• Penske Automotive average operating margin for 2023 was 4.92%, a 12.14% decline from 2022.
• Penske Automotive average operating margin for 2022 was 5.6%, a 18.9% decline from 2021.
• Penske Automotive average operating margin for 2021 was 4.71%, a 63.54% increase from 2020.

Operating margin can be defined as operating margin measurement of what proportion of a company's revenue is left over after paying for variable costs of production such as wages, raw materials, etc.