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Penske Automotive Group

Logo: The logo is from the following website: https://s23.q4cdn.com/254571496/files/images/irw/logo.png, Non-free logo, via Wikipedia6

International transportation services company

Penske Automotive Group, Inc. (PAG) is an American transportation services company headquartered in Bloomfield Hills, Michigan. It operates automotive and commercial truck dealers principally in the United States, Canada, and Western Europe, and distributes commercial vehicles, engines, power systems, and related parts and services principally in Australia and New Zealand. Additionally, PAG owns 28.9% of Penske Transportation Solutions, a business that manages a fleet of over 400,000 trucks, tractors, and trailers.3 It was founded by Roger Penske and Marshall Cogan.1 Its revenue was $11.1 billion in 2006.1 Wikipedia text CC BY-SA 4.0

$212.51 up 0.51 (0.24%)Price as of Oct 16, 2026 at 19:58 UTC

Last updated Oct 21, 2026.

Overview

1990Founded1

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  • TickerPAG on NYSE1
  • Industryautomotive industry1
  • HeadquartersBloomfield Hills1
  • Websitewww.penskeautomotive.com
  • Legal formDelaware corporation1
  • Incorporated inDE7
  • Business address2555 Telegraph Rd, Bloomfield Hills, Mi 48302-09547
  • Filer categoryLarge accelerated filer7
  • LEI549300W7UTQ0M4C7LB154
  • StatusActive4
  • LEI statusLapsed (not renewed)4
  • Registered addressC/O THE CORPORATION TRUST COMPANY, 19801 Wilmington, United States4
  • Registered withDivision of Corporations, Department of State, 22484904

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Penske Automotive Group, Inc. (PAG) is an American transportation services company headquartered in Bloomfield Hills, Michigan. It operates automotive and commercial truck dealers principally in the United States, Canada, and Western Europe, and distributes commercial vehicles, engines, power systems, and related parts and services principally in Australia and New Zealand. Additionally, PAG owns 28.9% of Penske Transportation Solutions, a business that manages a fleet of over 400,000 trucks, tractors, and trailers. PAG is a member of the Fortune 500, Russell 1000, and Russell 3000 indexes.3

Financials

From the company’s reports to the SEC. Every number links to the filing it came from.

Key numbers, fiscal 2025

16.4%Gross margin10
4.0%Operating margin10
2.9%Net margin10
-0.2%Revenue growth, 202510
16.8%Return on equity10
0.33×Debt to equity10

What sells

Revenue by product, business segment and region, as the company reports it to the SEC.

Business segments

Retail Automotive Dealership brought in 84% of the revenue Penske Automotive Group broke down this way in fiscal 2025.

  1. Retail Automotive Dealership$27.5B1084%down 0% from 2024
  2. Retail Commercial Truck Dealership$3.4B1010%down 3% from 2024
  3. Other Operating$922.6M103%up 19% from 2024
  4. Commercial Vehicle Distribution And Other$922.6M103%up 19% from 2024
Business segments by year
Business segments202320242025
Retail Automotive Dealership$26.6B$27.6B$27.5B
Retail Commercial Truck Dealership$3.7B$3.5B$3.4B
Other Operating$634.0M$777.9M$922.6M
Commercial Vehicle Distribution And Other$634.0M$777.9M$922.6M

Regions

United States brought in 62% of the revenue Penske Automotive Group broke down this way in fiscal 2025.

  1. United States$19.6B1062%up 2% from 2024
  2. United Kingdom$8.3B1026%down 11% from 2024
  3. Non-US and Non-UK$3.9B1012%up 14% from 2024
Regions by year
Regions202320242025
United States$18.6B$19.1B$19.6B
United Kingdom$9.2B$9.3B$8.3B
Non-US and Non-UK$3.1B$3.4B$3.9B

Where the money goes

Where each dollar of revenue went, fiscal 2025

  • Cost of revenue84¢$26.6B
  • Selling, general and admin12¢$3.8B
  • Other costs1¢$191.8M
  • Income tax1¢$325.8M
  • Profit3¢$935.4M

Out of $31.8B in revenue.10

Where each dollar of operating cash went, fiscal 2025

  • Dividends paid35¢$343.8M
  • Share buybacks16¢$159.1M
  • Kept or used elsewhere48¢$472.2M

Out of $975.1M of cash from operations.10

Financial statements

Revenue1112131410$31.8B in 2025+37% since 2019
0$10.0B$20.0B$30.0B$40.0B2019: $23.2B$23.2B20192020: $20.4B$20.4B2020−12%2021: $25.6B$25.6B2021+25%2022: $27.8B$27.8B2022+9%2023: $30.9B$30.9B2023+11%2024: $31.9B$31.9B2024+3%2025: $31.8B$31.8B2025−0%
Gross profit1112131410$5.2B in 2025+51% since 2019
0$2.0B$4.0B$6.0B2019: $3.5B$3.5B20192020: $3.2B$3.2B2020−8%2021: $4.4B$4.4B2021+39%2022: $4.8B$4.8B2022+9%2023: $5.1B$5.1B2023+6%2024: $5.2B$5.2B2024+1%2025: $5.2B$5.2B2025−0%
Operating income1112131410$1.3B in 2025+96% since 2019
0$500.0M$1.0B$1.5B2019: $652.7M$652.7M20192020: $704.5M$704.5M2020+8%2021: $1.4B$1.4B2021+93%2022: $1.5B$1.5B2022+10%2023: $1.4B$1.4B2023−5%2024: $1.4B$1.4B2024−3%2025: $1.3B$1.3B2025−7%
Net income1112131410$935.4M in 2025+115% since 2019
0$500.0M$1.0B$1.5B2019: $435.8M$435.8M20192020: $543.6M$543.6M2020+25%2021: $1.2B$1.2B2021+119%2022: $1.4B$1.4B2022+16%2023: $1.1B$1.1B2023−20%2024: $968.9M$968.9M2024−13%2025: $935.4M$935.4M2025−3%

Every line of the income statement as filed: the last 3 fiscal years (annual) or 8 quarters (quarterly), latest first.10

Period ending2025-12-312024-12-312023-12-31
Total revenues$31.8B$31.9B$30.9B
Total cost of sales$26.6B$26.6B$25.8B
Gross profit$5.2B$5.2B$5.1B
Selling, general, and administrative expenses$3.8B$3.7B$3.6B
Goodwill impairment charges$0$0$40.7M
Depreciation$172.3M$161.3M$143.7M
Operating income$1.3B$1.4B$1.4B
Floor plan interest expense-$170.6M-$193.1M-$135.3M
Other interest expense-$91.6M-$87.8M-$92.6M
Gain on sale of dealership$52.3M$0$0
Equity in earnings of affiliates$192.9M$200.7M$293.7M
Income before income taxes$1.3B$1.3B$1.5B
Income taxes-$325.8M-$316.5M-$360.9M
Net income attributable to Penske Automotive Group common stockholders$935.4M$968.9M$1.1B
Net income attributable to Penske Automotive Group common stockholders (in dollars per share)$14.13$14.49$16.31
Shares used in determining basic earnings per share (in shares)66.2M shares66.9M shares68.0M shares
Net income attributable to Penske Automotive Group common stockholders (in dollars per share)$14.13$14.49$16.31
Shares used in determining diluted earnings per share (in shares)66.2M shares66.9M shares68.0M shares
Net income$937.9M$973.4M$1.1B
Less: Income attributable to non-controlling interests$2.5M$4.5M$5.4M
Cash dividends per share (in dollars per share)$5.18$4.09$2.78

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Corporate structure

Penske Automotive Group sits at the top of its group. 36 entities, 8 countries on record. Switch between the flow chart and the network, and select any entity to see its details.

Major holders of Penske Automotive Group

  • MITSUI & CO LTD Filed SCHEDULE 13D/A on Penske Automotive Group, latest Oct 15, 2026 (4 filings since Dec 21, 2021)
  • Roger Penske Filed SCHEDULE 13D/A on Penske Automotive Group, latest Oct 15, 2026 (4 filings since Dec 8, 2023)
  • DIMENSIONAL FUND ADVISORS LP Filed SC 13G/A on Penske Automotive Group, latest Feb 8, 2022
  • Penske Automotive Group Bloomfield Hills, Michigan, United States
    • Audi Zentrum Aachen Jacobs Auto GmbH Subsidiary · Germany
    • AutoVanti Srl Subsidiary · Italy
    • Classic Auto Group, Inc. Subsidiary · New Jersey, United States
    • Dan Young Chevrolet, Inc. Subsidiary · Indiana, United States
    • DiFeo Partnership, LLC Subsidiary · Delaware, United States
    • Goodman Retail Limited Subsidiary · United Kingdom
    • Isaac Agnew (Holdings) Limited Subsidiary · United Kingdom
    • Jacobs Holding GmbH Subsidiary · Germany
    • Jacobs Innovation GmbH Subsidiary · Germany
    • Landers Auto Sales, LLC Subsidiary · Delaware, United States
    • Late Acquisition 1, LLC Subsidiary · Delaware, United States
    • Maranello Holdings Ltd. Subsidiary · United Kingdom
    • Nicole Racing Japan, LLC Subsidiary · Japan
    • PAG Atlanta Management, LLC Subsidiary · Delaware, United States
    • PAG Canadian Holdings ULC Subsidiary · British Columbia, Canada
    • PAG Greenwich Holdings, LLC Subsidiary · Delaware, United States
    • PAG ITALY S.R.L. Subsidiary · Casalecchio Di Reno, Italy
      • VANTI SPORT S.R.L. Subsidiary · Bologna, Italy
    • PAG Orlando Limited, LLC Subsidiary · Delaware, United States
    • PAG West, LLC Subsidiary · Delaware, United States
    • Penske Australia Pty Ltd. (c) Subsidiary · Australia
    • Penske Automotive Australia Pty Ltd. Subsidiary · Australia
    • Penske Automotive Europe GmbH Subsidiary · Germany
    • Penske Commercial Vehicles US, LLC Subsidiary · Delaware, United States
    • Penske Motor Group, LLC Subsidiary · California, United States
    • Penske New Zealand (c) Subsidiary · New Zealand
    • and 9 more

Built from parent and subsidiary links from GLEIF, the Global Legal Entity Identifier Foundation (CC0); subsidiaries listed in Exhibit 21 of annual reports filed with the SEC; major holders from Schedules 13D and 13G. Each entity in the chart links to its source.

What it owns

What Penske Automotive Group reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.

Property and equipment

ItemLatestA year beforeChange
Property and equipment, before depreciation$4.6B10 Dec 31, 2025$4.2B10 Dec 31, 2024+8.2%
Accumulated depreciation$1.3B10 Dec 31, 2025$1.2B10 Dec 31, 2024+13.5%
Property and equipment, net$3.2B10 Dec 31, 2025$3.0B10 Dec 31, 2024+6.1%
Operating-lease assets (leased space)$2.5B10 Dec 31, 2025$2.6B10 Dec 31, 2024−1.5%

Investments

ItemLatestA year beforeChange
Cash and cash equivalents$64.7M10 Dec 31, 2025$83.6M10 Dec 31, 2024−22.6%
Stakes in other companies (equity method)$1.9B10 Dec 31, 2025$1.8B10 Dec 31, 2024+5.3%

Intangibles and goodwill

ItemLatestA year beforeChange
Goodwill$2.4B10 Dec 31, 2025$2.4B10 Dec 31, 2024+2.5%
Indefinite-lived intangibles (excluding goodwill)$1.2B10 Dec 31, 2025$1.1B10 Dec 31, 2024+2.1%

Inventory

ItemLatestA year beforeChange
Inventory, total$4.8B10 Dec 31, 2025$4.7B10 Dec 31, 2024+2.2%

Properties, in its own words

We own our headquarters building in Bloomfield Hills, Michigan and many of our operating or management facilities. We also lease or sublease many of our other properties and other facilities. These leases are generally for an initial period of between 5 and 20 years and are typically structured to include renewal options at our election. We believe that our facilities are sufficient for our needs and are in good repair.

Item 2 of the 10-K filed Feb 27, 2026.18

The story

Founded by Marshall Cogan and Roger Penske in 1990.1

Penske Automotive was founded as United Automotive Group in 1990 by Marshall S. Cogan, and later came under the control of Penske Corporation and Roger Penske in May 1999. Several years later, on July 2, 2007, United Automotive Group changed its corporate name to Penske Automotive Group, Inc; and changed its ticker symbol on the NYSE to PAG.

In February 2009, General Motors declared its intent to part with the Saturn brand by closing or selling the division, either to investors or to dealers, as part of restructuring plans dependent upon the receipt of a second round of government loans ("bailout" funding). In June 2009, it was announced with much fanfare that Penske Automotive Group would purchase Saturn and its assets from General Motors. Less than four months later, on September 30, the deal collapsed as Penske announced it would terminate the deal with GM blaming manufacturing uncertainties with certain models.

From Wikipedia’s article on Penske Automotive Group, shared under CC BY-SA 4.0.8

Leadership

Who has led Penske Automotive Group, and when. Pick a name to see everywhere that person has worked.

Chief executive

  1. Roger Penske2006–now

Chair

  1. Roger Penske2006–now

President

  1. Samuel X. Difeo2006
  2. Roger Penske2007–2008
  3. Robert H. Kurnick Jr.2009–now

Chief financial officer

  1. Robert Oshaughnessy2007–2011
  2. Michelle Hulgrave2021–now
1995200020052010201520202025
Board members and other officers (32)

Subsidiaries and ownership

Subsidiaries (Exhibit 21)

  • Audi Zentrum Aachen Jacobs Auto GmbH Germany9
  • AutoVanti Srl Italy9
  • Classic Auto Group, Inc. New Jersey9
  • Dan Young Chevrolet, Inc. Indiana9
  • DiFeo Partnership, LLC Delaware9
  • Goodman Retail Limited England and Wales9
  • Isaac Agnew (Holdings) Limited Northern Ireland9
  • Jacobs Holding GmbH Germany9
  • Jacobs Innovation GmbH Germany9
  • Landers Auto Sales, LLC Delaware9
  • Late Acquisition 1, LLC Delaware9
  • Maranello Holdings Ltd. England & Wales9
  • Nicole Racing Japan, LLC Japan9
  • PAG Atlanta Management, LLC Delaware9
  • PAG Canadian Holdings ULC British Columbia9
  • PAG Greenwich Holdings, LLC Delaware9
  • PAG Italy S.r.l. Italy9
  • PAG Orlando Limited, LLC Delaware9
  • PAG West, LLC Delaware9
  • Penske Australia Pty Ltd. (c) Australia9
  • Penske Automotive Australia Pty Ltd. Australia9
  • Penske Automotive Europe GmbH Germany9
  • Penske Commercial Vehicles US, LLC Delaware9
  • Penske Motor Group, LLC California9
All 34 listed subsidiaries
  • Penske New Zealand (c) New Zealand9
  • Rybrook Automotive Ltd. England and Wales9
  • SDG Automotive Investments, LLC Ohio9
  • Sytner Group Limited England and Wales9
  • Tamburro Enterprises, Inc. Nevada9
  • UAG Caribbean, Inc. Delaware9
  • UAG Classic, Inc. Delaware9
  • UAG Connecticut I, LLC Delaware9
  • Volkswagen Zentrum Aachen (VW) GmbH Germany9
  • West Palm Auto Mall, Inc. Florida9

The subsidiaries the company lists in Exhibit 21 of its annual report, as filed.

Former names

  • UNITED AUTO GROUP INCDec 6, 1996 to Jun 26, 20077

Timeline

  1. Oct 15, 20268-K Other events56
  2. Oct 15, 20268-K Entered a material agreement; New debt or obligation; Executive or director change57
  3. Aug 10, 20268-K Other events58
  4. Jul 29, 20268-K Results of operations; Regulation FD disclosure59
  5. Jul 23, 20268-K Other events60
  6. Jul 22, 20268-K Other events61
  7. May 14, 20268-K Shareholder vote; Other events62
  8. Apr 29, 20268-K Results of operations; Regulation FD disclosure63
  9. Feb 11, 20268-K Results of operations; Regulation FD disclosure; Other events64
  10. Nov 19, 20258-K Entered a material agreement; Regulation FD disclosure65
  11. Oct 29, 20258-K Results of operations; Regulation FD disclosure66
  12. Oct 15, 20258-K Other events67
  13. Mar 9, 2006New chief executive Roger Penske becomes CEO19
  14. 1990Founded Founded1

Calendar

Coming up

  1. Nov 4, 2026Reports results for the quarter ending Sep/2026 A year earlier it reported $3.23 a share, on Oct 29, 2025.68

When it reported results

  1. Jul 29, 2026Reported quarterly or annual results59
  2. Apr 29, 2026Reported quarterly or annual results63
  3. Feb 11, 2026Reported quarterly or annual results64
  4. Oct 29, 2025Reported quarterly or annual results66
  5. Jul 30, 2025Reported quarterly or annual results69
  6. Apr 30, 2025Reported quarterly or annual results70
  7. Feb 13, 2025Reported quarterly or annual results71
  8. Oct 29, 2024Reported quarterly or annual results72

Upcoming dates from Nasdaq's calendar; past results from the company's 8-K filings (Item 2.02). The full markets calendar

Filings

392 filings to the SEC since October 2021: 5 annual reports, 15 quarterly reports, 57 major events, 259 insider forms, 9 large holders, 47 other. The latest 20:

  1. Oct 15, 2026SCHEDULE 13D/A EDGAR
  2. Oct 15, 2026SCHEDULE 13D/A EDGAR
  3. Oct 15, 2026DEFA14A EDGAR
  4. Oct 15, 2026DEFA14A EDGAR
  5. Oct 15, 20268-K EDGAR
  6. Oct 15, 20268-K EDGAR
  7. Sep 3, 20264 EDGAR
  8. Sep 3, 20264 EDGAR
  9. Sep 3, 20264 EDGAR
  10. Sep 3, 20264 EDGAR
  11. Sep 3, 20264 EDGAR
  12. Sep 3, 20264 EDGAR
  13. Aug 10, 20268-K EDGAR
  14. Jul 30, 202610-Q EDGAR
  15. Jul 29, 20268-K EDGAR
  16. Jul 23, 20268-K EDGAR
  17. Jul 22, 20268-K EDGAR
  18. Jul 22, 2026SCHEDULE 13D/A EDGAR
  19. Jul 22, 2026SCHEDULE 13D/A EDGAR
  20. Jun 17, 202611-K EDGAR

The 392 filings since October 2021 can be filtered by form type and year here when JavaScript is on.

Every filing from the last five years, summarized. The full record is on SEC EDGAR.

Insider trades

37 open-market trades by officers, directors and large owners since October 2021: 0 buys and 37 sales. Grants, option exercises and gifts are left out.

DateWhoTradeSharesPriceValueFiling
Jun 2, 2026Hulgrave MichelleEVP & CFOSale1,500$171.80$257.7KForm 4
May 18, 2026SMITH GREG CDirectorSale1,488$160.02$238.1KForm 4
Nov 24, 2025Hulgrave MichelleEVP & CFOSale2,100$160.17$336.4KForm 4
Aug 29, 2025Pierce Sandra E.DirectorSale1,604$187.05$300.0KForm 4
Aug 19, 2025Hulgrave MichelleEVP & CFOSale1,100$182.55$200.8KForm 4
Aug 18, 2025Davis Lisa AnnDirectorSale1,604$180.74$289.9KForm 4
Aug 13, 2025Spradlin Shane M.EVP, Gen. Counsel & Sec.Sale3,000$184.30$552.9KForm 4
Jun 9, 2025Spradlin Shane M.EVP, Gen. Counsel & Sec.Sale3,158$167.10$527.7KForm 4
Jun 3, 2025SMITH GREG CDirectorSale1,529$161.64$247.1KForm 4
Jun 3, 2025PENSKE ROGER SChair & CEOSale77,357$161.37$12.5MForm 4
Jun 2, 2025PENSKE ROGER SChair & CEOSale20,100$159.80$3.2MForm 4
Jun 2, 2025KURNICK ROBERT H JRPresidentSale11,357$160.11$1.8MForm 4
Jun 2, 2025Hulgrave MichelleEVP & CFOSale1,500$163.08$244.6KForm 4
Mar 13, 2025BARR JOHNDirectorSale1,529$155.45$237.7KForm 4
Feb 14, 2025Denker Claude H IIIEVP - Human ResourcesSale8,746$173.03$1.5MForm 4
Aug 1, 2024BARR JOHNDirectorSale716$170.71$122.2KForm 4
Jun 3, 2024Hulgrave MichelleEVP & CFOSale2,000$153.15$306.3KForm 4
Mar 13, 2024BARR JOHNDirectorSale1,600$154.05$246.5KForm 4
Feb 16, 2024SMITH GREG CDirectorSale1,604$149.38$239.6KForm 4
Feb 16, 2024STEINHART RONALD GDirectorSale2,029$149.58$303.5KForm 4

All 37 trades can be filtered by person here when JavaScript is on.

From Forms 4 filed with the SEC.

Major holders

Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.

Executive pay

What the company paid its top executives, from the summary compensation table in its proxy statement. Total pay includes salary, bonus, stock and option awards and other pay, as the company valued them.

YearExecutiveAgeSalaryTotal pay
2025Roger PenskeChief Executive Officer89$1.8M$8.8M76
2025Robert Kurnick, Jr.President64$1.0M$2.8M76
2025Shane SpradlinEVP, General Counsel & Secretary$770.0K$2.2M76
2025Shelley HulgraveEVP & Chief Financial Officer$770.0K$2.2M76
2025Bud DenkerEVP – Human Resources$770.0K$2.1M76
2024Roger PenskeChief Executive Officer89$1.8M$8.8M76
2024Robert Kurnick, Jr.President64$1.0M$2.7M76
2024Shane SpradlinEVP, General Counsel & Secretary$720.0K$2.2M76
2024Shelley HulgraveEVP & Chief Financial Officer$720.0K$2.1M76
2024Bud DenkerEVP – Human Resources$720.0K$2.1M76
2023Roger PenskeChief Executive Officer89$1.6M$7.4M76
2023Robert Kurnick, Jr.President64$900.0K$2.1M76
2023Shane SpradlinEVP, General Counsel & Secretary$650.0K$1.7M76
2023Bud DenkerEVP – Human Resources$650.0K$1.7M76
2023Shelley HulgraveEVP & Chief Financial Officer$600.0K$1.5M76

Held by these funds

The largest holders among investment managers' 13F reports for the quarter ending Jun 30, 2026, the top 25 of 100. Change is in shares since the quarter before.

FundSharesValueShare of the fundChange
BlackRock, Inc.2,333,144$417.5M0.0%−68,122
Dimensional Fund Advisors LP1,648,081$294.9M0.1%+200,171
Victory Capital Management Inc1,642,363$293.9M0.2%−11,671
Bank Of Montreal /can/825,389$147.7M0.1%+1,060
Vanguard Portfolio Management LLC796,548$142.5M0.0%−19,585
Vanguard Capital Management LLC764,299$136.8M0.0%+6,351
Charles Schwab Investment Management Inc631,653$113.0M0.0%+59,350
State Street Corp625,209$111.9M0.0%−10,456
Morgan Stanley584,751$104.6M0.0%+7,079
Aqr Capital Management LLC456,043$81.6M0.0%−3,594
Bank Of America Corp /de/441,829$79.1M0.0%−21,955
Gamco Investors, Inc. Et Al394,387$70.6M0.6%−608
Goldman Sachs Group Inc385,752$69.0M0.0%+40,982
Bank of New York Mellon Corp378,997$67.8M0.0%−9,980
Geode Capital Management, LLC355,157$63.6M0.0%+1,177
Bahl & Gaynor LLC264,799$47.4M0.2%+129,390
UBS Group AG245,492$43.9M0.0%+69,666
Invesco Ltd.241,287$43.2M0.0%+38,309
Norges Bank200,575$35.9M0.0%New
Bruni J V & Co /co171,994$30.8M2.8%−3,222
Private Management Group Inc170,497$30.5M0.8%−1,256
Millennium Management LLC168,776$30.2M0.0%+121,008
Fmr LLC152,615$27.3M0.0%+6,010
Northern Trust Corp148,914$26.6M0.0%−125
First Trust Advisors LP139,992$25.1M0.0%+58,154

13F reports cover disclosed long positions in U.S. stocks only.

SEC filer profile

How Penske Automotive Group is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.

  • Name on EDGARPENSKE AUTOMOTIVE GROUP, INC.2
  • CIK0001019849
  • Employer ID (EIN)22-308673918
  • Filer statusLarge accelerated filer not an emerging growth company; not a smaller reporting company; not a shell company18
  • Incorporated inDelaware18
  • Fiscal year endsDecember 312
  • Industry code (SIC)5500 Retail-Auto Dealers & Gasoline Stations2
  • SEC reviewing officeOffice of Trade & Services, Division of Corporation Finance2
  • Business address2555 Telegraph Rd, Bloomfield Hills, MI 48302-09542
  • Phone248-648-25002
  • Shares outstanding65,662,873 as of Jul 16, 202616
  • Public float$3.1B as of Jun 30, 202518
  • AuditorDeloitte & Touche LLP, Detroit, Michigan PCAOB ID 34; it also attests to the company’s internal control over financial reporting18
  • On EDGAR sinceAug 2, 19962
  • Filings1,831 in all: 4 (919), 8-K (388), 10-Q (90), SC 13D/A (56), DEF 14A (31), 10-K (29), 144 (27), 3 (27)2
    All 49 form types

    SC 13G/A (27), 11-K (23), SC 13G (18), DEFA14A (17), UPLOAD (17), CORRESP (15), 424B5 (11), 4/A (10), 5 (9), S-4/A (9), S-8 (9), 424B7 (8), SC 13D (8), FWP (6), PRE 14A (6), S-3/A (6), S-3ASR (6), S-1/A (5), S-4 (5), SCHEDULE 13D/A (5), 424B3 (4), 8-K/A (4), POSASR (4), 10-K/A (3), 10-Q/A (3), 424B4 (3), EFFECT (3), S-3 (3), ARS (2), S-1 (2), SC TO-I (2), SC TO-I/A (2), 10-K405 (1), 10-K405/A (1), 8-A12B (1), DEFS14A (1), DFAN14A (1), NT 10-K (1), NT 10-Q (1), POS AM (1), PRES14A (1)

  • Latest filingsAnnual report (10-K) Feb 27, 2026
    Quarterly report (10-Q) Jul 30, 2026
    Proxy statement (DEF 14A) Mar 20, 2026
    Latest 8-K (8-K) Oct 15, 2026

Securities registered for trading

ClassSymbolExchange
Voting Common Stock, par value $0.0001 per sharePAGNew York Stock Exchange

From the cover page of the 10-K filed Feb 27, 2026 (Section 12(b) of the Exchange Act).18

Risk factors and legal proceedings

The risks Penske Automotive Group names in Item 1A of its 10-K filed Feb 27, 2026: 27 risks under these headings, as written.18

  • Operational Risks
  • Macro-economic and geo-political conditions.
  • Adverse conditions affecting one or more significant automotive manufacturers or suppliers will affect us.
  • Increasing sales by underrepresented manufacturers may significantly and adversely affect us.
  • Vehicle manufacturers exercise significant control over us and our success is largely dependent on the success of our manufacturer partners.
  • The success of our commercial vehicle distribution and other business is directly impacted by availability and demand for the vehicles and other products we distribute.
  • Australian and New Zealand economic conditions.
  • Additional risks relating to PTS.
  • Regulatory Requirements and Vehicle Mandates.
  • Centralized Information Systems.
  • Strategic Risks
  • Our business is very competitive.
The other 17 risks
  • Changes to the retail delivery model, including increased digital retailer competition, efforts to sell vehicles directly outside the franchise system, and transition to an agency model of distribution could adversely affect our business, results of operations, financial condition, and cash flows.
  • Competition from online retailers.
  • Sales outside the franchise system.
  • New mobility models and vehicle electrification will continue to result in rapid changes to the automotive and trucking industries.
  • The effects of the eventual adoption of driverless vehicles are uncertain.
  • Financial Risks
  • Cash requirements for debt and lease obligations.
  • Impairment of our goodwill or other indefinite-lived intangible assets has in the past had, and in the future could have, a material adverse impact on our earnings.
  • International and foreign currency exchange risk.
  • Legal and Compliance Risks
  • Vehicle Emissions and Other Environmental Regulations.
  • Climate change and environmental regulations.
  • Accounting and disclosure rules and regulations.
  • Our principal stockholders have substantial influence.
  • Some of our directors and officers may have conflicts of interest with respect to certain related party transactions and other business interests.
  • Penske Corporation ownership levels.
  • We have a significant number of shares of common stock eligible for future sale.
  • General Risks
  • We rely on third parties for the majority of our information systems and the availability and efficient operation of such systems is critical to the operation of our business.
  • Property loss, business interruption, or other liabilities.

Legal proceedings

From time to time, we are a party to litigation and other legal proceedings, including class action claims and purported class action claims, in the ordinary course of business. Such claims may be brought by governmental authorities, customers, vendors, stockholders, or employees. We are not a party to any legal proceedings, including class action

lawsuits, that individually or in the aggregate are reasonably expected to have a material effect on us. However, the results of these matters cannot be predicted with certainty, and an unfavorable resolution of one or more of these matters could have a material adverse effect.

The opening of Item 3, Legal Proceedings.18

Sources

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