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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
$ in Millions
 3 Months Ended 6 Months Ended
Jun. 30, 2021
Jun. 30, 2020
Jun. 30, 2021
Jun. 30, 2020
REVENUES $ 3,700.4 $ 2,131.2 $ 6,710.5 $ 4,822.0
COST OF SALES 3,039.2 1,772.4 5,558.5 4,046.7
GROSS PROFIT 661.3 358.8 1,151.9 775.3
Selling, general and administrative expenses 376.7 237.2 695.2 565.1
Depreciation and amortization expense 18.8 18.8 38.3 37.4
Asset impairments 0.0 23.8 0.0 23.8
INCOME FROM OPERATIONS 265.8 79.0 418.5 148.9
Floorplan interest expense 8.8 10.1 16.4 23.0
Other interest expense, net 13.7 16.2 27.5 34.3
Loss on extinguishment of debt 0.0 10.4 0.0 10.4
INCOME BEFORE INCOME TAXES 243.2 42.3 374.6 81.2
Provision for income taxes 52.3 12.2 81.7 21.3
NET INCOME $ 191.0 $ 30.2 $ 292.9 $ 60.0
BASIC EARNINGS PER SHARE (in dollars per share) $ 10.40 $ 1.64 $ 15.94 $ 3.25
Weighted average common shares outstanding (in shares) 17,747,518 17,771,447 17,752,577 17,767,449
DILUTED EARNINGS PER SHARE (in dollars per share) $ 10.35 $ 1.63 $ 15.88 $ 3.25
Weighted average dilutive common shares outstanding (in shares) 17,829,470 17,811,613 17,826,794 17,809,937
New vehicle retail sales        
REVENUES $ 1,855.3 $ 1,062.7 $ 3,398.7 $ 2,404.8
COST OF SALES 1,690.0 998.9 3,134.4 2,278.3
Used vehicle retail sales        
REVENUES 1,195.6 641.2 2,094.4 1,420.3
COST OF SALES 1,086.5 594.9 1,925.7 1,331.8
Used vehicle wholesale sales        
REVENUES 96.4 48.7 176.6 135.2
COST OF SALES 87.2 46.6 163.5 132.1
Parts and service sales        
REVENUES 392.1 282.0 752.8 652.6
COST OF SALES 175.4 132.0 335.0 304.5
Finance, insurance and other, net        
REVENUES $ 161.0 $ 96.7 $ 288.0 $ 209.2