Penske Automotive Group, Inc. (PAG) Q1 2026 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good afternoon. Welcome to the Penske Automotive Group first quarter 2026 earnings conference call. Today's call is being recorded and will be available for replay approximately one hour after completion through May 6, 2026 on the company's website under the Investors tab at www.penskeautomotive.com. I will now introduce Anthony Porton, the company's Executive Vice President of Investor Relations, and corporate development. Sir, please go ahead. Thank you, Krista. Good afternoon, everyone, and thank you for joining us today. A press release detailing Penske Automotive Group's first quarter 2026 financial results was issued this morning and is posted on our website along with a presentation designed to assist you in understanding the company's results. As always, I'm available by email or phone for any follow-up questions you may have. Joining me for today's call is Roger Penske, our chair and CEO, Shelley Hallgrave, our EVP and chief financial officer, Rich Shearing from North American Operations, Randall Seymour of International Operations, and Tony Piccioni, our vice president and corporate controller. We may make forward-looking statements on today's call. about our earnings potential, outlook, and other future events, and we also may discuss certain non-GAAP financial measures such as EBITDA and adjusted EBITDA. We've also prominently presented and reconciled any non-GAAP measures for the most directly comparable GAAP measures in this morning's press release and investor presentation, again, both of which are available on our website. Our future results may vary from our expectations because of risks and uncertainties outlined in today's press release under forward-looking statements. I direct you to our SEC filings, including our Form 10-K and previously filed F...