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Business Combinations (Tables)
 9 Months Ended
Sep. 30, 2024
Business Combination, Asset Acquisition, and Joint Venture Formation [Abstract]  
Summary of the aggregate consideration paid and the aggregate amounts of the assets acquired and liabilities assumed The following table summarizes the aggregate consideration paid and the aggregate amounts of the assets acquired and liabilities assumed for the nine months ended September 30, 2024 and 2023:
Nine Months Ended September 30,
20242023
Accounts receivable$34.1 $— 
Inventories217.9 33.8 
Other current assets0.2 0.2 
Property and equipment63.5 38.4 
Indefinite-lived intangibles402.2 141.4 
Other noncurrent assets— — 
Current liabilities(59.9)(2.5)
Noncurrent liabilities(20.6)— 
Total cash used in acquisitions$637.4 $211.3 
Summary of unaudited consolidated pro forma results of operations The pro forma information is not necessarily indicative of the results that would have been achieved had the transactions occurred on the first day of each of the periods presented or that may be achieved in the future:
Three Months Ended September 30,Nine Months Ended September 30,
2024202320242023
Revenues$7,615.8 $7,961.7 $23,240.7 $23,903.5 
Net income attributable to Penske Automotive Group common stockholders226.6 272.2 692.8 892.7 
Net income per diluted common share$3.39 $4.05 $10.35 $13.09