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Equity
6 Months Ended
Jun. 30, 2019
Equity  
Equity

12. Equity

During the three months ended June 30, 2019, we repurchased 1,591,917 shares of our common stock for $71.3 million, or an average of $44.79 per share, under our securities repurchase program approved by our Board of Directors,

including 256,369 shares for $11.4 million (or $44.40 per share) from Roger S. Penske. During the six months ended June 30, 2019, we repurchased 2,850,265 shares of our common stock for $125.7 million, or an average of $44.08 per share, under this program. As of June 30, 2019, our remaining authorization under our securities repurchase program was $74.4 million. During the second quarter of 2019, we also acquired 114,949 shares of our common stock for $4.9 million, or an average of $42.72 per share, from employees in connection with a net share settlement feature of employee equity awards.