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CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Dec. 31, 2019
REVENUES $ 13,481.9 $ 10,600.2 $ 11,597.9
COST OF SALES 11,041.2 8,866.1 9,835.5
GROSS PROFIT 2,440.7 1,734.1 1,762.4
Selling, general and administrative expenses 1,477.2 1,138.2 1,312.4
Depreciation and amortization expense 77.4 73.5 70.0
Asset impairments 1.7 26.7 21.7
INCOME FROM OPERATIONS 884.4 495.7 358.3
INTEREST EXPENSE:      
Floorplan interest expense 27.6 39.2 60.9
Other interest expense, net 55.8 61.9 74.8
Loss on extinguishment of debt 0.0 13.7 0.0
INCOME BEFORE INCOME TAXES 800.9 380.8 222.7
Provision for income taxes 175.5 84.2 53.7
Net income from continuing operations 625.4 296.7 169.0
Income (Loss) from Discontinued Operations, Net of Tax, Attributable to Parent (73.3) (10.2) 5.0
NET INCOME $ 552.1 $ 286.5 $ 174.0
BASIC EARNINGS PER SHARE:      
Basic earnings per share continuing operations (in dollars per shares) $ 34.23 $ 16.11 $ 9.08
Basic earnings per share discontinuing operations (in dollars per shares) (4.01) (0.55) 0.27
Basic earnings per share (in dollars per shares) 30.22 15.55 9.35
DILUTED EARNINGS PER SHARE:      
Diluted earnings per share continuing operations (in dollars per shares) 34.11 16.06 9.07
Diluted earnings per share discontinuing operations (in dollars per shares) (4.00) (0.55) 0.27
Diluted earnings per share (in dollars per shares) $ 30.11 $ 15.51 $ 9.34
WEIGHTED AVERAGE COMMON SHARES OUTSTANDING:      
Weighted average common shares outstanding basic (in shares) 17,655,365 17,754,666 17,917,195
Weighted average common shares outstanding diluted (in shares) 17,722,212 17,806,578 17,936,075
New vehicle retail sales      
REVENUES $ 6,504.8 $ 5,428.4 $ 6,027.3
COST OF SALES 5,894.0 5,109.1 5,744.2
Used vehicle retail sales      
REVENUES 4,438.8 3,055.6 3,281.2
COST OF SALES 4,084.6 2,850.7 3,085.8
Used vehicle wholesale sales      
REVENUES 365.7 295.8 336.8
COST OF SALES 340.9 285.6 337.0
Parts and service sales      
REVENUES 1,591.2 1,357.4 1,462.4
COST OF SALES 721.8 620.8 668.4
Finance, insurance and other, net      
REVENUES $ 581.4 $ 463.0 $ 490.2