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CONDENSED CONSOLIDATED STATEMENTS OF INCOME - USD ($)
shares in Millions, $ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Jun. 30, 2025
Jun. 30, 2024
REVENUE:        
TOTAL REVENUE $ 4,373.1 $ 4,246.2 $ 8,521.6 $ 8,447.4
COST OF SALES:        
TOTAL COST OF SALES 3,621.2 3,515.5 7,045.5 6,966.7
GROSS PROFIT 751.9 730.7 1,476.1 1,480.7
OPERATING EXPENSES:        
Selling, general, and administrative 475.5 476.5 931.8 945.1
Depreciation and amortization 19.0 18.2 38.2 36.9
Asset impairments 0.0 135.4 14.3 135.4
INCOME FROM OPERATIONS 257.4 100.5 491.7 363.3
OTHER EXPENSES (INCOME):        
Floor plan interest expense 18.1 21.0 38.8 43.8
Other interest expense, net 41.4 45.1 83.7 89.2
Gain on dealership divestitures, net (5.9) (3.6) (10.1) (3.6)
Total other expenses, net 53.6 62.5 112.5 129.4
INCOME BEFORE INCOME TAXES 203.8 38.0 379.2 233.9
Income tax expense 51.0 9.9 94.4 58.7
NET INCOME $ 152.8 $ 28.1 $ 284.9 $ 175.2
Basic—        
Net income (in dollars per share) $ 7.77 $ 1.40 $ 14.50 $ 8.66
Diluted—        
Net income (in dollars per share) $ 7.76 $ 1.39 $ 14.46 $ 8.64
WEIGHTED AVERAGE SHARES OUTSTANDING:        
Basic (in shares) 19.7 20.1 19.6 20.2
Diluted (in shares) 19.7 20.2 19.7 20.3
New vehicle        
REVENUE:        
TOTAL REVENUE $ 2,303.9 $ 2,164.9 $ 4,442.0 $ 4,229.1
COST OF SALES:        
TOTAL COST OF SALES 2,143.9 2,009.8 4,138.9 3,911.2
Used vehicle        
REVENUE:        
TOTAL REVENUE 1,285.8 1,308.0 2,521.6 2,664.9
COST OF SALES:        
TOTAL COST OF SALES 1,216.8 1,247.0 2,388.1 2,532.0
Parts and service        
REVENUE:        
TOTAL REVENUE 601.5 580.9 1,189.1 1,171.2
COST OF SALES:        
TOTAL COST OF SALES 246.7 241.0 491.6 497.2
Finance and insurance, net        
REVENUE:        
TOTAL REVENUE 182.0 192.4 368.9 382.1
COST OF SALES:        
TOTAL COST OF SALES $ 13.8 $ 17.7 $ 26.9 $ 26.3
Performance share units        
WEIGHTED AVERAGE SHARES OUTSTANDING:        
Incremental common shares (in shares) 0.0 0.0 0.1 0.1
Restricted stock        
WEIGHTED AVERAGE SHARES OUTSTANDING:        
Incremental common shares (in shares) 0.0 0.1 0.0 0.0