Market Summary
USD162.56-2.48
Market Closed-1.50%
PAG Alerts
PAG Stock Price
PAG RSI Chart
PAG Valuation
PAG Price/Sales (Trailing)
PAG Profitability
PAG Fundamentals
PAG Revenue
PAG Earnings
Price Action
52 Week Range
94.01180.84
(Low)(High)
Last 7 days
0.8%
Last 30 days
-3.5%
Last 90 days
3.8%
Trailing 12 Months
57.8%
PAG Financial Health
PAG Investor Care
Historical Charts for Stock Metrics
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Net sales
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Latest Insider Trading transactions for PAG
Filter Transactions| Datesorted ascending | Name | Buy/Sell | $ Value | Avg. Price | # Shares | Title |
|---|---|---|---|---|---|---|
2023-09-01 | KURNICK ROBERT H JR | sold | -1,826,820 | 166 | -10,997 | president |
2023-08-09 | BARR JOHN | sold | -490,470 | 163 | -3,000 | - |
2023-06-05 | Hulgrave Michelle | sold | -290,260 | 145 | -2,000 | evp & cfo |
2023-06-05 | Spradlin Shane M. | sold | -463,766 | 141 | -3,284 | evp, gen. counsel & sec. |
2023-06-01 | PENSKE ROGER S | sold (taxes) | -5,835,930 | 138 | -42,158 | chair & ceo |
2023-06-01 | Denker Claude H III | sold (taxes) | -583,621 | 138 | -4,216 | evp - human resources |
2023-06-01 | KURNICK ROBERT H JR | sold (taxes) | -1,167,520 | 138 | -8,434 | president |
2023-06-01 | Spradlin Shane M. | sold (taxes) | -583,621 | 138 | -4,216 | evp, gen. counsel & sec. |
2023-06-01 | Hulgrave Michelle | sold (taxes) | -220,381 | 138 | -1,592 | evp & cfo |
2023-05-03 | MCWATERS KIMBERLY J | sold | -1,206,410 | 141 | -8,524 | - |
Which funds bought or sold PAG recently?
View All Details| Datesorted ascending | Fund Name | Type | % Chg | $ Change | $ Held | % Portfolio |
|---|---|---|---|---|---|---|
2023-09-12 | Farther Finance Advisors, LLC | unchanged | - | 1,415 | 9,498 | -% |
2023-08-24 | Alberta Investment Management Corp | unchanged | - | 491,436 | 3,299,270 | 0.03% |
2023-08-24 | INVICTUS PRIVATE WEALTH, LLC | unchanged | - | 63,589 | 426,906 | 0.05% |
2023-08-22 | VIRGINIA RETIREMENT SYSTEMS ET AL | sold off | -100 | -850,860 | - | -% |
2023-08-21 | OSAIC HOLDINGS, INC. | reduced | -1.94 | 390,595 | 2,929,420 | -% |
2023-08-21 | CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM | reduced | -27.86 | -755,942 | 4,207,410 | 0.01% |
2023-08-21 | VisionPoint Advisory Group, LLC | new | - | 667 | 667 | -% |
2023-08-16 | Nuveen Asset Management, LLC | reduced | -13.22 | 192,637 | 9,979,640 | -% |
2023-08-16 | CreativeOne Wealth, LLC | added | 120 | 382,000 | 622,000 | 0.02% |
2023-08-15 | Retirement Group, LLC | unchanged | - | 166 | 4,166 | -% |
Latest Funds Activity
Calls
Puts
Net Call Options
No. of Funds
PAG Alerts
Schedule 13G FIlings of Penske Automotive Group
| Date Filed | Name of Filer | Percent of Class | No. of Shares | Form Type | |
|---|---|---|---|---|---|
| Feb 08, 2022 | dimensional fund advisors lp | 4.6% | 3,594,674 | SC 13G/A | |
| Dec 21, 2021 | mitsui & co ltd | 17.0% | 13,322,205 | SC 13D/A | |
| Feb 12, 2021 | dimensional fund advisors lp | 5.3% | 4,241,667 | SC 13G |
Recent SEC filings of Penske Automotive Group
View All Filings| Date Filed | Form Type | Document | |
|---|---|---|---|
| Sep 20, 2023 | 8-K | Current Report | |
| Sep 05, 2023 | 4 | Insider Trading | |
| Sep 05, 2023 | 4 | Insider Trading | |
| Sep 05, 2023 | 4 | Insider Trading | |
| Sep 05, 2023 | 4 | Insider Trading | |
| Sep 05, 2023 | 4 | Insider Trading | |
| Sep 05, 2023 | 4 | Insider Trading | |
| Sep 05, 2023 | 4 | Insider Trading | |
| Sep 01, 2023 | 144 | Notice of Insider Sale Intent | |
| Aug 11, 2023 | 4 | Insider Trading |
Peers (Alternatives to Penske Automotive Group)
View All Peers In Detail| Name | Mkt Capsorted ascending | Revenue | Price %, 1M | Returns, 1Y | P/E | P/S | Rev 1-Yr | Inc 1-Yr |
|---|---|---|---|---|---|---|---|---|
| LARGE-CAP | ||||||||
HD | 311.2B | 154.9B | -4.07% | 14.89% | 19.17 | 2.01 | -0.23% | -3.86% |
ORLY | 57.1B | 15.2B | 0.04% | 34.91% | 25.3 | 3.75 | 10.79% | 5.71% |
AZO | 47.5B | 17.1B | 5.45% | 21.20% | 19.2 | 2.78 | 8.20% | 2.84% |
KMX | 12.9B | 28.1B | 0.64% | -0.94% | 27.95 | 0.46 | -16.27% | -52.34% |
| MID-CAP | ||||||||
PAG | 10.9B | 28.7B | -3.50% | 57.78% | 8.84 | 0.38 | 7.74% | -12.15% |
LAD | 8.3B | 29.3B | 0.55% | 31.58% | 7.54 | 0.28 | 10.99% | -13.31% |
MUSA | 7.4B | 22.2B | 9.11% | 22.16% | 12.85 | 0.33 | 4.57% | 5.07% |
AN | 6.8B | 26.7B | -4.12% | 43.37% | 5.65 | 0.25 | 0.26% | -19.30% |
ABG | 4.7B | 14.9B | 3.04% | 47.98% | 5.06 | 0.32 | 8.81% | 19.77% |
AAP | 3.6B | 11.2B | -11.85% | -62.91% | 10.34 | 0.32 | 1.42% | -28.99% |
| SMALL-CAP | ||||||||
TA | 1.3B | 10.8B | -0.81% | 138.96% | 9.18 | 0.12 | 33.09% | 75.40% |
CWH | 903.1M | 6.5B | -20.59% | -25.67% | 6.59 | 0.13 | -8.44% | -86.10% |
CRMT | 556.1M | 1.4B | -17.00% | 25.79% | 27.22 | 0.4 | 17.56% | -78.50% |
LAZY | 97.4M | 1.2B | -38.60% | -50.21% | 10.2 | 0.08 | -15.08% | -91.16% |
Penske Automotive Group News
Returns for PAG
Cumulative Returns on PAG
16.8%
10-Year Cumulative Returns
21.6%
7-Year Cumulative Returns
28.9%
5-Year Cumulative Returns
52.6%
3-Year Cumulative Returns
Risks for PAG
What is the probability of a big loss on PAG?
56.5%
Probability that Penske Automotive Group stock will be more than 20% underwater in next one year
20%
Probability that Penske Automotive Group stock will be more than 30% underwater in next one year.
19.2%
Probability that Penske Automotive Group stock will be more than 40% underwater in next one year.
*Calculated based on probability distribution of losses observed in actual data in the last 5 years.
How does PAG drawdown profile look like?
Y-axis is the maximum loss one would have experienced if Penske Automotive Group was unfortunately bought at previous high price.
Drawdowns
Financials for Penske Automotive Group
Income Statement (Last 12 Months)(In Millions)
| Income Statement (Last 12 Months) | (In Millions) | |||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Description | (%) Q/Q | 2023Q2 | 2023Q1 | 2022Q4 | 2022Q3 | 2022Q2 | 2022Q1 | 2021Q4 | 2021Q3 | 2021Q2 | 2021Q1 | 2020Q4 | 2020Q3 | 2020Q2 | 2020Q1 | 2019Q4 | 2019Q3 | 2019Q2 | 2019Q1 | 2018Q4 | 2018Q3 | 2018Q2 |
| Revenue | 2.0% | 28,740 | 28,178 | 27,815 | 27,099 | 26,676 | 26,756 | 25,555 | 25,071 | 24,545 | 21,209 | 20,444 | 20,523 | 20,519 | 22,624 | 23,179 | 22,727 | 22,418 | 22,603 | 22,785 | 22,744 | 22,610 |
| Gross Profit | 0.7% | 4,895 | 4,859 | 4,839 | 4,835 | 4,814 | 4,759 | 4,441 | 4,160 | 3,951 | 3,321 | 3,185 | 3,153 | 3,066 | 3,381 | 3,456 | 3,397 | 3,380 | 3,402 | 3,415 | 3,415 | 3,385 |
| S&GA Expenses | 1.2% | 3,311 | 3,271 | 3,224 | 3,199 | 3,164 | 3,096 | 2,963 | 2,798 | 2,683 | 2,387 | 2,365 | 2,424 | 2,453 | 2,669 | 2,693 | 2,653 | 2,643 | 2,650 | 2,646 | 2,648 | 2,631 |
| EBITDA | -100.0% | - | 2,034 | 2,099 | 2,104 | 2,105 | 2,075 | 1,825 | 1,712 | 1,550 | 1,043 | 876 | 756 | 615 | 735 | 796 | - | - | - | - | - | - |
| EBITDA Margin | -100.0% | - | 0.07* | 0.08* | 0.08* | 0.08* | 0.08* | 0.07* | 0.07* | 0.06* | 0.05* | 0.04* | 0.04* | 0.03* | 0.03* | 0.03* | - | - | - | - | - | - |
| Interest Expenses | 31.0% | 178 | 136 | 113 | 92.00 | 86.00 | 93.00 | 95.00 | 142 | 145 | 159 | 169 | 172 | 184 | 205 | 205 | 202 | 197 | 194 | 190 | 188 | 180 |
| Earnings Before Taxes | -5.6% | 1,669 | 1,769 | 1,859 | 1,885 | 1,894 | 1,858 | 1,608 | 1,451 | 1,286 | 884 | 708 | 584 | 431 | 529 | 592 | 579 | 577 | 594 | 604 | 605 | 587 |
| EBT Margin | -100.0% | - | 0.06* | 0.07* | 0.07* | 0.07* | 0.07* | 0.06* | 0.06* | 0.05* | 0.04* | 0.03* | 0.03* | 0.02* | 0.02* | 0.03* | - | - | - | - | - | - |
| Net Income | -5.6% | 1,237 | 1,310 | 1,380 | 1,393 | 1,408 | 1,373 | 1,188 | 1,077 | 968 | 674 | 544 | 445 | 315 | 387 | 436 | 432 | 446 | 463 | 471 | 703 | 667 |
| Net Income Margin | -100.0% | - | 0.05* | 0.05* | 0.05* | 0.05* | 0.05* | 0.05* | 0.04* | 0.04* | 0.03* | 0.03* | 0.02* | 0.02* | 0.02* | 0.02* | - | - | - | - | - | - |
| Free Cashflow | -100.0% | - | 1,390 | 1,459 | 1,170 | 1,255 | 1,433 | 1,292 | 1,682 | 1,334 | 1,229 | 1,202 | 707 | 998 | 639 | 518 | - | - | - | - | - | - |
Balance Sheet(In Millions)
| Balance Sheet | (In Millions) | |||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Description | (%) Q/Q | 2023Q2 | 2023Q1 | 2022Q4 | 2022Q3 | 2022Q2 | 2022Q1 | 2021Q4 | 2021Q3 | 2021Q2 | 2021Q1 | 2020Q4 | 2020Q3 | 2020Q2 | 2020Q1 | 2019Q4 | 2019Q3 | 2019Q2 | 2019Q1 | 2018Q4 | 2018Q3 | 2018Q2 |
| Assets | 2.8% | 14,797 | 14,396 | 14,115 | 13,588 | 13,504 | 13,666 | 13,465 | 12,719 | 13,307 | 13,222 | 13,247 | 13,010 | 12,876 | 13,817 | 13,943 | 13,690 | 13,361 | 13,575 | 10,905 | 10,527 | 10,571 |
| Current Assets | 5.5% | 5,086 | 4,823 | 4,664 | 4,210 | 4,132 | 4,266 | 4,075 | 3,577 | 4,142 | 4,359 | 4,409 | 4,349 | 4,418 | 5,396 | 5,334 | 5,188 | 5,075 | 5,283 | 5,095 | 4,866 | 4,958 |
| Cash Equivalents | 18.9% | 120 | 101 | 107 | 92.00 | 155 | 170 | 101 | 119 | 165 | 95.00 | 50.00 | 93.00 | 159 | 432 | 28.00 | 78.00 | 44.00 | 44.00 | 39.00 | 38.00 | 46.00 |
| Inventory | 6.9% | 3,881 | 3,630 | 3,509 | 3,147 | 3,055 | 3,120 | 3,129 | 2,598 | 2,937 | 3,278 | 3,426 | 3,210 | 3,426 | 4,263 | 4,261 | 4,044 | 3,978 | 4,104 | 4,040 | 3,783 | 3,895 |
| Net PPE | 2.2% | 2,625 | 2,567 | 2,497 | 2,416 | 2,402 | 2,415 | 2,442 | 2,379 | 2,410 | 2,373 | 2,404 | 2,338 | 2,294 | 2,298 | 2,366 | 2,309 | 2,309 | 2,276 | 2,250 | 2,178 | 2,145 |
| Goodwill | 2.1% | 2,209 | 2,163 | 2,155 | 2,113 | 2,140 | 2,157 | 2,124 | 2,051 | 2,071 | 1,929 | 1,928 | 1,901 | 1,878 | 1,869 | 1,911 | 1,877 | 1,749 | 1,761 | 1,752 | 1,693 | 1,701 |
| Liabilities | 3.4% | 10,387 | 10,044 | 9,940 | 9,500 | 9,285 | 9,502 | 9,370 | 8,853 | 9,544 | 9,737 | 9,921 | 9,926 | 10,099 | 11,109 | 11,131 | 11,030 | 10,700 | 10,914 | 8,270 | 7,915 | 8,045 |
| Current Liabilities | 6.5% | 5,069 | 4,761 | 4,713 | 4,313 | 4,215 | 4,413 | 4,275 | 3,837 | 4,403 | 4,589 | 4,675 | 4,109 | 4,690 | 5,229 | 5,451 | 5,347 | 5,170 | 5,376 | 5,048 | 4,826 | 4,906 |
| Long Term Debt | 2.5% | 1,744 | 1,701 | 1,622 | 1,638 | 1,486 | 1,463 | 1,474 | 1,425 | 1,518 | 1,581 | 1,690 | 2,302 | 2,137 | 2,621 | 2,360 | 2,379 | 2,228 | 2,213 | 2,217 | 2,086 | 2,152 |
| LT Debt, Current | 59.6% | 130 | 82.00 | 75.00 | 76.00 | 79.00 | 79.00 | 82.00 | 68.00 | 82.00 | 88.00 | 88.00 | 86.00 | 83.00 | 105 | 103 | 97.00 | 93.00 | 95.00 | 92.00 | 93.00 | 92.00 |
| LT Debt, Non Current | -0.4% | 1,614 | 1,620 | 1,547 | 1,562 | 1,408 | 1,384 | 1,392 | 1,357 | 1,436 | 1,493 | 1,602 | 2,216 | 2,054 | 2,516 | 2,257 | 2,283 | 2,134 | 2,118 | 2,125 | 1,993 | 2,060 |
| Shareholder's Equity | 0.7% | 4,382 | 4,351 | 4,148 | 4,064 | 4,219 | 4,164 | 4,095 | 3,866 | 3,763 | 3,485 | 3,326 | 3,084 | 2,778 | 2,708 | 2,812 | 2,659 | 2,661 | 2,661 | 2,635 | 2,612 | 2,526 |
| Retained Earnings | 0.5% | 4,658 | 4,636 | 4,483 | 4,505 | 4,507 | 4,337 | 4,197 | 3,922 | 3,603 | 3,299 | 3,151 | 2,985 | 2,738 | 2,693 | 2,676 | 2,608 | 2,524 | 2,439 | 2,366 | 2,299 | 2,200 |
| Additional Paid-In Capital | - | - | - | - | - | - | - | 42.00 | 111 | 284 | 318 | 312 | 301 | 296 | 296 | 320 | 317 | 357 | 428 | 478 | 488 | 484 |
| Shares Outstanding | -2.5% | 67.00 | 69.00 | 70.00 | 72.00 | 76.00 | 77.00 | 78.00 | 80.00 | 81.00 | 81.00 | 80.00 | 80.00 | 80.00 | 81.00 | 81.00 | 82.00 | 83.00 | 84.00 | 85.00 | 85.00 | 85.00 |
| Minority Interest | -1.8% | 28.00 | 28.00 | 27.00 | 25.00 | 25.00 | 26.00 | 25.00 | 24.00 | 24.00 | 23.00 | 24.00 | 19.00 | 18.00 | 18.00 | 18.00 | 20.00 | 21.00 | 20.00 | 26.00 | 29.00 | 29.00 |
Cashflow (Last 12 Months)(In Millions)
| Cashflow (Last 12 Months) | (In Millions) | |||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Description | (%) Q/Q | 2023Q2 | 2023Q1 | 2022Q4 | 2022Q3 | 2022Q2 | 2022Q1 | 2021Q4 | 2021Q3 | 2021Q2 | 2021Q1 | 2020Q4 | 2020Q3 | 2020Q2 | 2020Q1 | 2019Q4 | 2019Q3 | 2019Q2 | 2019Q1 | 2018Q4 | 2018Q3 | 2018Q2 |
| Cashflow From Operations | -14.8% | 1,184 | 1,390 | 1,459 | 1,170 | 1,255 | 1,433 | 1,292 | 1,682 | 1,334 | 1,229 | 1,202 | 707 | 998 | 639 | 518 | 739 | 502 | 531 | 614 | 692 | 720 |
| Cashflow From Investing | 8.6% | -546 | -597 | -641 | -831 | -648 | -754 | -623 | -424 | -420 | -138 | -136 | -117 | -458 | -498 | -532 | -737 | -421 | -406 | -525 | -364 | -624 |
| Cashflow From Financing | 21.4% | -668 | -850 | -798 | -349 | -604 | -600 | -615 | -1,231 | -918 | -1,437 | -1,053 | -582 | -424 | 250 | 3.00 | 39.00 | -81.70 | -132 | -94.30 | -326 | -70.60 |
| Dividend Payments | 4.3% | 167 | 160 | 154 | 150 | 147 | 144 | 143 | 140 | 104 | 69.00 | 68.00 | 68.00 | 101 | 133 | 131 | 129 | 127 | 124 | 121 | 118 | 115 |
| Buy Backs | 7.8% | 946 | 878 | 869 | 676 | 545 | 413 | 281 | 220 | 41.00 | 5.00 | 29.00 | 30.00 | 73.00 | 144 | 169 | 187 | 144 | 73.00 | 69.00 | 56.00 | 66.00 |
PAG Income Statement
2023-06-30CONSOLIDATED CONDENSED STATEMENTS OF INCOME - USD ($) $ in Millions | 3 Months Ended | 6 Months Ended | ||
|---|---|---|---|---|
Jun. 30, 2023 | Jun. 30, 2022 | Jun. 30, 2023 | Jun. 30, 2022 | |
| Revenue: | ||||
| Total revenues | $ 7,468.5 | $ 6,906.9 | $ 14,807.5 | $ 13,882.3 |
| Cost of sales: | ||||
| Total cost of sales | 6,195.5 | 5,669.9 | 12,282.2 | 11,413.6 |
| Gross profit | 1,273.0 | 1,237.0 | 2,525.3 | 2,468.7 |
| Selling, general, and administrative expenses | 858.1 | 817.7 | 1,703.0 | 1,615.5 |
| Depreciation | 34.1 | 31.7 | 68.0 | 63.6 |
| Operating income | 380.8 | 387.6 | 754.3 | 789.6 |
| Floor plan interest expense | (30.8) | (9.0) | (58.7) | (16.5) |
| Other interest expense | (24.2) | (17.0) | (45.0) | (33.5) |
| Equity in earnings of affiliates | 74.5 | 138.0 | 156.6 | 257.6 |
| Income before income taxes | 400.3 | 499.6 | 807.2 | 997.2 |
| Income taxes | (97.7) | (123.7) | (205.0) | (251.8) |
| Net income | 302.6 | 375.9 | 602.2 | 745.4 |
| Less: Income attributable to non-controlling interests | 1.8 | 1.9 | 3.1 | 3.5 |
| Net income attributable to Penske Automotive Group common stockholders | $ 300.8 | $ 374.0 | $ 599.1 | $ 741.9 |
| Basic earnings per share attributable to Penske Automotive Group common stockholders: | ||||
| Net income attributable to Penske Automotive Group common stockholders (in dollars per share) | $ 4.41 | $ 4.93 | $ 8.72 | $ 9.70 |
| Shares used in determining basic earnings per share (in shares) | 68,175,825 | 75,793,239 | 68,689,106 | 76,501,402 |
| Diluted earnings per share attributable to Penske Automotive Group common stockholders: | ||||
| Net income attributable to Penske Automotive Group common stockholders (in dollars per share) | $ 4.41 | $ 4.93 | $ 8.72 | $ 9.70 |
| Shares used in determining diluted earnings per share (in shares) | 68,190,828 | 75,817,119 | 68,704,109 | 76,525,282 |
| Amounts attributable to Penske Automotive Group common stockholders: | ||||
| Net income | $ 302.6 | $ 375.9 | $ 602.2 | $ 745.4 |
| Less: Income attributable to non-controlling interests | 1.8 | 1.9 | 3.1 | 3.5 |
| Net income attributable to Penske Automotive Group common stockholders | $ 300.8 | $ 374.0 | $ 599.1 | $ 741.9 |
| Cash dividends per share (in dollars per share) | $ 0.66 | $ 0.50 | $ 1.27 | $ 0.97 |
| Retail automotive dealership | ||||
| Revenue: | ||||
| Total revenues | $ 6,406.0 | $ 5,997.3 | $ 12,705.8 | $ 12,026.5 |
| Cost of sales: | ||||
| Total cost of sales | 5,320.1 | 4,937.3 | 10,557.3 | 9,915.8 |
| Retail commercial truck dealership | ||||
| Revenue: | ||||
| Total revenues | 919.2 | 768.7 | 1,814.8 | 1,561.0 |
| Cost of sales: | ||||
| Total cost of sales | 772.4 | 632.7 | 1,521.0 | 1,283.8 |
| Commercial vehicle distribution and other | ||||
| Revenue: | ||||
| Total revenues | 143.3 | 140.9 | 286.9 | 294.8 |
| Cost of sales: | ||||
| Total cost of sales | $ 103.0 | $ 99.9 | $ 203.9 | $ 214.0 |
PAG Balance Sheet
2023-06-30CONSOLIDATED CONDENSED BALANCE SHEETS - USD ($) $ in Millions | Jun. 30, 2023 | Dec. 31, 2022 |
|---|---|---|
| ASSETS | ||
| Cash and cash equivalents | $ 119.6 | $ 106.5 |
| Accounts receivable, net of allowance for doubtful accounts of $6.7 and $6.6 | 890.6 | 906.7 |
| Inventories | 3,881.3 | 3,509.1 |
| Other current assets | 194.9 | 141.9 |
| Total current assets | 5,086.4 | 4,664.2 |
| Property and equipment, net | 2,624.5 | 2,496.5 |
| Operating lease right-of-use assets | 2,389.1 | 2,416.1 |
| Goodwill | 2,208.9 | 2,154.7 |
| Other indefinite-lived intangible assets | 718.6 | 690.9 |
| Equity method investments | 1,709.1 | 1,636.9 |
| Other long-term assets | 60.3 | 55.3 |
| Total assets | 14,796.9 | 14,114.6 |
| LIABILITIES AND EQUITY | ||
| Floor plan notes payable | 1,706.7 | 1,565.7 |
| Floor plan notes payable — non-trade | 1,465.1 | 1,430.6 |
| Accounts payable | 943.5 | 853.5 |
| Accrued expenses and other current liabilities | 823.1 | 788.1 |
| Current portion of long-term debt | 130.1 | 75.2 |
| Total current liabilities | 5,068.5 | 4,713.1 |
| Long-term debt | 1,613.6 | 1,546.9 |
| Long-term operating lease liabilities | 2,308.6 | 2,335.7 |
| Deferred tax liabilities | 1,156.6 | 1,121.0 |
| Other long-term liabilities | 239.9 | 223.1 |
| Total liabilities | 10,387.2 | 9,939.8 |
| 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 | 4,657.9 | 4,483.3 |
| Accumulated other comprehensive income (loss) | (275.8) | (335.3) |
| Total Penske Automotive Group stockholders' equity | 4,382.1 | 4,148.0 |
| Non-controlling interest | 27.6 | 26.8 |
| Total equity | 4,409.7 | 4,174.8 |
| Total liabilities and equity | 14,796.9 | 14,114.6 |
| 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 |
Penske Automotive Group, Inc., a diversified transportation services company, operates automotive and commercial truck dealerships. The company operates through four segments: Retail Automotive, Retail Commercial Truck, Other, and Non-Automotive Investments. It operates dealerships under franchise agreements with various automotive manufacturers and distributors. The company engages in the sale of new and used motor vehicles, and related products and services comprise vehicle and collision repair services, as well as placement of finance and lease contracts, third-party insurance products, and other aftermarket products; and wholesale of parts. It also operates a heavy and medium duty truck dealership, which offers Freightliner and Western Star branded trucks, as well as a range of used trucks, and maintenance and repair services. In addition, it imports and distributes Western Star heavy-duty trucks, MAN heavy and medium duty trucks, buses, and Dennis Eagle refuse collection vehicles with associated parts in Australia, New Zealand, and portions of the Pacific. Further, the company distributes diesel and gas engines, and power systems. The company operates 320 retail automotive franchises, including 146 franchises located in the United States and 174 franchises located outside of the United States; 23 CarShop used vehicle dealerships in the United States and the United Kingdom; and 37 commercial truck dealerships in Texas, Oklahoma, Tennessee, Georgia, Utah, Idaho, Kansas, Missouri, and Oregon, as well as Canada. Penske Automotive Group, Inc. was incorporated in 1990 and is headquartered in Bloomfield Hills, Michigan.