v3.22.4
CONSOLIDATED STATEMENTS OF INCOME - USD ($)
shares in Thousands
 12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
Revenues:      
Total revenues $ 14,001,100,000 $ 12,396,400,000 $ 9,767,000,000
Cost of Sales:      
Total cost of sales (11,684,100,000) (10,482,100,000) (8,343,400,000)
Gross profit 2,317,000,000 1,914,300,000 1,423,600,000
Selling, general and administrative expenses (1,555,100,000) (1,274,700,000) (1,028,700,000)
Impairment charges 320,400,000 100,000 270,000,000.0
Depreciation and amortization (127,500,000) (101,100,000) (91,000,000.0)
Operating income 314,000,000.0 538,400,000 33,900,000
Other income (expense):      
Interest expense, floor plan (34,300,000) (16,700,000) (27,200,000)
Interest expense, other, net (89,900,000) (48,000,000.0) (41,600,000)
Other income (expense), net 200,000 (15,500,000) 100,000
Total other income (expense) (124,000,000.0) (80,200,000) (68,700,000)
Income (loss) from continuing operations before taxes 190,000,000.0 458,200,000 (34,800,000)
Provision for income taxes for continuing operations - benefit (expense) (101,500,000) (109,300,000) (15,900,000)
Income (loss) from continuing operations 88,500,000 348,900,000 (50,700,000)
Discontinued operations:      
Income (loss) from discontinued operations before taxes 0 0 (1,000,000.0)
Provision for income taxes for discontinued operations - benefit (expense) 0 0 300,000
Income (loss) from discontinued operations 0 0 (700,000)
Net income (loss) $ 88,500,000 $ 348,900,000 $ (51,400,000)
Basic earnings (loss) per common share:      
Earnings (loss) per share from continuing operations (usd per share) $ 2.29 $ 8.43 $ (1.19)
Earnings (loss) per share from discontinued operations (usd per share) 0 0 (0.02)
Earnings (loss) per common share (usd per share) $ 2.29 $ 8.43 $ (1.21)
Weighted average common shares outstanding (in shares) 38,700 41,400 42,500
Diluted earnings (loss) per common share:      
Earnings (loss) per share from continuing operations (usd per share) $ 2.23 $ 8.06 $ (1.19)
Earnings (loss) per share from discontinued operations (usd per share) 0 0 (0.02)
Earnings (loss) per common share (usd per share) $ 2.23 $ 8.06 $ (1.21)
Weighted average common shares outstanding (in shares) 39,700 43,300 42,500
EchoPark Total Impairment [Member]      
Cost of Sales:      
Impairment charges $ 204,900,000 $ 100,000  
Franchised Dealership Impairment [Member]      
Cost of Sales:      
Impairment charges 115,500,000   $ 270,000,000.0
Powersport Total Impairment      
Cost of Sales:      
Impairment charges 0 0 0
Total new vehicles      
Revenues:      
Total revenues 5,722,000,000 5,118,000,000 4,281,200,000
Cost of Sales:      
Total cost of sales (5,054,300,000) (4,656,700,000) (4,047,100,000)
Used vehicles      
Revenues:      
Total revenues 5,515,400,000 4,933,600,000 3,604,200,000
Cost of Sales:      
Total cost of sales (5,334,600,000) (4,800,600,000) (3,499,000,000)
Wholesale vehicles      
Revenues:      
Total revenues 484,900,000 367,200,000 197,400,000
Cost of Sales:      
Total cost of sales (488,000,000.0) (357,300,000) (198,300,000)
Total vehicles      
Revenues:      
Total revenues 11,722,300,000 10,418,800,000 8,082,800,000
Cost of Sales:      
Total cost of sales (10,876,900,000) (9,814,600,000) (7,744,400,000)
Parts, service and collision repair      
Revenues:      
Total revenues 1,599,700,000 1,340,400,000 1,194,300,000
Cost of Sales:      
Total cost of sales (807,200,000) (667,500,000) (599,000,000.0)
Finance, insurance and other, net      
Revenues:      
Total revenues 679,100,000 637,200,000 489,900,000
Retail New Vehicles [Member]      
Revenues:      
Total revenues 5,622,600,000 4,993,400,000 4,224,400,000
Cost of Sales:      
Total cost of sales (4,959,800,000) (4,533,700,000) (3,991,200,000)
Fleet New Vehicles [Member]      
Revenues:      
Total revenues 99,400,000 124,600,000 56,800,000
Cost of Sales:      
Total cost of sales $ (94,500,000) $ (123,000,000.0) $ (55,900,000)

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