CONSOLIDATED CONDENSED BALANCE SHEETS - USD ($) $ in Millions	Sep. 30, 2026	Dec. 31, 2025
ASSETS
Cash and cash equivalents	$ 68.3	$ 64.7
Accounts receivable, net of allowance for doubtful accounts of $6.0 and $6.9	1,046.2	1,070.3
Inventories	5,020.1	4,814.7
Other current assets	268.8	242.9
Total current assets	6,403.4	6,192.6
Property and equipment, net	3,306.0	3,224.6
Operating lease right-of-use assets	2,493.1	2,543.8
Goodwill	2,813.4	2,435.7
Other indefinite-lived intangible assets	1,293.6	1,164.2
Equity method investments	2,013.8	1,923.7
Other long-term assets	103.5	113.1
Total assets	18,426.8	17,597.7
LIABILITIES AND EQUITY
Floor plan notes payable	2,602.2	2,532.8
Floor plan notes payable — non-trade	1,659.8	1,561.5
Accounts payable	905.7	899.8
Accrued expenses and other current liabilities	1,045.8	930.0
Current portion of long-term debt	297.6	355.0
Total current liabilities	6,511.1	6,279.1
Long-term debt	2,069.6	1,810.5
Long-term operating lease liabilities	2,393.7	2,461.5
Deferred tax liabilities	1,223.5	1,200.4
Other long-term liabilities	266.6	265.3
Total liabilities	12,464.5	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	6.7	0.0
Retained earnings	6,157.8	5,750.1
Accumulated other comprehensive loss	(220.5)	(187.7)
Total Penske Automotive Group stockholders' equity	5,944.0	5,562.4
Non-controlling interest	18.3	18.5
Total equity	5,962.3	5,580.9
Total liabilities and equity	18,426.8	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