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Consolidated Statements of Cash Flows - USD ($)
$ in Millions
 12 Months Ended
Dec. 31, 2020
Dec. 31, 2019
Dec. 31, 2018
Cash flows from operating activities:      
Net income $ 470.3 $ 271.5 $ 265.7
Adjustments to reconcile net income to net cash provided by operating activities:      
Asset impairments 7.9 2.6 1.3
Depreciation and amortization 92.4 82.4 75.4
Stock-based compensation 23.2 16.2 13.3
(Gain) loss on disposal of other assets (1.7) (0.1) 0.2
Gain from disposal activities (16.6) (9.7) (15.1)
Unrealized investment gains (43.4) 0.0 0.0
Deferred income taxes 17.2 40.1 33.0
Amortization of operating lease right-of-use assets 28.9 31.6 0.0
(Increase) decrease (net of acquisitions and dispositions):      
Trade receivables, net (113.5) 24.4 4.7
Inventories 228.8 (19.7) (108.9)
Other assets (103.6) 5.4 (16.0)
Increase (decrease) (net of acquisitions and dispositions):      
Floor plan notes payable (204.1) 100.7 196.9
Trade payables 28.2 (1.8) 15.1
Accrued liabilities 113.1 (7.8) 28.9
Other long-term liabilities and deferred revenue 15.1 (11.3) 25.2
Net cash provided by operating activities 542.2 524.5 519.7
Cash flows from investing activities:      
Notes receivable issued (12.5) (12.5) 0.0
Principal payments received on notes receivable 25.0 0.0 0.0
Capital expenditures (167.8) (124.9) (158.0)
Proceeds from sales of assets 6.5 1.5 3.1
Cash paid for other investments (11.2) (7.2) (62.7)
Cash paid for acquisitions, net of cash acquired (1,503.3) (366.6) (373.8)
Proceeds from sales of stores 57.5 46.7 34.3
Net cash used in investing activities (1,605.8) (463.0) (557.1)
Cash flows from financing activities:      
Repayments on floor plan notes payable: non-trade, net (20.6) (54.6) (21.9)
Borrowings on lines of credit 1,825.4 3,167.0 2,691.4
Repayments on lines of credit (1,935.4) (3,481.6) (2,499.6)
Principal payments on long-term debt, scheduled (29.4) (26.0) (26.5)
Principal payments on long-term debt and finance lease liabilities, other (6.3) (11.0) (26.1)
Proceeds from issuance of long-term debt 606.5 420.3 62.1
Payment of debt issuance costs (10.8) (5.8) (0.4)
Proceeds from issuance of common stock 790.4 11.0 10.1
Repurchase of common stock (50.6) (3.2) (148.9)
Dividends paid (29.1) (27.6) (27.7)
Payments of contingent consideration related to acquisitions (0.3) 0.0 (0.8)
Other financing activity 0.0 2.4 0.0
Net cash provided by (used in) financing activities 1,139.7 (9.1) 11.7
Increase (decrease) in cash and cash equivalents 76.2 52.4 (25.7)
Cash and cash equivalents at beginning of year 84.0 31.6 57.3
Cash and cash equivalents at end of year 160.2 84.0 31.6
Supplemental disclosure of cash flow information:      
Cash paid during the period for interest 107.7 135.8 117.1
Cash paid during the period for income taxes, net 135.0 38.4 32.9
Floor plan debt paid in connection with store disposals 38.4 18.6 33.1
Supplemental schedule of non-cash activities:      
Debt issued in connection with acquisitions 0.0 26.4 125.1
Contingent consideration in connection with acquisitions 14.3 0.0 0.0
Debt assumed in connection with acquisitions 0.0 0.0 10.8
Acquisition of finance leases in connection with acquisitions 227.5 0.0 $ 0.0
ROU assets obtained in exchange for lease liabilities [1] $ 55.4 $ 260.3  
[1] Amounts for the twelve months ended December 31, 2019 include the transition adjustment for the adoption of Topic 842.