Team Penske is a racing team that currently operates teams in the Indy Racing League and NASCAR. It formerly operated a team in CART.

Team Penske has won the Indianapolis 500 a record 13 times as of 2003.

It is named for its principle owner and founder, Roger Penske, and is part of the Penske Corporation.

Penske was a Formula One constructor from 1974 through 1977