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Acquisitions (Tables) | 12 Months Ended
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Dec. 31, 2024
Business Combination, Asset Acquisition, and Joint Venture Formation [Abstract] |
Schedule of Pro Forma Summary | Revenue and operating income contributed by the 2024 acquisitions subsequent to the date of acquisition were as follows:
| Year Ended December 31,
($ in millions) | 2024
Revenue | $ | 5,172.5 |
Operating income | 122.6 |
The following unaudited pro forma summary presents consolidated information as if the acquisitions had occurred on January 1 of the year:
| Year Ended December 31,
($ in millions, except for per share amounts) | 2024 |  | 2023
Revenue | $ | 36,914.3 |  |  | $ | 36,714.1 |
Net income | 835.6 |  |  | 1,101.1 |
Basic net income per share | 30.95 |  |  | 40.01 |
Diluted net income per share | 30.89 |  |  | 39.93 |
Schedule of Assets Acquired and Liabilities Assumed | The following tables summarize the consideration paid for the acquisitions and the preliminary amount of identified assets acquired and liabilities assumed as of the acquisition date:
| Year Ended December 31,
($ in millions) | 2024 |  | 2023
Cash paid, net of cash acquired | $ | 1,248.5 |  |  | $ | 1,170.1 |
Contingent consideration | — |  |  | 7.3 |
Non-controlling interest | — |  |  | 21.1 |
Total consideration transferred | $ | 1,248.5 |  |  | $ | 1,198.5 |
| Year Ended December 31,
($ in millions) | 2024 |  | 2023
Accounts receivables, net | $ | 119.0 |  |  | $ | 76.2 |
Inventories, net | 1,017.6 |  |  | 572.7 |
Property and equipment | 581.4 |  |  | 394.8 |
Operating lease right-of-use assets | 262.7 |  |  | 89.6 |
Finance receivables, net | — |  |  | 5.7 |
Goodwill | 20.6 |  |  | 233.2 |
Franchise value | — |  |  | 193.4 |
Net investment in operating leases | 181.5 |  |  | — |
Other assets | 576.0 |  |  | 280.4 |
Floor plan notes payable assumed | (868.1) |  |  | (353.7) |
Trade payables | (39.6) |  |  | (47.9) |
Debt and finance lease obligations assumed | (22.7) |  |  | (92.9) |
Deferred taxes, net | 20.5 |  |  | 5.9 |
Operating lease liabilities | (286.2) |  |  | (86.8) |
Other liabilities and deferred revenue | (314.2) |  |  | (72.1) |
Total net assets acquired and liabilities assumed | $ | 1,248.5 |  |  | $ | 1,198.5 |

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- Definition Tabular disclosure of pro forma results of operations for a material business acquisition or series of individually immaterial business acquisitions that are material in the aggregate. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (h)(2) -SubTopic 10 -Topic 805 -Publisher FASB -URI https://asc.fasb.org/1943274/2147479328/805-10-50-2 Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (h)(3) -SubTopic 10 -Topic 805 -Publisher FASB -URI https://asc.fasb.org/1943274/2147479328/805-10-50-2 + Details
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- Definition Tabular disclosure of the amounts recognized as of the acquisition date for each major class of assets acquired and liabilities assumed. May include but not limited to the following: (a) acquired receivables; (b) contingencies recognized at the acquisition date; and (c) the fair value of noncontrolling interests in the acquiree. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 805 -SubTopic 20 -Name Accounting Standards Codification -Paragraph 1 -Section 50 -Publisher FASB -URI https://asc.fasb.org/1943274/2147479907/805-20-50-1 + Details
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