v3.24.3
CONDENSED CONSOLIDATED STATEMENTS OF INCOME (Unaudited) - USD ($)
shares in Thousands
 3 Months Ended 9 Months Ended
Sep. 30, 2024
Sep. 30, 2023
Sep. 30, 2024
Sep. 30, 2023
Revenues:        
Revenues $ 3,491,500,000 $ 3,643,500,000 $ 10,328,500,000 $ 10,787,600,000
Cost of Sales:        
Cost of Sales (2,947,900,000) (3,061,300,000) (8,709,600,000) (9,083,000,000)
Gross profit 543,600,000 582,200,000 1,618,900,000 1,704,600,000
Selling, general and administrative expenses (392,100,000) (409,600,000) (1,177,400,000) (1,214,200,000)
Asset impairment charges 0 0 (2,400,000) 62,600,000
Depreciation and amortization (37,900,000) (35,200,000) (111,100,000) (105,700,000)
Operating income (loss) 113,600,000 137,400,000 328,000,000.0 322,100,000
Other income (expense):        
Interest expense, floor plan (23,000,000.0) (17,400,000) (65,400,000) (48,900,000)
Interest expense, other, net (29,800,000) (29,000,000.0) (88,100,000) (86,200,000)
Other income (expense), net 0 200,000 (500,000) 300,000
Total other income (expense) (52,800,000) (46,200,000) (154,000,000.0) (134,800,000)
Income (loss) from continuing operations before taxes 60,800,000 91,200,000 174,000,000.0 187,300,000
Provision for income taxes for continuing operations - benefit (expense) 13,400,000 (22,800,000) (16,600,000) (47,800,000)
Discontinued operations:        
Net income (loss) $ 74,200,000 $ 68,400,000 $ 157,400,000 $ 139,500,000
Basic earnings (loss) per common share:        
Earnings (loss) per common share (usd per share) $ 2.18 $ 1.96 $ 4.63 $ 3.94
Weighted average common shares outstanding 34,000 34,900 34,000 35,400
Diluted earnings (loss) per common share:        
Earnings (loss) per common share (usd per share) $ 2.13 $ 1.92 $ 4.52 $ 3.85
Weighted average common shares outstanding 34,900 35,600 34,800 36,200
Total vehicles        
Revenues:        
Revenues $ 2,836,900,000 $ 3,016,400,000 $ 8,441,500,000 $ 8,942,300,000
Cost of Sales:        
Cost of Sales (2,708,800,000) (2,833,200,000) (8,027,200,000) (8,414,000,000)
New vehicles        
Revenues:        
Revenues 1,589,000,000 1,596,700,000 4,643,200,000 4,694,800,000
Cost of Sales:        
Cost of Sales (1,500,800,000) (1,464,400,000) (4,359,100,000) (4,280,800,000)
Used vehicles        
Revenues:        
Revenues 1,180,700,000 1,340,400,000 3,582,500,000 3,991,200,000
Cost of Sales:        
Cost of Sales (1,139,500,000) (1,288,100,000) (3,449,600,000) (3,877,400,000)
Wholesale vehicles        
Revenues:        
Revenues 67,200,000 79,300,000 215,800,000 256,300,000
Cost of Sales:        
Cost of Sales (68,500,000) (80,700,000) (218,500,000) (255,800,000)
Retail New Vehicles [Member]        
Revenues:        
Revenues 1,566,800,000 1,573,500,000 4,575,200,000 4,624,400,000
Cost of Sales:        
Cost of Sales (1,479,200,000) (1,442,100,000) (4,293,400,000) (4,213,500,000)
Fleet New Vehicles [Member]        
Revenues:        
Revenues 22,200,000 23,200,000 68,000,000.0 70,400,000
Cost of Sales:        
Cost of Sales (21,600,000) (22,300,000) (65,700,000) (67,300,000)
Parts, service and collision repair        
Revenues:        
Revenues 479,000,000.0 453,400,000 1,369,800,000 1,327,600,000
Cost of Sales:        
Cost of Sales (239,100,000) (228,100,000) (682,400,000) (669,000,000.0)
Finance, insurance and other, net        
Revenues:        
Revenues $ 175,600,000 $ 173,700,000 $ 517,200,000 $ 517,700,000

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