Exhibit 24

POWER OF ATTORNEY

Know all by these present, that the undersigned hereby constitutes and appoints each of Shane M. Spradlin, Jason T. Nichol, and Maggie Feher, signing individually, the undersigned’s true and lawful attorney-in-fact to:

1.Prepare, execute in the undersigned’s name and on the undersigned’s behalf, and submit to the U.S. Securities and Exchange Commission (the “SEC”) a Form ID, including amendments thereto, and any other documents necessary or appropriate to enroll the undersigned in the EDGAR Next platform or to otherwise obtain codes and passwords enabling the undersigned or the attorney-in-fact on the undersigned’s behalf to make electronic filings with the SEC of reports required by Section 16(a) of the Securities Exchange Act of 1934 or any rule or regulation of the SEC, and to manage, act as an account administrator for, name or appoint delegated entities or delegated users on behalf of, or serve on behalf of a delegated entity for, the undersigned’s account on the EDGAR Next platform;

2.Execute for and on behalf of the undersigned in the undersigned’s capacity as an officer and/or director of Penske Automotive Group, Inc. (the “Company”), Forms 3, 4, and 5 or amendments thereof in accordance with Section 16(a) of the Securities Exchange Act of 1934 and the rules thereunder;

3.Do and perform any and all acts for and on behalf of the undersigned which may be necessary or desirable to complete and execute any such Form 3, 4, or 5 or amendments thereof and timely file such forms with the SEC and any stock exchange or similar authority; and

4.Take any other action of any type whatsoever in connection with the foregoing which, in the opinion of such attorney-in-fact, may be of benefit to, in the best interest of, or legally required by, the undersigned, it being understood that the documents executed by such attorney-in-fact on behalf of the undersigned pursuant to this Power of Attorney shall be in such form and shall contain such terms and conditions as such attorney-in-fact may approve in such attorney-in-fact’s discretion.

The undersigned hereby grants to each such attorney-in-fact full power and authority to do and perform any and every act and thing whatsoever requisite, necessary or proper to be done in the exercise of any of the rights and powers herein granted, as fully to all intents and purposes as the undersigned might or could do if personally present, with full power of substitution or revocation, hereby ratifying and confirming all that such attorney-in-fact, or such attorney-in-fact’s substitute or substitutes, shall lawfully do or cause to be done by virtue of this power of attorney and the rights and powers herein granted. The undersigned acknowledges that the foregoing attorneys-in-fact, in serving in such capacity at the request of the undersigned, are not assuming, nor is the

Company assuming, any of the undersigned’s responsibilities to comply with Section 16 of the Securities Exchange Act of 1934.

This Power of Attorney shall remain in full force and effect until the earlier of (i) the date the undersigned is no longer required to file Forms 3, 4, and 5 with respect to the undersigned’s holdings of and transactions in securities issued by the Company or (ii) until revoked by the undersigned in a signed writing delivered to the foregoing attorneys-in-fact.

IN WITNESS WHEREOF, the undersigned has caused this Power of Attorney to be executed as of this 24 day of July, 2025.

/s/ Kimberly J. McWaters

Kimberly J. McWaters

STATE OF MICHIGAN )

) ss

COUNTY OF OAKLAND )

The foregoing instrument was acknowledged before me this 24 day of July, 2025 by Kimberly J. McWaters.

/s/ Deirdre Thomas

Notary Public

Name: Deirdre Thomas

My commission expires: 3/27/2031

MCWATERS KIMBERLY J 4