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Consolidated Statements of Operations - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2019
Dec. 31, 2018
Dec. 31, 2017
REVENUES $ 12,043.8 $ 11,601.4 $ 11,123.7
COST OF SALES 10,227.8 9,876.3 9,478.2
GROSS PROFIT 1,816.0 1,725.1 1,645.5
Selling, general and administrative expenses 1,358.4 1,273.1 1,226.2
Depreciation and amortization expense 71.6 67.1 57.9
Asset impairments 22.2 43.9 19.5
INCOME (LOSS) FROM OPERATIONS 363.7 341.1 341.9
INTEREST EXPENSE:      
Floorplan interest expense 61.6 59.9 52.4
Other interest expense, net 74.9 75.8 70.5
INCOME (LOSS) BEFORE INCOME TAXES 227.3 205.4 219.0
(Benefit) provision for income taxes 53.3 47.6 5.6
NET INCOME (LOSS) $ 174.0 $ 157.8 $ 213.4
BASIC EARNINGS (LOSS) PER SHARE (in dollars per share) $ 9.35 $ 7.83 $ 10.08
Weighted average common shares outstanding (in shares) 17,917,195 19,452,560 20,419,858
DILUTED EARNINGS (LOSS) PER SHARE (in dollars per share) $ 9.34 $ 7.83 $ 10.08
Weighted average common shares outstanding (in shares) 17,936,074 19,461,052 20,424,899
New vehicle retail sales      
REVENUES $ 6,314.1 $ 6,181.4 $ 6,157.5
COST OF SALES 6,013.3 5,870.5 5,835.5
Used vehicle retail sales      
REVENUES 3,366.6 3,166.1 2,799.0
COST OF SALES 3,165.3 2,980.1 2,621.4
Used vehicle wholesale sales      
REVENUES 355.2 369.6 400.2
COST OF SALES 354.1 367.9 402.9
Parts and service sales      
REVENUES 1,510.0 1,416.9 1,338.0
COST OF SALES 695.0 657.7 618.3
Finance, insurance and other, net      
REVENUES $ 497.9 $ 467.5 $ 429.0