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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
$ in Thousands
 9 Months Ended
Sep. 30, 2024
Sep. 30, 2023
CASH FLOWS FROM OPERATING ACTIVITIES    
Net income (loss) $ 157,400 $ 139,500
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:    
Depreciation and amortization of property and equipment 96,200 92,000
Debt issuance cost amortization 4,200 4,900
Stock-based compensation expense 18,000 17,300
Deferred income taxes (10,700) (10,500)
Asset impairment charges 2,400 (62,600)
Loss (gain) on disposal of dealerships and property and equipment 600 (18,100)
Other 1,200 300
Loss (gain) on exit of leased dealerships   (4,300)
Changes in assets and liabilities that relate to operations:    
Receivables 100,600 49,200
Inventories (347,300) (230,700)
Other assets (69,500) (7,200)
Notes payable - floor plan - trade 7,800 6,300
Trade accounts payable and other liabilities 60,600 (1,400)
Total adjustments (135,900) (35,300)
Net cash provided by (used in) operating activities 21,500 104,200
CASH FLOWS FROM INVESTING ACTIVITIES:    
Purchase of businesses, net of cash acquired 0 (75,100)
Purchases of land, property and equipment (145,900) (153,600)
Proceeds from sales of property and equipment 50,700 5,100
Proceeds from sales of dealerships 8,200 52,200
Net cash provided by (used in) investing activities (87,000) (171,400)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Net (repayments) borrowings on notes payable - floor plan - non-trade (99,600) 153,500
Borrowings on revolving credit facilities 77,500 0
Repayments on revolving credit facilities (77,500) 0
Proceeds from issuance of long-term debt 78,000 0
Debt issuance costs 5,700 (1,600)
Principal payments and repurchase of long-term debt (57,900) (71,500)
Purchases of treasury stock (27,100) (177,500)
Finance Lease, Principal Payments 6,900 11,700
Issuance of shares under stock compensation plans 4,800 11,600
Dividends paid (30,600) (30,200)
Net cash provided by (used in) financing activities 54,200 (127,400)
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS (11,300) (194,600)
CASH AND CASH EQUIVALENTS, BEGINNING OF YEAR 28,900 229,200
CASH AND CASH EQUIVALENTS, END OF PERIOD 17,600 34,600
Cash paid (received) during the period for:    
Interest, including amount capitalized 135,900 115,000
Income taxes $ 51,200 $ 73,400

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