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Penske Automotive Group

OverviewSuggest Edit

Penske Automotive Group is an international transportation services company operating automotive dealerships. It distributes commercial vehicles, diesel engines, gas engines, power systems, and related parts and services. The company operates through four reportable segments: Retail Automotive, consisting of retail automotive dealership operations; Retail Commercial Truck, consisting of retail commercial truck dealership operations in the U.S. and Canada; Other, consisting of commercial vehicle and power systems distribution operations and other non-automotive consolidated operations; and Non-Automotive Investments, consisting of equity method investments in non-automotive operations.

Type	Public
Founded	1990
HQ	Bloomfield Hills, US	Map
Website	penskeautomotive.com
Employee Ratings	3.7	More

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Locations

Penske Automotive Group is headquartered in
Bloomfield Hills, United States

Location Map

All Locations (1)

Latest Updates

Employees (est.) (Dec 2019)	27,000
Job Openings	291
Revenue (FY, 2019)	$23.2 B	(+2%)
Share Price (Oct 2020)	$55.1
Cybersecurity rating	D	More

Key People/Management at Penske Automotive Group

Roger S. Penske

Roger S. Penske

Chair of the Board and CEO

Robert H. Kurnick

Robert H. Kurnick

President

Claude H. Denker

Claude H. Denker

Executive Vice President, Human Resources

George W. Brochick

George W. Brochick

Executive Vice President, Strategic Development

J.D. Carlson

J.D. Carlson

Executive Vice President and Chief Financial Officer

Gerard Nieuwenhuys

Gerard Nieuwenhuys

Chairman of the Sytner Group

Penske Automotive Group Office Locations

Penske Automotive Group has an office in Bloomfield Hills

Bloomfield Hills, US (HQ)

2555 S Telegraph Rd

Penske Automotive Group Financials and Metrics

Penske Automotive Group Revenue

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Penske Automotive Group's revenue was reported to be $23.20 b in FY, 2019

Summary

Penske Automotive Group's current market capitalization is $4.4 b.

Source: SEC Filings

Income Statement

Annual

USD	FY, 2010	FY, 2011	FY, 2012	FY, 2013	FY, 2014	FY, 2015	FY, 2016	FY, 2017	FY, 2018	FY, 2019
Revenue	10.7b	11.6b	13.2b	14.7b	17.2b	19.3b	20.1b	21.4b	22.8b	23.2b
Revenue growth, %					17%	12%	4%
Cost of goods sold	9.0b	9.7b	11.2b	12.4b	14.6b	16.4b	17.2b	18.2b	19.4b	19.7b
Gross profit	1.7b	1.8b	2.0b	2.3b	2.6b	2.9b	3.0b	3.2b	3.4b	3.5b

Quarterly

USD	Q2, 2010	Q3, 2010	Q1, 2011	Q2, 2011	Q3, 2011	Q1, 2012	Q2, 2012	Q3, 2012	Q1, 2013	Q2, 2013	Q3, 2013	Q1, 2014	Q2, 2014	Q3, 2014	Q1, 2015	Q2, 2015	Q3, 2015	Q1, 2016	Q2, 2016	Q3, 2016	Q1, 2017	Q2, 2017	Q3, 2017	Q1, 2018	Q2, 2018	Q3, 2018	Q1, 2019	Q2, 2019	Q3, 2019	Q1, 2020	Q2, 2020
Revenue	2.7b	2.8b	2.9b	2.9b	3.0b	3.2b	3.4b	3.4b	3.4b	3.7b	3.8b	4.0b	4.4b	4.4b	4.5b	4.9b	5.0b	4.8b	5.3b	5.2b	5.1b	5.4b	5.5b	5.7b	5.9b	5.7b	5.6b	5.8b	6.0b	5.0b	3.7b
Cost of goods sold	2.3b	2.3b	2.4b	2.4b	2.5b	2.7b	2.9b	2.9b	2.9b	3.1b	3.2b	3.4b	3.7b	3.8b	3.8b	4.2b	4.2b	4.1b	4.5b	4.4b	4.3b	4.6b	4.7b	4.9b	5.1b	4.8b	4.7b		5.1b	4.2b	3.1b
Gross profit	430.3m	429.9m	454.3m	463.6m	467.1m	506.6m	513.4m	511.0m	533.0m	569.0m	579.9m	624.0m	666.9m	658.7m	688.7m	729.6m	729.2m	723.8m	771.3m	744.2m	774.3m	817.3m	822.6m	864.4m	889.8m	852.6m	851.5m		869.7m	776.7m	552.9m
Gross profit Margin, %	16%	16%	16%	16%	16%	16%	15%	15%	16%	15%	15%	15%	15%	15%	15%	15%	15%	15%	15%	14%	15%	15%	15%	15%	15%	15%	15%		15%	16%	15%

Source: SEC Filings

Balance Sheet

Annual

USD	FY, 2010	FY, 2011	FY, 2012	FY, 2013	FY, 2014	FY, 2015	FY, 2016	FY, 2017	FY, 2018	FY, 2019
Cash	16.6m	29.1m	43.8m	49.8m	36.3m	62.4m	24.0m	45.7m	39.4m	28.1m
Accounts Receivable	397.3m	444.7m	552.9m			782.3m		954.9m	929.1m	960.3m
Prepaid Expenses	70.3m	80.3m	90.9m			86.8m		81.8m	86.6m
Inventories	1.5b	1.6b	2.0b	2.5b	2.8b	3.5b	3.4b	3.9b	4.0b	4.3b

Quarterly

USD	Q2, 2010	Q3, 2010	Q1, 2011	Q2, 2011	Q3, 2011	Q1, 2012	Q2, 2012	Q3, 2012	Q1, 2013	Q2, 2013	Q3, 2013	Q1, 2014	Q2, 2014	Q3, 2014	Q1, 2015	Q2, 2015	Q3, 2015	Q1, 2016	Q2, 2016	Q3, 2016	Q1, 2017	Q2, 2017	Q3, 2017	Q1, 2018	Q2, 2018	Q3, 2018	Q1, 2019	Q2, 2019	Q3, 2019	Q1, 2020	Q2, 2020
Cash	17.7m	6.0m	35.2m	3.3m	7.7m	31.8m	37.2m	25.9m	31.6m	26.3m	71.1m	54.9m	61.4m	150.5m	66.8m	36.7m	49.7m	45.6m	97.5m	89.4m	72.2m	20.7m	37.2m	52.8m	45.8m	37.6m	43.5m	43.8m	77.5m	431.9m	159.3m
Accounts Receivable	351.0m	367.9m	424.3m	365.8m	385.1m	492.7m	464.4m	505.8m	527.7m	530.6m	588.3m	677.7m	641.2m	643.8m	746.4m	738.8m	775.5m	835.6m	827.8m	853.9m	852.2m	827.7m	938.8m		919.6m	953.4m	1.0b	944.4m	967.3m	616.3m	756.6m
Prepaid Expenses	106.5m	109.1m	84.4m	91.8m	88.7m	91.9m	92.0m	91.2m	89.5m	90.4m	83.5m	101.8m	111.4m	100.4m	106.7m	107.0m	109.0m	101.5m	101.7m	105.3m	99.3m	104.2m	96.5m	105.0m	97.5m	91.8m	101.5m	109.1m	98.8m
Inventories	1.4b	1.4b	1.5b	1.5b	1.5b	1.8b	1.8b	1.9b	2.0b	2.1b	2.3b	2.5b	2.6b	2.5b	2.9b	3.1b	3.2b	3.5b	3.4b	3.3b	3.6b	3.7b	3.8b	4.0b	3.9b	3.8b	4.1b		4.0b	4.3b	3.4b

Source: SEC Filings

Cash Flow

Annual

USD	FY, 2010	FY, 2011	FY, 2012	FY, 2013	FY, 2014	FY, 2015	FY, 2016	FY, 2017	FY, 2018	FY, 2019
Net Income	108.3m	176.9m	185.5m	245.7m	290.1m	326.1m	346.4m	612.8m	470.3m	435.1m
Depreciation and Amortization	48.9m	48.9m	54.0m			78.0m	89.7m	95.1m	103.7m	109.6m
Inventories	(188.2m)	(100.7m)	(326.2m)	(396.3m)	(115.5m)	(428.4m)	130.4m	(419.9m)	(12.6m)	(117.8m)
Accounts Payable	56.6m	(31.6m)	13.8m	79.3m	14.6m	66.0m	(17.8m)	272.0m	(17.1m)	71.4m

Quarterly

USD	Q2, 2010	Q3, 2010	Q1, 2011	Q2, 2011	Q3, 2011	Q1, 2012	Q2, 2012	Q3, 2012	Q1, 2013	Q2, 2013	Q3, 2013	Q1, 2014	Q2, 2014	Q3, 2014	Q1, 2015	Q2, 2015	Q3, 2015	Q1, 2016	Q2, 2016	Q3, 2016	Q1, 2017	Q2, 2017	Q3, 2017	Q1, 2018	Q2, 2018	Q3, 2018	Q1, 2019	Q2, 2019	Q3, 2019	Q1, 2020	Q2, 2020
Net Income	49.8m	79.8m	33.9m	73.5m	129.2m	46.8m	95.9m	136.9m	57.7m	119.7m	185.0m	67.5m	140.4m	214.9m	75.2m	169.2m	255.8m	79.3m	172.8m	260.3m	82.6m	189.9m	284.2m	107.8m	243.0m	373.1m	100.2m	217.7m	334.2m	51.7m	96.8m
Depreciation and Amortization	24.4m	36.8m	12.3m	24.0m	36.6m	13.3m	27.0m	41.0m	14.4m	29.5m	45.3m	16.5m	34.0m	51.8m	18.6m	37.8m	57.7m	20.8m	45.3m	66.8m	22.4m	45.7m	70.0m	25.6m	51.3m	77.2m	26.4m	53.5m		28.5m	56.4m
Inventories	(33.9m)	(107.1m)	(39.3m)	5.1m	28.8m	(109.0m)	(178.3m)	(193.7m)	(53.1m)	(144.9m)	(156.2m)	(400.0k)	(61.9m)	69.2m	(19.7m)	(189.5m)	(180.4m)	(49.7m)	156.5m	246.6m	(52.5m)	(177.8m)	(226.7m)	9.2m	93.3m	205.2m	(90.5m)	35.5m	119.9m	(9.3m)	827.3m
Accounts Payable	12.0m	27.3m	(1.7m)	(10.7m)	15.6m	83.2m	96.3m	46.0m	33.5m	62.1m	72.3m	87.4m	109.0m	62.8m	67.9m	102.2m	60.3m	56.3m	80.6m	15.5m	86.0m	86.1m	98.4m	108.8m	28.7m	26.2m	134.5m	55.3m	128.6m	(84.9m)	35.5m

Source: SEC Filings

Ratios

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Penske Automotive Group Operating Metrics

Penske Automotive Group's Vehicles Shipped was reported to be 157.6 k in Q2, 2017.

	FY, 2014	Q1, 2015	Q2, 2015	Q3, 2015	FY, 2015	Q1, 2016	Q2, 2016	Q3, 2016	FY, 2016	Q1, 2017	Q2, 2017
Brands	40				40		40	40	40	40	40
Dealers' Locations	70				70		70	70	70	70	70
Franchises	327	328	326	352	355	349	352	349	355	357	354
Vehicles Shipped	479 k	122 k	127.50 k	195 k	523 k	134 k	136.50 k	209.50 k	556 k	154 k	157.60 k

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Penske Automotive Group Cybersecurity Score

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Penske Automotive Group Revenue Breakdown

Business Segment

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Penske Automotive Group revenue breakdown by business segment: 92.8% from Retail Automotive and 7.2% from Other

Competitors

Automotive & Transportation - Public

Midwest Peterbilt Group

Automotive & Transportation - Private

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Penske Automotive Group Online and Social Media Presence

6 Months

Penske Automotive Group has 13 Twitter Followers. The number of followers has increased 8.3% quarter over quarter

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Penske Automotive Group Frequently Asked Questions

When was Penske Automotive Group founded?
Penske Automotive Group was founded in 1990.
Who are Penske Automotive Group key executives?
Penske Automotive Group's key executives are Roger S. Penske, Robert H. Kurnick and Claude H. Denker.
How many employees does Penske Automotive Group have?
Penske Automotive Group has 27,000 employees.
What is Penske Automotive Group revenue?
Latest Penske Automotive Group annual revenue is $23.2 b.
What is Penske Automotive Group revenue per employee?
Latest Penske Automotive Group revenue per employee is $859.3 k.
Who are Penske Automotive Group competitors?
Competitors of Penske Automotive Group include Volvo Group, Midwest Peterbilt Group and Edmonton Kenworth.
Where is Penske Automotive Group headquarters?
Penske Automotive Group headquarters is located at 2555 S Telegraph Rd, Bloomfield Hills.
Where are Penske Automotive Group offices?
Penske Automotive Group has an office in Bloomfield Hills.
How many offices does Penske Automotive Group have?
Penske Automotive Group has 1 office.

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