Business Combinations (Tables)

3 Months Ended

Mar. 31, 2024

Business Combination and Asset Acquisition [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 three months ended March 31, 2024:

	Three Months Ended March 31,
	2024
Accounts receivable	$	33.6
Inventories	90.3
Other current assets	—
Property and equipment	14.9
Indefinite-lived intangibles	185.8
Other noncurrent assets	—
Current liabilities	(55.1)
Noncurrent liabilities	(25.9)
Total cash used in acquisitions	$	243.6

Summary of unaudited consolidated pro forma results of operations

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 March 31,
	2024		2023
Revenues	$	7,468.2	$	7,688.4
Net income attributable to Penske Automotive Group common stockholders	215.4		304.6
Net income per diluted common share	$	3.21	$	4.40