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CONSOLIDATED CONDENSED STATEMENTS OF EQUITY - USD ($)
$ in Millions
Total
Cumulative Effect, Period of Adoption, Adjustment
Total Penske Automotive Group Stockholders' Equity
Total Penske Automotive Group Stockholders' Equity
Cumulative Effect, Period of Adoption, Adjustment
Voting and Non-voting Common Stock
Additional Paid-in Capital
Retained Earnings
Retained Earnings
Cumulative Effect, Period of Adoption, Adjustment
Accumulated Other Comprehensive Income (Loss)
Non-controlling Interest
Beginning balance (in shares) at Dec. 31, 2021         77,574,172          
Beginning balance at Dec. 31, 2021 $ 4,095.0 $ (121.6) $ 4,070.0 $ (121.6) $ 0.0 $ 42.2 $ 4,196.6 $ (121.6) $ (168.8) $ 25.0
Increase (decrease) in stockholders' equity                    
Equity compensation (in shares)         287,682          
Equity compensation 7.4   7.4     7.4        
Repurchase of common stock (in shares)         (1,203,449)          
Repurchases of common stock (119.2)   (119.2)     (49.6) (69.6)      
Dividends (36.4)   (36.4)       (36.4)      
Distributions to non-controlling interest (0.6)                 (0.6)
Foreign currency translation (28.5)   (28.1)           (28.1) (0.4)
Other (1.2)   (1.2)           (1.2)  
Net income 369.5   367.9       367.9     1.6
Ending balance (in shares) at Mar. 31, 2022         76,658,405          
Ending balance at Mar. 31, 2022 $ 4,164.4   4,138.8   $ 0.0 0.0 4,336.9   (198.1) 25.6
Beginning balance (in shares) at Dec. 31, 2022 69,681,891       69,681,891          
Beginning balance at Dec. 31, 2022 $ 4,174.8   4,148.0   $ 0.0 0.0 4,483.3   (335.3) 26.8
Increase (decrease) in stockholders' equity                    
Equity compensation (in shares)         208,994          
Equity compensation 7.8   7.8     7.8        
Repurchase of common stock (in shares)         (890,327)          
Repurchases of common stock (111.3)   (111.3)     (7.8) (103.5)      
Dividends (42.3)   (42.3)       (42.3)      
Distributions to non-controlling interest (0.3)                 (0.3)
Foreign currency translation 18.3   18.0           18.0 0.3
Other 4.8   4.8           4.8  
Net income $ 299.6   298.3       298.3     1.3
Ending balance (in shares) at Mar. 31, 2023 69,000,558       69,000,558          
Ending balance at Mar. 31, 2023 $ 4,351.4   $ 4,323.3   $ 0.0 $ 0.0 $ 4,635.8   $ (312.5) $ 28.1