Penske Automotive Adds $450M in Revenue with Two Florida Lexus Dealership Acquisitions
Penske Automotive Group has completed the acquisition of Lexus of Orlando and Lexus of Winter Park, adding an estimated $450 million in annualized revenue and boosting its Florida revenue by nearly 50%. Since November 2025, the company has acquired six Toyota and Lexus dealerships expected to generate $2 billion in revenue.
1. Completed Acquisition of Lexus Dealerships
Penske Automotive Group has finalized the purchase of Lexus of Orlando and Lexus of Winter Park in Central Florida. The deal expands PAG’s premium luxury retail presence and strengthens its partnership with Lexus in one of the fastest-growing regional markets.
2. Revenue Impact and Portfolio Growth
The two dealerships are projected to contribute $450 million in annualized revenue, increasing Penske’s Florida revenue by almost 50%. Since November 2025, PAG has acquired six Toyota and Lexus outlets expected to drive approximately $2 billion in revenue, enhancing scale in key U.S. markets.
3. Financing and Strategic Rationale
Funding for the acquisitions and associated real estate came from operating cash flow and existing credit facilities. The expansion aligns with PAG’s strategy to bolster its luxury portfolio and capitalize on long-term growth opportunities in fast-growing states like Florida.