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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
 6 Months Ended
Jun. 30, 2023
Jun. 30, 2022
Cash flows from operating activities:    
Net income $ 530.7 $ 681.3
Adjustments to reconcile net income to net cash used in operating activities:    
Depreciation and amortization 100.0 80.2
Stock-based compensation 19.3 23.1
Loss (gain) on disposal of other assets 0.1 (0.6)
Gain on disposal of franchise (8.2) (13.1)
Unrealized investment (gain) loss (0.8) 33.0
Deferred income taxes 32.1 16.6
Amortization of operating lease right-of-use assets 31.8 19.3
(Increase) decrease (net of acquisitions and dispositions):    
Accounts receivable, net (2.8) (76.4)
Inventories (350.2) (507.0)
Finance receivables (684.6) (573.1)
Other assets 8.6 (55.2)
Increase (decrease) (net of acquisitions and dispositions):    
Floor plan notes payable 58.4 56.9
Trade payables (36.8) 32.6
Accrued liabilities (11.0) (16.8)
Other long-term liabilities and deferred revenue 14.7 36.1
Net cash used in operating activities (298.7) (263.1)
Cash flows from investing activities:    
Capital expenditures (97.1) (136.6)
Proceeds from sales of assets 0.8 16.5
Cash paid for other investments (11.1) (9.3)
Cash paid for acquisitions, net of cash acquired (978.5) (706.0)
Proceeds from sales of stores 85.7 52.7
Net cash used in investing activities (1,000.2) (782.7)
Cash flows from financing activities:    
Borrowings on floor plan notes payable, net: non-trade 223.5 243.5
Borrowings on lines of credit 7,049.2 6,047.8
Repayments on lines of credit (6,789.1) (4,543.9)
Principal payments on long-term debt and finance lease liabilities, scheduled (17.5) (15.9)
Principal payments on long-term debt and finance lease liabilities, other (3.4) (60.3)
Proceeds from issuance of long-term debt 10.4 26.7
Principal payments on non-recourse notes payable (211.5) (80.1)
Proceeds from issuance of non-recourse notes payable 1,036.4 0.0
Payment of debt issuance costs (7.8) (1.5)
Proceeds from issuance of common stock 14.9 18.7
Repurchase of common stock (14.5) (623.4)
Dividends paid (25.4) (22.2)
Payment of contingent consideration related to acquisitions (14.0) (3.7)
Other financing activity (2.7) (1.1)
Net cash provided by financing activities 1,248.5 984.6
Effect of exchange rate changes on cash and restricted cash 8.1 (0.4)
Decrease in cash and restricted cash (42.3) (61.6)
Cash and restricted cash at beginning of year 271.5 178.5
Cash and restricted cash at end of period 229.2 116.9
Reconciliation of cash and restricted cash to the consolidated balance sheets    
Cash 88.7 64.4
Restricted cash from collections on auto loans receivable and customer deposits 111.0 48.8
Cash and restricted cash 199.7 113.2
Restricted cash on deposit in reserve accounts, included in other non-current assets 29.5 3.7
Total cash and restricted cash reported in the Consolidated Statements of Cash Flows 229.2 116.9
Supplemental cash flow information:    
Cash paid during the period for interest 220.3 71.9
Cash paid during the period for income taxes, net 117.9 259.2
Debt paid in connection with store disposals 3.2 0.0
Non-cash activities:    
Contingent consideration in connection with acquisitions 7.3 0.0
Debt assumed in connection with acquisitions 453.7 0.0
Acquisition of finance leases in connection with acquisitions 45.0 59.0
Right-of-use assets obtained in exchange for lease liabilities 135.1 16.5
Unsettled repurchases of common stock $ 0.0 $ 2.2