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Business Combinations
 3 Months Ended
Mar. 31, 2026
Business Combination, Asset Acquisition, Transaction between Entities under Common Control, and Joint Venture Formation [Abstract]  
Business Combinations Business Combinations
During the three months ended March 31, 2026, we acquired two retail automotive franchises in the U.S., which generated $40.7 million of revenue and $3.5 million of pre-tax income from our date of acquisition through March 31, 2026. During the three months ended March 31, 2025, we made no acquisitions. Our financial statements include the results of operations of the acquired entities from the date of acquisition. The fair value of the assets acquired and liabilities assumed have been recorded in our consolidated condensed financial statements and may be subject to adjustment pending completion of final valuation. The following table summarizes the aggregate consideration paid and the aggregate amounts of the assets acquired and liabilities assumed for the three months ended March 31, 2026, and 2025:
Three Months Ended March 31,
20262025
Accounts receivable$— $— 
Inventories23.9 — 
Other current assets— — 
Property and equipment108.3 — 
Indefinite-lived intangibles537.6 — 
Other noncurrent assets— — 
Current liabilities(0.1)— 
Noncurrent liabilities— — 
Total cash used in acquisitions$669.7 $— 
Our following unaudited consolidated pro forma results of operations for the three months ended March 31, 2026, and 2025 give effect to acquisitions consummated during 2026 and 2025 as if they had occurred on January 1, 2025. This pro forma information is based on historical results of operations, adjusted for the income statement effects of incremental interest expense directly resulting from the acquisitions and the related tax effects. The pro forma information is not necessarily indicative of the results that would have been achieved had the transactions occurred on the first day of each of the periods presented or that may be achieved in the future:
Three Months Ended March 31,
20262025
Revenues$7,930.8 $8,075.6 
Net income attributable to Penske Automotive Group common stockholders234.9 258.1 
Net income per diluted common share$3.57 $3.86