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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
 6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Cash flows from operating activities:    
Net income $ 381.5 $ 530.7
Adjustments to reconcile net income to net cash provided by (used in) operating activities:    
Depreciation and amortization 165.4 100.0
Stock-based compensation 27.8 19.3
Net loss on disposal of other assets 1.5 0.1
Net gain on sale of stores (0.1) (8.2)
Unrealized investment gain, net (29.7) (0.8)
Deferred income taxes 42.0 32.1
Amortization of operating lease right-of-use assets 46.4 31.8
(Increase) decrease (net of acquisitions and dispositions):    
Accounts receivable, net (2.9) (2.8)
Inventories (544.1) (350.2)
Finance receivables (386.9) (684.6)
Other assets (62.0) 8.6
Increase (decrease) (net of acquisitions and dispositions):    
Floor plan notes payable 384.4 58.4
Trade payables 54.4 (36.8)
Accrued liabilities 69.1 (11.0)
Other long-term liabilities and deferred revenue (2.8) 14.7
Net cash provided by (used in) operating activities 144.0 (298.7)
Cash flows from investing activities:    
Capital expenditures (209.7) (97.1)
Proceeds from sales of assets 4.0 0.8
Cash paid for other investments (146.8) (11.1)
Cash paid for acquisitions, net of cash acquired (1,169.5) (978.5)
Proceeds from sales of stores 6.9 85.7
Net cash used in investing activities (1,515.1) (1,000.2)
Cash flows from financing activities:    
Borrowings on floor plan notes payable, net: non-trade 444.5 223.5
Borrowings on lines of credit 7,226.6 7,049.2
Repayments on lines of credit (6,767.9) (6,789.1)
Principal payments on long-term debt and finance lease liabilities, scheduled (18.9) (17.5)
Principal payments on long-term debt and finance lease liabilities, other (15.1) (3.4)
Proceeds from issuance of long-term debt 179.8 10.4
Principal payments on non-recourse notes payable (418.8) (211.5)
Proceeds from issuance of non-recourse notes payable 739.0 1,036.4
Payment of debt issuance costs (5.0) (7.8)
Proceeds from issuance of common stock 13.8 14.9
Repurchase of common stock (217.2) (14.5)
Dividends paid (28.2) (25.4)
Payment of contingent consideration related to acquisitions (11.9) (14.0)
Other financing activity (3.1) (2.7)
Net cash provided by financing activities 1,117.6 1,248.5
Effect of exchange rate changes on cash, restricted cash, and cash equivalents (3.1) 8.1
Decrease in cash, restricted cash, and cash equivalents (256.6) (42.3)
Cash, restricted cash, and cash equivalents at beginning of year 972.0 271.5
Cash, restricted cash, and cash equivalents at end of period 715.4 229.2
Reconciliation of cash, restricted cash, and cash equivalents to the consolidated balance sheets    
Cash and cash equivalents 516.4 88.7
Restricted cash from collections on auto loans receivable and customer deposits 158.4 111.0
Cash, restricted cash, and cash equivalents 674.8 199.7
Restricted cash on deposit in reserve accounts, included in other non-current assets 40.6 29.5
Total cash, restricted cash, and cash equivalents reported in the Consolidated Statements of Cash Flows 715.4 229.2
Supplemental cash flow information:    
Cash paid during the period for interest 357.2 220.3
Cash paid during the period for income taxes, net 113.9 117.9
Debt paid in connection with store disposals 5.9 3.2
Non-cash activities:    
Contingent consideration in connection with acquisitions 0.0 7.3
Debt assumed in connection with acquisitions 868.1 453.7
Acquisition of finance leases in connection with acquisitions 0.0 45.0
Right-of-use assets obtained in exchange for lease liabilities $ 304.0 $ 135.1