PENSKE AUTOMOTIVE GROUP, INC. (PAG)

NYSE · Retail-Auto Dealers & Gasoline Stations

One email a week from me: what it filed, which 13F holders added or cut, where its scores stand. Free.

Corporate structure

31 entities across 13 jurisdictions. Read directly from the company’s own 10-K EX-21 filed 2026-02-27 — see the exhibit.

Which other public companies file entities in the same places:

Delaware11 Germany5 England and Wales3 Italy2 Australia2 New Jersey1 Indiana1 Japan1 California1 New Zealand1 Ohio1 Nevada1

Subsidiaries of PENSKE AUTOMOTIVE GROUP, INC. as disclosed in its SEC filing
Entity	Jurisdiction	Note
Audi Zentrum Aachen Jacobs Auto GmbH	Germany
AutoVanti Srl	Italy
Classic Auto Group, Inc.	New Jersey
Dan Young Chevrolet, Inc.	Indiana
DiFeo Partnership, LLC	Delaware
Goodman Retail Limited	England and Wales
Jacobs Holding GmbH	Germany
Jacobs Innovation GmbH	Germany
Landers Auto Sales, LLC	Delaware
Late Acquisition 1, LLC	Delaware
Nicole Racing Japan, LLC	Japan
PAG Atlanta Management, LLC	Delaware
PAG Greenwich Holdings, LLC	Delaware
PAG Italy S.r.l.	Italy
PAG Orlando Limited, LLC	Delaware
PAG West, LLC	Delaware
Penske Australia Pty Ltd. (c)	Australia
Penske Automotive Australia Pty Ltd.	Australia
Penske Automotive Europe GmbH	Germany
Penske Commercial Vehicles US, LLC	Delaware
Penske Motor Group, LLC	California
Penske New Zealand (c)	New Zealand
SDG Automotive Investments, LLC	Ohio
Rybrook Automotive Ltd.	England and Wales
Sytner Group Limited	England and Wales
Tamburro Enterprises, Inc.	Nevada
UAG Caribbean, Inc.	Delaware
UAG Classic, Inc.	Delaware
UAG Connecticut I, LLC	Delaware
Volkswagen Zentrum Aachen (VW) GmbH	Germany
West Palm Auto Mall, Inc.	Florida

Financial health

Two standard screens, computed from the XBRL in FY2025 against FY2024. Every test shows the numbers behind it — a score with its inputs hidden is a number you cannot check.

Piotroski F-score

6 / 9

PASSReturn on assets positiveROA 5.3%
PASSOperating cash flow positiveOCF 975M
FAILReturn on assets improving5.5% → 5.3%
PASSCash flow exceeds earningsOCF 975M vs NI 935M
FAILLong-term debt ratio falling6.8% → 10.3% of assets
PASSCurrent ratio improving0.91 → 0.99
PASSNo share dilution67M → 66M shares
PASSGross margin improving15.7% → 16.4%
FAILAsset turnover improving1.91× → 1.81×

Six-year record

Year	Revenue	Net income	Free cash flow	Gross margin	Shares
FY2020	$20.4B	$543.6M	$1.0B	15.6%	80,594,856
FY2021	$25.6B	$1.2B	$1.0B	17.4%	79,746,106
FY2022	$27.8B	$1.4B	$1.2B	17.4%	74,394,799
FY2023	$30.9B	$1.1B	$718.3M	16.0%	67,963,956
FY2024	$31.9B	$918.9M	$811.1M	15.7%	66,882,731
FY2025	$31.8B	$935.4M	$650.5M	16.4%	66,199,042

Ownership flow

1 institutions tracked — 1 added, 0 reduced.

Institutional holders of PENSKE AUTOMOTIVE GROUP, INC. and their share-count change
Manager	Kind	Shares	Change	Value
GEODE CAPITAL MANAGEMENT, LLC	Index	355,157	+1,177	$63.6M

From 13F filings, which cover institutions managing over $100m and are filed up to 45 days after the quarter ends — so this is a considered position, not a live one, and it is not the whole shareholder register.

Capital returned

What the company actually paid out and bought back, as reported — the record behind any yield figure.

Shares repurchased

2026Q1: $26.3M
2025Q1: $39.9M
2024Q1: $32.9M
2023Q1: $110.2M
2022Q1: $119.2M
2021Q1: $0

Identity

CIK: 0001019849
SIC: 5500 · Retail-Auto Dealers & Gasoline Stations
Incorporated: DE
Headquarters: BLOOMFIELD HILLS, MI

Ownership

Institutional: 81.0%
Institutions: 527
Insiders: 21.2%

Ownership percentages are a vendor aggregate, not a filing — unlike everything else on this page.

Other retail-auto dealers & gasoline stations companies

PENSKE AUTOMOTIVE GROUP, INC. files under SIC 5500 — all 7 retail-auto dealers & gasoline stations companies compared on assets and F-score.

LITHIA MOTORS INCLAD AUTONATION, INC.AN SONIC AUTOMOTIVE INCSAH Camping World Holdings, Inc.CWH OPENLANE, Inc.OPLN RUSH ENTERPRISES INC \TX\RUSHA

Questions about PENSKE AUTOMOTIVE GROUP, INC.

How many subsidiaries does PENSKE AUTOMOTIVE GROUP, INC. file with the SEC?: 31, listed in its most recent exhibit 21. They are incorporated across 13 jurisdictions, led by Germany, Italy, New Jersey. That exhibit is filed with the company's annual report and is the company's own list, not an estimate.
Is PENSKE AUTOMOTIVE GROUP, INC. financially healthy?: PENSKE AUTOMOTIVE GROUP, INC. scores 6 out of 9 on the Piotroski F-score. Every test and the numbers behind it are shown above, so the arithmetic is checkable rather than something you have to take on trust.
Who are the largest institutional holders of PENSKE AUTOMOTIVE GROUP, INC.?: Among the managers tracked here, the biggest positions as of the 2026-Q2 13F filings are GEODE CAPITAL MANAGEMENT, LLC (adding). Direction is the change in share count against that manager's own previous filing; managers with no prior filing are left out rather than counted as new buyers.

This page is one panel of the terminal

The structure map above is the Corporate Blueprint, and in the desktop it is interactive — click any entity to re-centre the map on it and walk the ownership chain. It sits alongside the screener, the scorecard and the filings lab on one desk, on your machine.

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Sourced from SEC EDGAR primary filings. Figures are as reported by the company and are not investment advice. Scores are standard published screens computed from those filings; every input is shown above so you can check the arithmetic.

Corporate structure

31 entities across 13 jurisdictions. Read directly from the company’s own 10-K EX-21 filed 2026-02-27 — see the exhibit.

Entity

Jurisdiction

Note

Audi Zentrum Aachen Jacobs Auto GmbH

Germany

AutoVanti Srl

Italy

Classic Auto Group, Inc.

New Jersey

Dan Young Chevrolet, Inc.

Indiana

DiFeo Partnership, LLC

Delaware

Goodman Retail Limited

England and Wales

Jacobs Holding GmbH

Germany

Jacobs Innovation GmbH

Germany

Landers Auto Sales, LLC

Delaware

Late Acquisition 1, LLC

Delaware

Nicole Racing Japan, LLC

Japan

PAG Atlanta Management, LLC

Delaware

PAG Greenwich Holdings, LLC

Delaware

PAG Italy S.r.l.

Italy

PAG Orlando Limited, LLC

Delaware

PAG West, LLC

Delaware

Penske Australia Pty Ltd. (c)

Australia

Penske Automotive Australia Pty Ltd.

Australia

Penske Automotive Europe GmbH

Germany

Penske Commercial Vehicles US, LLC

Delaware

Penske Motor Group, LLC

California

Penske New Zealand (c)

New Zealand

SDG Automotive Investments, LLC

Ohio

Rybrook Automotive Ltd.

England and Wales

Sytner Group Limited

England and Wales

Tamburro Enterprises, Inc.

Nevada

UAG Caribbean, Inc.

Delaware

UAG Classic, Inc.

Delaware

UAG Connecticut I, LLC

Delaware

Volkswagen Zentrum Aachen (VW) GmbH

Germany

West Palm Auto Mall, Inc.

Florida

Financial health

Two standard screens, computed from the XBRL in FY2025 against FY2024. Every test shows the numbers behind it — a score with its inputs hidden is a number you cannot check.

Piotroski F-score

6 / 9

PASSReturn on assets positiveROA 5.3%
PASSOperating cash flow positiveOCF 975M
FAILReturn on assets improving5.5% → 5.3%
PASSCash flow exceeds earningsOCF 975M vs NI 935M
FAILLong-term debt ratio falling6.8% → 10.3% of assets
PASSCurrent ratio improving0.91 → 0.99
PASSNo share dilution67M → 66M shares
PASSGross margin improving15.7% → 16.4%
FAILAsset turnover improving1.91× → 1.81×

Year

Revenue

Net income

Free cash flow

Gross margin

FY2020

$20.4B

$543.6M

$1.0B

15.6%

80,594,856

FY2021

$25.6B

$1.2B

$1.0B

17.4%

79,746,106

FY2022

$27.8B

$1.4B

$1.2B

17.4%

74,394,799

FY2023

$30.9B

$1.1B

$718.3M

16.0%

67,963,956

FY2024

$31.9B

$918.9M

$811.1M

15.7%

66,882,731

FY2025

$31.8B

$935.4M

$650.5M

16.4%

66,199,042

Ownership flow

1 institutions tracked — 1 added, 0 reduced.

Institutional holders of PENSKE AUTOMOTIVE GROUP, INC. and their share-count change
Manager	Kind	Shares	Change	Value
GEODE CAPITAL MANAGEMENT, LLC	Index	355,157	+1,177	$63.6M

Questions about PENSKE AUTOMOTIVE GROUP, INC.

How many subsidiaries does PENSKE AUTOMOTIVE GROUP, INC. file with the SEC?

31, listed in its most recent exhibit 21. They are incorporated across 13 jurisdictions, led by Germany, Italy, New Jersey. That exhibit is filed with the company's annual report and is the company's own list, not an estimate.

Is PENSKE AUTOMOTIVE GROUP, INC. financially healthy?

PENSKE AUTOMOTIVE GROUP, INC. scores 6 out of 9 on the Piotroski F-score. Every test and the numbers behind it are shown above, so the arithmetic is checkable rather than something you have to take on trust.

Who are the largest institutional holders of PENSKE AUTOMOTIVE GROUP, INC.?

Among the managers tracked here, the biggest positions as of the 2026-Q2 13F filings are GEODE CAPITAL MANAGEMENT, LLC (adding). Direction is the change in share count against that manager's own previous filing; managers with no prior filing are left out rather than counted as new buyers.