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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)     222,976        
Equity compensation 22.6 22.6   22.6      
Repurchases 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        
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      
Repurchases 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        
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 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)     167,510        
Equity compensation 22.4 22.4   22.4      
Repurchases of common stock (in shares)     (511,073)        
Repurchases of common stock (76.7) (76.7)   (15.4) (61.3)    
Dividends (194.7) (194.7)     (194.7)    
Distributions to non-controlling interest (2.6)           (2.6)
Foreign currency translation 61.1 60.8       60.8 0.3
Other (17.2) (17.2)     (8.1) (9.1)  
Net income $ 686.1 682.5     682.5   3.6
Ending balance (in shares) at Sep. 30, 2024 66,767,618   66,767,618        
Ending balance at Sep. 30, 2024 $ 5,234.0 5,203.3 $ 0.0 7.0 5,408.7 (212.4) 30.7
Beginning balance (in shares) at Jun. 30, 2024     66,770,815        
Beginning balance at Jun. 30, 2024 4,986.3 4,954.6 $ 0.0 0.0 5,254.3 (299.7) 31.7
Increase (decrease) in stockholders' equity              
Equity compensation (in shares)     (2,721)        
Equity compensation 7.1 7.1   7.1      
Repurchases of common stock (in shares)     (476)        
Repurchases of common stock (0.1) (0.1)   (0.1)      
Dividends (71.7) (71.7)     (71.7)    
Distributions to non-controlling interest (2.1)           (2.1)
Foreign currency translation 95.3 95.1       95.1 0.2
Other (7.8) (7.8)       (7.8)  
Net income $ 227.0 226.1     226.1   0.9
Ending balance (in shares) at Sep. 30, 2024 66,767,618   66,767,618        
Ending balance at Sep. 30, 2024 $ 5,234.0 $ 5,203.3 $ 0.0 $ 7.0 $ 5,408.7 $ (212.4) $ 30.7