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Penske Automotive Group PAG Retail Automotive — Goodwill Acquired

Discontinued — last reported Q4 '23

Other segment segments

Retail automotive dealership
$11.8M-92.7%
Retail commercial truck dealership
$0-100%

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Other financials

Income statement

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Revenue$7.9B-1.1%
Gross profit$1.3B-1.7%
Operating income$289.0M-12.3%
Net income$234.5M-9.0%
EPS (diluted)$3.56-7.8%

Balance sheet

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Cash & equivalents$83.7M-32.1%
Total debt$5.2B+22.5%
Total equity$5.7B+5.0%
Total assets$18.3B+8.2%

Cash flow

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Operating cash flow$215.0M-26.1%
CapEx$62.6M-26.1%
Free cash flow$152.4M-26.1%

Valuation

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Market cap$11.52B+2.3%
Enterprise value$16.62B+8.8%
P/E12.6×+1.4×
P/S0.4×0.0×

Profitability

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Gross margin18.3%+0.1pp
Operating margin4%-0.3pp
Net margin2.9%-0.2pp
FCF margin1.9%-0.3pp

Returns & leverage

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Return on equity16.5%-3.1pp
Debt / equity0.9×+0.1×
Current ratio+0.1×

Where this comes from

Reported directly by Penske Automotive Group in its filing.

Tagged under the XBRL concept us-gaap:GoodwillAcquiredDuringPeriod.

The official record: Penske Automotive Group’s 10-K, filed February 16, 2024, on SEC EDGAR. View the filing →

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Questions, answered.

What is Penske Automotive Group's retail automotive — goodwill acquired?
Penske Automotive Group (PAG) reported retail automotive — goodwill acquired of $16.08M in Q4 2023.
How has Penske Automotive Group's retail automotive — goodwill acquired changed year-over-year?
Penske Automotive Group's retail automotive — goodwill acquired increased by 28.9% year-over-year, from $12.48M to $16.08M.
What does retail automotive — goodwill acquired mean?
The amount of goodwill added to the balance sheet from buying new dealerships during the current period.
How do you interpret retail automotive — goodwill acquired?
Higher values indicate aggressive acquisition-led growth, while zero values indicate a focus on organic growth or capital preservation.
How does retail automotive — goodwill acquired compare across companies?
Used by acquisitive dealership groups to track the cost of inorganic expansion.