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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
 3 Months Ended
Mar. 31, 2024
Mar. 31, 2023
Cash flows from operating activities:    
Net income $ 165.0 $ 229.6
Adjustments to reconcile net income to net cash provided by (used in) operating activities:    
Depreciation and amortization 75.9 49.6
Stock-based compensation 14.4 9.1
(Gain) loss on disposal of other assets (0.5) 0.1
Loss (gain) on sales of stores 0.1 (7.2)
Unrealized investment (gain) loss (0.1) 0.5
Deferred income taxes 14.8 14.5
Amortization of operating lease right-of-use assets 22.4 15.7
(Increase) decrease (net of acquisitions and dispositions):    
Accounts receivable, net (8.9) 23.9
Inventories (183.3) (56.9)
Finance receivables (173.8) (397.0)
Other assets (19.2) 14.1
Increase (decrease) (net of acquisitions and dispositions):    
Floor plan notes payable 327.7 38.9
Trade payables 0.2 (10.0)
Accrued liabilities 57.5 31.7
Other long-term liabilities and deferred revenue 0.2 (5.6)
Net cash provided by (used in) operating activities 292.4 (49.0)
Cash flows from investing activities:    
Capital expenditures (79.6) (38.9)
Proceeds from sales of assets 3.7 0.8
Cash paid for other investments (122.0) (11.1)
Cash paid for acquisitions, net of cash acquired (1,074.4) (387.4)
Proceeds from sales of stores 6.4 22.7
Net cash used in investing activities (1,265.9) (413.9)
Cash flows from financing activities:    
Borrowings on floor plan notes payable, net: non-trade 156.1 187.6
Borrowings on lines of credit 3,658.8 3,462.9
Repayments on lines of credit (3,606.9) (3,503.3)
Principal payments on long-term debt and finance lease liabilities, scheduled (9.0) (8.7)
Principal payments on long-term debt and finance lease liabilities, other 0.0 (3.4)
Proceeds from issuance of long-term debt 158.9 10.4
Principal payments on non-recourse notes payable (203.5) (76.5)
Proceeds from issuance of non-recourse notes payable 329.4 479.7
Payment of debt issuance costs (2.6) (3.7)
Proceeds from issuance of common stock 5.7 6.1
Repurchase of common stock (15.0) (14.4)
Dividends paid (13.8) (11.5)
Payment of contingent consideration related to acquisitions (12.0) (14.0)
Other financing activity (1.1) (1.3)
Net cash provided by financing activities 445.0 509.9
Effect of exchange rate changes on cash, restricted cash, and cash equivalents (3.0) 6.2
(Decrease) increase in cash, restricted cash, and cash equivalents (531.5) 53.2
Cash, restricted cash, and cash equivalents at beginning of year 972.0 271.5
Cash, restricted cash, and cash equivalents at end of period 440.5 324.7
Reconciliation of cash, restricted cash, and cash equivalents to the consolidated balance sheets    
Cash and cash equivalents 264.4 184.9
Restricted cash from collections on auto loans receivable and customer deposits 140.2 114.5
Cash, restricted cash, and cash equivalents 404.6 299.4
Restricted cash on deposit in reserve accounts, included in other non-current assets 35.9 25.3
Total cash, restricted cash, and cash equivalents reported in the Consolidated Statements of Cash Flows 440.5 324.7
Supplemental cash flow information:    
Cash paid during the period for interest 165.8 95.7
Cash paid during the period for income taxes, net 6.0 5.2
Debt paid in connection with store disposals 1.6 1.6
Non-cash activities:    
Debt assumed in connection with acquisitions 868.1 365.4
Right-of-use assets obtained in exchange for lease liabilities $ 297.5 $ 103.8