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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2023
Mar. 31, 2022
REVENUES $ 4,130.0 $ 3,844.4
COST OF SALES 3,402.1 3,119.7
GROSS PROFIT 727.9 724.7
Selling, general and administrative expenses 462.8 418.5
Depreciation and amortization expense 22.4 21.2
Asset impairments 1.1 0.0
INCOME FROM OPERATIONS 241.5 285.0
Floorplan interest expense 12.6 5.3
Other interest expense, net 19.7 17.4
Other expense 2.8 0.0
INCOME BEFORE INCOME TAXES 206.4 262.3
Provision for income taxes 47.6 61.2
Net income from continuing operations 158.8 201.1
Net (loss) income from discontinued operations (0.3) 1.8
NET INCOME $ 158.4 $ 202.9
BASIC EARNINGS PER SHARE:    
Basic earnings per share continuing operations (in dollars per shares) $ 11.16 $ 11.81
Basic earnings per share discontinuing operations (in dollars per shares) (0.02) 0.11
Basic earnings per share (in dollars per shares) 11.14 11.92
DILUTED EARNINGS PER SHARE:    
Diluted earnings per share continuing operations (in dollars per shares) 11.12 11.78
Diluted earnings per share discontinuing operations (in dollars per shares) (0.02) 0.11
Diluted earnings per common share (in dollars per share) $ 11.10 $ 11.88
WEIGHTED AVERAGE COMMON SHARES OUTSTANDING:    
Weighted average common shares outstanding, Basic (in shares) 13,861,289 16,529,351
Weighted average common shares outstanding, Diluted (in shares) 13,914,727 16,585,614
New vehicle retail sales    
REVENUES $ 1,955.7 $ 1,745.1
COST OF SALES 1,769.0 1,543.9
Used vehicle retail sales    
REVENUES 1,348.9 1,359.9
COST OF SALES 1,272.1 1,272.0
Used vehicle wholesale sales    
REVENUES 112.0 93.5
COST OF SALES 110.0 90.6
Parts and service sales    
REVENUES 548.3 472.9
COST OF SALES 251.0 213.1
Finance, insurance and other, net    
REVENUES $ 165.1 $ 173.0