Quarterly report [Sections 13 or 15(d)]

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited)

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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
$ in Thousands
 3 Months Ended
Mar. 31, 2026
Mar. 31, 2025
CASH FLOWS FROM OPERATING ACTIVITIES    
Net income (loss) $ 60,800 $ 70,600
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:    
Depreciation and amortization of property and equipment 32,900 34,400
Debt issuance cost amortization 1,700 1,600
Stock-based compensation expense 5,100 5,900
Deferred income taxes (3,500) (3,600)
Asset impairment charges 400 1,400
Loss (gain) on disposal of dealerships and property and equipment (1,100) 1,200
Other 200 100
Loss (gain) on exit of leased dealerships (3,600) 200
Changes in assets and liabilities that relate to operations:    
Receivables 53,500 (18,300)
Inventories (126,600) 81,100
Other assets (15,000) 3,500
Notes payable - floor plan - trade 8,800 (9,000)
Trade accounts payable and other liabilities 18,300 26,900
Total adjustments (25,300) 125,200
Net cash provided by (used in) operating activities 35,500 195,800
CASH FLOWS FROM INVESTING ACTIVITIES:    
Purchases of land, property and equipment (37,000) (45,000)
Proceeds from sales of property and equipment 18,500 9,500
Proceeds from sales of dealerships 40,200 0
Net cash provided by (used in) investing activities 21,700 (35,500)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Net (repayments) borrowings on notes payable - floor plan - non-trade 16,900 (70,900)
Borrowings on revolving credit facilities 2,000 10,200
Repayments on revolving credit facilities (2,000) (10,200)
Proceeds from issuance of long-term debt 150,000 0
Debt issuance costs 1,200 (800)
Principal payments and repurchase of long-term debt (38,300) (18,400)
Purchases of treasury stock (135,700) (35,300)
Finance Lease, Principal Payments 2,900 2,500
Issuance of shares under stock compensation plans 0 100
Dividends paid (12,800) (11,900)
Net cash provided by (used in) financing activities (57,800) (139,700)
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS (600) 20,600
CASH AND CASH EQUIVALENTS, BEGINNING OF YEAR 6,300 44,000
CASH AND CASH EQUIVALENTS, END OF PERIOD 5,700 64,600
Cash paid (received) during the period for:    
Interest, including amount capitalized 33,500 33,900
Income taxes $ 0 $ 700