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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
 3 Months Ended
Mar. 31, 2025
Mar. 31, 2024
Cash flows from operating activities:    
Net income $ 211.2 $ 165.0
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 77.7 75.9
Stock-based compensation 15.0 14.4
Net loss (gain) on disposal of other assets 1.3 (0.5)
Net (gain) loss on disposal of stores (9.4) 0.1
Unrealized investment loss (gain), net 6.0 (0.1)
Deferred income taxes 33.8 14.8
Amortization of operating lease right-of-use assets 22.5 22.4
Decrease (increase) (net of acquisitions and dispositions):    
Accounts receivable, net (153.5) (8.9)
Inventories 186.4 (183.3)
Finance receivables (179.1) (173.8)
Other assets (36.2) (19.2)
Increase (decrease) (net of acquisitions and dispositions):    
Floor plan notes payable 23.3 327.7
Trade payables 21.7 0.2
Accrued liabilities 103.7 57.5
Other long-term liabilities and deferred revenue (2.3) 0.2
Net cash provided by operating activities 322.1 292.4
Cash flows from investing activities:    
Capital expenditures (68.7) (79.6)
Proceeds from sales of assets 5.4 3.7
Net cash used for other investments (12.5) (122.0)
Cash paid for acquisitions, net of cash acquired (84.5) (1,074.4)
Proceeds from sales of stores 43.2 6.4
Net cash used in investing activities (117.1) (1,265.9)
Cash flows from financing activities:    
(Repayments) borrowings on floor plan notes payable, net: non-trade (44.0) 156.1
Borrowings on lines of credit 3,698.5 3,658.8
Repayments on lines of credit (3,846.9) (3,606.9)
Principal payments on long-term debt and finance lease liabilities, scheduled (10.0) (9.0)
Principal payments on long-term debt and finance lease liabilities, other (1.3) 0.0
Proceeds from issuance of long-term debt 0.0 158.9
Principal payments on non-recourse notes payable (309.6) (203.5)
Proceeds from issuance of non-recourse notes payable 564.0 329.4
Payment of debt issuance costs (2.5) (2.6)
Proceeds from issuance of common stock 5.6 5.7
Repurchase of common stock (143.4) (15.0)
Dividends paid (13.9) (13.8)
Payment of contingent consideration related to acquisitions (9.4) (12.0)
Other financing activity (60.1) (1.1)
Net cash (used in) provided by financing activities (173.0) 445.0
Effect of exchange rate changes on cash, restricted cash, and cash equivalents 0.3 (3.0)
Increase (decrease) in cash, restricted cash, and cash equivalents 32.3 (531.5)
Cash, restricted cash, and cash equivalents at beginning of year 445.8 972.0
Cash, restricted cash, and cash equivalents at end of period 478.1 440.5
Reconciliation of cash, restricted cash, and cash equivalents to the consolidated balance sheets    
Cash and cash equivalents 234.4 264.4
Restricted cash from collections on auto loans receivable and customer deposits 195.9 140.2
Cash, restricted cash, and cash equivalents 430.3 404.6
Restricted cash on deposit in reserve accounts, included in other non-current assets 47.8 35.9
Total cash, restricted cash, and cash equivalents reported in the Consolidated Statements of Cash Flows 478.1 440.5
Supplemental cash flow information:    
Cash paid during the period for interest 168.9 165.8
Cash paid during the period for income taxes, net 7.3 6.0
Debt paid in connection with store disposals 10.2 1.6
Non-cash activities:    
Debt assumed in connection with acquisitions 0.0 868.1
Right-of-use assets obtained in exchange for lease liabilities 13.1 297.5
Unsettled repurchases of common stock $ 2.3 $ 0.0