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CONDENSED CONSOLIDATED STATEMENTS OF INCOME (Unaudited) - USD ($)
shares in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Jun. 30, 2022
Jun. 30, 2021
Revenues:        
Revenues $ 3,652,800,000 $ 3,352,200,000 $ 7,239,400,000 $ 6,139,000,000
Cost of Sales:        
Cost of Sales (3,064,000,000) (2,841,400,000) (6,079,300,000) (5,227,300,000)
Gross profit 588,800,000 510,800,000 1,160,100,000 911,700,000
Selling, general and administrative expenses (402,800,000) (320,600,000) (789,800,000) (610,000,000.0)
Depreciation and amortization (31,200,000) (24,800,000) (61,100,000) (48,400,000)
Operating income (loss) 154,800,000 165,400,000 309,200,000 253,300,000
Other income (expense):        
Interest expense, floor plan (6,100,000) (4,300,000) (11,100,000) (9,400,000)
Interest expense, other, net (21,300,000) (10,100,000) (42,100,000) (20,400,000)
Other income (expense), net (200,000) 0 100,000 100,000
Total other income (expense) (27,600,000) (14,400,000) (53,100,000) (29,700,000)
Income (loss) from continuing operations before taxes 127,200,000 151,000,000.0 256,100,000 223,600,000
Provision for income taxes for continuing operations - benefit (expense) (32,400,000) (37,000,000.0) (64,000,000.0) (55,900,000)
Income (loss) from continuing operations 94,800,000 114,000,000.0 192,100,000 167,700,000
Discontinued operations:        
Income (loss) from discontinued operations before taxes 0 (200,000) 0 500,000
Provision for income taxes for discontinued operations - benefit (expense) 0 0 0 (100,000)
Income (loss) from discontinued operations 0 (200,000) 0 400,000
Net income (loss) $ 94,800,000 $ 113,800,000 $ 192,100,000 $ 168,100,000
Basic earnings (loss) per common share:        
Earnings (loss) per share from continuing operations (usd per share) $ 2.40 $ 2.74 $ 4.81 $ 4.03
Earnings (loss) per share from discontinued operations (usd per share) 0 0 0 0.01
Earnings (loss) per common share (usd per share) $ 2.40 $ 2.74 $ 4.81 $ 4.04
Weighted average common shares outstanding 39,500 41,600 40,000 41,600
Diluted earnings (loss) per common share:        
Earnings (loss) per share from continuing operations (usd per share) $ 2.34 $ 2.63 $ 4.67 $ 3.86
Earnings (loss) per share from discontinued operations (usd per share) 0 0 0 0.01
Earnings (loss) per common share (usd per share) $ 2.34 $ 2.63 $ 4.67 $ 3.87
Weighted average common shares outstanding 40,500 43,400 41,200 43,500
Total vehicles        
Revenues:        
Revenues $ 3,081,500,000 $ 2,828,900,000 $ 6,121,000,000 $ 5,162,900,000
Cost of Sales:        
Cost of Sales (2,864,000,000) (2,670,900,000) (5,685,400,000) (4,903,900,000)
New vehicles        
Revenues:        
Revenues 1,510,700,000 1,462,900,000 3,010,600,000 2,619,200,000
Cost of Sales:        
Cost of Sales (1,341,500,000) (1,344,500,000) (2,672,800,000) (2,431,300,000)
Used vehicles        
Revenues:        
Revenues 1,449,400,000 1,281,200,000 2,820,200,000 2,384,100,000
Cost of Sales:        
Cost of Sales (1,402,300,000) (1,246,100,000) (2,725,000,000) (2,318,400,000)
Wholesale vehicles        
Revenues:        
Revenues 121,400,000 84,800,000 290,200,000 159,600,000
Cost of Sales:        
Cost of Sales (120,200,000) (80,300,000) (287,600,000) (154,200,000)
Retail New Vehicles [Member]        
Revenues:        
Revenues 1,344,300,000 1,453,200,000 2,695,600,000 2,587,200,000
Cost of Sales:        
Cost of Sales (1,176,000,000) (1,335,100,000) (2,359,600,000) (2,399,900,000)
Fleet New Vehicles [Member]        
Revenues:        
Revenues 166,400,000 9,700,000 315,000,000.0 32,000,000.0
Cost of Sales:        
Cost of Sales (165,500,000) (9,400,000) (313,200,000) (31,400,000)
Parts, service and collision repair        
Revenues:        
Revenues 398,100,000 346,100,000 778,700,000 654,200,000
Cost of Sales:        
Cost of Sales (200,000,000.0) (170,500,000) (393,900,000) (323,400,000)
Finance, insurance and other, net        
Revenues:        
Revenues $ 173,200,000 $ 177,200,000 $ 339,700,000 $ 321,900,000

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