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Business Combinations (Tables)
 12 Months Ended
Dec. 31, 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 years ended December 31, 2024 and 2023:
Year Ended December 31,
20242023
Accounts receivable$32.3 $— 
Inventories256.5 34.2 
Other current assets0.3 0.2 
Property and equipment125.4 38.7 
Operating lease right-of-use assets66.1 — 
Indefinite-lived intangibles460.0 145.2 
Other noncurrent assets— — 
Current liabilities(67.2)(3.4)
Long-term operating lease liabilities(66.1)— 
Other noncurrent liabilities(21.1)— 
Total cash used in acquisitions$786.2 $214.9 
Summary of unaudited consolidated pro forma results of operations
Our following unaudited consolidated pro forma results of operations for the years ended December 31, 2024 and 2023 give effect to acquisitions consummated during 2024 and 2023 as if they had occurred on January 1, 2023. This pro forma information is based on historical results of operations, adjusted for the income statement effects of incremental interest expense directly resulting from the acquisitions and the related tax effects. 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:
Year Ended December 31,
20242023
Revenues$31,087.2 $31,790.3 
Net income attributable to Penske Automotive Group common stockholders928.2 1,091.1 
Net income per diluted common share$13.88 $16.05