XML 57 R38.htm IDEA: XBRL DOCUMENT
v3.26.1

SEGMENTS (Tables) | 6 Months Ended
--- | ---
Jun. 30, 2026
Segment Reporting [Abstract] |
Schedule of Certain Information on a Segment Basis | Certain financial information on a segment basis is as follows:
| Three Months Ended June 30, |  | Six Months Ended June 30,
(In millions) | 2026 |  | 2025 |  | 2026 |  | 2025
Vehicle operations |  |  |  |  |  |  |
Total revenue | $9,791.3 |  | $9,583.0 |  | $19,062.7 |  | $18,761.2
Total gross profit | 1,497.4 |  | 1,485.1 |  | 2,919.1 |  | 2,895.4
Floor plan interest expense | (69.7) |  | (55.0) |  | (125.6) |  | (112.0)
Personnel expense | (560.1) |  | (546.6) |  | (1,101.2) |  | (1,060.7)
Rent and facility expense | (201.1) |  | (181.2) |  | (403.3) |  | (363.6)
Advertising expense | (78.5) |  | (72.4) |  | (158.3) |  | (142.3)
Other vehicle operations expenses 1 | (291.9) |  | (276.7) |  | (601.9) |  | (555.0)
Vehicle operations income | 296.1 |  | 353.2 |  | 528.8 |  | 661.9
Financing Operations |  |  |  |  |  |  |
Interest and fee income | 116.4 |  | 98.8 |  | 226.9 |  | 193.2
Interest expense | (53.5) |  | (49.8) |  | (105.2) |  | (97.9)
Total interest margin | 62.9 |  | 49.0 |  | 121.7 |  | 95.3
Lease income | 26.4 |  | 23.7 |  | 50.3 |  | 44.2
Lease costs | (22.5) |  | (18.6) |  | (42.7) |  | (35.4)
Lease income, net | 3.9 |  | 5.1 |  | 7.6 |  | 8.8
Provision expense | (15.8) |  | (21.2) |  | (42.2) |  | (46.7)
Other financing operations expenses 2 | (14.5) |  | (12.8) |  | (29.3) |  | (24.8)
Financing operations income | 36.5 |  | 20.1 |  | 57.8 |  | 32.6
Total segment income for reportable segments | 332.6 |  | 373.3 |  | 586.5 |  | 694.4
Corporate and other 3 | 116.9 |  | 62.2 |  | 212.7 |  | 154.2
Depreciation and amortization | (70.9) |  | (65.2) |  | (140.7) |  | (129.0)
Other interest expense | (62.7) |  | (66.7) |  | (132.9) |  | (132.2)
Other (expense) income, net | 36.2 |  | 48.5 |  | (31.5) |  | 49.3
Income before income taxes | $352.1 |  | $352.1 |  | $494.1 |  | $636.7
(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 table presents revenue by geographic area:
| Three Months Ended June 30, |  | Six Months Ended June 30,
(In millions) | 2026 |  | 2025 |  | 2026 |  | 2025
Revenue from external customers: |  |  |  |  |  |  |
United States | $7,575.9 |  | $7,489.2 |  | $14,583.7 |  | $14,560.9
United Kingdom | 1,832.5 |  | 1,749.4 |  | 3,819.7 |  | 3,599.5
Canada | 382.9 |  | 344.4 |  | 659.3 |  | 600.8
Total revenue from external customers | $9,791.3 |  | $9,583.0 |  | $19,062.7 |  | $18,761.2

X
- Definition Tabular disclosure of revenue attributed to and long-lived asset located in country of domicile and foreign country from which revenue is derived and in which asset is held, if it is not provided as part of reportable segment information. Long-lived asset excludes financial instrument, long-term customer relationship of financial institution, mortgage and other servicing rights, deferred policy acquisition cost, and deferred tax asset. Includes, but is not limited to, subtotal of geographical information about group of countries. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 41 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-41 + Details
Name: | us-gaap_ScheduleOfRevenuesFromExternalCustomersAndLongLivedAssetsByGeographicalAreasTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of segment reporting. Includes, but is not limited to, reconciliation of reportable segment amount to corresponding consolidated total. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 31 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-31 Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 34 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-34 Reference 3: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 32 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-32 Reference 4: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 30 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-30 Reference 5: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 26C -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-26C Reference 6: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 26B -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-26B Reference 7: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 26A -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-26A Reference 8: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 25 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-25 Reference 9: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 22 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-22 Reference 10: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 15 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-15 + Details
Name: | us-gaap_ScheduleOfSegmentReportingInformationBySegmentTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | us-gaap_SegmentReportingAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration