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Business Combinations (Tables) | 9 Months Ended
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Sep. 30, 2025
Business Combination, Asset Acquisition, Transaction between Entities under Common Control, and Joint Venture Formation [Abstract] |
Summary of the aggregate consideration paid and the aggregate amounts of the assets acquired and liabilities assumed | The following table summarizes the aggregate consideration paid and the aggregate amounts of the assets acquired and liabilities assumed for the nine months ended September 30, 2025, and 2024:
| Nine Months Ended September 30,
| 2025 |  | 2024
Accounts receivable | $ | — |  |  | $ | 34.1 |
Inventories | 2.8 |  |  | 217.9 |
Other current assets | 0.1 |  |  | 0.2 |
Property and equipment | 0.5 |  |  | 63.5 |
Indefinite-lived intangibles | 25.4 |  |  | 402.2 |
Other noncurrent assets | — |  |  | — |
Current liabilities | (7.3) |  |  | (59.9) |
Noncurrent liabilities | — |  |  | (20.6) |
Total cash used in acquisitions | $ | 21.5 |  |  | $ | 637.4 |
Summary of unaudited consolidated pro forma results of operations | Our following unaudited consolidated pro forma results of operations for the three and nine months ended September 30, 2025, and 2024 give effect to acquisitions consummated during 2025 and 2024 as if they had occurred on January 1, 2024. 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 September 30, |  | Nine Months Ended September 30,
| 2025 |  | 2024 |  | 2025 |  | 2024
Revenues | $ | 7,695.3 |  |  | $ | 7,657.6 |  |  | $ | 22,980.8 |  |  | $ | 23,365.0 |
Net income attributable to Penske Automotive Group common stockholders | 213.0 |  |  | 226.6 |  |  | 708.0 |  |  | 692.9 |
Net income per diluted common share | $ | 3.23 |  |  | $ | 3.39 |  |  | $ | 10.67 |  |  | $ | 10.35 |

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- Definition Tabular disclosure of pro forma revenue and earnings for business combination or aggregate of series of individually immaterial business combinations. + References Reference 1: http://www.xbrl.org/2003/role/exampleRef -Topic 805 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 8 -Publisher FASB -URI https://asc.fasb.org/1943274/2147479328/805-10-50-8 Reference 2: http://www.xbrl.org/2003/role/exampleRef -Topic 805 -SubTopic 10 -Name Accounting Standards Codification -Section 55 -Paragraph 49 -Publisher FASB -URI https://asc.fasb.org/1943274/2147479303/805-10-55-49 Reference 3: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 805 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 3 -Publisher FASB -URI https://asc.fasb.org/1943274/2147479328/805-10-50-3 Reference 4: http://www.xbrl.org/2009/role/commonPracticeRef -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (h)(2) -SubTopic 10 -Topic 805 -Publisher FASB -URI https://asc.fasb.org/1943274/2147479328/805-10-50-2 Reference 5: http://www.xbrl.org/2009/role/commonPracticeRef -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (h)(3) -SubTopic 10 -Topic 805 -Publisher FASB -URI https://asc.fasb.org/1943274/2147479328/805-10-50-2 + Details
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