CONSOLIDATED BALANCE SHEETS - USD ($) $ in Millions	Dec. 31, 2025	Dec. 31, 2024
ASSETS
Cash and cash equivalents	$ 64.7	$ 83.6
Accounts receivable, net of allowance for doubtful accounts of $6.9 and $6.7	1,070.3	1,037.2
Inventories	4,814.7	4,710.7
Other current assets	242.9	214.8
Total current assets	6,192.6	6,046.3
Property and equipment, net	3,224.6	3,037.8
Operating lease right-of-use assets	2,543.8	2,582.6
Goodwill	2,435.7	2,376.3
Other indefinite-lived intangible assets	1,164.2	1,140.7
Equity method investments	1,923.7	1,827.0
Other long-term assets	113.1	110.2
Total assets	17,597.7	17,120.9
LIABILITIES AND EQUITY
Floor plan notes payable	2,532.8	2,570.5
Floor plan notes payable — non-trade	1,561.5	1,512.4
Accounts payable	899.8	859.1
Accrued expenses and other current liabilities	930.0	917.4
Current portion of long-term debt	355.0	721.2
Total current liabilities	6,279.1	6,580.6
Long-term debt	1,810.5	1,130.8
Long-term operating lease liabilities	2,461.5	2,504.5
Deferred tax liabilities	1,200.4	1,231.0
Other long-term liabilities	265.3	255.5
Total liabilities	12,016.8	11,702.4
Commitments and contingent liabilities (Note 11)
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	5,750.1	5,756.4
Accumulated other comprehensive loss	(187.7)	(364.5)
Total Penske Automotive Group stockholders' equity	5,562.4	5,401.0
Non-controlling interest	18.5	17.5
Total equity	5,580.9	5,418.5
Total liabilities and equity	17,597.7	17,120.9
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