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Condensed Consolidated Statements of Operations - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2020
Mar. 31, 2019
REVENUES $ 2,690.8 $ 2,808.4
COST OF SALES 2,274.3 2,376.9
GROSS PROFIT 416.5 431.5
Selling, general and administrative expenses 328.0 327.7
Depreciation and amortization expense 18.6 17.0
INCOME (LOSS) FROM OPERATIONS 69.9 86.8
INTEREST EXPENSE:    
Floorplan interest expense 12.9 15.7
Other interest expense, net 18.1 18.9
INCOME (LOSS) BEFORE INCOME TAXES 38.9 52.2
(Benefit) provision for income taxes 9.1 13.5
NET INCOME (LOSS) $ 29.8 $ 38.6
BASIC EARNINGS (LOSS) PER SHARE (in dollars per share) $ 1.62 $ 2.09
Weighted average common shares outstanding (in shares) 17,763,451 17,797,318
DILUTED EARNINGS (LOSS) PER SHARE (in dollars per share) $ 1.61 $ 2.08
Weighted average dilutive common shares outstanding (in shares) 17,808,261 17,849,334
New vehicle retail sales    
REVENUES $ 1,342.2 $ 1,414.5
COST OF SALES 1,279.4 1,343.1
Used vehicle retail sales    
REVENUES 779.0 819.2
COST OF SALES 736.9 771.4
Used vehicle wholesale sales    
REVENUES 86.5 92.1
COST OF SALES 85.5 91.7
Parts and service sales    
REVENUES 370.6 369.2
COST OF SALES 172.6 170.7
Finance, insurance and other, net    
REVENUES $ 112.5 $ 113.4