Penske Automotive Group has strengthened its retail footprint with the $519.4 million acquisition of four dealerships from Penske Motor Group, including Longo Toyota and Longo Lexus in El Monte, Calif., Lexus Stevens Creek in San Jose, and Longo Toyota of Prosper in Texas. The transaction, finalized November 19, brings an estimated $1.5 billion in annual revenue and expands Penske Automotive’s presence in key markets across California and Texas.
Deal Details:
Seller: Penske Motor Group
Buyer: Penske Automotive Group Inc.
Transaction Date: November 19, 2025
Rebranded Dealerships:
- Longo Toyota → Longo Toyota (name retained)
- Longo Lexus → Longo Lexus (name retained)
- Lexus Stevens Creek → Lexus Stevens Creek (name retained)
- Longo Toyota of Prosper → Longo Toyota of Prosper (name retained)
Advisor/Facilitator: Not disclosed in report.
