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Consolidated Statements of Operations - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended
Mar. 31, 2019
Mar. 31, 2018
REVENUES $ 2,808,376 $ 2,860,026
COST OF SALES 2,376,873 2,440,263
GROSS PROFIT 431,503 419,763
Selling, general and administrative expenses 327,708 324,347
Depreciation and amortization expense 16,997 16,342
INCOME (LOSS) FROM OPERATIONS 86,798 79,074
OTHER INCOME (EXPENSE):    
Floorplan interest expense (15,703) (14,087)
Other interest expense, net (18,919) (18,820)
INCOME (LOSS) BEFORE INCOME TAXES 52,176 46,167
Benefit (provision) for income taxes (13,528) (10,353)
NET INCOME (LOSS) $ 38,648 $ 35,814
BASIC EARNINGS (LOSS) PER SHARE $ 2.09 $ 1.70
Weighted average common shares outstanding (in shares) 17,797 20,298
DILUTED EARNINGS (LOSS) PER SHARE $ 2.08 $ 1.70
Weighted average common shares outstanding (in shares) 17,849 20,307
New vehicle retail sales    
REVENUES $ 1,414,485 $ 1,513,590
COST OF SALES 1,343,094 1,438,163
Used vehicle retail sales    
REVENUES 819,203 780,570
COST OF SALES 771,394 737,075
Used vehicle wholesale sales    
REVENUES 92,138 104,029
COST OF SALES 91,687 102,374
Parts and service sales    
REVENUES 369,174 349,515
COST OF SALES 170,698 162,651
Finance, insurance and other, net    
REVENUES $ 113,376 $ 112,322