The club is mostly known for its basketball team, which is currently playing in the Liga Nacional de Básquet (LNB), the top level of the Argentine league system.

The team had its most successful campaign during 2010, winning 5 official tournaments (FIBA Americas League, Liga Nacional, InterLigas, and Copa Argentina).

[1] Apart from basketball, other activities held in Peñarol are football and martial arts.

Note: Flags indicate national team eligibility at FIBA-sanctioned events.

Note: Flags indicate national team eligibility at FIBA-sanctioned events.