10-Q Filing

PENSKE AUTOMOTIVE GROUP, INC. CIK: 1019849 Q1 2023

Filing Information

Form Type	10-Q
Accession Number	`0001019849-23-000068`
Period End Date	20230331
Filing Date	20230427
Fiscal Year	2023
Fiscal Period	Q1
XBRL Instance	pag-20230331_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 86 Income Statement 44 Cash Flow Statement 64 Stockholders Equity 26 Comprehensive Income 14

Balance Sheet 86 line items

Line Item	Tag	Value	Unit	Period
Accounts receivable, allowance for doubtful accounts	`AllowanceForDoubtfulAccountsReceivableCurrent`	$6.60M	USD	Point-in-time
Accounts receivable, allowance for doubtful accounts	`AllowanceForDoubtfulAccountsReceivableCurrent`	$6.70M	USD	Point-in-time
Preferred stock, par value (in dollars per share)	`PreferredStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Preferred stock, par value (in dollars per share)	`PreferredStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$100.60M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$106.50M	USD	Point-in-time
Accounts receivable, net of allowance for doubtful accounts of $6.7 and $6.6	`ReceivablesNetCurrent`	$920.20M	USD	Point-in-time
Preferred stock, shares authorized (in shares)	`PreferredStockSharesAuthorized`	100,000.00	shares	Point-in-time
Preferred stock, shares authorized (in shares)	`PreferredStockSharesAuthorized`	100,000.00	shares	Point-in-time
Accounts receivable, net of allowance for doubtful accounts of $6.7 and $6.6	`ReceivablesNetCurrent`	$906.70M	USD	Point-in-time
Preferred stock, shares issued (in shares)	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Preferred stock, shares issued (in shares)	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Inventories	`InventoryNet`	$3.63B	USD	Point-in-time
Inventories	`InventoryNet`	$3.51B	USD	Point-in-time
Other current assets	`OtherAssetsCurrent`	$171.70M	USD	Point-in-time
Preferred stock, shares outstanding (in shares)	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Other current assets	`OtherAssetsCurrent`	$141.90M	USD	Point-in-time
Preferred stock, shares outstanding (in shares)	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Total current assets	`AssetsCurrent`	$4.82B	USD	Point-in-time
Total current assets	`AssetsCurrent`	$4.66B	USD	Point-in-time
Common stock, par value (in dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Common stock, par value (in dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Common stock, shares authorized (in shares)	`CommonStockSharesAuthorized`	240.00M	shares	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$2.57B	USD	Point-in-time
Common stock, shares authorized (in shares)	`CommonStockSharesAuthorized`	240.00M	shares	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$2.50B	USD	Point-in-time
Common stock, shares issued (in shares)	`CommonStockSharesIssued`	69.68M	shares	Point-in-time
Operating lease right-of-use assets	`OperatingLeaseRightOfUseAsset`	$2.42B	USD	Point-in-time
Operating lease right-of-use assets	`OperatingLeaseRightOfUseAsset`	$2.38B	USD	Point-in-time
Common stock, shares issued (in shares)	`CommonStockSharesIssued`	69.00M	shares	Point-in-time
Common stock, shares outstanding (in shares)	`CommonStockSharesOutstanding`	69.00M	shares	Point-in-time
Goodwill	`Goodwill`	$2.16B	USD	Point-in-time
Common stock, shares outstanding (in shares)	`CommonStockSharesOutstanding`	69.68M	shares	Point-in-time
Goodwill	`Goodwill`	$2.15B	USD	Point-in-time
Other indefinite-lived intangible assets	`OtherIndefiniteLivedIntangibleAssets`	$692.30M	USD	Point-in-time
Other indefinite-lived intangible assets	`OtherIndefiniteLivedIntangibleAssets`	$690.90M	USD	Point-in-time
Equity method investments	`EquityMethodInvestments`	$1.72B	USD	Point-in-time
Equity method investments	`EquityMethodInvestments`	$1.64B	USD	Point-in-time
Other long-term assets	`OtherAssetsNoncurrent`	$55.30M	USD	Point-in-time
Other long-term assets	`OtherAssetsNoncurrent`	$56.20M	USD	Point-in-time
Total assets	`Assets`	$14.11B	USD	Point-in-time
Total assets	`Assets`	$14.40B	USD	Point-in-time
Floor plan notes payable	`FloorPlanNotesPayable`	$1.57B	USD	Point-in-time
Floor plan notes payable	`FloorPlanNotesPayable`	$1.58B	USD	Point-in-time
Floor plan notes payable non-trade	`FloorPlanNotesPayableNonTrade`	$1.43B	USD	Point-in-time
Floor plan notes payable non-trade	`FloorPlanNotesPayableNonTrade`	$1.31B	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$922.20M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$853.50M	USD	Point-in-time
Accrued expenses and other current liabilities	`AccruedLiabilitiesCurrent`	$861.10M	USD	Point-in-time
Accrued expenses and other current liabilities	`AccruedLiabilitiesCurrent`	$788.10M	USD	Point-in-time
Current portion of long-term debt	`LongTermDebtCurrent`	$81.50M	USD	Point-in-time
Current portion of long-term debt	`LongTermDebtCurrent`	$75.20M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$4.71B	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$4.76B	USD	Point-in-time
Long-term debt	`LongTermDebtNoncurrent`	$1.55B	USD	Point-in-time
Long-term debt	`LongTermDebtNoncurrent`	$1.62B	USD	Point-in-time
Long-term operating lease liabilities	`OperatingLeaseLiabilityNoncurrent`	$2.30B	USD	Point-in-time
Long-term operating lease liabilities	`OperatingLeaseLiabilityNoncurrent`	$2.34B	USD	Point-in-time
Deferred tax liabilities	`DeferredIncomeTaxLiabilitiesNet`	$1.12B	USD	Point-in-time
Deferred tax liabilities	`DeferredIncomeTaxLiabilitiesNet`	$1.14B	USD	Point-in-time
Other long-term liabilities	`OtherLiabilitiesNoncurrent`	$223.20M	USD	Point-in-time
Other long-term liabilities	`OtherLiabilitiesNoncurrent`	$223.10M	USD	Point-in-time
Total liabilities	`Liabilities`	$9.94B	USD	Point-in-time
Total liabilities	`Liabilities`	$10.04B	USD	Point-in-time
Commitments and contingent liabilities (Note 10)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Commitments and contingent liabilities (Note 10)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Preferred Stock, $0.0001 par value; 100,000 shares authorized; none issued and outstanding	`PreferredStockValue`	-	USD	Point-in-time
Preferred Stock, $0.0001 par value; 100,000 shares authorized; none issued and outstanding	`PreferredStockValue`	-	USD	Point-in-time
Common stock	`CommonStockValue`	-	USD	Point-in-time
Common stock	`CommonStockValue`	-	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	-	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	-	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$4.48B	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$4.64B	USD	Point-in-time
Accumulated other comprehensive income (loss)	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-312.50M	USD	Point-in-time
Accumulated other comprehensive income (loss)	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-335.30M	USD	Point-in-time
Total Penske Automotive Group stockholders' equity	`StockholdersEquity`	$4.15B	USD	Point-in-time
Total Penske Automotive Group stockholders' equity	`StockholdersEquity`	$4.32B	USD	Point-in-time
Non-controlling interest	`MinorityInterest`	$28.10M	USD	Point-in-time
Non-controlling interest	`MinorityInterest`	$26.80M	USD	Point-in-time
Total equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$4.16B	USD	Point-in-time
Total equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$4.09B	USD	Point-in-time
Total equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$4.17B	USD	Point-in-time
Total equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$4.35B	USD	Point-in-time
Total liabilities and equity	`LiabilitiesAndStockholdersEquity`	$14.40B	USD	Point-in-time
Total liabilities and equity	`LiabilitiesAndStockholdersEquity`	$14.11B	USD	Point-in-time

Income Statement 44 line items

Line Item	Tag	Value	Unit	Period
Total revenues	`RevenueFromContractWithCustomerExcludingAssessedTax`	$6.98B	USD	1 Quarter
Total revenues	`RevenueFromContractWithCustomerExcludingAssessedTax`	$7.34B	USD	1 Quarter
Total cost of sales	`CostOfGoodsAndServicesSold`	$6.09B	USD	1 Quarter
Total cost of sales	`CostOfGoodsAndServicesSold`	$5.74B	USD	1 Quarter
Gross profit	`GrossProfit`	$1.23B	USD	1 Quarter
Gross profit	`GrossProfit`	$1.25B	USD	1 Quarter
Selling, general, and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$844.90M	USD	1 Quarter
Selling, general, and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$797.80M	USD	1 Quarter
Depreciation	`Depreciation`	$33.90M	USD	1 Quarter
Depreciation	`Depreciation`	$31.90M	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$373.50M	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$402.00M	USD	1 Quarter
Floor plan interest expense	`FloorPlanInterestExpense`	$27.90M	USD	1 Quarter
Floor plan interest expense	`FloorPlanInterestExpense`	$7.50M	USD	1 Quarter
Other interest expense	`InterestExpenseOther`	$20.80M	USD	1 Quarter
Other interest expense	`InterestExpenseOther`	$16.50M	USD	1 Quarter
Equity in earnings of affiliates	`IncomeLossFromEquityMethodInvestments`	$119.60M	USD	1 Quarter
Equity in earnings of affiliates	`IncomeLossFromEquityMethodInvestments`	$82.10M	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$406.90M	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$497.60M	USD	1 Quarter
Income taxes	`IncomeTaxExpenseBenefit`	$107.30M	USD	1 Quarter
Income taxes	`IncomeTaxExpenseBenefit`	$128.10M	USD	1 Quarter
Net income	`ProfitLoss`	$299.60M	USD	1 Quarter
Net income	`ProfitLoss`	$369.50M	USD	1 Quarter
Less: Income attributable to non-controlling interests	`NetIncomeLossAttributableToNoncontrollingInterest`	$1.30M	USD	1 Quarter
Less: Income attributable to non-controlling interests	`NetIncomeLossAttributableToNoncontrollingInterest`	$1.60M	USD	1 Quarter
Net income attributable to Penske Automotive Group common stockholders	`NetIncomeLoss`	$298.30M	USD	1 Quarter
Net income attributable to Penske Automotive Group common stockholders	`NetIncomeLoss`	$367.90M	USD	1 Quarter
Net income attributable to Penske Automotive Group common stockholders (in dollars per share)	`EarningsPerShareBasic`	$4.31	USD	1 Quarter
Net income attributable to Penske Automotive Group common stockholders (in dollars per share)	`EarningsPerShareBasic`	$4.76	USD	1 Quarter
Shares used in determining basic earnings per share (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	77.22M	shares	1 Quarter
Shares used in determining basic earnings per share (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	69.20M	shares	1 Quarter
Net income attributable to Penske Automotive Group common stockholders (in dollars per share)	`EarningsPerShareDiluted`	$4.76	USD	1 Quarter
Net income attributable to Penske Automotive Group common stockholders (in dollars per share)	`EarningsPerShareDiluted`	$4.31	USD	1 Quarter
Shares used in determining diluted earnings per share (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	69.22M	shares	1 Quarter
Shares used in determining diluted earnings per share (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	77.25M	shares	1 Quarter
Net income	`ProfitLoss`	$299.60M	USD	1 Quarter
Net income	`ProfitLoss`	$369.50M	USD	1 Quarter
Less: Income attributable to non-controlling interests	`NetIncomeLossAttributableToNoncontrollingInterest`	$1.30M	USD	1 Quarter
Less: Income attributable to non-controlling interests	`NetIncomeLossAttributableToNoncontrollingInterest`	$1.60M	USD	1 Quarter
Net income attributable to Penske Automotive Group common stockholders	`NetIncomeLoss`	$298.30M	USD	1 Quarter
Net income attributable to Penske Automotive Group common stockholders	`NetIncomeLoss`	$367.90M	USD	1 Quarter
Cash dividends per share (in dollars per share)	`CommonStockDividendsPerShareCashPaid`	$0.47	USD	1 Quarter
Cash dividends per share (in dollars per share)	`CommonStockDividendsPerShareCashPaid`	$0.61	USD	1 Quarter

Cash Flow Statement 64 line items

Line Item	Tag	Value	Unit	Period
Repayment of sellers' floor plan notes payable	`RepaymentOfSellersFloorPlanNotesPayable`	-	USD	1 Quarter
Repayment of sellers' floor plan notes payable	`RepaymentOfSellersFloorPlanNotesPayable`	$16.50M	USD	1 Quarter
Net income	`ProfitLoss`	$299.60M	USD	1 Quarter
Net income	`ProfitLoss`	$369.50M	USD	1 Quarter
Depreciation	`Depreciation`	$33.90M	USD	1 Quarter
Depreciation	`Depreciation`	$31.90M	USD	1 Quarter
Earnings of equity method investments	`IncomeLossFromEquityMethodInvestmentsNetOfDividendsOrDistributions`	$119.60M	USD	1 Quarter
Earnings of equity method investments	`IncomeLossFromEquityMethodInvestmentsNetOfDividendsOrDistributions`	$82.10M	USD	1 Quarter
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$13.70M	USD	1 Quarter
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$41.40M	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInReceivables`	$10.20M	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInReceivables`	$101.10M	USD	1 Quarter
Inventories	`IncreaseDecreaseInRetailRelatedInventories`	$95.20M	USD	1 Quarter
Inventories	`IncreaseDecreaseInRetailRelatedInventories`	$-30.80M	USD	1 Quarter
Floor plan notes payable	`IncreaseDecreaseInFloorPlanNotesPayable`	$8.10M	USD	1 Quarter
Floor plan notes payable	`IncreaseDecreaseInFloorPlanNotesPayable`	$-12.90M	USD	1 Quarter
Accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$131.60M	USD	1 Quarter
Accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$134.60M	USD	1 Quarter
Other	`IncreaseDecreaseInOtherOperatingCapitalNet`	$-6.00M	USD	1 Quarter
Other	`IncreaseDecreaseInOtherOperatingCapitalNet`	$-11.80M	USD	1 Quarter
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$311.20M	USD	1 Quarter
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$380.60M	USD	1 Quarter
Purchases of property, equipment, and improvements	`PaymentsToAcquireProductiveAssets`	$102.40M	USD	1 Quarter
Purchases of property, equipment, and improvements	`PaymentsToAcquireProductiveAssets`	$56.20M	USD	1 Quarter
Proceeds from sale of property and equipment	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$1.80M	USD	1 Quarter
Proceeds from sale of property and equipment	`ProceedsFromSaleOfPropertyPlantAndEquipment`	-	USD	1 Quarter
Acquisitions net, including repayment of sellers' floor plan notes payable of $0.0 and $16.5, respectively	`PaymentsToAcquireBusinessesNetOfCashAcquired`	$93.60M	USD	1 Quarter
Acquisitions net, including repayment of sellers' floor plan notes payable of $0.0 and $16.5, respectively	`PaymentsToAcquireBusinessesNetOfCashAcquired`	-	USD	1 Quarter
Other	`PaymentsForProceedsFromOtherInvestingActivities`	$3.10M	USD	1 Quarter
Other	`PaymentsForProceedsFromOtherInvestingActivities`	$1.80M	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-149.80M	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-105.50M	USD	1 Quarter
Proceeds from borrowings under revolving U.S. credit agreement and mortgage facility	`ProceedsFromLongTermLinesOfCredit`	$611.70M	USD	1 Quarter
Proceeds from borrowings under revolving U.S. credit agreement and mortgage facility	`ProceedsFromLongTermLinesOfCredit`	$409.00M	USD	1 Quarter
Repayments under revolving U.S. credit agreement and mortgage facility	`RepaymentsOfLongTermLinesOfCredit`	$512.00M	USD	1 Quarter
Repayments under revolving U.S. credit agreement and mortgage facility	`RepaymentsOfLongTermLinesOfCredit`	$409.00M	USD	1 Quarter
Net repayments of other debt	`ProceedsFromRepaymentsOfOtherLongTermDebt`	$-9.90M	USD	1 Quarter
Net repayments of other debt	`ProceedsFromRepaymentsOfOtherLongTermDebt`	$-23.90M	USD	1 Quarter
Net (repayments) borrowings of floor plan notes payable non-trade	`NetBorrowingsRepaymentsOfFloorPlanNotesPayableNontrade`	$6.50M	USD	1 Quarter
Net (repayments) borrowings of floor plan notes payable non-trade	`NetBorrowingsRepaymentsOfFloorPlanNotesPayableNontrade`	$-133.10M	USD	1 Quarter
Repurchases of common stock	`PaymentsForRepurchaseOfCommonStock`	$110.20M	USD	1 Quarter
Repurchases of common stock	`PaymentsForRepurchaseOfCommonStock`	$119.20M	USD	1 Quarter
Dividends	`PaymentsOfDividendsCommonStock`	$42.30M	USD	1 Quarter
Dividends	`PaymentsOfDividendsCommonStock`	$36.40M	USD	1 Quarter
Payment of debt issuance costs	`PaymentsOfFinancingCosts`	$100.00K	USD	1 Quarter
Payment of debt issuance costs	`PaymentsOfFinancingCosts`	$2.00M	USD	1 Quarter
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-211.80M	USD	1 Quarter
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-159.10M	USD	1 Quarter
Effect of exchange rate changes on cash and cash equivalents	`EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$-2.10M	USD	1 Quarter
Effect of exchange rate changes on cash and cash equivalents	`EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$200.00K	USD	1 Quarter
Net change in cash and cash equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$-5.90M	USD	1 Quarter
Net change in cash and cash equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$69.60M	USD	1 Quarter
Cash and cash equivalents, beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$170.30M	USD	Point-in-time
Cash and cash equivalents, beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$100.60M	USD	Point-in-time
Cash and cash equivalents, beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$100.70M	USD	Point-in-time
Cash and cash equivalents, beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$106.50M	USD	Point-in-time
Cash and cash equivalents, end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$170.30M	USD	Point-in-time
Cash and cash equivalents, end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$100.60M	USD	Point-in-time
Cash and cash equivalents, end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$100.70M	USD	Point-in-time
Cash and cash equivalents, end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$106.50M	USD	Point-in-time
Interest	`InterestPaidNet`	$24.70M	USD	1 Quarter
Interest	`InterestPaidNet`	$47.70M	USD	1 Quarter
Income taxes	`IncomeTaxesPaidNet`	$23.90M	USD	1 Quarter
Income taxes	`IncomeTaxesPaidNet`	$19.30M	USD	1 Quarter

Stockholders Equity 26 line items

Line Item	Tag	Value	Unit	Period
Beginning balance (in shares)	`CommonStockSharesIssued`	69.68M	shares	Point-in-time
Beginning balance (in shares)	`CommonStockSharesIssued`	69.00M	shares	Point-in-time
Beginning balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$4.16B	USD	Point-in-time
Beginning balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$4.09B	USD	Point-in-time
Beginning balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$4.17B	USD	Point-in-time
Beginning balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$4.35B	USD	Point-in-time
Equity compensation	`StockIssuedDuringPeriodValueShareBasedCompensation`	$7.80M	USD	1 Quarter
Equity compensation	`StockIssuedDuringPeriodValueShareBasedCompensation`	$7.40M	USD	1 Quarter
Repurchases of common stock	`StockRepurchasedAndRetiredDuringPeriodValue`	$119.20M	USD	1 Quarter
Repurchases of common stock	`StockRepurchasedAndRetiredDuringPeriodValue`	$111.30M	USD	1 Quarter
Dividends	`DividendsCash`	$42.30M	USD	1 Quarter
Dividends	`DividendsCash`	$36.40M	USD	1 Quarter
Distributions to non-controlling interest	`MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders`	$600.00K	USD	1 Quarter
Distributions to non-controlling interest	`MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders`	$300.00K	USD	1 Quarter
Foreign currency translation	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$-28.50M	USD	1 Quarter
Foreign currency translation	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$18.30M	USD	1 Quarter
Other	`OtherComprehensiveIncomeOtherNetOfTax`	$-1.20M	USD	1 Quarter
Other	`OtherComprehensiveIncomeOtherNetOfTax`	$4.80M	USD	1 Quarter
Net income	`ProfitLoss`	$299.60M	USD	1 Quarter
Net income	`ProfitLoss`	$369.50M	USD	1 Quarter
Ending balance (in shares)	`CommonStockSharesIssued`	69.68M	shares	Point-in-time
Ending balance (in shares)	`CommonStockSharesIssued`	69.00M	shares	Point-in-time
Ending balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$4.16B	USD	Point-in-time
Ending balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$4.09B	USD	Point-in-time
Ending balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$4.17B	USD	Point-in-time
Ending balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$4.35B	USD	Point-in-time

Comprehensive Income 14 line items

Line Item	Tag	Value	Unit	Period
Net income	`ProfitLoss`	$299.60M	USD	1 Quarter
Net income	`ProfitLoss`	$369.50M	USD	1 Quarter
Foreign currency translation adjustment	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$-28.50M	USD	1 Quarter
Foreign currency translation adjustment	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$18.30M	USD	1 Quarter
Other adjustments to comprehensive income, net	`OtherComprehensiveIncomeOtherAdjustmentNetOfTaxPeriodIncreaseDecrease`	$-1.20M	USD	1 Quarter
Other adjustments to comprehensive income, net	`OtherComprehensiveIncomeOtherAdjustmentNetOfTaxPeriodIncreaseDecrease`	$4.80M	USD	1 Quarter
Other comprehensive income (loss), net of tax	`OtherComprehensiveIncomeLossNetOfTax`	$-29.70M	USD	1 Quarter
Other comprehensive income (loss), net of tax	`OtherComprehensiveIncomeLossNetOfTax`	$23.10M	USD	1 Quarter
Comprehensive income	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$339.80M	USD	1 Quarter
Comprehensive income	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$322.70M	USD	1 Quarter
Less: Comprehensive income attributable to non-controlling interests	`ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest`	$1.60M	USD	1 Quarter
Less: Comprehensive income attributable to non-controlling interests	`ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest`	$1.20M	USD	1 Quarter
Comprehensive income attributable to Penske Automotive Group common stockholders	`ComprehensiveIncomeNetOfTax`	$338.60M	USD	1 Quarter
Comprehensive income attributable to Penske Automotive Group common stockholders	`ComprehensiveIncomeNetOfTax`	$321.10M	USD	1 Quarter

Data is extracted from SEC EDGAR XBRL filings. Values shown are as reported in the filing.