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SEGMENTS (Tables)

9 Months Ended

Sep. 30, 2025

Segment Reporting [Abstract]

Schedule of Certain Information on a Segment Basis

Certain financial information on a segment basis is as follows:

	Three Months Ended September 30,				Nine Months Ended September 30,
(In millions)	2025		2024		2025		2024
Vehicle operations
Total revenue	$9,675.8		$9,221.0		$28,437.1		$27,014.7
Total gross profit	1,466.0		1,430.4		4,361.5		4,189.5
Floor plan interest expense	(57.8)		(76.6)		(169.8)		(214.0)
Personnel expense	(539.6)		(505.2)		(1,600.3)		(1,552.8)
Rent and facility expense	(191.6)		(178.9)		(555.2)		(525.0)
Advertising expense	(72.7)		(69.9)		(214.9)		(206.5)
Other vehicle operations expenses1	(283.3)		(270.0)		(838.2)		(782.3)
Vehicle operations income	321.0		329.8		983.1		908.9
Financing Operations
Interest and fee income	104.9		88.8		298.0		249.9
Interest expense	(52.1)		(51.2)		(150.0)		(146.0)
Total interest margin	52.8		37.6		148.0		103.9
Lease income	23.4		25.6		67.7		61.2
Lease costs	(18.6)		(21.6)		(54.0)		(51.0)
Lease income, net	4.8		4.0		13.7		10.2
Provision expense	(25.8)		(31.8)		(72.5)		(77.0)
Other financing operations expenses2	(12.7)		(11.2)		(37.5)		(33.0)
Financing operations income (loss)	19.1		(1.4)		51.7		4.1
Total segment income for reportable segments	340.1		328.4		1,034.8		913.0
Corporate and other3	89.2		80.4		243.3		213.7
Depreciation and amortization	(65.5)		(63.5)		(194.6)		(183.6)
Other interest expense	(68.3)		(64.5)		(200.5)		(189.3)
Other (expense) income, net	(13.3)		5.2		35.9		35.4
Income before income taxes	$282.2		$285.9		$918.9		$789.1

(1)Other vehicle operations expenses includes management fees, data processing fees, outside services fees, insurance

expense, office and other supplies expense, banking expense, and certain overhead expenses.

(2)Other financing operations expenses includes personnel expense, data processing fees, outside services fees, expenses

attributable to underwriting, funding, and loan servicing, and certain overhead expenses.

(3)Corporate and other includes management fee income.

Schedule of Revenue from External Customers and Long-Lived Assets, by Geographical Areas

The following tables present revenue and long-lived assets (all non-current assets except goodwill, franchise value, and other

intangible assets) by geographic area:

	Three Months Ended September 30,				Nine Months Ended September 30,
(In millions)	2025		2024		2025		2024
Revenue from external customers:
United States	$7,681.7		$7,066.6		$22,242.7		$20,933.4
United Kingdom	1,716.0		1,859.3		5,315.5		5,220.2
Canada	278.1		295.1		878.9		861.1
Total revenue from external customers	$9,675.8		$9,221.0		$28,437.1		$27,014.7

(In millions)	September 30, 2025		December 31, 2024
Long-lived assets, net:
United States	$10,727.9		$10,124.3
United Kingdom	1,382.9		1,360.4
Canada	468.9		429.3
Total long-lived assets	$12,579.7		11,914.0

X

- Definition

Tabular disclosure of information concerning material long-lived assets (excluding financial instruments, customer relationships with financial institutions, mortgage and other servicing rights, deferred policy acquisition costs, and deferred taxes assets) located in identified geographic areas and/or the amount of revenue from external customers attributed to that country from which revenue is material. An entity may also provide subtotals of geographic information about groups of countries.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Topic 220
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 2
-Subparagraph (SX 210.5-03(1))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147483621/220-10-S99-2

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-Name Accounting Standards Codification
-Topic 280
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-Section 50
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-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-41

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X

- Definition

Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 280
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-Publisher FASB
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