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CONDENSED CONSOLIDATED STATEMENTS OF INCOME (Unaudited) - USD ($)
shares in Thousands
3 Months Ended
Mar. 31, 2021
Mar. 31, 2020
Revenues:    
Revenues $ 2,786,798,000 $ 2,308,056,000
Cost of Sales:    
Cost of Sales (2,385,905,000) (1,957,478,000)
Gross profit 400,893,000 350,578,000
Selling, general and administrative expenses (289,356,000) (282,156,000)
Impairment charges 0 (268,000,000)
Depreciation and amortization (23,687,000) (22,297,000)
Operating income (loss) 87,850,000 (221,875,000)
Other income (expense):    
Interest expense, floor plan (5,113,000) (10,508,000)
Interest expense, other, net (10,285,000) (10,965,000)
Other income (expense), net 101,000 100,000
Total other income (expense) (15,297,000) (21,373,000)
Income (loss) from continuing operations before taxes 72,553,000 (243,248,000)
Provision for income taxes for continuing operations - benefit (expense) (18,864,000) 44,117,000
Income (loss) from continuing operations 53,689,000 (199,131,000)
Discontinued operations:    
Income (loss) from discontinued operations before taxes 720,000 (285,000)
Provision for income taxes for discontinued operations - benefit (expense) (187,000) 83,000
Income (loss) from discontinued operations 533,000 (202,000)
Net income (loss) $ 54,222,000 $ (199,333,000)
Basic earnings (loss) per common share:    
Earnings (loss) per share from continuing operations (usd per share) $ 1.29 $ (4.67)
Earnings (loss) per share from discontinued operations (usd per share) 0.02 (0.01)
Earnings (loss) per common share (usd per share) $ 1.31 $ (4.68)
Weighted average common shares outstanding 41,541 42,615
Diluted earnings (loss) per common share:    
Earnings (loss) per share from continuing operations (usd per share) $ 1.23 $ (4.67)
Earnings (loss) per share from discontinued operations (usd per share) 0.02 (0.01)
Earnings (loss) per common share (usd per share) $ 1.25 $ (4.68)
Weighted average common shares outstanding 43,542 42,615
Total vehicles    
Revenues:    
Revenues $ 2,321,223,000 $ 1,858,084,000
Cost of Sales:    
Cost of Sales (2,220,041,000) (1,780,696,000)
New vehicles    
Revenues:    
Revenues 1,156,317,000 959,489,000
Cost of Sales:    
Cost of Sales (1,086,852,000) (914,074,000)
Used vehicles    
Revenues:    
Revenues 1,090,097,000 850,052,000
Cost of Sales:    
Cost of Sales (1,059,229,000) (817,922,000)
Wholesale vehicles    
Revenues:    
Revenues 74,809,000 48,543,000
Cost of Sales:    
Cost of Sales (73,960,000) (48,700,000)
Parts, service and collision repair    
Revenues:    
Revenues 320,914,000 334,680,000
Cost of Sales:    
Cost of Sales (165,864,000) (176,782,000)
Finance, insurance and other, net    
Revenues:    
Revenues $ 144,661,000 $ 115,292,000

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