Penske Automotive Group Agrees To Acquire Lexus Of Orlando And Lexus Of Winter Park In Central Florida; Terms Undisclosed; Deal Expected To Add $450M In Annualized Revenue

Signs Agreement to Acquire Two Lexus Dealerships in Central Florida

Expected to Add $450 Million in Annualized Revenue

BLOOMFIELD HILLS, Mich., Jan. 26, 2026 /PRNewswire/ -- Penske Automotive Group, Inc. (NYSE:PAG), a diversified international transportation services company and one of the world's premier automotive and commercial truck retailers with operations across four continents and eight countries, announced today that it has signed an agreement to acquire Lexus of Orlando and Lexus of Winter Park, both located in the Orlando metropolitan area of Central Florida.  The acquisition is expected to add $450 million in annualized revenue.   

Closing of the transaction is expected to occur during the first quarter of 2026 and is subject to customary conditions.  The Company expects to fund the purchase price using cash flow from operations and availability under its U.S. credit agreement.