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Condensed Consolidated Balance Sheets - USD ($)
$ in Millions
Jun. 30, 2025
Dec. 31, 2024
Current assets:    
Cash and cash equivalents $ 710.2 $ 533.9
Restricted cash 145.8 174.9
Trade and other receivables, net of allowance for credit losses of $7.0 and $7.2, respectively 766.1 709.4
Prepaid consigned vehicle charges 56.8 67.9
Inventory 95.4 121.5
Other current assets 80.0 77.0
Income taxes receivable 84.9 30.2
Total current assets 1,939.2 1,714.8
Property, plant and equipment, net 1,437.3 1,275.4
Operating lease right-of-use assets 1,519.1 1,529.1
Other non-current assets 152.3 98.4
Intangible assets, net 2,567.4 2,668.7
Goodwill 4,533.0 4,511.8
Deferred tax assets 8.8 8.8
Total assets 12,157.1 11,807.0
Current liabilities:    
Auction proceeds payable 578.4 378.0
Trade and other liabilities 674.9 782.0
Current operating lease liabilities 116.1 113.3
Income taxes payable 6.2 26.2
Short-term debt 89.1 27.7
Current portion of long-term debt 51.3 4.1
Total current liabilities 1,516.0 1,331.3
Long-term operating lease liabilities 1,428.9 1,431.1
Long-term debt 2,529.8 2,622.1
Other non-current liabilities 128.7 97.4
Deferred tax liabilities 608.7 608.7
Total liabilities 6,212.1 6,090.6
Temporary equity:    
Series A Senior Preferred Shares, no par value; shares authorized, issued and outstanding: 485,000,000 482.0 482.0
Redeemable non-controlling interest 7.9 8.1
Stockholders' equity:    
Senior preferred and junior preferred stock; unlimited shares authorized; shares issued and outstanding, other than Series A Senior Preferred Shares: nil 0.0 0.0
Common stock and additional paid-in capital, no par value; unlimited shares authorized; shares issued and outstanding: 185,543,198 4,304.1 4,258.5
Retained earnings 1,188.5 1,090.3
Accumulated other comprehensive loss (40.0) (124.8)
Stockholders' equity 5,452.6 5,224.0
Non-controlling interests 2.5 2.3
Total stockholders' equity 5,455.1 5,226.3
Total liabilities, temporary equity and stockholders' equity $ 12,157.1 $ 11,807.0