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
Mar. 31, 2026
Mar. 31, 2025
Revenues:    
Revenues $ 3,688,500 $ 3,651,300
Cost of Sales:    
Cost of Sales (3,089,700) (3,084,900)
Gross profit 598,800 566,400
Selling, general and administrative expenses (427,000) (380,300)
Asset impairment charges (400) (1,400)
Depreciation and amortization (38,700) (39,700)
Operating income (loss) 132,700 145,000
Other income (expense):    
Interest expense, floor plan (19,400) (20,000)
Interest expense, other, net (28,300) (27,600)
Other income (expense), net 100 0
Total other income (expense) (47,600) (47,600)
Income (loss) from continuing operations before taxes 85,100 97,400
Provision for income taxes for continuing operations - benefit (expense) (24,300) (26,800)
Discontinued operations:    
Net income (loss) $ 60,800 $ 70,600
Basic earnings (loss) per common share:    
Earnings (loss) per common share (usd per share) $ 1.81 $ 2.09
Weighted average common shares outstanding 33,600 33,900
Diluted earnings (loss) per common share:    
Earnings (loss) per common share (usd per share) $ 1.79 $ 2.04
Weighted average common shares outstanding 34,000 34,600
Total vehicles    
Revenues:    
Revenues $ 2,969,500 $ 2,986,100
Cost of Sales:    
Cost of Sales (2,837,700) (2,851,100)
New vehicles    
Revenues:    
Revenues 1,628,100 1,678,400
Cost of Sales:    
Cost of Sales (1,543,200) (1,588,400)
Used vehicles    
Revenues:    
Revenues 1,269,600 1,225,000
Cost of Sales:    
Cost of Sales (1,221,100) (1,178,600)
Wholesale vehicles    
Revenues:    
Revenues 71,800 82,700
Cost of Sales:    
Cost of Sales (73,400) (84,100)
Retail New Vehicles [Member]    
Revenues:    
Revenues 1,607,400 1,656,300
Cost of Sales:    
Cost of Sales (1,522,900) (1,566,900)
Fleet New Vehicles [Member]    
Revenues:    
Revenues 20,700 22,100
Cost of Sales:    
Cost of Sales (20,300) (21,500)
Parts, service and collision repair    
Revenues:    
Revenues 516,600 474,400
Cost of Sales:    
Cost of Sales (252,000) (233,800)
Finance, insurance and other, net    
Revenues:    
Revenues $ 202,400 $ 190,800