface Protection Video" on YOUTUBE

Social Media

Penske Automotive Headquarters

2555 S Telegraph Rd

Bloomfield Hills, Michigan48302

248-648-2500

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Penske Automotive Summary

ABOUT

Overview

Penske is an automotive dealership firm that distributes commercial vehicles, diesel engines, gas engines, power systems and spare parts. Penske Automotive was founded in 1990. Penske Automotive's headquarters is located in Bloomfield Hills, Michigan,...

CEO

Penske Automotive's Chairman & CEO, Roger S. Penske, currently has an approval rating of 76%. Penske Automotive's primary competitors are AutoNation, CarMax & Group 1.

Website

penskeautomotive.com

Frequently Asked Questions about Penske Automotive

  1. When was Penske Automotive founded?

    Penske Automotive was founded in 1990
  2. Who is Penske Automotive's CEO?

    Penske Automotive's CEO is Roger S. Penske
  3. How much revenue does Penske Automotive generate?

    Penske Automotive generates $20.4B in revenue
  4. How much funding does Penske Automotive have?

    Penske Automotive has historically raised $550M in funding
  5. Where is Penske Automotive's headquarters?

    Penske Automotive's headquarters is in Bloomfield Hills Michigan, USA
  1. How many employees does Penske Automotive have?

    Penske Automotive has 27,000 employees
  2. What sector does Penske Automotive operate in?

    Penske Automotive is in Automobile Dealers, Service providers, Online Platforms
  3. Who are Penske Automotive's competitors?

    Penske Automotive's top competitors are AutoNation, CarMax, Group 1
  4. Who has Penske Automotive invested in?

    Penske Automotive's has invested in companies such as Ridecell, Fair Financial Corp., Nicole Group