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Unaudited Condensed Consolidated Income Statements - USD ($)
shares in Millions, $ in Millions
3 Months Ended
Mar. 31, 2022
Mar. 31, 2021
TOTAL REVENUE $ 6,752.8 $ 5,903.8
TOTAL COST OF SALES (excluding depreciation shown below) 5,443.9 4,871.0
TOTAL GROSS PROFIT 1,308.9 1,032.8
Selling, general, and administrative expenses 741.4 647.9
Depreciation and amortization 50.0 47.9
Other (income) expense, net (1.5) 0.1
OPERATING INCOME 519.0 336.9
Non-operating income (expense) items:    
Floorplan interest expense (5.2) (9.4)
Other interest expense (29.6) (21.2)
Other income (loss), net (6.4) 11.0
INCOME FROM CONTINUING OPERATIONS BEFORE INCOME TAXES 477.8 317.3
Income tax provision 115.7 77.8
NET INCOME FROM CONTINUING OPERATIONS 362.1 239.5
Loss from discontinued operations, net of income taxes 0.0 (0.1)
NET INCOME $ 362.1 $ 239.4
BASIC EARNINGS (LOSS) PER SHARE:    
Continuing operations (in dollars per share) $ 5.83 $ 2.88
Discontinued operations (in dollars per share) 0 0
Net income (in dollars per share) $ 5.83 $ 2.88
Weighted average common shares outstanding (in shares) 62.1 83.1
DILUTED EARNINGS (LOSS) PER SHARE:    
Continuing operations (in dollars per share) $ 5.78 $ 2.85
Discontinued operations (in dollars per share) 0 0
Net income (in dollars per share) $ 5.78 $ 2.85
Weighted average common shares outstanding (in shares) 62.6 83.9
COMMON SHARES OUTSTANDING, net of treasury stock, at period end (in shares) 59.7 80.5
New Vehicle [Member]    
TOTAL REVENUE $ 2,807.2 $ 2,982.3
TOTAL COST OF SALES (excluding depreciation shown below) 2,462.2 2,792.3
TOTAL GROSS PROFIT 345.0 190.0
Used Vehicle [Member]    
TOTAL REVENUE 2,572.4 1,749.1
TOTAL COST OF SALES (excluding depreciation shown below) 2,435.8 1,608.9
TOTAL GROSS PROFIT 136.6 140.2
Parts and Service [Member]    
TOTAL REVENUE 1,003.9 851.0
TOTAL COST OF SALES (excluding depreciation shown below) 542.8 462.0
TOTAL GROSS PROFIT 461.1 389.0
Finance and Insurance, Net [Member]    
TOTAL REVENUE 363.9 313.0
TOTAL GROSS PROFIT 363.9 313.0
Product and Service, Other [Member]    
TOTAL REVENUE 5.4 8.4
TOTAL COST OF SALES (excluding depreciation shown below) 3.1 7.8
TOTAL GROSS PROFIT $ 2.3 $ 0.6