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CONSOLIDATED CONDENSED STATEMENTS OF EQUITY - USD ($)
$ in Millions
Total
Total Penske Automotive Group Stockholders' Equity
Voting and Non-voting Common Stock
Additional Paid-in Capital
Retained Earnings
Accumulated Other Comprehensive Income (Loss)
Non-controlling Interest
Beginning balance (in shares) at Dec. 31, 2022     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        
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        
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 Dec. 31, 2023 67,111,181   67,111,181        
Beginning balance at Dec. 31, 2023 $ 4,755.6 4,726.2 $ 0.0 0.0 4,990.3 (264.1) 29.4
Increase (decrease) in stockholders' equity              
Equity compensation (in shares)     170,231        
Equity compensation 15.3 15.3   15.3      
Repurchase of common stock (in shares)     (510,597)        
Repurchases of common stock (76.6) (76.6)   (15.3) (61.3)    
Dividends (123.0) (123.0)     (123.0)    
Distributions to non-controlling interest (0.5)           (0.5)
Foreign currency translation (34.2) (34.3)       (34.3) 0.1
Other (9.4) (9.4)     (8.1) (1.3)  
Net income $ 459.1 456.4     456.4   2.7
Ending balance (in shares) at Jun. 30, 2024 66,770,815   66,770,815        
Ending balance at Jun. 30, 2024 $ 4,986.3 4,954.6 $ 0.0 0.0 5,254.3 (299.7) 31.7
Beginning balance (in shares) at Mar. 31, 2024     67,049,359        
Beginning balance at Mar. 31, 2024 4,846.1 4,815.8 $ 0.0 0.0 5,113.1 (297.3) 30.3
Increase (decrease) in stockholders' equity              
Equity compensation (in shares)     10,724        
Equity compensation 7.7 7.7   7.7      
Repurchase of common stock (in shares)     (289,268)        
Repurchases of common stock (43.3) (43.3)   (7.7) (35.6)    
Dividends (64.4) (64.4)     (64.4)    
Distributions to non-controlling interest (0.2)           (0.2)
Foreign currency translation 2.4 2.5       2.5 (0.1)
Other (4.9) (4.9)       (4.9)  
Net income $ 242.9 241.2     241.2   1.7
Ending balance (in shares) at Jun. 30, 2024 66,770,815   66,770,815        
Ending balance at Jun. 30, 2024 $ 4,986.3 $ 4,954.6 $ 0.0 $ 0.0 $ 5,254.3 $ (299.7) $ 31.7