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Unaudited Condensed Consolidated Income Statements (USD $)
In Millions, except Per Share data, unless otherwise specified
3 Months Ended 6 Months Ended
Jun. 30, 2014
Jun. 30, 2013
Jun. 30, 2014
Jun. 30, 2013
TOTAL REVENUE $ 4,788.5 $ 4,426.5 $ 9,152.0 $ 8,522.9
TOTAL COST OF SALES (excluding depreciation shown below) 4,043.6 3,730.4 7,699.7 7,162.8
TOTAL GROSS PROFIT 744.9 696.1 1,452.3 1,360.1
Selling, general, and administrative expenses 524.6 494.1 1,025.3 967.4
Depreciation and amortization 26.2 23.3 51.8 46.0
Other income, net (3.7) (2.2) (11.7) (3.6)
OPERATING INCOME 197.8 180.9 386.9 350.3
Non-operating income (expense) items:        
Floorplan interest expense (13.3) (13.6) (26.5) (26.5)
Other interest expense (21.3) (22.0) (42.9) (44.3)
Interest income 0.1 0 0.1 0.1
Other income, net 0.9 1.3 2.4 2.9
INCOME FROM CONTINUING OPERATIONS BEFORE INCOME TAXES 164.2 146.6 320.0 282.5
Income tax provision 63.5 56.5 123.8 109.2
NET INCOME FROM CONTINUING OPERATIONS 100.7 90.1 196.2 173.3
Loss from discontinued operations, net of income taxes (0.3) (0.2) (0.7) (0.4)
NET INCOME 100.4 89.9 195.5 172.9
BASIC EARNINGS (LOSS) PER SHARE:        
Continuing operations $ 0.85 $ 0.74 $ 1.64 $ 1.43
Discontinued operations $ 0.00 $ 0.00 $ (0.01) $ 0.00
Net income $ 0.84 $ 0.74 $ 1.64 $ 1.43
Weighted average common shares outstanding 119.1 121.4 119.3 121.2
DILUTED EARNINGS (LOSS) PER SHARE:        
Continuing operations $ 0.83 $ 0.73 $ 1.62 $ 1.41
Discontinued operations $ 0.00 $ 0.00 $ (0.01) $ 0.00
Net income $ 0.83 $ 0.73 $ 1.61 $ 1.40
Weighted average common shares outstanding 120.8 123.3 121.1 123.2
COMMON SHARES OUTSTANDING, net of treasury stock, at period end 118.5 121.3 118.5 121.3
New Vehicle [Member]
       
TOTAL REVENUE 2,736.9 2,493.6 5,165.5 4,751.3
TOTAL COST OF SALES (excluding depreciation shown below) 2,575.3 2,344.4 4,858.0 4,460.4
TOTAL GROSS PROFIT 161.6 149.2 307.5 290.9
Used Vehicle [Member]
       
TOTAL REVENUE 1,082.3 1,056.5 2,132.0 2,066.2
TOTAL COST OF SALES (excluding depreciation shown below) 993.0 972.4 1,948.4 1,896.1
TOTAL GROSS PROFIT 89.3 84.1 183.6 170.1
Parts and Service [Member]
       
TOTAL REVENUE 704.8 655.9 1,375.8 1,292.5
TOTAL COST OF SALES (excluding depreciation shown below) 404.0 375.7 788.3 740.0
TOTAL GROSS PROFIT 300.8 280.2 587.5 552.5
Finance and Insurance, Net [Member]
       
TOTAL REVENUE 185.4 173.9 357.8 329.5
TOTAL GROSS PROFIT 185.4 173.9 357.8 329.5
Other Goods and Services [Member]
       
TOTAL REVENUE 79.1 46.6 120.9 83.4
TOTAL COST OF SALES (excluding depreciation shown below) 71.3 37.9 105.0 66.3
TOTAL GROSS PROFIT $ 7.8 $ 8.7 $ 15.9 $ 17.1