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, 2024
Mar. 31, 2023
Revenues:    
Revenues $ 3,384,000,000 $ 3,491,200,000
Cost of Sales:    
Cost of Sales (2,847,800,000) (2,937,700,000)
Gross profit 536,200,000 553,500,000
Selling, general and administrative expenses (392,200,000) (412,800,000)
Impairment charges (1,000,000.0) 0
Depreciation and amortization (36,300,000) (34,300,000)
Operating income (loss) 106,700,000 106,400,000
Other income (expense):    
Interest expense, floor plan (20,300,000) (14,600,000)
Interest expense, other, net (29,000,000.0) (28,400,000)
Other income (expense), net 100,000 200,000
Total other income (expense) (49,200,000) (42,800,000)
Income (loss) from continuing operations before taxes 57,500,000 63,600,000
Provision for income taxes for continuing operations - benefit (expense) (15,500,000) (15,900,000)
Discontinued operations:    
Net income (loss) $ 42,000,000.0 $ 47,700,000
Basic earnings (loss) per common share:    
Earnings (loss) per common share (usd per share) $ 1.24 $ 1.33
Weighted average common shares outstanding 34,000 35,900
Diluted earnings (loss) per common share:    
Earnings (loss) per common share (usd per share) $ 1.20 $ 1.29
Weighted average common shares outstanding 34,900 36,900
Total vehicles    
Revenues:    
Revenues $ 2,768,300,000 $ 2,892,100,000
Cost of Sales:    
Cost of Sales (2,625,000,000) (2,720,100,000)
New vehicles    
Revenues:    
Revenues 1,475,400,000 1,461,600,000
Cost of Sales:    
Cost of Sales (1,378,300,000) (1,322,600,000)
Used vehicles    
Revenues:    
Revenues 1,215,600,000 1,344,900,000
Cost of Sales:    
Cost of Sales (1,168,600,000) (1,314,900,000)
Wholesale vehicles    
Revenues:    
Revenues 77,300,000 85,600,000
Cost of Sales:    
Cost of Sales (78,100,000) (82,600,000)
Retail New Vehicles [Member]    
Revenues:    
Revenues 1,455,800,000 1,442,800,000
Cost of Sales:    
Cost of Sales (1,359,400,000) (1,304,700,000)
Fleet New Vehicles [Member]    
Revenues:    
Revenues 19,600,000 18,800,000
Cost of Sales:    
Cost of Sales (18,900,000) (17,900,000)
Parts, service and collision repair    
Revenues:    
Revenues 446,700,000 430,500,000
Cost of Sales:    
Cost of Sales (222,800,000) (217,600,000)
Finance, insurance and other, net    
Revenues:    
Revenues $ 169,000,000.0 $ 168,600,000