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Consolidated Statement of Operations (Unaudited) (USD $)
In Thousands, except Per Share data, unless otherwise specified
3 Months Ended
Mar. 31, 2012
Mar. 31, 2011
REVENUES:    
New vehicle retail sales $ 912,595 $ 784,714
Used vehicle retail sales 414,974 323,447
Used vehicle wholesale sales 66,857 61,951
Parts and service sales 213,101 194,950
Finance, insurance and other, net 57,218 44,240
Total revenues 1,664,745 1,409,302
COST OF SALES:    
New vehicle retail sales 859,775 741,942
Used vehicle retail sales 378,577 294,547
Used vehicle wholesale sales 64,153 59,457
Parts and service sales 101,816 91,581
Total cost of sales 1,404,321 1,187,527
GROSS PROFIT 260,424 221,775
SELLING, GENERAL AND ADMINISTRATIVE EXPENSES 199,112 175,884
DEPRECIATION AND AMORTIZATION EXPENSE 7,236 6,455
ASSET IMPAIRMENTS 101 222
INCOME FROM OPERATIONS 53,975 39,214
OTHER EXPENSE:    
Floorplan interest expense (7,619) (6,760)
Other interest expense, net (9,040) (7,942)
INCOME BEFORE INCOME TAXES 37,316 24,512
PROVISION FOR INCOME TAXES (14,199) (9,150)
NET INCOME $ 23,117 $ 15,362
BASIC EARNINGS PER SHARE $ 1.01 $ 0.64
Weighted average common shares outstanding 21,629 22,582
DILUTED EARNINGS PER SHARE $ 0.97 $ 0.64
Weighted average common shares outstanding 22,532 22,736
CASH DIVIDENDS PER COMMON SHARE $ 0.14 $ 0.11