Penske Automotive Group is crushing it, smashing Q2 expectations with $8.51 billion in revenue—up 11% year over year—and beating profit forecasts. The real engine? Their commercial truck division, sitting on a massive backlog of heavy-duty Class 8 orders poised to convert into sales this fall. Service and parts are also booming globally, even as economic headwinds hit places like the U.K. and Australia. They’re staying lean by strategically buying and selling dealerships while investing in tech and talent. With that strong pipeline and disciplined execution, Penske’s momentum looks unstoppable.
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