CONSOLIDATED CONDENSED BALANCE SHEETS - USD ($) $ in Millions	Sep. 30, 2025	Dec. 31, 2024
ASSETS
Cash and cash equivalents	$ 80.3	$ 72.4
Accounts receivable, net of allowance for doubtful accounts of $6.9 and $6.3	993.3	1,002.1
Inventories	4,705.1	4,640.2
Other current assets	233.6	213.1
Total current assets	6,012.3	5,927.8
Property and equipment, net	3,165.8	3,006.2
Operating lease right-of-use assets	2,473.4	2,467.2
Goodwill	2,425.5	2,371.3
Other indefinite-lived intangible assets	1,042.1	1,011.6
Equity method investments	1,890.2	1,827.0
Other long-term assets	109.5	109.8
Total assets	17,118.8	16,720.9
LIABILITIES AND EQUITY
Floor plan notes payable	2,453.8	2,535.8
Floor plan notes payable — non-trade	1,514.8	1,488.2
Accounts payable	960.5	851.7
Accrued expenses and other current liabilities	967.7	889.0
Current portion of long-term debt	305.4	721.2
Total current liabilities	6,202.2	6,485.9
Long-term debt	1,265.6	1,130.8
Long-term operating lease liabilities	2,389.6	2,392.6
Deferred tax liabilities	1,277.7	1,231.0
Other long-term liabilities	258.4	253.3
Total liabilities	11,393.5	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	5,910.9	5,565.2
Accumulated other comprehensive loss	(203.6)	(364.5)
Total Penske Automotive Group stockholders' equity	5,707.3	5,209.8
Non-controlling interest	18.0	17.5
Total equity	5,725.3	5,227.3
Total liabilities and equity	17,118.8	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