$PAG
Penske Automotive Group Inc

2024 Q3 Form 10-Q Financial Statement

#000101984924000096 Filed on July 31, 2024

View on sec.gov

Income Statement

Concept 2024 Q3 2024 Q2
Revenue $7.697B
YoY Change 3.06%
Cost Of Revenue $6.433B
YoY Change 3.83%
Gross Profit $1.264B
YoY Change -0.7%
Gross Profit Margin 16.42%
Selling, General & Admin $887.5M
YoY Change 3.43%
% of Gross Profit 70.21%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $38.60M
YoY Change 13.2%
% of Gross Profit 3.05%
Operating Expenses $887.5M
YoY Change -0.53%
Operating Profit $338.0M
YoY Change -11.24%
Interest Expense -$12.50M
YoY Change -164.1%
% of Operating Profit -3.7%
Other Income/Expense, Net
YoY Change
Pretax Income $325.5M
YoY Change -18.69%
Income Tax $82.60M
% Of Pretax Income 25.38%
Net Earnings $241.2M
YoY Change -19.81%
Net Earnings / Revenue 3.13%
Basic Earnings Per Share $3.61
Diluted Earnings Per Share $3.61
COMMON SHARES
Basic Shares Outstanding 66.77M shares 66.88M shares
Diluted Shares Outstanding 66.90M shares

Balance Sheet

Concept 2024 Q3 2024 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $115.1M
YoY Change -3.76%
Cash & Equivalents $115.1M
Short-Term Investments
Other Short-Term Assets $217.7M
YoY Change 11.7%
Inventory $4.706B
Prepaid Expenses
Receivables $1.041B
Other Receivables $0.00
Total Short-Term Assets $6.079B
YoY Change 19.52%
LONG-TERM ASSETS
Property, Plant & Equipment $2.914B
YoY Change -41.87%
Goodwill $2.356B
YoY Change 6.68%
Intangibles
YoY Change
Long-Term Investments $1.814B
YoY Change 6.14%
Other Assets $71.50M
YoY Change 18.57%
Total Long-Term Assets $10.55B
YoY Change 8.69%
TOTAL ASSETS
Total Short-Term Assets $6.079B
Total Long-Term Assets $10.55B
Total Assets $16.63B
YoY Change 12.41%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $943.4M
YoY Change -0.01%
Accrued Expenses $916.9M
YoY Change 11.4%
Deferred Revenue $301.0M
YoY Change 4.99%
Short-Term Debt $4.141B
YoY Change 30.55%
Long-Term Debt Due $171.7M
YoY Change 31.98%
Total Short-Term Liabilities $6.173B
YoY Change 21.79%
LONG-TERM LIABILITIES
Long-Term Debt $1.595B
YoY Change -1.18%
Other Long-Term Liabilities $253.3M
YoY Change -90.06%
Total Long-Term Liabilities $1.848B
YoY Change -55.6%
TOTAL LIABILITIES
Total Short-Term Liabilities $6.173B
Total Long-Term Liabilities $1.848B
Total Liabilities $11.65B
YoY Change 11.83%
SHAREHOLDERS EQUITY
Retained Earnings $5.254B
YoY Change 12.8%
Common Stock $0.00
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $4.955B
YoY Change
Total Liabilities & Shareholders Equity $16.63B
YoY Change 12.41%

Cashflow Statement

Concept 2024 Q3 2024 Q2
OPERATING ACTIVITIES
Net Income $241.2M
YoY Change -19.81%
Depreciation, Depletion And Amortization $38.60M
YoY Change 13.2%
Cash From Operating Activities $235.1M
YoY Change -19.84%
INVESTING ACTIVITIES
Capital Expenditures $99.20M
YoY Change 19.37%
Acquisitions
YoY Change
Other Investing Activities -$199.7M
YoY Change 174.31%
Cash From Investing Activities -$298.9M
YoY Change 91.73%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 62.00M
YoY Change -152.63%
NET CHANGE
Cash From Operating Activities 235.1M
Cash From Investing Activities -298.9M
Cash From Financing Activities 62.00M
Net Change In Cash -1.800M
YoY Change -109.18%
FREE CASH FLOW
Cash From Operating Activities $235.1M
Capital Expenditures $99.20M
Free Cash Flow $135.9M
YoY Change -35.35%

Facts In Submission

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CY2023Q4 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
240000000 shares
CY2024Q2 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
240000000 shares
CY2024Q2 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
66770815 shares
CY2024Q2 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
66770815 shares
CY2023Q4 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
67111181 shares
CY2023Q4 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
67111181 shares
CY2024Q2 us-gaap Additional Paid In Capital Common Stock
AdditionalPaidInCapitalCommonStock
0 usd
CY2024Q2 us-gaap Stockholders Equity
StockholdersEquity
4954600000 usd
CY2023Q4 us-gaap Stockholders Equity
StockholdersEquity
4726200000 usd
CY2024Q2 us-gaap Minority Interest
MinorityInterest
31700000 usd
CY2023Q4 us-gaap Minority Interest
MinorityInterest
29400000 usd
CY2024Q2 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
4986300000 usd
CY2023Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
4755600000 usd
CY2024Q2 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
16633500000 usd
CY2024Q2 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
7696700000 usd
CY2023Q2 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
7468500000 usd
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
15144500000 usd
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
14807500000 usd
CY2024Q2 us-gaap Cost Of Goods And Services Sold
CostOfGoodsAndServicesSold
6432600000 usd
CY2023Q2 us-gaap Cost Of Goods And Services Sold
CostOfGoodsAndServicesSold
6195500000 usd
us-gaap Cost Of Goods And Services Sold
CostOfGoodsAndServicesSold
12635200000 usd
us-gaap Cost Of Goods And Services Sold
CostOfGoodsAndServicesSold
12282200000 usd
CY2024Q2 us-gaap Gross Profit
GrossProfit
1264100000 usd
CY2023Q2 us-gaap Gross Profit
GrossProfit
1273000000 usd
us-gaap Gross Profit
GrossProfit
2509300000 usd
us-gaap Gross Profit
GrossProfit
2525300000 usd
CY2024Q2 us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
887500000 usd
CY2023Q2 us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
858100000 usd
us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
1767300000 usd
us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
1703000000 usd
CY2024Q2 us-gaap Depreciation
Depreciation
38600000 usd
CY2023Q2 us-gaap Depreciation
Depreciation
34100000 usd
us-gaap Depreciation
Depreciation
76400000 usd
us-gaap Depreciation
Depreciation
68000000.0 usd
CY2024Q2 us-gaap Operating Income Loss
OperatingIncomeLoss
338000000.0 usd
CY2023Q2 us-gaap Operating Income Loss
OperatingIncomeLoss
380800000 usd
us-gaap Operating Income Loss
OperatingIncomeLoss
665600000 usd
us-gaap Operating Income Loss
OperatingIncomeLoss
754300000 usd
CY2024Q2 pag Floor Plan Interest Expense
FloorPlanInterestExpense
46600000 usd
CY2023Q2 pag Floor Plan Interest Expense
FloorPlanInterestExpense
30800000 usd
pag Floor Plan Interest Expense
FloorPlanInterestExpense
91400000 usd
pag Floor Plan Interest Expense
FloorPlanInterestExpense
58700000 usd
CY2024Q2 us-gaap Interest Expense Other
InterestExpenseOther
19900000 usd
CY2023Q2 us-gaap Interest Expense Other
InterestExpenseOther
24200000 usd
us-gaap Interest Expense Other
InterestExpenseOther
41200000 usd
CY2024Q2 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
54000000.0 usd
CY2023Q2 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
74500000 usd
us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
87300000 usd
us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
156600000 usd
CY2024Q2 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
325500000 usd
CY2023Q2 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
400300000 usd
us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
620300000 usd
us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
807200000 usd
CY2024Q2 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
82600000 usd
CY2023Q2 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
97700000 usd
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
161200000 usd
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
205000000.0 usd
CY2024Q2 us-gaap Profit Loss
ProfitLoss
242900000 usd
CY2023Q2 us-gaap Profit Loss
ProfitLoss
302600000 usd
us-gaap Profit Loss
ProfitLoss
602200000 usd
CY2024Q2 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
1700000 usd
CY2023Q2 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
1800000 usd
us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
2700000 usd
us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
3100000 usd
CY2024Q2 us-gaap Net Income Loss
NetIncomeLoss
241200000 usd
CY2023Q2 us-gaap Net Income Loss
NetIncomeLoss
300800000 usd
us-gaap Net Income Loss
NetIncomeLoss
456400000 usd
us-gaap Net Income Loss
NetIncomeLoss
599100000 usd
CY2024Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
3.61
CY2023Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
4.41
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
6.81
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
8.72
CY2024Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
66900000 shares
CY2023Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
68200000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
67000000.0 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
68700000 shares
CY2024Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
3.61
CY2023Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
4.41
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
6.81
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
8.72
CY2023Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
68200000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
67000000.0 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
68700000 shares
CY2024Q2 us-gaap Profit Loss
ProfitLoss
242900000 usd
CY2023Q2 us-gaap Profit Loss
ProfitLoss
302600000 usd
us-gaap Profit Loss
ProfitLoss
459100000 usd
us-gaap Profit Loss
ProfitLoss
602200000 usd
CY2024Q2 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
1700000 usd
CY2023Q2 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
1800000 usd
us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
2700000 usd
us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
3100000 usd
CY2024Q2 us-gaap Net Income Loss
NetIncomeLoss
241200000 usd
us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
-34200000 usd
us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
59900000 usd
us-gaap Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
9900000 usd
us-gaap Proceeds From Long Term Lines Of Credit
ProceedsFromLongTermLinesOfCredit
1355700000 usd
us-gaap Payments Of Financing Costs
PaymentsOfFinancingCosts
700000 usd
us-gaap Payments Of Financing Costs
PaymentsOfFinancingCosts
2000000.0 usd
us-gaap Proceeds From Payments For Other Financing Activities
ProceedsFromPaymentsForOtherFinancingActivities
-8200000 usd
us-gaap Proceeds From Payments For Other Financing Activities
ProceedsFromPaymentsForOtherFinancingActivities
-100000 usd
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-20100000 usd
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
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us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
-1000000.0 usd
us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
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us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
18700000 usd
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
13100000 usd
CY2022Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
106500000 usd
CY2024Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
115100000 usd
CY2023Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
119600000 usd
us-gaap Interest Paid Net
InterestPaidNet
127400000 usd
us-gaap Interest Paid Net
InterestPaidNet
114300000 usd
us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
161300000 usd
us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
212400000 usd
CY2024Q1 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
4846100000 usd
CY2024Q2 us-gaap Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
7700000 usd
us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
-34200000 usd
dei Entity Address City Or Town
EntityAddressCityOrTown
Bloomfield Hills
dei Entity Filer Category
EntityFilerCategory
Large Accelerated Filer
CY2024Q2 us-gaap Inventory Net
InventoryNet
4705900000 usd
CY2023Q4 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
1419500000 usd
CY2024Q2 us-gaap Operating Lease Liability Current Statement Of Financial Position Extensible List
OperatingLeaseLiabilityCurrentStatementOfFinancialPositionExtensibleList
http://fasb.org/us-gaap/2024#AccruedLiabilitiesCurrent
CY2024Q2 pag Floor Plan Notes Payable
FloorPlanNotesPayable
2578200000 usd
CY2024Q2 us-gaap Preferred Stock Shares Issued
PreferredStockSharesIssued
0 shares
CY2024Q2 us-gaap Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
0 shares
CY2023Q4 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
15671500000 usd
us-gaap Interest Expense Other
InterestExpenseOther
45000000.0 usd
us-gaap Profit Loss
ProfitLoss
459100000 usd
CY2024Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
66900000 shares
us-gaap Profit Loss
ProfitLoss
602200000 usd
CY2023Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
96400000 usd
us-gaap Other Comprehensive Income Other Net Of Tax
OtherComprehensiveIncomeOtherNetOfTax
-9400000 usd
us-gaap Profit Loss
ProfitLoss
459100000 usd
CY2024Q2 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
4986300000 usd
CY2022Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
4174800000 usd
us-gaap Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
16000000.0 usd
us-gaap Stock Repurchased And Retired During Period Value
StockRepurchasedAndRetiredDuringPeriodValue
353300000 usd
us-gaap Dividends Cash
DividendsCash
87200000 usd
us-gaap Minority Interest Decrease From Distributions To Noncontrolling Interest Holders
MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders
2700000 usd
us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
51700000 usd
us-gaap Other Comprehensive Income Other Net Of Tax
OtherComprehensiveIncomeOtherNetOfTax
8200000 usd
us-gaap Profit Loss
ProfitLoss
602200000 usd
CY2023Q2 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
4409700000 usd
us-gaap Use Of Estimates
UseOfEstimates
<div style="margin-top:10pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%">Estimates</span></div><div style="margin-top:10pt;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The preparation of financial statements in accordance with accounting principles generally accepted in the United States of America requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities, the disclosure of contingent assets and liabilities at the date of the financial statements, and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates. The accounts requiring the use of estimates include accounts receivable, inventories, income taxes, intangible assets, leases, and certain reserves.</span></div>
CY2024Q2 us-gaap Contract With Customer Liability Current
ContractWithCustomerLiabilityCurrent
301000000.0 usd
CY2023Q4 us-gaap Contract With Customer Liability Current
ContractWithCustomerLiabilityCurrent
280200000 usd
us-gaap Contract With Customer Liability Revenue Recognized
ContractWithCustomerLiabilityRevenueRecognized
150000000.0 usd
CY2024Q2 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
5300000000 usd
CY2024Q2 us-gaap Sublease Income
SubleaseIncome
3700000 usd
us-gaap Sublease Income
SubleaseIncome
7600000 usd
CY2023Q2 us-gaap Sublease Income
SubleaseIncome
4300000 usd
us-gaap Sublease Income
SubleaseIncome
8500000 usd
CY2024Q2 us-gaap Operating Lease Cost
OperatingLeaseCost
66100000 usd
CY2023Q2 us-gaap Operating Lease Cost
OperatingLeaseCost
65200000 usd
us-gaap Operating Lease Cost
OperatingLeaseCost
133400000 usd
us-gaap Operating Lease Cost
OperatingLeaseCost
129600000 usd
CY2024Q2 us-gaap Sublease Income
SubleaseIncome
3700000 usd
CY2023Q2 us-gaap Sublease Income
SubleaseIncome
4300000 usd
us-gaap Sublease Income
SubleaseIncome
7600000 usd
us-gaap Sublease Income
SubleaseIncome
8500000 usd
CY2024Q2 us-gaap Lease Cost
LeaseCost
62400000 usd
CY2023Q2 us-gaap Lease Cost
LeaseCost
60900000 usd
us-gaap Lease Cost
LeaseCost
125800000 usd
us-gaap Lease Cost
LeaseCost
121100000 usd
us-gaap Operating Lease Payments
OperatingLeasePayments
133500000 usd
us-gaap Operating Lease Payments
OperatingLeasePayments
129300000 usd
pag Right Of Use Asset Modified Or Obtained In Exchange For Operating Lease Liability
RightOfUseAssetModifiedOrObtainedInExchangeForOperatingLeaseLiability
112200000 usd
pag Right Of Use Asset Modified Or Obtained In Exchange For Operating Lease Liability
RightOfUseAssetModifiedOrObtainedInExchangeForOperatingLeaseLiability
-4400000 usd
CY2024Q2 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P24Y
CY2023Q4 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P24Y
CY2024Q2 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.067
CY2023Q4 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.067
CY2024Q2 us-gaap Lessee Operating Lease Liability Payments Remainder Of Fiscal Year
LesseeOperatingLeaseLiabilityPaymentsRemainderOfFiscalYear
127800000 usd
CY2024Q2 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
252100000 usd
CY2024Q2 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
246600000 usd
CY2024Q2 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
237100000 usd
CY2024Q2 us-gaap Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
235000000.0 usd
CY2024Q2 us-gaap Lessee Operating Lease Liability Payments Due Year Five
LesseeOperatingLeaseLiabilityPaymentsDueYearFive
228800000 usd
CY2024Q2 us-gaap Lessee Operating Lease Liability Payments Due After Year Five
LesseeOperatingLeaseLiabilityPaymentsDueAfterYearFive
4014400000 usd
CY2024Q2 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
5341800000 usd
CY2024Q2 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
2856600000 usd
CY2024Q2 us-gaap Operating Lease Liability
OperatingLeaseLiability
2485200000 usd
CY2024Q2 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
87800000 usd
CY2024Q2 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
2397400000 usd
CY2024Q2 us-gaap Operating Lease Liability
OperatingLeaseLiability
2485200000 usd
CY2024Q2 us-gaap Inventory Net
InventoryNet
4705900000 usd
CY2023Q4 us-gaap Inventory Net
InventoryNet
4293100000 usd
CY2024Q2 pag Floor Plan Interest Credits And Advertising Assistance
FloorPlanInterestCreditsAndAdvertisingAssistance
16300000 usd
CY2023Q2 pag Floor Plan Interest Credits And Advertising Assistance
FloorPlanInterestCreditsAndAdvertisingAssistance
11400000 usd
pag Floor Plan Interest Credits And Advertising Assistance
FloorPlanInterestCreditsAndAdvertisingAssistance
30700000 usd
us-gaap Business Combination Pro Forma Information Revenue Of Acquiree Since Acquisition Date Actual
BusinessCombinationProFormaInformationRevenueOfAcquireeSinceAcquisitionDateActual
418400000 usd
us-gaap Business Combination Pro Forma Information Earnings Or Loss Of Acquiree Since Acquisition Date Actual
BusinessCombinationProFormaInformationEarningsOrLossOfAcquireeSinceAcquisitionDateActual
8300000 usd
CY2024Q2 us-gaap Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Current Assets Receivables
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedCurrentAssetsReceivables
33600000 usd
CY2023Q2 us-gaap Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Current Assets Receivables
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedCurrentAssetsReceivables
0 usd
CY2024Q2 us-gaap Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Inventory
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedInventory
135000000.0 usd
CY2023Q2 us-gaap Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Inventory
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedInventory
25300000 usd
CY2024Q2 us-gaap Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Current Assets Prepaid Expense And Other Assets
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedCurrentAssetsPrepaidExpenseAndOtherAssets
200000 usd
CY2023Q2 us-gaap Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Current Assets Prepaid Expense And Other Assets
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedCurrentAssetsPrepaidExpenseAndOtherAssets
100000 usd
CY2024Q2 us-gaap Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Property Plant And Equipment
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedPropertyPlantAndEquipment
37000000.0 usd
CY2023Q2 us-gaap Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Property Plant And Equipment
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedPropertyPlantAndEquipment
2800000 usd
CY2024Q2 pag Business Acquisition Purchase Price Allocation Indefinite Lived Intangible Assets
BusinessAcquisitionPurchasePriceAllocationIndefiniteLivedIntangibleAssets
319800000 usd
CY2023Q2 pag Business Acquisition Purchase Price Allocation Indefinite Lived Intangible Assets
BusinessAcquisitionPurchasePriceAllocationIndefiniteLivedIntangibleAssets
54100000 usd
CY2024Q2 us-gaap Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Other Noncurrent Assets
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedOtherNoncurrentAssets
0 usd
CY2023Q2 us-gaap Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Other Noncurrent Assets
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedOtherNoncurrentAssets
0 usd
CY2024Q2 us-gaap Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Current Liabilities
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedCurrentLiabilities
62400000 usd
CY2023Q2 us-gaap Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Current Liabilities
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedCurrentLiabilities
1800000 usd
CY2024Q2 us-gaap Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Noncurrent Liabilities
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedNoncurrentLiabilities
22400000 usd
CY2023Q2 us-gaap Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Noncurrent Liabilities
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedNoncurrentLiabilities
0 usd
us-gaap Payments To Acquire Businesses Gross
PaymentsToAcquireBusinessesGross
440800000 usd
us-gaap Payments To Acquire Businesses Gross
PaymentsToAcquireBusinessesGross
80500000 usd
CY2024Q2 us-gaap Business Acquisitions Pro Forma Revenue
BusinessAcquisitionsProFormaRevenue
7764000000 usd
CY2023Q2 us-gaap Business Acquisitions Pro Forma Revenue
BusinessAcquisitionsProFormaRevenue
7880300000 usd
us-gaap Business Acquisitions Pro Forma Revenue
BusinessAcquisitionsProFormaRevenue
15640800000 usd
CY2024Q2 us-gaap Business Acquisitions Pro Forma Net Income Loss
BusinessAcquisitionsProFormaNetIncomeLoss
243200000 usd
CY2023Q2 us-gaap Business Acquisitions Pro Forma Net Income Loss
BusinessAcquisitionsProFormaNetIncomeLoss
308700000 usd
CY2024Q2 us-gaap Business Acquisition Pro Forma Earnings Per Share Diluted
BusinessAcquisitionProFormaEarningsPerShareDiluted
3.64
CY2023Q2 us-gaap Business Acquisition Pro Forma Earnings Per Share Diluted
BusinessAcquisitionProFormaEarningsPerShareDiluted
4.53
CY2023Q4 us-gaap Goodwill
Goodwill
2234900000 usd
CY2023Q4 us-gaap Other Indefinite Lived Intangible Assets
OtherIndefiniteLivedIntangibleAssets
748200000 usd
us-gaap Goodwill Acquired During Period
GoodwillAcquiredDuringPeriod
131900000 usd
us-gaap Indefinitelived Intangible Assets Acquired
IndefinitelivedIntangibleAssetsAcquired
187900000 usd
us-gaap Goodwill Written Off Related To Sale Of Business Unit
GoodwillWrittenOffRelatedToSaleOfBusinessUnit
0 usd
us-gaap Indefinite Lived Intangible Assets Written Off Related To Sale Of Business Unit
IndefiniteLivedIntangibleAssetsWrittenOffRelatedToSaleOfBusinessUnit
0 usd
us-gaap Goodwill Translation And Purchase Accounting Adjustments
GoodwillTranslationAndPurchaseAccountingAdjustments
-10400000 usd
us-gaap Indefinite Lived Intangible Assets Translation And Purchase Accounting Adjustments
IndefiniteLivedIntangibleAssetsTranslationAndPurchaseAccountingAdjustments
-4200000 usd
CY2024Q2 us-gaap Goodwill
Goodwill
2356400000 usd
CY2024Q2 us-gaap Other Indefinite Lived Intangible Assets
OtherIndefiniteLivedIntangibleAssets
931900000 usd
pag Floor Plan Notes Payable Foreign Maximum Duration
FloorPlanNotesPayableForeignMaximumDuration
P90D
CY2024Q2 us-gaap Debt Weighted Average Interest Rate
DebtWeightedAverageInterestRate
0.049
CY2023Q2 us-gaap Debt Weighted Average Interest Rate
DebtWeightedAverageInterestRate
0.042
CY2024Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
66878772 shares
CY2023Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
68175825 shares
CY2024Q2 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
16776 shares
CY2023Q2 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
15003 shares
CY2024Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
66895548 shares
CY2023Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
68190828 shares
CY2024Q2 us-gaap Long Term Debt
LongTermDebt
1766300000 usd
CY2023Q4 us-gaap Long Term Debt
LongTermDebt
1629200000 usd
CY2024Q2 us-gaap Long Term Debt Current
LongTermDebtCurrent
171700000 usd
CY2023Q4 us-gaap Long Term Debt Current
LongTermDebtCurrent
209700000 usd
CY2024Q2 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
1594600000 usd
CY2023Q4 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
1419500000 usd
CY2024Q2 us-gaap Letters Of Credit Outstanding Amount
LettersOfCreditOutstandingAmount
23900000 usd
CY2024Q2 pag Bank Guarantees Amount
BankGuaranteesAmount
16000000.0 usd
CY2024Q2 pag Surety Bonds Posted
SuretyBondsPosted
18200000 usd
us-gaap Number Of Reportable Segments
NumberOfReportableSegments
4 segment
CY2024Q2 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
7696700000 usd
CY2023Q2 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
7468500000 usd
CY2024Q2 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
325500000 usd
CY2023Q2 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
400300000 usd
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
15144500000 usd
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
14807500000 usd
us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
620300000 usd
us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
807200000 usd
CY2024Q2 ecd Rule10b51 Arr Adopted Flag
Rule10b51ArrAdoptedFlag
false
CY2024Q2 ecd Non Rule10b51 Arr Adopted Flag
NonRule10b51ArrAdoptedFlag
false
CY2024Q2 ecd Non Rule10b51 Arr Trmntd Flag
NonRule10b51ArrTrmntdFlag
false
CY2024Q2 ecd Rule10b51 Arr Trmntd Flag
Rule10b51ArrTrmntdFlag
false

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