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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
 9 Months Ended
Sep. 30, 2023
Sep. 30, 2022
Cash flows from operating activities:    
Net income $ 795.6 $ 1,011.8
Adjustments to reconcile net income to net cash used in operating activities:    
Depreciation and amortization 154.9 122.1
Stock-based compensation 30.4 31.7
Loss (gain) on disposal of other assets 0.1 (0.4)
Gain on disposal of franchise (31.4) (49.6)
Unrealized investment (gain) loss (0.1) 32.6
Deferred income taxes 47.2 63.5
Amortization of operating lease right-of-use assets 49.1 37.6
(Increase) decrease (net of acquisitions and dispositions):    
Accounts receivable, net (110.6) (54.0)
Inventories (498.2) (852.4)
Finance receivables (907.0) (946.7)
Other assets 5.8 (85.8)
Increase (decrease) (net of acquisitions and dispositions):    
Floor plan notes payable 292.0 101.1
Trade payables (34.1) 9.3
Accrued liabilities 9.7 19.1
Other long-term liabilities and deferred revenue 19.4 42.6
Net cash used in operating activities (177.2) (517.5)
Cash flows from investing activities:    
Capital expenditures (163.7) (209.8)
Proceeds from sales of assets 3.1 16.4
Cash paid for other investments (11.1) (9.3)
Cash paid for acquisitions, net of cash acquired (1,204.7) (962.6)
Proceeds from sales of stores 136.1 148.0
Net cash used in investing activities (1,240.3) (1,017.3)
Cash flows from financing activities:    
Borrowings on floor plan notes payable, net: non-trade 426.7 429.6
Borrowings on lines of credit 9,625.1 9,178.4
Repayments on lines of credit (9,681.0) (7,430.0)
Principal payments on long-term debt and finance lease liabilities, scheduled (26.2) (42.4)
Principal payments on long-term debt and finance lease liabilities, other (3.4) (70.0)
Proceeds from issuance of long-term debt 79.8 39.6
Principal payments on non-recourse notes payable (404.0) (138.7)
Proceeds from issuance of non-recourse notes payable 1,451.7 298.2
Payment of debt issuance costs (14.3) (4.7)
Proceeds from issuance of common stock 23.0 28.1
Repurchase of common stock (14.5) (644.4)
Dividends paid (39.1) (33.8)
Payment of contingent consideration related to acquisitions (14.0) (7.2)
Other financing activity 17.2 (2.7)
Net cash provided by financing activities 1,427.0 1,600.0
Effect of exchange rate changes on cash and restricted cash 5.7 (3.3)
Increase in cash and restricted cash 15.2 61.9
Cash and restricted cash at beginning of year 271.5 178.4
Cash and restricted cash at end of period 286.7 240.3
Reconciliation of cash and restricted cash to the consolidated balance sheets    
Cash 146.9 172.7
Restricted cash from collections on auto loans receivable and customer deposits 109.3 60.3
Cash and restricted cash 256.2 233.0
Restricted cash on deposit in reserve accounts, included in other non-current assets 30.5 7.3
Total cash and restricted cash reported in the Consolidated Statements of Cash Flows 286.7 240.3
Supplemental cash flow information:    
Cash paid during the period for interest 359.3 122.2
Cash paid during the period for income taxes, net 203.5 380.0
Debt paid in connection with store disposals 13.2 23.6
Non-cash activities:    
Contingent consideration in connection with acquisitions 7.3 21.7
Debt assumed in connection with acquisitions 401.6 0.7
Acquisition of finance leases in connection with acquisitions 45.0 78.2
Right-of-use assets obtained in exchange for lease liabilities 139.1 22.3
Unsettled repurchases of common stock $ 0.0 $ 9.2