CONSOLIDATED CONDENSED STATEMENTS OF CASH FLOWS - USD ($) $ in Millions	9 Months Ended
	Sep. 30, 2025	Sep. 30, 2024
Operating Activities:
Net income	$ 709.4	$ 686.1
Adjustments to reconcile net income to net cash from operating activities:
Depreciation	124.9	117.0
Earnings of equity method investments, net of distributions	(101.9)	(105.3)
Deferred income taxes	34.6	5.6
Stock-based compensation	24.3	22.4
Gain on sale of dealership	(52.3)	0.0
Changes in operating assets and liabilities:
Accounts receivable	42.6	143.3
Inventories	106.8	(236.9)
Other current assets	(7.8)	(61.9)
Floor plan notes payable	(148.8)	369.8
Accounts payable and accrued expenses	86.4	52.9
Other	33.7	(30.9)
Net cash provided by operating activities	851.9	962.1
Investing Activities:
Purchases of property, equipment, and improvements	(226.5)	(282.6)
Proceeds from sale of dealerships	80.1	28.2
Proceeds from sale of property and equipment	25.8	19.2
Proceeds from sale of equity method investment	16.0	0.0
Acquisitions net, including repayment of sellers' floor plan notes payable of $0.0 and $179.9, respectively	(21.5)	(637.4)
Other	9.8	(10.9)
Net cash used in investing activities	(116.3)	(883.5)
Financing Activities:
Proceeds from borrowings under revolving U.S. credit agreement and mortgage facilities	4,319.1	3,178.4
Repayments under revolving U.S. credit agreement and mortgage facilities	(4,051.4)	(2,986.1)
Repayment of 3.50% senior subordinated notes	(550.0)	0.0
Net cash (repayments) borrowings of other debt	(32.0)	42.5
Net repayments of floor plan notes payable — non-trade	(25.2)	(38.2)
Repurchases of common stock	(119.0)	(58.1)
Payments of tax withholding for stock-based compensation	(22.6)	(18.4)
Dividends	(252.7)	(194.7)
Payment of debt issuance costs	(0.6)	(1.0)
Other	0.0	(8.1)
Net cash used in financing activities	(734.4)	(83.7)
Effect of exchange rate changes on cash and cash equivalents	6.7	0.6
Net change in cash and cash equivalents	7.9	(4.5)
Cash and cash equivalents, beginning of period	72.4	96.4
Cash and cash equivalents, end of period	80.3	91.9
Cash paid for:
Interest	197.8	201.1
Income taxes	$ 217.6	$ 256.6