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CONDENSED CONSOLIDATED STATEMENTS OF INCOME (Unaudited) - USD ($)
shares in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Sep. 30, 2022
Sep. 30, 2021
Revenues:        
Revenues $ 3,448,100,000 $ 3,072,800,000 $ 10,410,500,000 $ 9,211,900,000
Cost of Sales:        
Cost of Sales (2,867,400,000) (2,600,800,000) (8,669,600,000) (7,828,200,000)
Gross profit 580,700,000 472,000,000.0 1,740,900,000 1,383,700,000
Selling, general and administrative expenses (399,000,000.0) (321,400,000) (1,188,800,000) (931,300,000)
Depreciation and amortization (32,800,000) (25,200,000) (94,000,000.0) (73,700,000)
Operating income (loss) 148,900,000 125,400,000 458,100,000 378,700,000
Other income (expense):        
Interest expense, floor plan (9,600,000) (3,300,000) (20,600,000) (12,800,000)
Interest expense, other, net (22,900,000) (9,800,000) (65,100,000) (30,200,000)
Other income (expense), net 0 (100,000) 100,000 100,000
Total other income (expense) (32,500,000) (13,200,000) (85,600,000) (42,900,000)
Income (loss) from continuing operations before taxes 116,400,000 112,200,000 372,500,000 335,800,000
Provision for income taxes for continuing operations - benefit (expense) (29,100,000) (27,500,000) (93,100,000) (83,400,000)
Income (loss) from continuing operations 87,300,000 84,700,000 279,400,000 252,400,000
Discontinued operations:        
Income (loss) from discontinued operations before taxes 0 (300,000) 0 200,000
Provision for income taxes for discontinued operations - benefit (expense) 0 100,000 0 0
Income (loss) from discontinued operations 0 (200,000) 0 200,000
Net income (loss) $ 87,300,000 $ 84,500,000 $ 279,400,000 $ 252,600,000
Basic earnings (loss) per common share:        
Earnings (loss) per share from continuing operations (usd per share) $ 2.28 $ 2.04 $ 7.09 $ 6.07
Earnings (loss) per share from discontinued operations (usd per share) 0 (0.01) 0 0.01
Earnings (loss) per common share (usd per share) $ 2.28 $ 2.03 $ 7.09 $ 6.08
Weighted average common shares outstanding 38,300 41,600 39,400 41,600
Diluted earnings (loss) per common share:        
Earnings (loss) per share from continuing operations (usd per share) $ 2.23 $ 1.96 $ 6.90 $ 5.81
Earnings (loss) per share from discontinued operations (usd per share) 0 (0.01) 0 0.01
Earnings (loss) per common share (usd per share) $ 2.23 $ 1.95 $ 6.90 $ 5.82
Weighted average common shares outstanding 39,200 43,300 40,500 43,400
Total vehicles        
Revenues:        
Revenues $ 2,877,800,000 $ 2,568,800,000 $ 8,721,800,000 $ 7,731,700,000
Cost of Sales:        
Cost of Sales (2,663,700,000) (2,432,000,000) (8,071,900,000) (7,336,000,000)
New vehicles        
Revenues:        
Revenues 1,405,100,000 1,146,900,000 4,138,700,000 3,766,100,000
Cost of Sales:        
Cost of Sales (1,240,300,000) (1,031,500,000) (3,636,100,000) (3,462,800,000)
Used vehicles        
Revenues:        
Revenues 1,358,000,000 1,324,800,000 4,178,300,000 3,708,900,000
Cost of Sales:        
Cost of Sales (1,306,600,000) (1,304,600,000) (4,031,600,000) (3,623,100,000)
Wholesale vehicles        
Revenues:        
Revenues 114,700,000 97,100,000 404,800,000 256,700,000
Cost of Sales:        
Cost of Sales (116,800,000) (95,900,000) (404,200,000) (250,100,000)
Retail New Vehicles [Member]        
Revenues:        
Revenues 1,373,100,000 1,128,000,000 4,068,700,000 3,715,200,000
Cost of Sales:        
Cost of Sales (1,209,600,000) (1,012,900,000) (3,569,200,000) (3,412,800,000)
Fleet New Vehicles [Member]        
Revenues:        
Revenues 32,000,000.0 18,900,000 70,000,000.0 50,900,000
Cost of Sales:        
Cost of Sales (30,700,000) (18,600,000) (66,900,000) (50,000,000.0)
Parts, service and collision repair        
Revenues:        
Revenues 404,700,000 339,900,000 1,183,400,000 994,100,000
Cost of Sales:        
Cost of Sales (203,700,000) (168,800,000) (597,700,000) (492,200,000)
Finance, insurance and other, net        
Revenues:        
Revenues $ 165,600,000 $ 164,100,000 $ 505,300,000 $ 486,100,000

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