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Unaudited Condensed Consolidated Income Statements - USD ($)
shares in Millions, $ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2015
Jun. 30, 2014
Jun. 30, 2015
Jun. 30, 2014
TOTAL REVENUE $ 5,224.3 $ 4,788.5 $ 10,168.5 $ 9,152.0
TOTAL COST OF SALES (excluding depreciation shown below) 4,405.2 4,043.6 8,549.5 7,699.7
TOTAL GROSS PROFIT 819.1 744.9 1,619.0 1,452.3
Selling, general, and administrative expenses 568.7 524.6 1,126.3 1,025.3
Depreciation and amortization 32.1 26.2 60.8 51.8
Other income, net (3.8) (3.7) (5.1) (11.7)
OPERATING INCOME 222.1 197.8 437.0 386.9
Non-operating income (expense) items:        
Floorplan interest expense (14.2) (13.3) (27.4) (26.5)
Other interest expense (21.6) (21.3) (43.0) (42.9)
Interest income 0.0 0.1 0.1 0.1
Other income, net 0.5 0.9 1.6 2.4
INCOME FROM CONTINUING OPERATIONS BEFORE INCOME TAXES 186.8 164.2 368.3 320.0
Income tax provision 71.6 63.5 141.4 123.8
NET INCOME FROM CONTINUING OPERATIONS 115.2 100.7 226.9 196.2
Loss from discontinued operations, net of income taxes (0.1) (0.3) (0.3) (0.7)
NET INCOME $ 115.1 $ 100.4 $ 226.6 $ 195.5
BASIC EARNINGS (LOSS) PER SHARE:        
Continuing operations (in dollars per share) $ 1.01 $ 0.85 $ 2.00 $ 1.64
Discontinued operations (in dollars per share) 0.00 0.00 0.00 (0.01)
Net income (in dollars per share) $ 1.01 $ 0.84 $ 1.99 $ 1.64
Weighted average common shares outstanding (in shares) 113.8 119.1 113.7 119.3
DILUTED EARNINGS (LOSS) PER SHARE:        
Continuing operations (in dollars per share) $ 1.00 $ 0.83 $ 1.97 $ 1.62
Discontinued operations (in dollars per share) 0.00 0.00 0.00 (0.01)
Net income (in dollars per share) $ 1.00 $ 0.83 $ 1.97 $ 1.61
Weighted average common shares outstanding (in shares) 115.1 120.8 115.1 121.1
COMMON SHARES OUTSTANDING, net of treasury stock, at period end (in shares) 113.4 118.5 113.4 118.5
New Vehicle [Member]        
TOTAL REVENUE $ 2,967.8 $ 2,736.9 $ 5,737.4 $ 5,165.5
TOTAL COST OF SALES (excluding depreciation shown below) 2,801.7 2,575.3 5,409.8 4,858.0
TOTAL GROSS PROFIT 166.1 161.6 327.6 307.5
Used Vehicle [Member]        
TOTAL REVENUE 1,216.3 1,082.3 2,409.5 2,132.0
TOTAL COST OF SALES (excluding depreciation shown below) 1,125.2 993.0 2,214.7 1,948.4
TOTAL GROSS PROFIT 91.1 89.3 194.8 183.6
Parts and Service [Member]        
TOTAL REVENUE 777.8 704.8 1,521.2 1,375.8
TOTAL COST OF SALES (excluding depreciation shown below) 440.6 404.0 864.0 788.3
TOTAL GROSS PROFIT 337.2 300.8 657.2 587.5
Finance and Insurance, Net [Member]        
TOTAL REVENUE 217.7 185.4 425.3 357.8
TOTAL GROSS PROFIT 217.7 185.4 425.3 357.8
Other Goods and Services [Member]        
TOTAL REVENUE 44.7 79.1 75.1 120.9
TOTAL COST OF SALES (excluding depreciation shown below) 37.7 71.3 61.0 105.0
TOTAL GROSS PROFIT $ 7.0 $ 7.8 $ 14.1 $ 15.9