Company Quick10K Filing
Penske Automotive Group
10-Q 2020-03-31 Filed 2020-05-06
10-K 2019-12-31 Filed 2020-02-21
10-Q 2019-09-30 Filed 2019-10-30
10-Q 2019-06-30 Filed 2019-07-31
10-Q 2019-03-31 Filed 2019-04-26
10-K 2018-12-31 Filed 2019-02-22
10-Q 2018-09-30 Filed 2018-10-26
10-Q 2018-06-30 Filed 2018-07-27
10-Q 2018-03-31 Filed 2018-04-27
10-K 2017-12-31 Filed 2018-02-22
10-Q 2017-09-30 Filed 2017-10-26
10-Q 2017-06-30 Filed 2017-07-28
10-Q 2017-03-31 Filed 2017-04-27
10-K 2016-12-31 Filed 2017-02-24
10-Q 2016-09-30 Filed 2016-10-27
10-Q 2016-06-30 Filed 2016-07-29
10-Q 2016-03-31 Filed 2016-04-27
10-K 2015-12-31 Filed 2016-02-25
10-Q 2015-09-30 Filed 2015-10-30
10-Q 2015-06-30 Filed 2015-07-30
10-Q 2015-03-31 Filed 2015-05-01
10-K 2014-12-31 Filed 2015-02-26
10-Q 2014-09-30 Filed 2014-10-29
10-Q 2014-06-30 Filed 2014-07-31
10-Q 2014-03-31 Filed 2014-05-05
10-K 2013-12-31 Filed 2014-03-03
10-Q 2013-09-30 Filed 2013-10-30
10-Q 2013-06-30 Filed 2013-08-01
10-Q 2013-03-31 Filed 2013-04-30
10-K 2012-12-31 Filed 2013-02-28
10-Q 2012-09-30 Filed 2012-11-02
10-Q 2012-06-30 Filed 2012-08-03
10-Q 2012-03-31 Filed 2012-05-04
10-K 2011-12-31 Filed 2012-02-24
10-Q 2011-09-30 Filed 2011-11-07
10-Q 2011-06-30 Filed 2011-08-02
10-Q 2011-03-31 Filed 2011-05-03
10-K 2010-12-31 Filed 2011-02-28
10-Q 2010-09-30 Filed 2010-11-04
10-Q 2010-06-30 Filed 2010-07-30
10-Q 2010-03-31 Filed 2010-05-03
10-K 2009-12-31 Filed 2010-02-24
8-K 2020-05-13 Officers, Shareholder Vote, Other Events, Exhibits
8-K 2020-05-06 Earnings, Regulation FD, Other Events, Exhibits
8-K 2020-03-30 Other Events, Exhibits
8-K 2020-02-12 Other Events, Exhibits
8-K 2020-02-05 Earnings, Regulation FD, Other Events, Exhibits
8-K 2019-12-18 Enter Agreement, Exhibits
8-K 2019-10-29 Earnings, Regulation FD, Other Events, Exhibits
8-K 2019-10-16
8-K 2019-07-30 Earnings, Regulation FD, Other Events, Exhibits
8-K 2019-07-12 Enter Agreement, Other Events, Exhibits
8-K 2019-06-27 Enter Agreement, Exhibits
8-K 2019-05-09 Shareholder Vote, Other Events, Exhibits
8-K 2019-04-25 Earnings, Regulation FD, Other Events, Exhibits
8-K 2019-04-24 Regulation FD
8-K 2019-02-07 Earnings, Regulation FD, Other Events, Exhibits
8-K 2019-01-30 Other Events, Exhibits
8-K 2019-01-22 Regulation FD
8-K 2018-12-17 Enter Agreement
8-K 2018-12-13 Enter Agreement, Officers, Exhibits
8-K 2018-10-25 Earnings, Regulation FD, Other Events, Exhibits
8-K 2018-10-17 Other Events, Exhibits
8-K 2018-07-26 Earnings, Regulation FD, Other Events, Exhibits
8-K 2018-07-18 Other Events, Exhibits
8-K 2018-05-10 Shareholder Vote, Regulation FD, Other Events, Exhibits
8-K 2018-04-25 Earnings, Regulation FD, Other Events, Exhibits
8-K 2018-02-08 Earnings, Regulation FD, Other Events, Exhibits
8-K 2018-02-01 Regulation FD, Other Events, Exhibits

Penske Automotive Group Financials

PAG Metrics, Comps, Filings

Quarterly | Annual

Business

We are a diversified international transportation services company that operates automotive and commercial truck dealerships principally in the United States, Canada and Western Europe, and distributes commercial vehicles, diesel engines, gas engines, power systems and related parts and services principally in Australia and New Zealand. We employ nearly 27,000 people worldwide.

In 2018, our business generated $22.8 billion in total revenue, which is comprised of approximately $20.8 billion from retail automotive dealerships, $1.4 billion from retail commercial truck dealerships and $0.6 billion from commercial vehicle distribution and other operations. We generated $3.4 billion in gross profit, which is comprised of $3.1 billion from retail automotive dealerships, $211.5 million from retail commercial truck dealerships and $144.8 million from commercial vehicle distribution and other operations.

Retail Automotive Dealership. We believe we are the second largest automotive retailer headquartered in the U.S. as measured by the $20.8 billion in total retail automotive dealership revenue we generated in 2018. As of December 31, 2018, we operated 345 retail automotive franchises, of which 154 franchises are located in the U.S. and 191 franchises are located outside of the U.S. The franchises outside the U.S. are located primarily in the U.K. In 2018, we retailed and wholesaled more than 644,000 vehicles. We are diversified geographically, with 55% of our total retail automotive dealership revenues in 2018 generated in the U.S. and Puerto Rico and 45% generated outside the U.S. We offer over 40 vehicle brands, with 70% of our retail automotive dealership revenue in 2018 generated from premium brands, such as Audi, BMW, Land Rover, Mercedes-Benz and Porsche. Each of our dealerships offers a wide selection of new and used vehicles for sale. In addition to selling new and used vehicles, we generate higher-margin revenue at each of our dealerships through maintenance and repair services and the sale and placement of third-party finance and insurance products, third-party extended service and maintenance contracts, and replacement and aftermarket automotive products. We operate our franchised dealerships under franchise agreements with a number of automotive manufacturers and distributors that are subject to certain rights and restrictions typical of the industry.


Valuation ($BB)

Market Cap, Enterprise Value

Balance Sheet ($BB)

Assets, Equity

Income Statement ($BB Quarterly)

Revenue, G Profit, Net Income

Cash Flow ($BB Quarterly)

Ops, Inv, Fin

Comps ($MM TTM) Market Cap Gross Margin EV/EBITDA Ret on Assets Assets Liabilities Revenue G Profit Net Income EBITDA EV
Caseys General Stores (CASY) 6,226 22% 12.3 6% 3,866 2,304 9,341 2,045 235 611 7,509
AutoNation (AN) 4,616 17% 14.9 3% 10,452 7,455 15,787 2,627 292 438 6,551
Penske Automotive Group (PAG) 3,841 15% 11.1 3% 13,690 11,030 22,727 3,397 433 552 6,143
KAR Auction Services (KAR) 3,384 33% 6.5 4% 6,580 4,944 3,397 1,122 236 739 4,806
Goodyear Tire & Rubber (GT) 3,234 21% 8.2 1% 18,299 13,264 11,032 2,333 102 1,010 8,253
Lithia Motors (LAD) 3,066 15% 12.7 4% 5,738 4,378 9,404 1,455 204 342 4,327
Murphy (MUSA) 2,704 0% 9.2 7% 2,617 1,838 14,076 0 185 374 3,423
Monro (MNRO) 2,668 39% 27.8 5% 1,620 886 1,238 478 80 102 2,831
Asbury Automotive Group (ABG) 1,954 16% 9.5 6% 2,816 2,216 7,100 1,149 181 301 2,874
Group 1 Automotive (GPI) 1,593 15% 11.5 3% 5,329 4,143 11,841 1,783 157 248 2,857
Rush Enterprises (RUSHA) 1,437 17% 6.1 5% 3,405 2,268 6,033 1,050 165 296 1,814
Sonic Automotive (SAH) 1,321 15% 7.2 3% 4,118 3,215 10,280 1,498 120 309 2,237
Cooper Tire & Rubber (CTB) 1,247 15% 6.7 2% 2,697 1,488 2,773 426 46 209 1,401
Americas CarMart (CRMT) 638 45% 9.8 10% 575 297 700 316 55 83 813
Camping World Holdings (CWH) 315 21% 3.6 -1% 3,441 3,507 4,909 1,047 -28 51 185
CM Seven Star Acquisition (CMSS) 264 87.3 1% 210 205 0 0 3 3 264
TravelCenters of America (TA) 100 24% 6.3 -0% 3,218 2,689 4,595 1,097 -10 61 389
Lazydays (LAZY) 37 22.2 0% 375 239 0 0 1 1 27
LMP Automotive Holdings (LMPX)
Carvana (CVNA) 12% -10.0 -7% 1,684 1,373 3,421 420 -123 -67 668

Balance Sheet ($MM)2010-06-302010-09-302010-12-312011-03-312011-06-302011-09-302011-12-312012-03-312012-06-302012-09-302012-12-312013-03-312013-06-302013-09-302013-12-312014-03-312014-06-302014-09-302014-12-312015-03-312015-06-302015-09-302015-12-312016-03-312016-06-302016-09-302016-12-312017-03-312017-06-302017-09-302017-12-312018-03-312018-06-302018-09-302018-12-312019-03-312019-06-302019-09-30
Cash18617353829323726443226715055611503667375062469889247221374653463839444478
Accounts Receivable
Inventory1,3651,4381,5241,5361,4561,4821,6051,7701,8311,8651,9912,0242,1262,2932,5382,5472,6162,4792,8192,8863,0553,1883,4643,5133,3523,2803,4083,5663,7123,7703,9443,9723,8953,7834,0404,1043,9784,044
PP&E7087327407667768211,1759159259611,3731,0791,1481,2111,6711,3011,3681,3751,7631,3271,3781,4772,0201,5461,5771,5882,3331,8751,9902,0912,7132,1742,1452,1782,8682,2762,3092,309
Assets3,8393,9764,0704,2204,0874,2954,5024,8354,8935,0245,3795,4155,5386,0116,4166,6126,7426,6827,2287,2287,4347,6758,0238,1738,0758,5598,8619,3959,71210,28210,54110,84310,57010,52710,90413,57513,36113,690
Accounts Payable210211262235216227223298311275263288314380375412435383418454502482494542555506497556560609642720680634598668638672
Long-Term Debt8618537807967178528508628078319388929201,0611,0831,0751,0881,2331,3531,2091,1621,1851,2841,3851,6611,8781,8772,0372,0262,2382,1632,2212,1522,0862,2172,2132,2282,379
Liabilities2,8772,9533,0243,1212,9673,1833,3623,6533,6823,7564,0634,1094,1814,5534,8935,0295,0965,0275,5475,5565,6555,8546,1886,4496,3426,7717,0827,4987,6958,1708,1138,3498,0457,9158,27010,91410,70011,030
Stockholders' Equity9581,0191,0421,0951,1161,1081,1361,1781,2071,2571,3041,3011,3521,4441,5041,5651,6291,6381,6531,6431,7511,7761,7901,6821,6961,7521,7511,8681,9842,0792,3952,4652,4972,5832,6092,6412,6402,639
Income Statement ($MM)2010-06-302010-09-302010-12-312011-03-312011-06-302011-09-302011-12-312012-03-312012-06-302012-09-302012-12-312013-03-312013-06-302013-09-302013-12-312014-03-312014-06-302014-09-302014-12-312015-03-312015-06-302015-09-302015-12-312016-03-312016-06-302016-09-302016-12-312017-03-312017-06-302017-09-302017-12-312018-03-312018-06-302018-09-302018-12-312019-03-312019-06-302019-09-30
Revenue2,7042,7562,7682,8572,9282,9512,9593,2423,6543,4013,3713,4003,6993,8243,8554,0484,4074,4184,4104,4714,9044,9604,9214,8255,2545,1524,8885,0815,3835,5245,3985,7475,9405,6595,4395,5645,7565,968
Cost of Revenue2,2732,3262,3372,4032,4492,4842,4812,7363,1032,8901,7232,8673,1303,2443,2013,4243,9203,7593,6803,7824,1754,2314,2044,1014,4834,4084,1604,3074,5664,7024,5904,8825,0504,8064,6314,7134,8885,098
Gross Profit430430431454479467456507551511515533569580586624667659659689730729717724771744727774817823808864932853808852868870
R&D
SG&A355356360370383375366399431409-450413440454453488547513486534551563571559583581579602622646646663692663666669673
Tax1615816211514272716728353210344139393948423039474232415045-201374127354242
Net Income303029344456484750414958796660687575737696887180958883831079433010814813098100118116
Cash Flow ($MM)2010-06-302010-09-302010-12-312011-03-312011-06-302011-09-302011-12-312012-03-312012-06-302012-09-302012-12-312013-03-312013-06-302013-09-302013-12-312014-03-312014-06-302014-09-302014-12-312015-03-312015-06-302015-09-302015-12-312016-03-312016-06-302016-09-302016-12-312017-03-312017-06-302017-09-302017-12-312018-03-312018-06-302018-09-302018-12-312019-03-312019-06-302019-09-30
Cash Operating5576935132-5312579-10831103-51246171327966891947610318104182193-9219912214615617524211991213356
Cash Investing-25-17-32-31-247-53-1-38168-160-072-416-154-136-74-69-273-120-49-67-115-0-154-559-51-0-188-325-73-169-57-65-50-72-381
Cash Financing-40-4639-5713410254-33-1691369166121-2129583-73-63-2711435313706718815195-741-191-62-37-14159