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CONSOLIDATED STATEMENTS OF INCOME - USD ($)
shares in Millions, $ in Millions
12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
REVENUE:      
Finance and insurance, net $ 676.2 $ 797.0 $ 405.1
TOTAL REVENUE 14,802.7 15,433.8 9,837.7
COST OF SALES:      
New vehicle 6,927.8 6,521.6  
Used vehicle 4,150.2 4,843.8  
Parts and service 931.0 921.6  
Finance and insurance 37.9 46.3 3.6
TOTAL COST OF SALES 12,046.9 12,333.3 7,935.5
GROSS PROFIT 2,755.8 3,100.6 1,902.2
OPERATING EXPENSES:      
Selling, general, and administrative 1,617.4 1,763.4 1,073.9
Depreciation and amortization 67.7 69.0 41.9
Asset impairments 117.2 0.0 0.0
Other operating income, net 0.0 (4.4) (5.4)
INCOME FROM OPERATIONS 953.5 1,272.6 791.8
OTHER EXPENSES (INCOME):      
Floor plan interest expense 9.6 8.4 8.2
Other interest expense, net 156.1 152.2 93.9
Gain on dealership divestitures, net (13.5) (207.1) (8.0)
Total other expenses (income), net 152.2 (46.5) 94.1
INCOME BEFORE INCOME TAXES 801.3 1,319.1 697.7
Income tax expense 198.8 321.8 165.3
NET INCOME $ 602.5 $ 997.3 $ 532.4
Basic—      
Net income (in dollars per share) $ 28.87 $ 44.78 $ 26.75
Diluted—      
Net income (in dollars per share) $ 28.74 $ 44.61 $ 26.49
WEIGHTED AVERAGE COMMON SHARES OUTSTANDING:      
Basic (in shares) 20.9 22.3 19.9
Diluted (in shares) 21.0 22.4 20.1
Restricted Stock Awards      
WEIGHTED AVERAGE COMMON SHARES OUTSTANDING:      
Performance share units (in shares) 0.0 0.1 0.1
Performance Share Units      
WEIGHTED AVERAGE COMMON SHARES OUTSTANDING:      
Performance share units (in shares) 0.1 0.0 0.1
New vehicle      
REVENUE:      
REVENUE: $ 7,630.7 $ 7,365.6 $ 4,934.1
COST OF SALES:      
New vehicle     4,443.6
Used vehicle      
REVENUE:      
REVENUE: 4,414.3 5,197.1 3,315.6
COST OF SALES:      
Used vehicle     3,027.3
Parts and services      
REVENUE:      
REVENUE: $ 2,081.5 $ 2,074.2 1,182.9
COST OF SALES:      
Parts and service     $ 461.0