About Penske Automotive
Penske Automotive is a company based in Bloomfield Hills (United States) founded in 1990 by Roger S Penske.. The company has 28,900 employees as of December 31, 2024. Penske Automotive has completed 17 acquisitions, including BMW of Bloomfield Hills, Bill Brown Ford and CarSense. Penske Automotive operates in a competitive market with competitors including Storyteller Overland, Premier Truck, Heritage Tractor, Truckworx and Nacarato Truck Centers, among others.
- Headquarter Bloomfield Hills, United States
- Employees 28900 as on 31 Dec, 2024
- Founders Roger S Penske
- Stage Public
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Sectors
Transportation, Automotive & Logistics
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Email
***********
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Phone
*********
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Website
*********
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Social
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- Legal Name Penske Automotive Group, Inc.
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Annual Revenue
$30.46 B3.14as on Dec 31, 2024
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Net Profit
$918.9 M-12.75as on Dec 31, 2024
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EBITDA
$1.28 B-8.22as on Dec 31, 2024
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Latest Funding Round
$1 M (USD), Post-IPO
Feb 02, 2018
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Investors
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Employee Count
28900
as on Dec 31, 2024
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Investments & Acquisitions
BMW of Bloomfield Hills
& 16 more
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IPO & Listings of Penske Automotive
Penske Automotive is a publicly listed company on the NYSE with ticker symbol PAG in USA, operating in the Retail trade sector. As a publicly traded entity, the company provides investors with opportunities to participate in its growth story through equity ownership. The listing enables access to capital markets, enhances corporate visibility, and provides liquidity for shareholders while maintaining transparency through regulatory compliance and regular financial disclosures.
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Leadership Team
38 people
Software Development Team
31 people
Human Resources and Administration
30 people
Finance and Accounting
27 people
Sales and Marketing
19 people
General Team
19 people
Operations Team
7 people
Senior Team
5 people
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Funding Insights of Penske Automotive
- Total Funding Total Funding
- Total Rounds 2
- Last Round Post-IPO — $1.0M
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First Round
First Round
(14 Aug 2012)
- Investors Count Investors Count
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Feb, 2018 | Amount | Post-IPO - Penske Automotive | Valuation |
investors |
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| Aug, 2012 | Amount | Debt – Conventional - Penske Automotive | Valuation |
investors |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investments & Acquisitions by Penske Automotive
Penske Automotive has strategically engaged in corporate development activities, having acquired 17 companies. Notable acquisitions include BMW of Bloomfield Hills, Bill Brown Ford and CarSense. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Dealership offering new and preowned vehicles
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2024 | ||||
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New and used car dealership services are provided in Noblesville.
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2016 | ||||
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Dealer of new and pre-owned vehicles
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2013 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - Penske Automotive
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Penske Automotive Comparisons
Competitors of Penske Automotive
Penske Automotive operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Storyteller Overland, Premier Truck, Heritage Tractor, Truckworx and Nacarato Truck Centers, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Manufacturer of adventure vans
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| domain | founded_year | HQ Location |
New and used trucks are sold by Premier Truck.
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| domain | founded_year | HQ Location |
Sells and services John Deere tractors, mowers, and agricultural attachments.
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| domain | founded_year | HQ Location |
Commercial truck sales and repair services are offered.
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| domain | founded_year | HQ Location |
Dealer offering new and used trucks for sale
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| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Penske Automotive
Frequently Asked Questions about Penske Automotive
When was Penske Automotive founded?
Penske Automotive was founded in 1990 and raised its 1st funding round 22 years after it was founded.
Where is Penske Automotive located?
Penske Automotive is headquartered in Bloomfield Hills, United States. It is registered at Bloomfield Hills, Michigan, United States.
How many employees does Penske Automotive have?
As of Dec 31, 2024, the latest employee count at Penske Automotive is 28,900.
What is the annual revenue of Penske Automotive?
Annual revenue of Penske Automotive is $30.46B as on Dec 31, 2024.
What does Penske Automotive do?
Penske Automotive was founded in 1990 and is headquartered in Bloomfield Hills, United States. Operations are focused on the automotive sector, where commercial vehicles and parts are retailed. Roger S. Penske is recognized as the founder and chairman. In 2022, annual revenues of 28.18 billion were achieved, alongside a net profit of 1.31 billion. The companys domain, penskeautomotive.com, supports its distribution and service activities across the region.
Who are the top competitors of Penske Automotive?
Penske Automotive's top competitors include Storyteller Overland, Truckworx and Nacarato Truck Centers.
Is Penske Automotive publicly traded?
Yes, Penske Automotive is publicly traded on NYSE under the ticker symbol PAG.
How many acquisitions has Penske Automotive made?
Penske Automotive has made 17 acquisitions, including BMW of Bloomfield Hills, Bill Brown Ford, and CarSense.
What is Penske Automotive's ticker symbol?
The ticker symbol of Penske Automotive is PAG on NYSE.