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Unaudited Condensed Consolidated Income Statements (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
TOTAL REVENUE $ 4,909.0 $ 4,470.8 $ 14,061.0 $ 12,993.7
TOTAL COST OF SALES (excluding depreciation shown below) 4,156.1 3,774.2 11,855.8 10,937.0
TOTAL GROSS PROFIT 752.9 696.6 2,205.2 2,056.7
Selling, general, and administrative expenses 522.3 485.1 1,547.6 1,452.5
Depreciation and amortization 27.2 24.1 79.0 70.1
Other expenses (income), net (4.0) 0.2 (15.7) (3.4)
OPERATING INCOME 207.4 187.2 594.3 537.5
Non-operating income (expense) items:        
Floorplan interest expense (13.1) (12.7) (39.6) (39.2)
Other interest expense (21.7) (22.3) (64.6) (66.6)
Interest income 0.1 0.1 0.2 0.2
Other income (loss), net 1.1 (0.7) 3.5 2.2
INCOME FROM CONTINUING OPERATIONS BEFORE INCOME TAXES 173.8 151.6 493.8 434.1
Income tax provision 67.1 58.8 190.9 168.0
NET INCOME FROM CONTINUING OPERATIONS 106.7 92.8 302.9 266.1
Loss from discontinued operations, net of income taxes (0.2) (0.2) (0.9) (0.6)
NET INCOME 106.5 92.6 302.0 265.5
BASIC EARNINGS (LOSS) PER SHARE:        
Continuing operations (in dollars per share) $ 0.91 $ 0.76 $ 2.56 $ 2.19
Discontinued operations (in dollars per share) $ 0.00 $ 0.00 $ (0.01) $ 0.00
Net income (in dollars per share) $ 0.91 $ 0.76 $ 2.55 $ 2.19
Weighted average common shares outstanding (in shares) 117.0 121.5 118.5 121.3
DILUTED EARNINGS (LOSS) PER SHARE:        
Continuing operations (in dollars per share) $ 0.90 $ 0.75 $ 2.52 $ 2.16
Discontinued operations (in dollars per share) $ 0.00 $ 0.00 $ (0.01) $ 0.00
Net income (in dollars per share) $ 0.90 $ 0.75 $ 2.51 $ 2.15
Weighted average common shares outstanding (in shares) 118.5 123.5 120.2 123.3
COMMON SHARES OUTSTANDING, net of treasury stock, at period end (in shares) 114.5 121.8 114.5 121.8
New Vehicle [Member]
       
TOTAL REVENUE 2,823.6 2,561.6 7,989.1 7,312.9
TOTAL COST OF SALES (excluding depreciation shown below) 2,666.5 2,406.2 7,524.5 6,866.6
TOTAL GROSS PROFIT 157.1 155.4 464.6 446.3
Used Vehicle [Member]
       
TOTAL REVENUE 1,148.5 1,044.7 3,280.5 3,110.9
TOTAL COST OF SALES (excluding depreciation shown below) 1,060.1 964.2 3,008.5 2,860.3
TOTAL GROSS PROFIT 88.4 80.5 272.0 250.6
Parts and Service [Member]
       
TOTAL REVENUE 717.4 653.8 2,093.2 1,946.3
TOTAL COST OF SALES (excluding depreciation shown below) 413.7 376.7 1,202.0 1,116.7
TOTAL GROSS PROFIT 303.7 277.1 891.2 829.6
Finance and Insurance, Net [Member]
       
TOTAL REVENUE 196.5 174.9 554.3 504.4
TOTAL GROSS PROFIT 196.5 174.9 554.3 504.4
Other Goods and Services [Member]
       
TOTAL REVENUE 23.0 35.8 143.9 119.2
TOTAL COST OF SALES (excluding depreciation shown below) 15.8 27.1 120.8 93.4
TOTAL GROSS PROFIT $ 7.2 $ 8.7 $ 23.1 $ 25.8