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, 2026
Sep. 30, 2025
Sep. 30, 2026
Sep. 30, 2025
Revenues:        
Revenues $ 3,988,800 $ 3,973,800 $ 11,611,300 $ 11,282,300
Cost of Sales:        
Cost of Sales (3,371,300) (3,358,300) (9,778,900) (9,498,100)
Gross profit 617,500 615,500 1,832,400 1,784,200
Selling, general and administrative expenses (466,800) (451,600) (1,338,400) (1,244,500)
Asset impairment charges 0 0 (400) (173,800)
Depreciation and amortization (38,300) (41,200) (116,900) (121,600)
Operating income (loss) 112,400 122,700 376,700 244,300
Other income (expense):        
Interest expense, floor plan (24,400) (23,900) (64,700) (62,200)
Interest expense, other, net (30,600) (27,500) (89,200) (82,500)
Other income (expense), net 100 (100) 100 0
Total other income (expense) (54,900) (51,500) (153,800) (144,700)
Income (loss) from continuing operations before taxes 57,500 71,200 222,900 99,600
Provision for income taxes for continuing operations - benefit (expense) (16,400) (24,400) (63,500) (27,800)
Discontinued operations:        
Net income (loss) $ 41,100 $ 46,800 $ 159,400 $ 71,800
Basic earnings (loss) per common share:        
Earnings (loss) per common share (usd per share) $ 1.30 $ 1.37 $ 4.94 $ 2.11
Weighted average common shares outstanding 31,600 34,200 32,300 34,000
Diluted earnings (loss) per common share:        
Earnings (loss) per common share (usd per share) $ 1.28 $ 1.33 $ 4.87 $ 2.06
Weighted average common shares outstanding 32,200 35,100 32,800 34,800
Total vehicles        
Revenues:        
Revenues $ 3,243,300 $ 3,236,100 $ 9,407,100 $ 9,181,900
Cost of Sales:        
Cost of Sales (3,107,200) (3,096,800) (9,004,000) (8,761,200)
New vehicles        
Revenues:        
Revenues 1,782,000 1,898,800 5,204,200 5,272,600
Cost of Sales:        
Cost of Sales (1,688,100) (1,801,400) (4,933,500) (4,985,500)
Used vehicles        
Revenues:        
Revenues 1,381,200 1,253,100 3,980,500 3,658,800
Cost of Sales:        
Cost of Sales (1,333,300) (1,207,900) (3,837,600) (3,519,100)
Wholesale vehicles        
Revenues:        
Revenues 80,100 84,200 222,400 250,500
Cost of Sales:        
Cost of Sales (85,800) (87,500) (232,900) (256,600)
Retail New Vehicles [Member]        
Revenues:        
Revenues 1,761,600 1,872,800 5,138,400 5,195,200
Cost of Sales:        
Cost of Sales (1,668,300) (1,775,400) (4,869,300) (4,909,200)
Fleet New Vehicles [Member]        
Revenues:        
Revenues 20,400 26,000 65,800 77,400
Cost of Sales:        
Cost of Sales (19,800) (26,000) (64,200) (76,300)
Parts, service and collision repair        
Revenues:        
Revenues 543,300 533,900 1,590,100 1,503,800
Cost of Sales:        
Cost of Sales (264,100) (261,500) (774,900) (736,900)
Finance, insurance and other, net        
Revenues:        
Revenues $ 202,200 $ 203,800 $ 614,100 $ 596,600