CONSOLIDATED CONDENSED BALANCE SHEETS - USD ($) $ in Millions	Jun. 30, 2025	Dec. 31, 2024
ASSETS
Cash and cash equivalents	$ 155.3	$ 72.4
Accounts receivable, net of allowance for doubtful accounts of $7.2 and $6.3	1,043.1	1,002.1
Inventories	4,849.6	4,640.2
Other current assets	242.7	213.1
Total current assets	6,290.7	5,927.8
Property and equipment, net	3,173.7	3,006.2
Operating lease right-of-use assets	2,486.2	2,467.2
Goodwill	2,431.9	2,371.3
Other indefinite-lived intangible assets	1,028.6	1,011.6
Equity method investments	1,859.4	1,827.0
Other long-term assets	122.9	109.8
Total assets	17,393.4	16,720.9
LIABILITIES AND EQUITY
Floor plan notes payable	2,625.5	2,535.8
Floor plan notes payable — non-trade	1,603.7	1,488.2
Accounts payable	882.5	851.7
Accrued expenses and other current liabilities	1,004.9	889.0
Current portion of long-term debt	876.0	721.2
Total current liabilities	6,992.6	6,485.9
Long-term debt	906.7	1,130.8
Long-term operating lease liabilities	2,402.0	2,392.6
Deferred tax liabilities	1,202.6	1,231.0
Other long-term liabilities	258.1	253.3
Total liabilities	11,762.0	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	5,786.1	5,565.2
Accumulated other comprehensive loss	(172.4)	(364.5)
Total Penske Automotive Group stockholders' equity	5,613.7	5,209.8
Non-controlling interest	17.7	17.5
Total equity	5,631.4	5,227.3
Total liabilities and equity	17,393.4	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