Penske Automotive Group Files 2024 10-K
Ticker: PAG · Form: 10-K · Filed: 2025-02-21T00:00:00.000Z
Sentiment: neutral
Topics: 10-K, automotive, financials
TL;DR
Penske Automotive Group filed its 2024 10-K. Full year financials and operations details are out.
AI Summary
Penske Automotive Group, Inc. filed its 2024 10-K report, detailing its operations as a leading automotive retailer. The company's fiscal year ended December 31, 2024, and it operates across various segments including new and used vehicle sales, and finance and insurance services. The filing provides financial data and operational insights for the period.
Why It Matters
This filing provides investors and analysts with a comprehensive overview of Penske Automotive Group's financial performance and operational status for the fiscal year 2024, crucial for understanding the company's health and future prospects.
Risk Assessment
Risk Level: low — This is a standard annual financial filing (10-K) for a publicly traded company, providing routine disclosures.
Key Numbers
- 2024 — Fiscal Year (Reporting period for the 10-K)
- 1231 — Fiscal Year End (Indicates the end date of the fiscal year reported)
Key Players & Entities
- PENSKE AUTOMOTIVE GROUP, INC. (company) — Filer
- 2024-12-31 (date) — Fiscal Year End
- 2555 TELEGRAPH RD (address) — Business Address
- BLOOMFIELD HILLS (location) — Business City
- MI (state) — Business State
- 48302-0954 (zip_code) — Business Zip
- UNITED AUTO GROUP INC (company) — Former Company Name
- 19960726 (date) — Date of Name Change
FAQ
What is the primary business of Penske Automotive Group, Inc. as described in the 10-K?
Penske Automotive Group, Inc. is primarily engaged in the business of automotive retailing, operating dealerships and related businesses.
What is the filing date of this 10-K report?
This 10-K report was filed on February 21, 2025.
What is the fiscal year end date for the period covered by this report?
The fiscal year end date for the period covered by this report is December 31, 2024.
What was the former name of Penske Automotive Group, Inc.?
The former name of Penske Automotive Group, Inc. was UNITED AUTO GROUP INC.
What are the main segments of Penske Automotive Group's operations mentioned in the filing data?
The filing data mentions segments such as NewVehicle, UsedVehicle, and DealershipFinanceAndInsuranceSales within the RetailAutomotiveDealershipSegment.
From the Filing
0001019849-25-000022.txt : 20250221 0001019849-25-000022.hdr.sgml : 20250221 20250221170509 ACCESSION NUMBER: 0001019849-25-000022 CONFORMED SUBMISSION TYPE: 10-K PUBLIC DOCUMENT COUNT: 134 CONFORMED PERIOD OF REPORT: 20241231 FILED AS OF DATE: 20250221 DATE AS OF CHANGE: 20250221 FILER: COMPANY DATA: COMPANY CONFORMED NAME: PENSKE AUTOMOTIVE GROUP, INC. CENTRAL INDEX KEY: 0001019849 STANDARD INDUSTRIAL CLASSIFICATION: RETAIL-AUTO DEALERS & GASOLINE STATIONS [5500] ORGANIZATION NAME: 07 Trade & Services IRS NUMBER: 223086739 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 10-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-12297 FILM NUMBER: 25652961 BUSINESS ADDRESS: STREET 1: 2555 TELEGRAPH RD CITY: BLOOMFIELD HILLS STATE: MI ZIP: 48302-0954 BUSINESS PHONE: 248-648-2500 MAIL ADDRESS: STREET 1: 2555 TELEGRAPH RD CITY: BLOOMFIELD HILLS STATE: MI ZIP: 48302-0954 FORMER COMPANY: FORMER CONFORMED NAME: UNITED AUTO GROUP INC DATE OF NAME CHANGE: 19960726 10-K 1 pag-20241231.htm 10-K pag-20241231 0001019849 2024 FY false http://fasb.org/us-gaap/2024#AccountingStandardsUpdate201602Member http://fasb.org/us-gaap/2024#AccruedLiabilitiesCurrent http://fasb.org/us-gaap/2024#Liabilities iso4217:USD xbrli:shares iso4217:USD xbrli:shares xbrli:pure pag:franchise pag:dealership pag:state pag:location pag:segment pag:center pag:shop iso4217:GBP pag:member 0001019849 2024-01-01 2024-12-31 0001019849 2024-06-28 0001019849 2025-02-11 0001019849 pag:NewVehicleMember pag:RetailAutomotiveDealershipSegmentMember 2024-01-01 2024-12-31 0001019849 pag:NewVehicleMember pag:RetailAutomotiveDealershipSegmentMember 2023-01-01 2023-12-31 0001019849 pag:UsedVehicleMember pag:RetailAutomotiveDealershipSegmentMember 2024-01-01 2024-12-31 0001019849 pag:UsedVehicleMember pag:RetailAutomotiveDealershipSegmentMember 2023-01-01 2023-12-31 0001019849 pag:DealershipFinanceAndInsuranceSalesMember pag:RetailAutomotiveDealershipSegmentMember 2024-01-01 2024-12-31 0001019849 pag:DealershipFinanceAndInsuranceSalesMember pag:RetailAutomotiveDealershipSegmentMember 2023-01-01 2023-12-31 0001019849 pag:DealershipPartsAndServiceSalesMember pag:RetailAutomotiveDealershipSegmentMember 2024-01-01 2024-12-31 0001019849 pag:DealershipPartsAndServiceSalesMember pag:RetailAutomotiveDealershipSegmentMember 2023-01-01 2023-12-31 0001019849 pag:NewVehicleMember pag:RetailCommercialTruckDealershipSegmentMember 2024-01-01 2024-12-31 0001019849 pag:NewVehicleMember pag:RetailCommercialTruckDealershipSegmentMember 2023-01-01 2023-12-31 0001019849 pag:UsedVehicleMember pag:RetailCommercialTruckDealershipSegmentMember 2024-01-01 2024-12-31 0001019849 pag:UsedVehicleMember pag:RetailCommercialTruckDealershipSegmentMember 2023-01-01 2023-12-31 0001019849 pag:DealershipPartsAndServiceSalesMember pag:RetailCommercialTruckDealershipSegmentMember 2024-01-01 2024-12-31 0001019849 pag:DealershipPartsAndServiceSalesMember pag:RetailCommercialTruckDealershipSegmentMember 2023-01-01 2023-12-31 0001019849 2024-10-01 2024-12-31 0001019849 2024-12-31 0001019849 2023-12-31 0001019849 us-gaap:NonvotingCommonStockMember 2023-12-31 0001019849 us-gaap:NonvotingCommonStockMember 2024-12-31 0001019849 us-gaap:CommonClassCMember 2024-12-31 0001019849 us-gaap:CommonClassCMember 2023-12-31 0001019849 pag:RetailAutomotiveDealershipSegmentMember 2024-01-01 2024-12-31 0001019849 pag:RetailAutomotiveDealershipSegmentMember 2023-01-01 2023-12-31 0001019849 pag:RetailAutomotiveDealershipSegmentMember 2022-01-01 2022-12-31 0001019849 pag:RetailCommercialTruckDealershipSegmentMember 2024-01-01 2024-12-31 0001019849 pag:RetailCommercialTruckDealershipSegmentMember 2023-01-01 2023-12-31 0001019849 pag:RetailCommercialTruckDealershipSegmentMember 2022-01-01 2022-12-31 0001019849 pag:CommercialVehicleDistributionAndOtherMember 2024-01-01 2024-12-31 0001019849 pag:CommercialVehicleDistributionAndOtherMember 2023-01-01 2023-12-31 0001019849 pag:CommercialVehicleDistributionAndOtherMember 2022-01-01 2022-12-3