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Consolidated Statements of Income - USD ($)
shares in Millions, $ in Millions
12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
Revenue:      
TOTAL REVENUE $ 26,948.9 $ 26,985.0 $ 25,844.0
Cost of Sales:      
TOTAL COST OF SALES 21,817.4 21,719.7 20,891.4
Gross Profit:      
TOTAL GROSS PROFIT 5,131.5 5,265.3 4,952.6
Selling, general, and administrative expenses 3,253.2 3,026.1 2,876.2
Depreciation and amortization 220.5 200.3 193.3
Other (income) expense, net 5.9 14.4 (19.7)
OPERATING INCOME 1,651.9 2,024.5 1,902.8
Non-operating income (expense) items:      
Floorplan interest expense (144.7) (41.4) (25.7)
Other interest expense (181.4) (134.9) (93.0)
Other income (loss), net 24.4 (14.7) 24.3
INCOME FROM CONTINUING OPERATIONS BEFORE INCOME TAXES 1,350.2 1,833.5 1,808.4
Income tax provision 330.0 455.8 435.1
NET INCOME FROM CONTINUING OPERATIONS 1,020.2 1,377.7 1,373.3
Income (loss) from discontinued operations, net of income taxes 0.9 (0.3) (0.3)
NET INCOME $ 1,021.1 $ 1,377.4 $ 1,373.0
BASIC EARNINGS (LOSS) PER SHARE:      
Continuing operations (in dollars per share) [1] $ 22.87 $ 24.47 $ 18.51
Discontinued operations (in dollars per share) [1] 0.02 (0.01) 0
Net income (in dollars per share) [1] $ 22.89 $ 24.47 $ 18.50
Weighted average common shares outstanding, basic (in shares) 44.6 56.3 74.2
DILUTED EARNINGS (LOSS) PER SHARE:      
Continuing operations (in dollars per share) [1] $ 22.72 $ 24.30 $ 18.31
Discontinued operations (in dollars per share) [1] 0.02 (0.01) 0
Net income (in dollars per share) [1] $ 22.74 $ 24.29 $ 18.31
Weighted average common shares outstanding (in shares) 44.9 56.7 75.0
COMMON SHARES OUTSTANDING, net of treasury stock, at period end (in shares) 41.6 47.6 62.6
New Vehicle [Member]      
Revenue:      
TOTAL REVENUE $ 12,767.4 $ 11,754.4 $ 12,081.7
Cost of Sales:      
TOTAL COST OF SALES 11,705.6 10,387.8 10,880.1
Gross Profit:      
TOTAL GROSS PROFIT 1,061.8 1,366.6 1,201.6
Used Vehicle [Member]      
Revenue:      
TOTAL REVENUE 8,198.5 9,661.8 8,638.8
Cost of Sales:      
TOTAL COST OF SALES 7,690.5 9,108.7 7,950.7
Gross Profit:      
TOTAL GROSS PROFIT 508.0 553.1 688.1
Parts and Service [Member]      
Revenue:      
TOTAL REVENUE 4,533.7 4,100.6 3,706.6
Cost of Sales:      
TOTAL COST OF SALES 2,394.4 2,200.3 2,033.9
Gross Profit:      
TOTAL GROSS PROFIT 2,139.3 1,900.3 1,672.7
Finance and Insurance, Net [Member]      
Revenue:      
TOTAL REVENUE 1,418.8 1,437.3 1,384.5
Gross Profit:      
TOTAL GROSS PROFIT 1,418.8 1,437.3 1,384.5
Product and Service, Other [Member]      
Revenue:      
TOTAL REVENUE 30.5 30.9 32.4
Cost of Sales:      
TOTAL COST OF SALES 26.9 22.9 26.7
Gross Profit:      
TOTAL GROSS PROFIT $ 3.6 $ 8.0 $ 5.7
[1]
(1) EPS amounts are calculated discretely and, therefore, may not add up to the total due to rounding.