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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
 9 Months Ended
Sep. 30, 2024
Sep. 30, 2023
Cash flows from operating activities:    
Net income $ 604.4 $ 795.6
Adjustments to reconcile net income to net cash provided by (used in) operating activities:    
Depreciation and amortization 219.7 154.9
Stock-based compensation 44.1 30.4
Net loss on disposal of other assets 3.8 0.1
Net gain on disposal of stores (0.3) (31.4)
Unrealized investment gain, net (27.6) (0.1)
Deferred income taxes 86.9 47.2
Amortization of operating lease right-of-use assets 70.6 49.1
Decrease (increase) (net of acquisitions and dispositions):    
Accounts receivable, net 44.7 (110.6)
Inventories (324.3) (498.2)
Finance receivables (526.5) (907.0)
Other assets (114.7) 5.8
Increase (decrease) (net of acquisitions and dispositions):    
Floor plan notes payable 325.0 292.0
Trade payables (26.7) (34.1)
Accrued liabilities (6.2) 9.7
Other long-term liabilities and deferred revenue (9.6) 19.4
Net cash provided by (used in) operating activities 363.3 (177.2)
Cash flows from investing activities:    
Capital expenditures (271.9) (163.7)
Proceeds from sales of assets 5.3 3.1
Cash paid for other investments (329.1) (11.1)
Cash paid for acquisitions, net of cash acquired (1,247.0) (1,204.7)
Proceeds from sales of stores 21.9 136.1
Net cash used in investing activities (1,820.8) (1,240.3)
Cash flows from financing activities:    
Borrowings on floor plan notes payable, net: non-trade 280.1 426.7
Borrowings on lines of credit 10,325.4 9,625.1
Repayments on lines of credit (9,627.0) (9,681.0)
Principal payments on long-term debt and finance lease liabilities, scheduled (29.0) (26.2)
Principal payments on long-term debt and finance lease liabilities, other (48.2) (3.4)
Proceeds from issuance of long-term debt 279.5 79.8
Principal payments on non-recourse notes payable (661.6) (404.0)
Proceeds from issuance of non-recourse notes payable 739.0 1,451.7
Payment of debt issuance costs (7.6) (14.3)
Proceeds from issuance of common stock 21.2 23.0
Repurchase of common stock (273.2) (14.5)
Dividends paid (42.4) (39.1)
Payment of contingent consideration related to acquisitions (12.0) (14.0)
Other financing activity (64.0) 17.2
Net cash provided by financing activities 880.2 1,427.0
Effect of exchange rate changes on cash, restricted cash, and cash equivalents 3.9 5.7
(Decrease) increase in cash, restricted cash, and cash equivalents (573.4) 15.2
Cash, restricted cash, and cash equivalents at beginning of year 972.0 271.5
Cash, restricted cash, and cash equivalents at end of period 398.6 286.7
Reconciliation of cash, restricted cash, and cash equivalents to the consolidated balance sheets    
Cash and cash equivalents 209.8 146.9
Restricted cash from collections on auto loans receivable and customer deposits 149.7 109.3
Cash, restricted cash, and cash equivalents 359.5 256.2
Restricted cash on deposit in reserve accounts, included in other non-current assets 39.1 30.5
Total cash, restricted cash, and cash equivalents reported in the Consolidated Statements of Cash Flows 398.6 286.7
Supplemental cash flow information:    
Cash paid during the period for interest 546.5 359.3
Cash paid during the period for income taxes, net 149.8 203.5
Debt paid in connection with store disposals 13.1 13.2
Non-cash activities:    
Contingent consideration in connection with acquisitions 0.0 7.3
Debt assumed in connection with acquisitions 868.1 401.6
Acquisition of finance leases in connection with acquisitions 22.7 45.0
Right-of-use assets obtained in exchange for lease liabilities $ 310.7 $ 139.1