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Unaudited Condensed Consolidated Income Statements - USD ($)
shares in Millions, $ in Millions
3 Months Ended
Mar. 31, 2020
Mar. 31, 2019
TOTAL REVENUE $ 4,667.0 $ 4,981.8
TOTAL COST OF SALES (excluding depreciation shown below) 3,853.8 4,132.6
TOTAL GROSS PROFIT 813.2 849.2
Selling, general, and administrative expenses 600.7 623.0
Depreciation and amortization 48.1 44.1
Goodwill impairment 318.3 0.0
Franchise rights impairment 57.5 0.0
Other (income) expense, net 7.9 (8.7)
OPERATING INCOME (LOSS) (219.3) 190.8
Non-operating income (expense) items:    
Floorplan interest expense (25.5) (39.0)
Other interest expense (23.5) (27.8)
Interest income 0.1 0.2
Other income (loss), net (3.0) 1.9
INCOME (LOSS) FROM CONTINUING OPERATIONS BEFORE INCOME TAXES (271.2) 126.1
Income tax provision (benefit) (39.0) 34.0
NET INCOME (LOSS) FROM CONTINUING OPERATIONS (232.2) 92.1
Loss from discontinued operations, net of income taxes (0.1) (0.1)
NET INCOME (LOSS) $ (232.3) $ 92.0
BASIC EARNINGS (LOSS) PER SHARE:    
Continuing operations (in dollars per share) [1] $ (2.58) $ 1.02
Discontinued operations (in dollars per share) [1] 0 0
Net income (loss) (in dollars per share) [1] $ (2.58) $ 1.02
Weighted average common shares outstanding (in shares) 90.0 90.5
DILUTED EARNINGS (LOSS) PER SHARE:    
Continuing operations (in dollars per share) [1] $ (2.58) $ 1.02
Discontinued operations (in dollars per share) [1] 0 0
Net income (loss) (in dollars per share) [1] $ (2.58) $ 1.01
Weighted average common shares outstanding (in shares) 90.0 90.7
COMMON SHARES OUTSTANDING, net of treasury stock, at period end (in shares) 87.2 89.2
New Vehicle [Member]    
TOTAL REVENUE $ 2,281.9 $ 2,496.7
TOTAL COST OF SALES (excluding depreciation shown below) 2,185.5 2,374.8
TOTAL GROSS PROFIT 96.4 121.9
Used Vehicle [Member]    
TOTAL REVENUE 1,248.7 1,339.6
TOTAL COST OF SALES (excluding depreciation shown below) 1,157.7 1,249.1
TOTAL GROSS PROFIT 91.0 90.5
Parts and Service [Member]    
TOTAL REVENUE 876.3 876.7
TOTAL COST OF SALES (excluding depreciation shown below) 487.5 477.8
TOTAL GROSS PROFIT 388.8 398.9
Finance and Insurance, Net [Member]    
TOTAL REVENUE 235.8 236.5
TOTAL GROSS PROFIT 235.8 236.5
Product and Service, Other [Member]    
TOTAL REVENUE 24.3 32.3
TOTAL COST OF SALES (excluding depreciation shown below) 23.1 30.9
TOTAL GROSS PROFIT $ 1.2 $ 1.4
[1] Earnings per share amounts are calculated discretely and therefore may not add up to the total due to rounding.