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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)         306,588          
Equity compensation 20.9   20.9     20.9        
Repurchase of common stock (in shares)         (5,677,902)          
Repurchases of common stock (602.0)   (602.0)     (63.1) (538.9)      
Dividends (113.6)   (113.6)       (113.6)      
Distributions to non-controlling interest (3.3)                 (3.3)
Foreign currency translation (281.2)   (279.1)           (279.1) (2.1)
Other 6.9   6.9           6.9 0.0
Net income 1,086.9   1,082.0       1,082.0     4.9
Ending balance (in shares) at Sep. 30, 2022         72,202,858          
Ending balance at Sep. 30, 2022 4,088.0   4,063.5   $ 0.0 0.0 4,504.5   (441.0) 24.5
Beginning balance (in shares) at Jun. 30, 2022         75,015,462          
Beginning balance at Jun. 30, 2022 4,219.4   4,194.8   $ 0.0 0.0 4,506.7   (311.9) 24.6
Increase (decrease) in stockholders' equity                    
Equity compensation (in shares)         (1,258)          
Equity compensation 6.3   6.3     6.3        
Repurchase of common stock (in shares)         (2,811,346)          
Repurchases of common stock (309.4)   (309.4)     (6.3) (303.1)      
Dividends (39.2)   (39.2)       (39.2)      
Distributions to non-controlling interest (0.6)                 (0.6)
Foreign currency translation (132.4)   (131.5)           (131.5) (0.9)
Other 2.4   2.4           2.4  
Net income 341.5   340.1       340.1     1.4
Ending balance (in shares) at Sep. 30, 2022         72,202,858          
Ending balance at Sep. 30, 2022 $ 4,088.0   4,063.5   $ 0.0 0.0 4,504.5   (441.0) 24.5
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)         222,976          
Equity compensation 22.6   22.6     22.6        
Repurchase of common stock (in shares)         (2,690,741)          
Repurchases of common stock (367.6)   (367.6)     (22.6) (345.0)      
Dividends (135.8)   (135.8)       (135.8)      
Distributions to non-controlling interest (3.1)                 (3.1)
Foreign currency translation (14.7)   (14.6)           (14.6) (0.1)
Other 8.3   8.3           8.3  
Net income $ 866.6   862.5       862.5     4.1
Ending balance (in shares) at Sep. 30, 2023 67,214,126       67,214,126          
Ending balance at Sep. 30, 2023 $ 4,551.1   4,523.4   $ 0.0 0.0 4,865.0   (341.6) 27.7
Beginning balance (in shares) at Jun. 30, 2023         67,305,089          
Beginning balance at Jun. 30, 2023 4,409.7   4,382.1   $ 0.0 0.0 4,657.9   (275.8) 27.6
Increase (decrease) in stockholders' equity                    
Equity compensation (in shares)         (3,781)          
Equity compensation 6.6   6.6     6.6        
Repurchase of common stock (in shares)         (87,182)          
Repurchases of common stock (14.3)   (14.3)     (6.6) (7.7)      
Dividends (48.6)   (48.6)       (48.6)      
Distributions to non-controlling interest (0.4)                 (0.4)
Foreign currency translation (66.4)   (65.9)           (65.9) (0.5)
Other 0.1   0.1           0.1  
Net income $ 264.4   263.4       263.4     1.0
Ending balance (in shares) at Sep. 30, 2023 67,214,126       67,214,126          
Ending balance at Sep. 30, 2023 $ 4,551.1   $ 4,523.4   $ 0.0 $ 0.0 $ 4,865.0   $ (341.6) $ 27.7