On the Record · Penske Automotive Group
Penske Automotive Group acquisitions, on the record
The businesses Penske Automotive Group bought and sold, as its annual reports describe them, with the cash it reported paying for acquisitions each year and every deal filing since 2016.
Deals its annual reports describe
| Business | Deal | When | Value |
|---|---|---|---|
Rybrook Group LimitedWord for word“In January 2024, we acquired Rybrook Group Limited, consisting of 16 retail automotive franchises in the U.K., including four BMW franchises, four MINI franchises, four Volvo franchises, two Land Rover franchises, one Jaguar franchise, and one Porsche franchise.” 10-K for 2023 | agreed acquisition | In January 2024 | — |
two retail automotive franchises in the U.S.Word for word“During 2023, we acquired two retail automotive franchises in the U.S and two retail automotive franchises in Italy.” 10-K for 2023 | acquisition | During 2023 | — |
two retail automotive franchises in ItalyWord for word“During 2023, we acquired two retail automotive franchises in the U.S and two retail automotive franchises in Italy.” 10-K for 2023 | acquisition | During 2023 | — |
three full-service dealerships and two service and parts centers in CanadaWord for word“During 2023, we acquired three full-service dealerships and two service and parts centers in Canada.” 10-K for 2023 | acquisition | During 2023 | — |
one Ford dealership and one Chrysler, Dodge, Jeep, Ram dealership in the U.S.Word for word“In January 2024, we also closed one CarShop location in the U.S. and acquired one Ford dealership and one Chrysler, Dodge, Jeep, Ram dealership in the U.S.” 10-K for 2023 | acquisition | In January 2024 | — |
seven locations in the U.S., consisting of six retail automotive franchises and one CarShop locationWord for word“We also closed seven locations in the U.S., consisting of six retail automotive franchises and one CarShop location, and we closed five locations in the U.K., consisting of four retail automotive franchises and one CarShop location.” 10-K for 2023 | divestiture | — | — |
five locations in the U.K., consisting of four retail automotive franchises and one CarShop locationWord for word“We also closed seven locations in the U.S., consisting of six retail automotive franchises and one CarShop location, and we closed five locations in the U.K., consisting of four retail automotive franchises and one CarShop location.” 10-K for 2023 | divestiture | — | — |
retail automotive franchises (16 in U.K. and others, see quote)Word for word“During 2024, we acquired 16 retail automotive franchises and opened one retail automotive franchise in the U.K., acquired two franchises and one Chrysler/Jeep/Dodge/Ram dealership in the U.S., acquired two retail automotive franchises in Italy, acquired three retail automotive franchises and one used vehicle dealership in Australia, and opened one retail automotive franchise in Germany.” 10-K for 2024 | agreed acquisition | During 2024 | — |
one Jaguar franchise, one Chrysler/Jeep/Dodge/Ram dealership, one used vehicle dealership, and one Lexus franchise in the U.S.Word for word“During 2024, in the U.S., we closed one Jaguar franchise, one Chrysler/Jeep/Dodge/Ram dealership, one used vehicle dealership, and sold one Lexus franchise.” 10-K for 2024 | divestiture | During 2024 | — |
remaining 50% interest in joint venture in Frankfurt, GermanyWord for word“In December 2024, we sold the remaining 50% interest in our joint venture in Frankfurt, Germany.” 10-K for 2024 | divestiture | December 2024 | — |
dealerships (aggregate, 2024)Word for word“During 2024, in aggregate we acquired dealerships representing approximately $2.1 billion in expected annualized revenue and disposed of dealerships representing approximately $650 million of expected annualized revenue.” 10-K for 2024 | acquisition | During 2024 | approximately $2.1 billion in expected annualized revenue |
dealerships (aggregate, 2024)Word for word“During 2024, in aggregate we acquired dealerships representing approximately $2.1 billion in expected annualized revenue and disposed of dealerships representing approximately $650 million of expected annualized revenue.” 10-K for 2024 | divestiture | During 2024 | approximately $650 million of expected annualized revenue |
three full-service dealerships and two independent repair facilities in the U.S. (Premier Truck Group)Word for word“During 2024, we acquired three full-service dealerships and two independent repair facilities in the U.S.” 10-K for 2024 | acquisition | During 2024 | — |
Lexus of Orlando and Lexus of Winter ParkWord for word“In February 2026, we acquired Lexus of Orlando and Lexus of Winter Park, both located in the Orlando metropolitan area of Central Florida.” 10-K for 2025 | acquisition | February 2026 | — |
Ferrari brand dealership in Modena, ItalyWord for word“We also acquired a Ferrari brand dealership in Modena, Italy, and opened a BYD franchise in Germany.” 10-K for 2025 | acquisition | — | — |
retail automotive franchise in the U.S.Word for word“Our results for 2025 include a gain of $52.3 million from the sale of a retail automotive franchise in the U.S., resulting in an after-tax gain of $38.9 million, or $0.58 per share.” 10-K for 2025 | divestiture | 2025 | gain of $52.3 million |
| Fiscal year ended | Cash paid for acquisitions (net of cash acquired) | Cash received from selling businesses | Goodwill from acquisitions |
|---|---|---|---|
| 2016-12-31 | $140.8 million | $4.2 million | $24.9 million |
| 2017-12-31 | $449.7 million | $25.1 million | $324.8 million |
| 2018-12-31 | $309.1 million | $84.5 million | $144.1 million |
| 2019-12-31 | $326.9 million | $22.8 million | $146.6 million |
| 2020-12-31 | $0 | $40.6 million | $0 |
| 2021-12-31 | $431.8 million | $4.3 million | $209.6 million |
| 2022-12-31 | $393.4 million | $13.1 million | $93.8 million |
| 2023-12-31 | $214.9 million | $0 | $95.9 million |
| 2024-12-31 | $786.2 million | $82.1 million | $175.8 million |
| 2025-12-31 | $21.5 million | $119.9 million | $11.8 million |
Deal filings since 2016
- 2026-10-15 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2025-11-19 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2025-05-16 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2024-12-03 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2024-01-24 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2023-12-22 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2023-12-11 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2023-04-21 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2023-02-08 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2023-02-03 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2023-01-06 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2021-12-17 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2021-06-15 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2021-05-26 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2020-08-20 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2020-08-05 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2020-07-07 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2019-12-19 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2019-07-17 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2019-06-27 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2018-12-17 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2018-12-13 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2017-09-08 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2017-08-15 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2017-08-02 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2016-07-28 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2016-05-25 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2016-05-12 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
Read from Penske Automotive Group’s annual reports (10-K for 2025, 10-K for 2024, 10-K for 2023) and the financial data it files with the SEC, as of 2026-02-27. Every quotation is word for word from the filing linked beside it; how these pages are built and checked. The full record is in its company data sheet.