Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION or o TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number 1-12297 Penske Automotive Group, Inc. (Exact name of registrant as specified in its charter) Washington, D.C. 20549 Form 10-Q x QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2023 (State or other jurisdiction ...

October 2023 Statements in this press release may involve forward-looking statements, including forward-looking statements regarding Penske Automotive Group, Inc.'s financial performance and future plans. Actual results may vary materially because of risks and uncertainties that are difficult to predict. These risks and uncertainties include, among others, those related to macro-economic, geo-political and industry conditions and events, including their impact on new and used vehicle sales, the availability ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 10-Q x QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2023 or o TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number 1-12297 Penske Automotive Group, Inc. (Exact name of registrant as specified in its charter) (State or other jurisdiction of i ...

Penske Automotive Group, Inc. (NYSE:PAG) Q2 2023 Earnings Conference Call July 26, 2023 2:00 PM ET Company Participants Anthony Pordon - EVP of IR and Corporate Development Roger Penske - Chairman and CEO Shelley Hulgrave - EVP and CFO Richard Shearing - North American Operations Randall Seymore - International Operations Conference Call Participants John Murphy - Bank of America Rajat Gupta - JPMorgan Daniel Imbro - Stephens David Whiston - Morningstar Operator Ladies and gentlemen, good afternoon. Thank y ...

SECOND QUARTER 2023 FINANCIAL RESULTS Audi North Scottsdale FREIGHTLINER TRUCK SALES PARTS & SERVICE Statements in this presentation may involve forward-looking statements, including forward-looking statements regarding Penske Automotive Group, Inc.'s financial performance and future plans. Actual results may vary materially because of risks and uncertainties that are difficult to predict. These risks and uncertainties include, among others, those related to macro-economic, geo-political and industry condit ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 10-Q x QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2023 or o TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number 1-12297 Penske Automotive Group, Inc. (Exact name of registrant as specified in its charter) Delaware 22-3086739 (State or ot ...

DISCLAIMER A Diversified Transportation Services Company Headquartered in Bloomfield Hills, MI USA Diversified business mix provides multiple opportunities for growth Cars, Best Value COMPANY OVERVIEW commercial vehicle, power system & parts distribution locations Retail automotive segment focused on Premium/Luxury brands which generate more than 70% of automotive revenue Capital allocation focused on acquisitions, cash dividends, and securities repurchases Record first quarter revenue; increased 5% 7 7 Sam ...

Penske Automotive Group, Inc. (NYSE:PAG) Q1 2023 Earnings Conference Call April 26, 2023 2:00 PM ET Company Participants Anthony Pordon - Investor Relations Roger Penske - Chairman and Chief Executive Officer Shelley Hulgrave - Executive Vice President and Chief Financial Officer Tony Facione - Vice President and Corporate Controller Conference Call Participants John Murphy - Bank of America Daniel Imbro - Stephens Mike Ward - Benchmark Rajat Gupta - JPMorgan David Whiston - Morningstar Operator Good aftern ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 10-K ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2022 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number 1-12297 Penske Automotive Group, Inc. (Exact name of registrant as specified in its charter) Delaware (State or other jurisdiction of ...

Financial Data and Key Metrics Changes - The company reported a record revenue increase of 11% to $7 billion in Q4 2022, with earnings per share rising 6% to $4.21 [19] - For the full year 2022, revenue increased by 9% to nearly $28 billion, and earnings before taxes rose 16% to $1.9 billion [18] - The company repurchased approximately 2.5 million shares for $284 million during Q4 2022, totaling $887 million for the year, representing 11% of shares outstanding at the beginning of 2022 [25][19] Business Line Data and Key Metrics Changes - Retail automotive revenue increased by 4%, and when excluding foreign exchange effects, it rose by 10% [6] - CarShop unit sales increased by 12% to 71,242 units, with revenue rising 16% to $1.7 billion, although variable gross profit per unit declined by 19% [7] - Service and parts revenue increased by 6%, and when excluding foreign exchange, it increased by 11% [21] Market Data and Key Metrics Changes - The company’s forward order bank in the U.K. is 23% higher than the previous year, representing 31,800 units or GBP 100 million of forward gross profit [20] - Used vehicle inventory had a 53-day supply, while new vehicle inventory had a 25-day supply [26] Company Strategy and Development Direction - The company aims to leverage artificial intelligence to improve operational efficiencies and reduce costs [28] - The focus remains on disciplined capital allocation, with a target of 5% growth through acquisitions and organic growth [45] - The company is committed to increasing its Penske Transportation Solutions fleet from over 414,000 units to 500,000 by 2025 [23] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the strong demand for premium vehicles despite supply constraints expected to continue into 2023 [5] - The company anticipates that the current business environment for leasing, maintenance, and logistics will remain strong in 2023 [9] - Management noted that affordability issues have not significantly impacted premium customers, who continue to show strong demand [34] Other Important Information - The company’s long-term debt was reported at $1.6 billion, with 35% fixed debt and an average interest rate of 3.8% [12] - The company has $107 million in cash and over $1.1 billion in liquidity, indicating a strong balance sheet [27] Q&A Session Summary Question: What is the outlook for consumer demand in 2023? - Management noted that demand for new vehicles remains strong, particularly in the premium luxury segment, and inventory turnover is quick [33] Question: How is the company managing SG&A expenses? - SG&A expenses increased due to higher compensation in the U.K., but management is focused on operational efficiencies and AI to reduce costs [38][64] Question: How did the company achieve sales growth despite supply constraints? - The company benefited from a strong mix of premium luxury vehicles and a favorable market environment in the U.K. [42] Question: What are the priorities for excess cash in 2023? - The company plans to maintain a balanced approach between shareholder returns and growth investments, with a focus on selective acquisitions [45][46] Question: How does the company view the truck business compared to light vehicles? - Management indicated that truck acquisitions have lower CapEx requirements and are currently more attractive due to lower multiples compared to light vehicles [92]