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Consolidated Statements of Operations (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2018
Sep. 30, 2017
Sep. 30, 2018
Sep. 30, 2017
Revenues:        
Total revenues $ 3,091,952 $ 2,680,342 $ 8,848,168 $ 7,383,479
Cost of sales:        
Total cost of sales 2,625,713 2,277,321 7,513,091 6,263,535
Gross profit 466,239 403,021 1,335,077 1,119,944
Selling, general and administrative 309,024 282,241 939,868 782,303
Depreciation and amortization 19,649 14,828 55,324 41,598
Operating income 137,566 105,952 339,885 296,043
Floor plan interest expense (15,958) (10,629) (45,126) (28,013)
Other interest expense, net (15,010) (9,905) (40,645) (23,745)
Other income, net 2,389 1,125 5,422 11,357
Income before income taxes 108,987 86,543 259,536 255,642
Income tax provision (15,880) (34,657) (53,708) (99,829)
Net income $ 93,107 $ 51,886 $ 205,828 $ 155,813
Basic net income per share (in dollars per share) $ 3.85 $ 2.07 $ 8.34 $ 6.21
Shares used in basic per share calculations (in shares) 24,164 25,008 24,670 25,090
Diluted net income per share (in dollars per share) $ 3.84 $ 2.07 $ 8.31 $ 6.19
Shares used in diluted per share calculations (in shares) 24,258 25,076 24,767 25,158
Cash dividends paid per Class A and Class B share (in dollars per share) $ 0.29 $ 0.27 $ 0.85 $ 0.79
New vehicle        
Revenues:        
Total revenues $ 1,732,950 $ 1,553,511 $ 4,914,478 $ 4,147,870
Cost of sales:        
Total cost of sales 1,632,068 1,465,466 4,625,155 3,909,168
Used vehicle retail        
Revenues:        
Total revenues 805,928 679,180 2,325,600 1,915,038
Cost of sales:        
Total cost of sales 719,575 600,522 2,078,535 1,693,091
Used vehicle wholesale        
Revenues:        
Total revenues 91,956 65,739 253,246 206,754
Cost of sales:        
Total cost of sales 90,553 64,565 248,991 202,351
Finance and insurance        
Revenues:        
Total revenues 121,062 101,044 342,059 282,672
Service, body and parts        
Revenues:        
Total revenues 311,327 265,683 908,431 744,262
Cost of sales:        
Total cost of sales 156,871 133,191 461,860 376,096
Fleet and other        
Revenues:        
Total revenues 28,729 15,185 104,354 86,883
Cost of sales:        
Total cost of sales $ 26,646 $ 13,577 $ 98,550 $ 82,829