Quarterly report pursuant to Section 13 or 15(d)

CONDENSED CONSOLIDATED STATEMENTS OF INCOME (Unaudited)

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CONDENSED CONSOLIDATED STATEMENTS OF INCOME (Unaudited) - USD ($)
shares in Thousands
 3 Months Ended
Mar. 31, 2022
Mar. 31, 2021
Revenues:    
Revenues $ 3,456,200,000 $ 2,786,800,000
Cost of Sales:    
Cost of Sales (2,884,900,000) (2,385,900,000)
Gross profit 571,300,000 400,900,000
Selling, general and administrative expenses (387,000,000.0) (289,400,000)
Depreciation and amortization (29,900,000) (23,600,000)
Operating income (loss) 154,400,000 87,900,000
Other income (expense):    
Interest expense, floor plan (5,000,000.0) (5,100,000)
Interest expense, other, net (20,800,000) (10,300,000)
Other income (expense), net 300,000 100,000
Total other income (expense) (25,500,000) (15,300,000)
Income (loss) from continuing operations before taxes 128,900,000 72,600,000
Provision for income taxes for continuing operations - benefit (expense) (31,600,000) (18,900,000)
Income (loss) from continuing operations 97,300,000 53,700,000
Discontinued operations:    
Income (loss) from discontinued operations before taxes 0 700,000
Provision for income taxes for discontinued operations - benefit (expense) 0 (200,000)
Income (loss) from discontinued operations 0 500,000
Net income (loss) $ 97,300,000 $ 54,200,000
Basic earnings (loss) per common share:    
Earnings (loss) per share from continuing operations (usd per share) $ 2.41 $ 1.29
Earnings (loss) per share from discontinued operations (usd per share) 0 0.02
Earnings (loss) per common share (usd per share) $ 2.41 $ 1.31
Weighted average common shares outstanding 40,400 41,500
Diluted earnings (loss) per common share:    
Earnings (loss) per share from continuing operations (usd per share) $ 2.33 $ 1.23
Earnings (loss) per share from discontinued operations (usd per share) 0 0.02
Earnings (loss) per common share (usd per share) $ 2.33 $ 1.25
Weighted average common shares outstanding 41,800 43,500
Total vehicles    
Revenues:    
Revenues $ 2,909,100,000 $ 2,321,200,000
Cost of Sales:    
Cost of Sales (2,691,000,000) (2,220,000,000)
New vehicles    
Revenues:    
Revenues 1,369,500,000 1,156,300,000
Cost of Sales:    
Cost of Sales (1,201,000,000) (1,086,900,000)
Used vehicles    
Revenues:    
Revenues 1,370,900,000 1,090,100,000
Cost of Sales:    
Cost of Sales (1,322,700,000) (1,059,200,000)
Wholesale vehicles    
Revenues:    
Revenues 168,700,000 74,800,000
Cost of Sales:    
Cost of Sales (167,300,000) (73,900,000)
Retail New Vehicles [Member]    
Revenues:    
Revenues 1,351,300,000 1,134,000,000
Cost of Sales:    
Cost of Sales (1,183,600,000) (1,064,800,000)
Fleet New Vehicles [Member]    
Revenues:    
Revenues 18,200,000 22,300,000
Cost of Sales:    
Cost of Sales (17,400,000) (22,100,000)
Parts, service and collision repair    
Revenues:    
Revenues 380,500,000 320,900,000
Cost of Sales:    
Cost of Sales (193,900,000) (165,900,000)
Finance, insurance and other, net    
Revenues:    
Revenues $ 166,600,000 $ 144,700,000