XML 15 R4.htm IDEA: XBRL DOCUMENT v3.21.1
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
$ in Millions
 3 Months Ended
Mar. 31, 2021
Mar. 31, 2020
REVENUES $ 3,010.0 $ 2,690.8
COST OF SALES 2,519.4 2,274.3
GROSS PROFIT 490.7 416.5
Selling, general and administrative expenses 318.4 328.0
Depreciation and amortization expense 19.5 18.6
INCOME (LOSS) FROM OPERATIONS 152.7 69.9
Floorplan interest expense 7.6 12.9
Other interest expense, net 13.8 18.1
INCOME (LOSS) BEFORE INCOME TAXES 131.4 38.9
(Benefit) provision for income taxes 29.4 9.1
NET INCOME (LOSS) $ 101.9 $ 29.8
BASIC EARNINGS (LOSS) PER SHARE (in dollars per share) $ 5.54 $ 1.62
Weighted average common shares outstanding (in shares) 17,757,693 17,763,451
DILUTED EARNINGS (LOSS) PER SHARE (in dollars per share) $ 5.52 $ 1.61
Weighted average dilutive common shares outstanding (in shares) 17,824,088 17,808,261
New vehicle retail sales    
REVENUES $ 1,543.4 $ 1,342.2
COST OF SALES 1,444.3 1,279.4
Used vehicle retail sales    
REVENUES 898.8 779.0
COST OF SALES 839.2 736.9
Used vehicle wholesale sales    
REVENUES 80.2 86.5
COST OF SALES 76.3 85.5
Parts and service sales    
REVENUES 360.6 370.6
COST OF SALES 159.6 172.6
Finance, insurance and other, net    
REVENUES $ 127.0 $ 112.5