Penske Automotive targets $2B in annualized revenue from Lexus acquisitions while realigning U.K. operations

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• I'm quite optimistic. We anticipate the long-awaited recovery in commercial truck market and stronger macro environment in 2026

  80% confidence

• Penske aims for 5% growth through acquisitions and 5% organically in 2026

  80% confidence

• Freight market shows optimism due to capacity tightening and regulatory enforcement, with January industry orders up 20%

  80% confidence

• We remain committed to our diversification strategy, a strong balance sheet and a flexible and disciplined approach to capital allocation while implementing efficiencies to lower costs

  80% confidence

• The recent strategic acquisitions of Toyota and Lexus dealerships combined with our existing diversification provide a solid foundation for future growth and improved profitability

  80% confidence

• Florida, Texas, and California represent probably over 50% of our business from a sales volume perspective

  80% confidence

• Post-acquisition leverage will remain under 2.0 with strong free cash flow expected

  80% confidence

• Used car GPU declines attributed to mix shift and seasonality

  80% confidence

• Fixed operations will continue to show mid-single-digit growth

  80% confidence

• The Big Beautiful Bill, tax refunds, lower interest rates and GDP growth will have a positive impact on all of our operations

  80% confidence

• Sytner Select locations sold 176 Chinese vehicles in Q4 with more growth expected

  80% confidence