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CONSOLIDATED CONDENSED STATEMENTS OF INCOME - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2025
Mar. 31, 2024
Revenue:    
Total revenues $ 7,604.5 $ 7,447.8
Cost of sales:    
Total cost of sales 6,335.5 6,202.6
Gross profit 1,269.0 1,245.2
Selling, general, and administrative expenses 913.6 879.8
Depreciation 39.9 37.8
Operating income 315.5 327.6
Floor plan interest expense (41.5) (44.8)
Other interest expense (22.5) (21.3)
Gain on sale of dealership 52.3 0.0
Equity in earnings of affiliates 33.3 33.3
Income before income taxes 337.1 294.8
Income taxes (92.1) (78.6)
Net income 245.0 216.2
Less: Income attributable to non-controlling interests 0.7 1.0
Net income attributable to Penske Automotive Group common stockholders $ 244.3 $ 215.2
Basic earnings per share attributable to Penske Automotive Group common stockholders:    
Net income attributable to Penske Automotive Group common stockholders (in dollars per share) $ 3.66 $ 3.21
Shares used in determining basic earnings per share (in shares) 66,772,412 67,061,968
Diluted earnings per share attributable to Penske Automotive Group common stockholders:    
Net income attributable to Penske Automotive Group common stockholders (in dollars per share) $ 3.66 $ 3.21
Shares used in determining diluted earnings per share (in shares) 66,789,776 67,077,401
Amounts attributable to Penske Automotive Group common stockholders:    
Net income $ 245.0 $ 216.2
Less: Income attributable to non-controlling interests 0.7 1.0
Net income attributable to Penske Automotive Group common stockholders $ 244.3 $ 215.2
Cash dividends per share (in dollars per share) $ 1.22 $ 0.87
Retail automotive dealership    
Revenue:    
Total revenues $ 6,569.3 $ 6,478.0
Cost of sales:    
Total cost of sales 5,485.5 5,420.8
Depreciation 34.6 32.9
Floor plan interest expense (35.5) (38.8)
Other interest expense (18.0) (21.2)
Equity in earnings of affiliates 0.3 1.0
Income before income taxes 252.2 198.4
Retail commercial truck dealership    
Revenue:    
Total revenues 823.7 791.8
Cost of sales:    
Total cost of sales 682.7 647.0
Depreciation 3.9 3.6
Floor plan interest expense (3.7) (4.0)
Other interest expense 0.0 0.0
Equity in earnings of affiliates 0.0 0.0
Income before income taxes 45.1 50.5
Commercial vehicle distribution and other    
Revenue:    
Total revenues 211.5 178.0
Cost of sales:    
Total cost of sales $ 167.3 $ 134.8