CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($) $ in Millions	Jun. 30, 2023	Dec. 31, 2022
CURRENT ASSETS:
Cash and cash equivalents	$ 22.8	$ 47.9
Contracts-in-transit and vehicle receivables, net	270.4	278.5
Accounts and notes receivable, net	215.9	199.2
Inventories	1,718.0	1,356.6
Prepaid expenses	28.0	30.5
Other current assets	17.0	19.1
Current assets classified as held for sale	76.8	53.6
TOTAL CURRENT ASSETS	2,348.9	1,985.3
Property and equipment, net of accumulated depreciation of $572.1 and $554.4, respectively	2,225.5	2,128.2
Operating lease assets	236.3	249.1
Goodwill	1,691.0	1,661.8
Intangible franchise rights	739.8	516.3
Other long-term assets	183.1	176.8
TOTAL ASSETS	7,424.6	6,717.5
CURRENT LIABILITIES:
Floorplan notes payable — credit facility and other, net of offset account of $250.0 and $140.2, respectively	843.1	762.1
Floorplan notes payable — manufacturer affiliates, net of offset account of $17.7 and $13.4, respectively	317.4	243.1
Current maturities of long-term debt	75.4	130.3
Current operating lease liabilities	21.2	21.8
Accounts payable	549.0	488.0
Accrued expenses and other current liabilities	301.6	271.5
Current liabilities classified as held for sale	14.6	4.8
TOTAL CURRENT LIABILITIES	2,122.3	1,921.4
Long-term debt	2,174.2	1,952.2
Long-term operating lease liabilities	228.1	238.4
Deferred income taxes	246.8	238.1
Other long-term liabilities	134.4	129.8
Commitments and Contingencies (Note 12)
STOCKHOLDERS’ EQUITY:
Common stock, $0.01 par value, 50,000,000 shares authorized; 25,164,166 and 25,232,620 shares issued, respectively	0.3	0.3
Additional paid-in capital	339.8	338.7
Retained earnings	3,389.7	3,073.6
Accumulated other comprehensive income	40.6	22.5
Treasury stock, at cost; 11,113,291 and 10,940,298 shares, respectively	(1,251.5)	(1,197.5)
TOTAL STOCKHOLDERS’ EQUITY	2,518.9	2,237.5
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY	$ 7,424.6	$ 6,717.5