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Unaudited Condensed Consolidated Statements Of Operations - USD ($)
shares in Millions, $ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Sep. 30, 2022
Sep. 30, 2021
TOTAL REVENUE $ 6,666.0 $ 6,379.5 $ 20,288.0 $ 19,261.7
TOTAL COST OF SALES (excluding depreciation shown below) 5,353.2 5,107.6 16,304.6 15,630.7
TOTAL GROSS PROFIT 1,312.8 1,271.9 3,983.4 3,631.0
Selling, general, and administrative expenses 763.2 723.7 2,259.4 2,120.5
Depreciation and amortization 50.1 47.6 148.9 143.4
Other income, net (23.0) (2.7) (24.5) (3.3)
OPERATING INCOME 522.5 503.3 1,599.6 1,370.4
Non-operating income (expense) items:        
Floorplan interest expense (10.7) (4.9) (21.7) (20.9)
Other interest expense (33.7) (24.1) (97.4) (66.2)
Other income (loss), net (4.6) (0.8) (24.7) 19.1
INCOME FROM CONTINUING OPERATIONS BEFORE INCOME TAXES 473.5 473.5 1,455.8 1,302.4
Income tax provision 120.8 111.8 364.5 316.3
NET INCOME FROM CONTINUING OPERATIONS 352.7 361.7 1,091.3 986.1
Loss from discontinued operations, net of income taxes (0.1) 0.0 (0.3) (0.2)
NET INCOME $ 352.6 $ 361.7 $ 1,091.0 $ 985.9
BASIC EARNINGS (LOSS) PER SHARE:        
Continuing operations (in dollars per share) [1] $ 6.35 $ 5.17 $ 18.65 $ 12.76
Discontinued operations (in dollars per share) [1] 0 0 (0.01) 0
Net income (in dollars per share) [1] $ 6.35 $ 5.17 $ 18.65 $ 12.75
Weighted average common shares outstanding (in shares) 55.5 69.9 58.5 77.3
DILUTED EARNINGS (LOSS) PER SHARE:        
Continuing operations (in dollars per share) [1] $ 6.31 $ 5.12 $ 18.53 $ 12.63
Discontinued operations (in dollars per share) [1] 0 0 (0.01) 0
Net income (in dollars per share) [1] $ 6.31 $ 5.12 $ 18.52 $ 12.62
Weighted average common shares outstanding (in shares) 55.9 70.7 58.9 78.1
COMMON SHARES OUTSTANDING, net of treasury stock, at period end (in shares) 52.3 65.5 52.3 65.5
New vehicle        
TOTAL REVENUE $ 2,863.9 $ 2,753.8 $ 8,606.9 $ 9,164.4
TOTAL COST OF SALES (excluding depreciation shown below) 2,534.2 2,434.2 7,578.7 8,334.3
TOTAL GROSS PROFIT 329.7 319.6 1,028.2 830.1
Used vehicle        
TOTAL REVENUE 2,401.7 2,323.2 7,494.5 6,295.2
TOTAL COST OF SALES (excluding depreciation shown below) 2,259.7 2,146.2 7,059.4 5,775.3
TOTAL GROSS PROFIT 142.0 177.0 435.1 519.9
Parts and service        
TOTAL REVENUE 1,032.1 943.7 3,072.3 2,745.5
TOTAL COST OF SALES (excluding depreciation shown below) 553.5 518.9 1,650.9 1,499.2
TOTAL GROSS PROFIT 478.6 424.8 1,421.4 1,246.3
Finance and insurance, net        
TOTAL REVENUE 360.7 348.9 1,092.2 1,030.9
TOTAL GROSS PROFIT 360.7 348.9 1,092.2 1,030.9
Other        
TOTAL REVENUE 7.6 9.9 22.1 25.7
TOTAL COST OF SALES (excluding depreciation shown below) 5.8 8.3 15.6 21.9
TOTAL GROSS PROFIT $ 1.8 $ 1.6 $ 6.5 $ 3.8
[1] (1) EPS amounts are calculated discretely and, therefore, may not add up to the total due to rounding.