Quarterly report [Sections 13 or 15(d)]

CONDENSED CONSOLIDATED STATEMENTS OF INCOME (Unaudited)

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CONDENSED CONSOLIDATED STATEMENTS OF INCOME (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
 3 Months Ended 9 Months Ended
Sep. 30, 2025
Sep. 30, 2024
Sep. 30, 2025
Sep. 30, 2024
Revenues:        
Revenues $ 3,973,800 $ 3,491,500 $ 11,282,300 $ 10,328,500
Cost of Sales:        
Cost of Sales (3,358,300) (2,947,900) (9,498,100) (8,709,600)
Gross profit 615,500 543,600 1,784,200 1,618,900
Selling, general and administrative expenses (451,600) (392,100) (1,244,500) (1,177,400)
Asset impairment charges 0 0 (173,800) (2,400)
Depreciation and amortization (41,200) (37,900) (121,600) (111,100)
Operating income (loss) 122,700 113,600 244,300 328,000
Other income (expense):        
Interest expense, floor plan (23,900) (23,000) (62,200) (65,400)
Interest expense, other, net (27,500) (29,800) (82,500) (88,100)
Other income (expense), net (100) 0 0 (500)
Total other income (expense) (51,500) (52,800) (144,700) (154,000)
Income (loss) from continuing operations before taxes 71,200 60,800 99,600 174,000
Provision for income taxes for continuing operations - benefit (expense) (24,400) 13,400 (27,800) (16,600)
Discontinued operations:        
Net income (loss) $ 46,800 $ 74,200 $ 71,800 $ 157,400
Basic earnings (loss) per common share:        
Earnings (loss) per common share (usd per share) $ 1.37 $ 2.18 $ 2.11 $ 4.63
Weighted average common shares outstanding 34,200 34,000 34,000 34,000
Diluted earnings (loss) per common share:        
Earnings (loss) per common share (usd per share) $ 1.33 $ 2.13 $ 2.06 $ 4.52
Weighted average common shares outstanding 35,100 34,900 34,800 34,800
Total vehicles        
Revenues:        
Revenues $ 3,236,100 $ 2,836,900 $ 9,181,900 $ 8,441,500
Cost of Sales:        
Cost of Sales (3,096,800) (2,708,800) (8,761,200) (8,027,200)
New vehicles        
Revenues:        
Revenues 1,898,800 1,589,000 5,272,600 4,643,200
Cost of Sales:        
Cost of Sales (1,801,400) (1,500,800) (4,985,500) (4,359,100)
Used vehicles        
Revenues:        
Revenues 1,253,100 1,180,700 3,658,800 3,582,500
Cost of Sales:        
Cost of Sales (1,207,900) (1,139,500) (3,519,100) (3,449,600)
Wholesale vehicles        
Revenues:        
Revenues 84,200 67,200 250,500 215,800
Cost of Sales:        
Cost of Sales (87,500) (68,500) (256,600) (218,500)
Retail New Vehicles [Member]        
Revenues:        
Revenues 1,872,800 1,566,800 5,195,200 4,575,200
Cost of Sales:        
Cost of Sales (1,775,400) (1,479,200) (4,909,200) (4,293,400)
Fleet New Vehicles [Member]        
Revenues:        
Revenues 26,000 22,200 77,400 68,000
Cost of Sales:        
Cost of Sales (26,000) (21,600) (76,300) (65,700)
Parts, service and collision repair        
Revenues:        
Revenues 533,900 479,000 1,503,800 1,369,800
Cost of Sales:        
Cost of Sales (261,500) (239,100) (736,900) (682,400)
Finance, insurance and other, net        
Revenues:        
Revenues $ 203,800 $ 175,600 $ 596,600 $ 517,200