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CONDENSED CONSOLIDATED STATEMENTS OF INCOME (USD $)
In Millions, except Per Share data, unless otherwise specified
3 Months Ended 9 Months Ended
Sep. 30, 2014
Sep. 30, 2013
Sep. 30, 2014
Sep. 30, 2013
REVENUES:        
New vehicle $ 821.3 $ 759.9 $ 2,378.8 $ 2,167.9
Used vehicle 457.0 421.7 1,319.2 1,183.5
Parts and service 168.3 154.0 495.9 455.5
Finance and insurance, net 59.0 54.7 170.8 154.1
Total revenues 1,505.6 1,390.3 4,364.7 3,961.0
COST OF SALES:        
New vehicle 772.1 713.4 2,232.4 2,035.6
Used vehicle 425.8 391.2 1,220.6 1,090.8
Parts and service 63.1 60.4 189.1 180.7
Total cost of sales 1,261.0 1,165.0 3,642.1 3,307.1
GROSS PROFIT 244.6 225.3 722.6 653.9
OPERATING EXPENSES:        
Selling, general and administrative 171.5 159.2 500.5 460.8
Depreciation and amortization 6.7 6.2 19.4 18.0
Other operating expense, net 0.3 1.9 0.2 7.1
Income from operations 66.1 58.0 202.5 168.0
OTHER EXPENSES:        
Floor plan interest expense (3.0) (2.9) (9.3) (9.1)
Other interest expense, net (9.6) (11.1) (28.2) (29.8)
Swap interest expense (0.5) (0.1) (1.5) (2.2)
Loss on extinguishment of long-term debt 0 (6.8) 0 (6.8)
Total other expenses, net (13.1) (20.9) (39.0) (47.9)
Income before income taxes 53.0 37.1 163.5 120.1
INCOME TAX EXPENSE 20.6 14.3 63.4 46.2
INCOME FROM CONTINUING OPERATIONS 32.4 22.8 100.1 73.9
DISCONTINUED OPERATIONS, net of tax 0.1 (0.1) (0.3) 8.3
NET INCOME $ 32.5 $ 22.7 $ 99.8 $ 82.2
Basic—        
Continuing operations (in dollars per share) $ 1.09 $ 0.74 $ 3.31 $ 2.40
Discontinued operations (in dollars per share) $ 0.00 $ 0.00 $ (0.01) $ 0.27
Net income (in dollars per share) $ 1.09 $ 0.74 $ 3.30 $ 2.67
Diluted—        
Continuing operations (in dollars per share) $ 1.08 $ 0.73 $ 3.29 $ 2.38
Discontinued operations (in dollars per share) $ 0.00 $ 0.00 $ (0.01) $ 0.26
Net income (in dollars per share) $ 1.08 $ 0.73 $ 3.28 $ 2.64
WEIGHTED AVERAGE COMMON SHARES OUTSTANDING:        
Basic (in shares) 29.8 30.7 30.2 30.8
Restricted stock (in shares) 0.1 0.2 0.1 0.2
Performance share units (in shares) 0.1 0.2 0.1 0.1
Diluted (in shares) 30.0 31.1 30.4 31.1