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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Millions
 9 Months Ended
Sep. 30, 2019
Sep. 30, 2018
CASH FLOWS FROM OPERATING ACTIVITIES    
Net income (loss) $ 125.9 $ 127.1
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:    
Depreciation and amortization 53.0 50.0
Change in operating lease assets 21.2 0.0
Deferred income taxes 3.6 4.1
Asset impairments 10.8 27.4
Stock-based compensation 14.4 14.2
Amortization of debt discount and issue costs 3.1 2.5
(Gain) loss on disposition of assets (5.9) (27.0)
Other 0.7 0.6
Changes in operating assets and liabilities, net of effects of acquisitions and dispositions:    
Accounts payable and accrued expenses 99.1 35.5
Accounts and notes receivable (31.6) 28.4
Inventories 41.7 33.7
Contracts-in-transit and vehicle receivables 8.1 70.2
Prepaid expenses and other assets (10.5) (22.4)
Floorplan notes payable - manufacturer affiliates (1.1) 13.9
Deferred revenues (0.4) (0.8)
Operating lease liabilities (21.3) 0.0
Net cash provided by (used in) operating activities 310.8 357.4
CASH FLOWS FROM INVESTING ACTIVITIES    
Cash paid for acquisitions, net of cash received (97.0) (135.3)
Proceeds from disposition of franchises, property and equipment 43.1 107.7
Purchases of property and equipment, including real estate (139.5) (118.3)
Other (0.1) 0.4
Net cash provided by (used in) investing activities (193.5) (145.5)
CASH FLOWS FROM FINANCING ACTIVITIES    
Borrowings on credit facility - floorplan line and other 5,311.2 5,106.8
Repayments on credit facility - floorplan line and other (5,364.3) (5,185.2)
Borrowings on credit facility - acquisition line 230.5 98.6
Repayments on credit facility - acquisition line (211.4) (91.4)
Debt issue costs (3.2)  
Borrowings on other debt 130.8 123.3
Principal payments on other debt (133.7) (105.6)
Borrowings on debt related to real estate, net of debt issue costs 74.8 54.7
Principal payments on debt related to real estate (112.8) (83.2)
Employee stock purchase plan purchases, net of employee tax withholdings 2.8 1.5
Proceeds from termination of mortgage swap 0.0 0.9
Repurchases of common stock, amounts based on settlement date 0.0 (108.6)
Dividends paid (14.8) (16.0)
Net cash provided by (used in) financing activities (90.1) (204.2)
Effect of exchange rate changes on cash (1.3) (2.9)
Net increase (decrease) in cash, cash equivalents and restricted cash 25.9 4.8
CASH, CASH EQUIVALENTS AND RESTRICTED CASH, beginning of period 18.7 29.6
CASH, CASH EQUIVALENTS AND RESTRICTED CASH, end of period $ 44.6 $ 34.4