CONSOLIDATED CONDENSED BALANCE SHEETS - USD ($) $ in Millions	Mar. 31, 2026	Dec. 31, 2025
ASSETS
Cash and cash equivalents	$ 83.7	$ 64.7
Accounts receivable, net of allowance for doubtful accounts of $6.2 and $6.9	1,084.0	1,070.3
Inventories	4,891.5	4,814.7
Other current assets	259.4	242.9
Total current assets	6,318.6	6,192.6
Property and equipment, net	3,289.5	3,224.6
Operating lease right-of-use assets	2,529.2	2,543.8
Goodwill	2,820.1	2,435.7
Other indefinite-lived intangible assets	1,295.4	1,164.2
Equity method investments	1,962.9	1,923.7
Other long-term assets	102.5	113.1
Total assets	18,318.2	17,597.7
LIABILITIES AND EQUITY
Floor plan notes payable	2,513.6	2,532.8
Floor plan notes payable — non-trade	1,633.7	1,561.5
Accounts payable	937.0	899.8
Accrued expenses and other current liabilities	1,046.2	930.0
Current portion of long-term debt	423.1	355.0
Total current liabilities	6,553.6	6,279.1
Long-term debt	2,213.8	1,810.5
Long-term operating lease liabilities	2,430.0	2,461.5
Deferred tax liabilities	1,198.7	1,200.4
Other long-term liabilities	239.9	265.3
Total liabilities	12,636.0	12,016.8
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	0.0
Retained earnings	5,873.2	5,750.1
Accumulated other comprehensive loss	(209.5)	(187.7)
Total Penske Automotive Group stockholders' equity	5,663.7	5,562.4
Non-controlling interest	18.5	18.5
Total equity	5,682.2	5,580.9
Total liabilities and equity	18,318.2	17,597.7
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