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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
 9 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Cash flows from operating activities:    
Net income $ 1,011.8 $ 770.1
Adjustments to reconcile net income to net cash used for operating activities:    
Asset impairments 0.0 1.9
Depreciation and amortization 122.1 91.5
Stock-based compensation 31.7 25.6
Loss on redemption of senior notes 0.0 10.3
Gain on disposal of other assets (0.4) (2.5)
(Gain) loss on disposal of franchise (49.6) 5.2
Unrealized investment loss 32.6 22.3
Deferred income taxes 63.5 25.6
Amortization of operating lease right-of-use assets 37.6 27.0
(Increase) decrease (net of acquisitions and dispositions):    
Accounts receivable, net (54.0) (85.0)
Inventories (852.4) 1,003.2
Other assets (1,032.5) (338.4)
Increase (net of acquisitions and dispositions):    
Floor plan notes payable 101.1 91.3
Trade payables 9.3 97.2
Accrued liabilities 19.1 236.9
Other long-term liabilities and deferred revenue 42.6 19.7
Net cash provided by (used in) operating activities (517.5) 2,001.9
Cash flows from investing activities:    
Capital expenditures (209.8) (194.1)
Proceeds from sales of assets 16.4 4.6
Cash paid for other investments (9.3) (9.8)
Cash paid for acquisitions, net of cash acquired (962.6) (2,409.5)
Proceeds from sales of stores 148.0 45.7
Net cash used in investing activities (1,017.3) (2,563.1)
Cash flows from financing activities:    
Borrowings (repayments) on floor plan notes payable, net: non-trade 429.6 (840.9)
Borrowings on lines of credit 9,178.4 1,642.5
Repayments on lines of credit (7,430.0) (1,631.6)
Principal payments on long-term debt and finance lease liabilities, scheduled (181.1) (24.7)
Principal payments on long-term debt and finance lease liabilities, other (70.0) (483.6)
Proceeds from issuance of long-term debt 337.8 817.5
Payment of debt issuance costs (4.7) (10.9)
Proceeds from issuance of common stock 28.1 1,127.9
Repurchase of common stock (644.4) (15.9)
Dividends paid (33.8) (28.2)
Payment of contingent consideration related to acquisitions (7.2) (1.4)
Other financing activity (2.7) 0.0
Net cash provided by financing activities 1,600.0 550.7
Effect of exchange rate changes on cash and cash equivalents (3.3) 0.9
Increase (decrease) in cash, restricted cash, and cash equivalents 61.9 (9.6)
Cash, restricted cash, and cash equivalents at beginning of year 178.4 162.4
Cash, restricted cash, and cash equivalents at end of period 240.3 152.8
Reconciliation of cash, restricted cash, and cash equivalents to the consolidated balance sheets    
Cash, restricted cash, and cash equivalents 172.7 137.8
Restricted cash from collections on auto loans receivable and customer deposits 60.3 15.0
Cash, restricted cash, and cash equivalents 233.0 152.8
Restricted cash on deposit in reserve accounts, included in other non-current assets 7.3 0.0
Total cash, restricted cash, and cash equivalents reported in the Consolidated Statements of Cash Flows 240.3 152.8
Supplemental cash flow information:    
Cash paid during the period for interest 122.2 89.5
Cash paid during the period for income taxes, net 380.0 237.3
Debt paid in connection with store disposals 23.6 8.7
Non-cash activities:    
Debt issued in connection with acquisitions 0.0 355.4
Contingent consideration in connection with acquisitions 21.7 0.9
Debt assumed in connection with acquisitions 0.7 4.0
Acquisition of finance leases in connection with acquisitions 78.2 0.0
Right-of-use assets obtained in exchange for lease liabilities 22.3 131.2
Unsettled repurchases of common stock $ 9.2 $ 0.0