CONSOLIDATED CONDENSED BALANCE SHEETS - USD ($) $ in Millions	Mar. 31, 2025	Dec. 31, 2024
ASSETS
Cash and cash equivalents	$ 118.4	$ 72.4
Accounts receivable, net of allowance for doubtful accounts of $6.9 and $6.3	1,201.6	1,002.1
Inventories	4,500.3	4,640.2
Other current assets	233.3	213.1
Total current assets	6,053.6	5,927.8
Property and equipment, net	3,075.9	3,006.2
Operating lease right-of-use assets	2,443.3	2,467.2
Goodwill	2,383.3	2,371.3
Other indefinite-lived intangible assets	1,006.3	1,011.6
Equity method investments	1,857.3	1,827.0
Other long-term assets	112.2	109.8
Total assets	16,931.9	16,720.9
LIABILITIES AND EQUITY
Floor plan notes payable	2,481.6	2,535.8
Floor plan notes payable — non-trade	1,482.3	1,488.2
Accounts payable	976.1	851.7
Accrued expenses and other current liabilities	983.6	889.0
Current portion of long-term debt	778.5	721.2
Total current liabilities	6,702.1	6,485.9
Long-term debt	993.0	1,130.8
Long-term operating lease liabilities	2,363.7	2,392.6
Deferred tax liabilities	1,212.8	1,231.0
Other long-term liabilities	247.6	253.3
Total liabilities	11,519.2	11,493.6
Commitments and contingent liabilities (Note 10)
Penske Automotive Group stockholders' equity:
Preferred Stock, $0.0001 par value; 100,000 shares authorized; none issued and outstanding	0.0	0.0
Common stock	0.0	0.0
Additional paid-in capital	0.0	9.1
Retained earnings	5,704.3	5,565.2
Accumulated other comprehensive loss	(309.6)	(364.5)
Total Penske Automotive Group stockholders' equity	5,394.7	5,209.8
Non-controlling interest	18.0	17.5
Total equity	5,412.7	5,227.3
Total liabilities and equity	16,931.9	16,720.9
Non-voting Common Stock
Penske Automotive Group stockholders' equity:
Common stock	0.0	0.0
Class C Common Stock
Penske Automotive Group stockholders' equity:
Common stock	$ 0.0	$ 0.0