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Unaudited Condensed Consolidated Income Statements - USD ($)
shares in Millions, $ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2015
Sep. 30, 2014
Sep. 30, 2015
Sep. 30, 2014
TOTAL REVENUE $ 5,353.7 $ 4,909.0 $ 15,522.2 $ 14,061.0
TOTAL COST OF SALES (excluding depreciation shown below) 4,523.4 4,156.1 13,072.9 11,855.8
TOTAL GROSS PROFIT 830.3 752.9 2,449.3 2,205.2
Selling, general, and administrative expenses 568.7 522.3 1,695.0 1,547.6
Depreciation and amortization 32.9 27.2 93.7 79.0
Other income, net (7.0) (4.0) (12.1) (15.7)
OPERATING INCOME 235.7 207.4 672.7 594.3
Non-operating income (expense) items:        
Floorplan interest expense (14.7) (13.1) (42.1) (39.6)
Other interest expense (21.4) (21.7) (64.4) (64.6)
Interest income 0.0 0.1 0.1 0.2
Other income (loss), net (4.3) 1.1 (2.7) 3.5
INCOME FROM CONTINUING OPERATIONS BEFORE INCOME TAXES 195.3 173.8 563.6 493.8
Income tax provision 76.3 67.1 217.7 190.9
NET INCOME FROM CONTINUING OPERATIONS 119.0 106.7 345.9 302.9
Loss from discontinued operations, net of income taxes (0.5) (0.2) (0.8) (0.9)
NET INCOME $ 118.5 $ 106.5 $ 345.1 $ 302.0
BASIC EARNINGS (LOSS) PER SHARE:        
Continuing operations (in dollars per share) $ 1.06 $ 0.91 $ 3.05 $ 2.56
Discontinued operations (in dollars per share) 0.00 0.00 (0.01) (0.01)
Net income (in dollars per share) $ 1.05 $ 0.91 $ 3.05 $ 2.55
Weighted average common shares outstanding (in shares) 112.4 117.0 113.3 118.5
DILUTED EARNINGS (LOSS) PER SHARE:        
Continuing operations (in dollars per share) $ 1.05 $ 0.90 $ 3.02 $ 2.52
Discontinued operations (in dollars per share) 0.00 0.00 (0.01) (0.01)
Net income (in dollars per share) $ 1.04 $ 0.90 $ 3.01 $ 2.51
Weighted average common shares outstanding (in shares) 113.6 118.5 114.6 120.2
COMMON SHARES OUTSTANDING, net of treasury stock, at period end (in shares) 111.0 114.5 111.0 114.5
New Vehicle [Member]        
TOTAL REVENUE $ 3,113.6 $ 2,823.6 $ 8,851.0 $ 7,989.1
TOTAL COST OF SALES (excluding depreciation shown below) 2,942.8 2,666.5 8,352.6 7,524.5
TOTAL GROSS PROFIT 170.8 157.1 498.4 464.6
Used Vehicle [Member]        
TOTAL REVENUE 1,205.4 1,148.5 3,614.9 3,280.5
TOTAL COST OF SALES (excluding depreciation shown below) 1,122.2 1,060.1 3,336.9 3,008.5
TOTAL GROSS PROFIT 83.2 88.4 278.0 272.0
Parts and Service [Member]        
TOTAL REVENUE 783.3 717.4 2,304.5 2,093.2
TOTAL COST OF SALES (excluding depreciation shown below) 441.1 413.7 1,305.1 1,202.0
TOTAL GROSS PROFIT 342.2 303.7 999.4 891.2
Finance and Insurance, Net [Member]        
TOTAL REVENUE 227.1 196.5 652.4 554.3
TOTAL GROSS PROFIT 227.1 196.5 652.4 554.3
Other Goods and Services [Member]        
TOTAL REVENUE 24.3 23.0 99.4 143.9
TOTAL COST OF SALES (excluding depreciation shown below) 17.3 15.8 78.3 120.8
TOTAL GROSS PROFIT $ 7.0 $ 7.2 $ 21.1 $ 23.1