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Consolidated Statements of Operations - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2017
Sep. 30, 2016
Sep. 30, 2017
Sep. 30, 2016
REVENUES:        
New vehicle retail sales $ 1,710,241 $ 1,587,952 $ 4,496,222 $ 4,538,562
Used vehicle retail sales 743,038 702,620 2,089,914 2,106,569
Used vehicle wholesale sales 104,827 104,218 308,361 302,089
Parts and service sales 343,193 319,676 994,522 950,341
Finance, insurance and other, net 110,993 108,710 314,297 316,419
Total revenues 3,012,292 2,823,176 8,203,316 8,213,980
COST OF SALES:        
New vehicle retail sales 1,621,909 1,507,517 4,263,752 4,305,252
Used vehicle retail sales 695,915 656,652 1,952,873 1,963,136
Used vehicle wholesale sales 105,012 106,077 308,713 302,551
Parts and service sales 158,036 146,262 458,144 437,153
Total cost of sales 2,580,872 2,416,508 6,983,482 7,008,092
GROSS PROFIT 431,420 406,668 1,219,834 1,205,888
SELLING, GENERAL AND ADMINISTRATIVE EXPENSES 328,327 299,006 916,674 891,692
DEPRECIATION AND AMORTIZATION EXPENSE 15,059 12,891 42,758 38,067
ASSET IMPAIRMENTS 9,526 10,855 9,526 12,812
INCOME FROM OPERATIONS 78,508 83,916 250,876 263,317
OTHER EXPENSE:        
Floorplan interest expense (13,491) (11,135) (38,659) (33,737)
Other interest expense, net (17,874) (17,094) (52,188) (50,729)
INCOME BEFORE INCOME TAXES 47,143 55,687 160,029 178,851
PROVISION FOR INCOME TAXES (17,262) (20,321) (57,076) 62,614
NET INCOME $ 29,881 $ 35,366 $ 102,953 $ 116,237
BASIC EARNINGS PER SHARE $ 1.43 $ 1.65 $ 4.85 $ 5.23
Weighted average common shares outstanding 20,222 20,568 20,475 21,355
DILUTED EARNINGS PER SHARE $ 1.43 $ 1.65 $ 4.85 $ 5.22
Weighted average common shares outstanding 20,225 20,578 20,480 21,364
CASH DIVIDENDS PER COMMON SHARE $ 0.24 $ 0.23 $ 0.72 $ 0.68