CONSOLIDATED BALANCE SHEETS - USD ($) $ in Millions	Dec. 31, 2025	Dec. 31, 2024
CURRENT ASSETS:
Cash and cash equivalents	$ 32.5	$ 34.4
Contracts-in-transit and vehicle receivables, net	326.4	360.1
Accounts and notes receivables, net	308.4	303.0
Inventories	2,741.3	2,636.8
Prepaid expenses	65.3	67.9
Other current assets	17.4	18.8
Current assets classified as held for sale	171.4	76.2
TOTAL CURRENT ASSETS	3,662.6	3,497.3
Property and equipment, net	3,137.4	2,856.5
Operating lease assets	276.0	315.3
Goodwill	2,204.9	2,057.9
Intangible franchise rights	933.8	948.1
Other long-term assets	135.1	149.1
TOTAL ASSETS	10,349.6	9,824.2
CURRENT LIABILITIES:
Floorplan notes payable — credit facility and other, net of offset account of $504.2 and $286.3, respectively	1,083.5	1,255.3
Floorplan notes payable — manufacturer affiliates, net of offset account of $— and $2.0, respectively	832.3	766.7
Current maturities of long-term debt	259.0	175.3
Current operating lease liabilities	25.1	25.8
Accounts payable	732.8	738.0
Accrued expenses and other current liabilities	432.0	418.6
Current liabilities classified as held for sale	38.5	17.1
TOTAL CURRENT LIABILITIES	3,403.1	3,396.8
Long-term debt	3,440.5	2,737.9
Long-term operating lease liabilities	229.9	276.2
Deferred income taxes	331.1	295.8
Other long-term liabilities	155.8	143.3
Commitments and Contingencies (Note 17)
STOCKHOLDERS’ EQUITY:
Preferred stock, $0.01 par value, 1,000,000 shares authorized; none issued or outstanding	0.0	0.0
Common stock, $0.01 par value, 50,000,000 shares authorized; 24,941,249 and 24,989,807 issued, respectively	0.2	0.2
Additional paid-in capital	388.5	356.1
Retained earnings	4,421.9	4,122.4
Accumulated other comprehensive income (loss)	31.6	1.6
Treasury stock, at cost; 12,897,840 and 11,711,022 shares, respectively	(2,053.2)	(1,506.2)
TOTAL STOCKHOLDERS’ EQUITY	2,789.1	2,974.3
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY	$ 10,349.6	$ 9,824.2