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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2024
Mar. 31, 2023
REVENUES $ 4,470.5 $ 4,130.0
COST OF SALES 3,727.9 3,402.1
GROSS PROFIT 742.6 727.9
Selling, general and administrative expenses 476.1 462.8
Depreciation and amortization expense 23.8 22.4
Asset impairments 0.0 1.1
INCOME FROM OPERATIONS 242.6 241.5
Floorplan interest expense 20.5 12.6
Other interest expense, net 29.3 19.7
Other (income) expense, net (0.5) 2.8
INCOME BEFORE INCOME TAXES 193.3 206.4
Provision for income taxes 45.8 47.6
Net income from continuing operations 147.4 158.8
Net income (loss) from discontinued operations 0.5 (0.3)
NET INCOME $ 147.9 $ 158.4
BASIC EARNINGS PER SHARE:    
Basic earnings per share continuing operations (in dollar per shares) $ 10.81 $ 11.16
Basic earnings per share discontinuing operations (in dollar per shares) 0.04 (0.02)
Basic earnings per share (in dollar per shares) 10.84 11.14
DILUTED EARNINGS PER SHARE:    
Diluted earnings per share continuing operations (in dollar per shares) 10.76 11.12
Diluted earnings per share discontinuing operations (in dollar per shares) 0.04 (0.02)
Diluted earnings per common share (in dollar per share) $ 10.80 $ 11.10
WEIGHTED AVERAGE COMMON SHARES OUTSTANDING:    
Weighted average common shares outstanding, Basic (in shares) 13,328,721 13,861,289
Weighted average common shares outstanding, Diluted (in shares) 13,388,769 13,914,727
New vehicle retail sales    
REVENUES $ 2,182.6 $ 1,955.7
COST OF SALES 2,023.1 1,769.0
Used vehicle retail sales    
REVENUES 1,416.8 1,348.9
COST OF SALES 1,334.7 1,272.1
Used vehicle wholesale sales    
REVENUES 106.0 112.0
COST OF SALES 106.9 110.0
Parts and service sales    
REVENUES 576.2 548.3
COST OF SALES 263.2 251.0
Finance, insurance and other, net    
REVENUES $ 188.9 $ 165.1