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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited) - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2022
Mar. 31, 2021
REVENUES $ 3,844.4 $ 2,953.9
COST OF SALES 3,119.7 2,472.7
GROSS PROFIT 724.7 481.3
Selling, general and administrative expenses 418.5 311.4
Depreciation and amortization expense 21.2 19.2
INCOME FROM OPERATIONS 285.0 150.7
Floorplan interest expense 5.3 7.5
Other interest expense, net 17.4 13.2
INCOME BEFORE INCOME TAXES 262.3 130.0
Provision for income taxes 61.2 29.1
Net income from continuing operations 201.1 100.9
Net income from discontinued operations 1.8 1.0
Net income $ 202.9 $ 101.9
BASIC EARNINGS PER SHARE:    
Basic earnings per share continuing operations (in dollars per shares) $ 11.81 $ 5.49
Basic earnings per share discontinuing operations (in dollars per shares) 0.11 0.06
Basic earnings per share (in dollars per shares) 11.92 5.54
DILUTED EARNINGS PER SHARE:    
Diluted earnings per share continuing operations (in dollars per shares) 11.78 5.47
Diluted earnings per share discontinuing operations (in dollars per shares) 0.11 0.06
Diluted earnings per common share (in dollars per share) $ 11.88 $ 5.52
WEIGHTED AVERAGE COMMON SHARES OUTSTANDING:    
Weighted average common shares outstanding, Basic (in shares) 16,529,351 17,757,693
Weighted average common shares outstanding, Diluted (in shares) 16,585,614 17,824,088
New vehicle retail sales    
REVENUES $ 1,745.1 $ 1,509.2
COST OF SALES 1,543.9 1,413.6
Used vehicle retail sales    
REVENUES 1,359.9 888.1
COST OF SALES 1,272.0 829.6
Used vehicle wholesale sales    
REVENUES 93.5 78.2
COST OF SALES 90.6 74.5
Parts and service sales    
REVENUES 472.9 352.8
COST OF SALES 213.1 155.0
Finance, insurance and other, net    
REVENUES $ 173.0 $ 125.6