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Consolidated Statements of Operations - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended
Mar. 31, 2017
Mar. 31, 2016
REVENUES:    
New vehicle retail sales $ 1,337,213 $ 1,409,851
Used vehicle retail sales 660,927 688,171
Used vehicle wholesale sales 104,157 101,592
Parts and service sales 319,698 308,592
Finance, insurance and other, net 96,834 100,149
Total revenues 2,518,829 2,608,355
COST OF SALES:    
New vehicle retail sales 1,267,986 1,338,124
Used vehicle retail sales 615,922 638,971
Used vehicle wholesale sales 104,057 100,143
Parts and service sales 147,342 142,016
Total cost of sales 2,135,307 2,219,254
GROSS PROFIT 383,522 389,101
SELLING, GENERAL AND ADMINISTRATIVE EXPENSES 289,779 293,664
DEPRECIATION AND AMORTIZATION EXPENSE 13,606 12,464
ASSET IMPAIRMENTS 0 932
INCOME FROM OPERATIONS 80,137 82,041
OTHER EXPENSE:    
Floorplan interest expense (11,942) (11,010)
Other interest expense, net (16,999) (16,929)
INCOME BEFORE INCOME TAXES 51,196 54,102
PROVISION FOR INCOME TAXES (17,257) (19,811)
NET INCOME $ 33,939 $ 34,291
BASIC EARNINGS PER SHARE $ 1.58 $ 1.47
Weighted average common shares outstanding 20,692 22,448
DILUTED EARNINGS PER SHARE $ 1.58 $ 1.47
Weighted average common shares outstanding 20,698 22,453
CASH DIVIDENDS PER COMMON SHARE $ 0.24 $ 0.22