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Unaudited Condensed Consolidated Statements Of Cash Flows - USD ($)
$ in Millions
9 Months Ended
Sep. 30, 2024
Sep. 30, 2023
CASH PROVIDED BY (USED IN) OPERATING ACTIVITIES:    
Net income $ 506.1 $ 804.9
Adjustments to reconcile net income to net cash provided by operating activities:    
Income from discontinued operations 0.0 (0.9)
Depreciation and amortization 179.5 163.1
Amortization of debt issuance costs and accretion of debt discounts 7.0 7.0
Stock-based compensation expense 29.8 31.6
Provision for credit losses on auto loans receivable 34.0 36.0
Deferred income tax provision 3.0 5.1
Net gain related to business/property dispositions (54.6) (1.1)
Non-cash impairment charges 10.2 2.7
Loss on equity investments 8.5 2.3
Gain on corporate-owned life insurance asset (16.1) (4.9)
Gain on sale of auto loans receivable 0.0 (8.1)
Other 2.2 1.2
(Increase) decrease, net of effects from business acquisitions and divestitures:    
Receivables 116.6 (15.1)
Auto loans receivable, net (588.3) (112.7)
Inventory (589.8) (563.0)
Other assets 16.8 (108.2)
Increase (decrease), net of effects from business acquisitions and divestitures:    
Vehicle floorplan payable - trade 511.9 412.0
Accounts payable (44.2) 6.4
Other liabilities 32.3 104.6
Net cash provided by continuing operations 164.9 762.9
Net cash used in discontinued operations 0.0 (0.3)
Net cash provided by operating activities 164.9 762.6
CASH PROVIDED BY (USED IN) INVESTING ACTIVITIES:    
Purchases of property and equipment (262.2) (286.0)
Cash received from business divestitures, net of cash relinquished 156.0 0.0
Cash paid for business acquisitions, net of cash acquired 0.0 (271.1)
Originations of auto loans receivable acquired through third-party dealers 0.0 (110.9)
Collections on auto loans receivable acquired through third-party dealers 65.1 110.1
Proceeds from the sale of auto loans receivable 0.0 68.7
Other 9.1 (7.8)
Net cash used in continuing operations (32.0) (497.0)
Net cash used in discontinued operations 0.0 0.0
Net cash used in investing activities (32.0) (497.0)
CASH PROVIDED BY (USED IN) FINANCING ACTIVITIES:    
Repurchases of common stock (355.6) (723.2)
Net proceeds from (payments of) commercial paper (90.0) 300.0
Proceeds from non-recourse debt 1,021.5 151.6
Payments of non-recourse debt (635.0) (232.1)
Payment of debt issuance costs (1.5) (6.6)
Net proceeds from (payments of) vehicle floorplan payable - non-trade (24.0) 260.4
Payments of other debt obligations (9.7) (9.4)
Proceeds from the exercise of stock options 0.4 1.9
Payments of tax withholdings for stock-based awards (17.6) (25.2)
Net cash used in continuing operations (111.5) (282.6)
Net cash used in discontinued operations 0.0 0.0
Net cash used in financing activities (111.5) (282.6)
INCREASE (DECREASE) IN CASH, CASH EQUIVALENTS, AND RESTRICTED CASH 21.4 (17.0)
CASH, CASH EQUIVALENTS, AND RESTRICTED CASH at beginning of period 77.0 95.4
CASH, CASH EQUIVALENTS, AND RESTRICTED CASH at end of period $ 98.4 $ 78.4