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Unaudited Condensed Consolidated Statements Of Income - USD ($)
shares in Millions, $ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2024
Sep. 30, 2023
Sep. 30, 2024
Sep. 30, 2023
TOTAL REVENUE $ 6,586.1 $ 6,892.7 $ 19,552.2 $ 20,181.5
TOTAL COST OF SALES 5,403.3 5,598.1 16,008.4 16,265.2
TOTAL GROSS PROFIT 1,182.8 1,294.6 3,543.8 3,916.3
Selling, general, and administrative expenses 811.3 819.3 2,430.2 2,444.9
Depreciation and amortization 61.3 55.7 179.5 163.1
Other (income) expense, net (40.5) 0.1 (31.9) 6.3
OPERATING INCOME 350.7 419.5 966.0 1,302.0
Non-operating income (expense) items:        
Floorplan interest expense (60.5) (38.3) (163.8) (98.2)
Other interest expense (44.9) (48.8) (136.3) (135.9)
Other income (loss), net 2.1 (5.0) 9.0 4.6
INCOME FROM CONTINUING OPERATIONS BEFORE INCOME TAXES 247.4 327.4 674.9 1,072.5
Income tax provision 61.6 83.7 168.8 268.5
NET INCOME FROM CONTINUING OPERATIONS 185.8 243.7 506.1 804.0
Income from discontinued operations, net of income taxes 0.0 0.0 0.0 0.9
NET INCOME $ 185.8 $ 243.7 $ 506.1 $ 804.9
BASIC EARNINGS PER SHARE:        
Continuing operations (in dollars per share) [1] $ 4.66 $ 5.59 $ 12.40 $ 17.75
Discontinued operations (in dollars per share) [1] 0 0 0 0.02
Net income (in dollars per share) [1] $ 4.66 $ 5.59 $ 12.40 $ 17.77
Weighted average common shares outstanding (in shares) 39.9 43.6 40.8 45.3
DILUTED EARNINGS PER SHARE:        
Continuing operations (in dollars per share) [1] $ 4.61 $ 5.54 $ 12.31 $ 17.63
Discontinued operations (in dollars per share) [1] 0 0 0 0.02
Net income (in dollars per share) [1] $ 4.61 $ 5.54 $ 12.31 $ 17.65
Weighted average common shares outstanding (in shares) 40.3 44.0 41.1 45.6
COMMON SHARES OUTSTANDING, net of treasury stock, at period end (in shares) 39.6 42.8 39.6 42.8
New vehicle        
TOTAL REVENUE $ 3,171.2 $ 3,187.6 $ 9,273.0 $ 9,400.5
TOTAL COST OF SALES 2,994.1 2,936.9 8,709.6 8,575.2
TOTAL GROSS PROFIT 177.1 250.7 563.4 825.3
Used vehicle        
TOTAL REVENUE 1,901.4 2,172.1 5,808.6 6,292.7
TOTAL COST OF SALES 1,790.2 2,044.3 5,474.5 5,876.2
TOTAL GROSS PROFIT 111.2 127.8 334.1 416.5
Parts and service        
TOTAL REVENUE 1,170.9 1,157.4 3,460.4 3,392.5
TOTAL COST OF SALES 612.7 611.6 1,809.8 1,793.1
TOTAL GROSS PROFIT 558.2 545.8 1,650.6 1,599.4
Finance and insurance, net        
TOTAL REVENUE 335.4 369.5 994.1 1,071.4
TOTAL GROSS PROFIT 335.4 369.5 994.1 1,071.4
Other        
TOTAL REVENUE 7.2 6.1 16.1 24.4
TOTAL COST OF SALES 6.3 5.3 14.5 20.7
TOTAL GROSS PROFIT $ 0.9 $ 0.8 $ 1.6 $ 3.7
[1]
(1) EPS amounts are calculated discretely and, therefore, may not add up to the total due to rounding.