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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
Cash flows from operating activities:      
Net income $ 1,011,700,000 $ 1,261,600,000 $ 1,062,700,000
Adjustments to reconcile net income to net cash (used in) provided by operating activities:      
Asset impairments 0 0 1,900,000
Depreciation and amortization 204,100,000 172,700,000 127,300,000
Share-based compensation 40,800,000 41,100,000 34,700,000
Loss on redemption of senior notes 0 0 10,300,000
Gain on disposal of other assets (3,800,000) (100,000) (2,500,000)
Net disposal gain on sale of stores (31,200,000) (66,000,000.0) 0
Investment loss 0 39,200,000 66,400,000
Deferred income taxes 58,700,000 95,200,000 43,100,000
Amortization of operating lease right-of-use assets 60,500,000 55,400,000 39,000,000.0
(Increase) decrease (net of acquisitions and dispositions):      
Trade receivables, net (228,600,000) (131,600,000) (147,100,000)
Inventories (863,500,000) (923,000,000.0) 674,600,000
Finance receivables, net (1,045,500,000) (1,363,000,000) (640,800,000)
Other assets (59,200,000) (138,300,000) 61,000,000.0
Increase (decrease) (net of acquisitions and dispositions):      
Floor plan notes payable 363,700,000 273,300,000 116,100,000
Trade payables (19,900,000) 25,300,000 78,400,000
Accrued liabilities 21,200,000 (2,300,000) 233,000,000.0
Other long-term liabilities and deferred revenue 18,600,000 50,400,000 39,100,000
Net cash (used in) provided by operating activities (472,400,000) (610,100,000) 1,797,200,000
Cash flows from investing activities:      
Capital expenditures (230,200,000) (303,100,000) (260,400,000)
Proceeds from sales of assets 13,200,000 16,600,000 3,300,000
Cash paid for other investments (11,100,000) (11,800,000) (10,300,000)
Cash paid for acquisitions, net of cash acquired (1,185,100,000) (1,243,600,000) (2,699,300,000)
Proceeds from sales of stores 142,900,000 212,100,000 76,300,000
Net cash used in investing activities (1,270,300,000) (1,329,800,000) (2,890,400,000)
Cash flows from financing activities:      
Borrowings (repayments) on floor plan notes payable: non-trade, net 878,700,000 737,900,000 (685,300,000)
Borrowings on lines of credit 12,738,100,000 12,160,800,000 2,830,600,000
Repayments on lines of credit (12,413,800,000) (10,137,000,000) (2,505,200,000)
Principal payments on long-term debt and finance lease liabilities, scheduled (35,200,000) (51,200,000) (32,500,000)
Principal payments on long-term debt and finance lease liabilities, other (10,600,000) (171,700,000) (486,500,000)
Proceeds from issuance of long-term debt 79,800,000 113,300,000 817,400,000
Principal payments on non-recourse notes payable (589,500,000) (193,500,000) (26,800,000)
Proceeds from issuance of non-recourse notes payable 1,872,900,000 298,100,000 344,400,000
Payment of debt issuance costs (16,700,000) (11,800,000) (14,700,000)
Proceeds from issuance of common stock 29,700,000 36,100,000 1,136,200,000
Repurchase of common stock (48,900,000) (688,300,000) (230,700,000)
Dividends paid (52,800,000) (45,200,000) (38,800,000)
Payments of contingent consideration related to acquisitions (14,000,000.0) (7,200,000) (1,400,000)
Other financing activities (7,900,000) (4,400,000) 0
Net cash provided by financing activities 2,409,800,000 2,035,900,000 1,106,700,000
Effect of exchange rate changes on cash and restricted cash 33,400,000 (3,000,000.0) 2,500,000
Increase in cash and restricted cash 700,500,000 93,000,000.0 16,000,000.0
Cash and restricted cash at beginning of year 271,500,000 178,500,000 162,500,000
Cash and restricted cash at end of year 972,000,000.0 271,500,000 178,500,000
Reconciliation of cash and restricted cash to the consolidated balance sheets      
Cash 825,000,000.0 168,100,000 153,000,000.0
Restricted cash from collections on auto loans receivable 116,400,000 78,600,000 21,800,000
Cash and restricted cash 941,400,000 246,700,000 174,800,000
Restricted cash on deposit in reserve accounts, included in other non-current assets 30,600,000 24,800,000 3,700,000
Total cash and restricted cash reported in the Consolidated Statements of Cash Flows 972,000,000.0 271,500,000 178,500,000
Supplemental cash flow information:      
Cash paid during the period for interest 514,300,000 209,900,000 130,100,000
Cash paid during the period for income taxes, net 222,100,000 449,300,000 369,100,000
Floor plan debt paid in connection with store disposals 27,400,000 29,500,000 8,700,000
Non-cash activities:      
Debt issued in connection with acquisitions 0 0 355,600,000
Contingent consideration in connection with acquisitions 7,300,000 22,400,000 900,000
Debt assumed in connection with acquisitions 401,600,000 700,000 4,000,000.0
Acquisition of finance leases in connection with acquisitions 45,000,000.0 78,200,000 0
Right-of-use assets obtained in exchange for lease liabilities 150,000,000.0 44,700,000 171,800,000
Non-controlling interest recognized in connection with acquisitions $ 21,100,000 $ 0 $ 33,100,000