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CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
REVENUES $ 16,222.1 $ 13,481.9 $ 10,600.2
COST OF SALES 13,256.9 11,041.2 8,866.1
GROSS PROFIT 2,965.2 2,440.7 1,734.1
Selling, general and administrative expenses 1,783.3 1,477.2 1,138.2
Depreciation and amortization expense 88.4 77.4 73.5
Asset impairments 2.1 1.7 26.7
INCOME FROM OPERATIONS 1,091.4 884.4 495.7
INTEREST EXPENSE:      
Floorplan interest expense 27.3 27.6 39.2
Other interest expense, net 77.5 55.8 61.9
Loss on extinguishment of debt 0.0 0.0 13.7
Other expense 1.2 0.0 0.0
INCOME BEFORE INCOME TAXES 985.3 800.9 380.8
Provision for income taxes 231.1 175.5 84.2
Net income from continuing operations 754.2 625.4 296.7
Net loss from discontinued operations (2.7) (73.3) (10.2)
NET INCOME $ 751.5 $ 552.1 $ 286.5
BASIC EARNINGS PER SHARE:      
Basic earnings per share continuing operations (in dollars per shares) $ 47.46 $ 34.23 $ 16.11
Basic earnings per share discontinuing operations (in dollars per shares) (0.17) (4.01) (0.55)
Basic earnings per share (in dollars per shares) 47.29 30.22 15.55
DILUTED EARNINGS PER SHARE:      
Diluted earnings per share continuing operations (in dollars per shares) 47.31 34.11 16.06
Diluted earnings per share discontinuing operations (in dollars per shares) (0.17) (4.00) (0.55)
Diluted earnings per share (in dollars per shares) $ 47.14 $ 30.11 $ 15.51
WEIGHTED AVERAGE COMMON SHARES OUTSTANDING:      
Weighted average common shares outstanding basic (in shares) 15,441,292 17,655,365 17,754,666
Weighted average common shares outstanding diluted (in shares) 15,493,616 17,722,212 17,806,578
New vehicle retail sales      
REVENUES $ 7,452.5 $ 6,504.8 $ 5,428.4
COST OF SALES 6,627.0 5,894.0 5,109.1
Used vehicle retail sales      
REVENUES 5,673.3 4,438.8 3,055.6
COST OF SALES 5,359.6 4,084.6 2,850.7
Used vehicle wholesale sales      
REVENUES 364.6 365.7 295.8
COST OF SALES 364.6 340.9 285.6
Parts and service sales      
REVENUES 2,009.5 1,591.2 1,357.4
COST OF SALES 905.8 721.8 620.8
Finance, insurance and other, net      
REVENUES $ 722.2 $ 581.4 $ 463.0