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CONSOLIDATED CONDENSED STATEMENTS OF EQUITY - USD ($)
$ in Millions
Total
Cumulative Effect, Period of Adoption, Adjustment
Total Penske Automotive Group Stockholders' Equity
Total Penske Automotive Group Stockholders' Equity
Cumulative Effect, Period of Adoption, Adjustment
Voting and Non-voting Common Stock
Additional Paid-in Capital
Retained Earnings
Retained Earnings
Cumulative Effect, Period of Adoption, Adjustment
Accumulated Other Comprehensive Income (Loss)
Non-controlling Interest
Beginning balance (in shares) at Dec. 31, 2021         77,574,172          
Beginning balance at Dec. 31, 2021 $ 4,095.0 $ (121.6) $ 4,070.0 $ (121.6) $ 0.0 $ 42.2 $ 4,196.6 $ (121.6) $ (168.8) $ 25.0
Increase (decrease) in stockholders' equity                    
Equity compensation (in shares)         307,846          
Equity compensation 14.6   14.6     14.6        
Repurchase of common stock (in shares)         (2,866,556)          
Repurchases of common stock (292.6)   (292.6)     (56.8) (235.8)      
Dividends (74.4)   (74.4)       (74.4)      
Distributions to non-controlling interest (2.7)                 (2.7)
Foreign currency translation (148.8)   (147.6)           (147.6) (1.2)
Other 4.5   4.5           4.5 0.0
Net income 745.4   741.9       741.9     3.5
Ending balance (in shares) at Jun. 30, 2022         75,015,462          
Ending balance at Jun. 30, 2022 4,219.4   4,194.8   $ 0.0 0.0 4,506.7   (311.9) 24.6
Beginning balance (in shares) at Mar. 31, 2022         76,658,405          
Beginning balance at Mar. 31, 2022 4,164.4   4,138.8   $ 0.0 0.0 4,336.9   (198.1) 25.6
Increase (decrease) in stockholders' equity                    
Equity compensation (in shares)         20,164          
Equity compensation 7.2   7.2     7.2        
Repurchase of common stock (in shares)         (1,663,107)          
Repurchases of common stock (173.4)   (173.4)     (7.2) (166.2)      
Dividends (38.0)   (38.0)       (38.0)      
Distributions to non-controlling interest (2.1)                 (2.1)
Foreign currency translation (120.3)   (119.5)           (119.5) (0.8)
Other 5.7   5.7           5.7  
Net income 375.9   374.0       374.0     1.9
Ending balance (in shares) at Jun. 30, 2022         75,015,462          
Ending balance at Jun. 30, 2022 $ 4,219.4   4,194.8   $ 0.0 0.0 4,506.7   (311.9) 24.6
Beginning balance (in shares) at Dec. 31, 2022 69,681,891       69,681,891          
Beginning balance at Dec. 31, 2022 $ 4,174.8   4,148.0   $ 0.0 0.0 4,483.3   (335.3) 26.8
Increase (decrease) in stockholders' equity                    
Equity compensation (in shares)         226,757          
Equity compensation 16.0   16.0     16.0        
Repurchase of common stock (in shares)         (2,603,559)          
Repurchases of common stock (353.3)   (353.3)     (16.0) (337.3)      
Dividends (87.2)   (87.2)       (87.2)      
Distributions to non-controlling interest (2.7)                 (2.7)
Foreign currency translation 51.7   51.3           51.3 0.4
Other 8.2   8.2           8.2  
Net income $ 602.2   599.1       599.1     3.1
Ending balance (in shares) at Jun. 30, 2023 67,305,089       67,305,089          
Ending balance at Jun. 30, 2023 $ 4,409.7   4,382.1   $ 0.0 0.0 4,657.9   (275.8) 27.6
Beginning balance (in shares) at Mar. 31, 2023         69,000,558          
Beginning balance at Mar. 31, 2023 4,351.4   4,323.3   $ 0.0 0.0 4,635.8   (312.5) 28.1
Increase (decrease) in stockholders' equity                    
Equity compensation (in shares)         17,763          
Equity compensation 8.2   8.2     8.2        
Repurchase of common stock (in shares)         (1,713,232)          
Repurchases of common stock (242.0)   (242.0)     (8.2) (233.8)      
Dividends (44.9)   (44.9)       (44.9)      
Distributions to non-controlling interest (2.4)                 (2.4)
Foreign currency translation 33.4   33.3           33.3 0.1
Other 3.4   3.4           3.4  
Net income $ 302.6   300.8       300.8     1.8
Ending balance (in shares) at Jun. 30, 2023 67,305,089       67,305,089          
Ending balance at Jun. 30, 2023 $ 4,409.7   $ 4,382.1   $ 0.0 $ 0.0 $ 4,657.9   $ (275.8) $ 27.6