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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
$ in Millions
 3 Months Ended 6 Months Ended
Jun. 30, 2023
Jun. 30, 2022
Jun. 30, 2023
Jun. 30, 2022
REVENUES $ 4,558.5 $ 4,145.4 $ 8,688.5 $ 7,989.7
COST OF SALES 3,783.0 3,377.0 7,185.1 6,496.6
GROSS PROFIT 775.5 768.4 1,503.4 1,493.1
Selling, general and administrative expenses 479.9 460.2 942.7 878.6
Depreciation and amortization expense 23.1 23.0 45.5 44.2
Asset impairments 1.8 0.8 2.9 0.8
INCOME FROM OPERATIONS 270.8 284.5 512.3 569.5
Floorplan interest expense 15.6 5.9 28.2 11.2
Other interest expense, net 25.9 18.5 45.6 35.9
Other expense 1.3 0.0 4.2 0.0
INCOME BEFORE INCOME TAXES 227.9 260.1 434.3 522.4
Provision for income taxes 57.6 60.8 105.2 122.0
Net income from continuing operations 170.3 199.3 329.1 400.4
Net income (loss) from discontinued operations 0.2 (3.4) (0.1) (1.6)
NET INCOME $ 170.5 $ 195.9 $ 329.0 $ 398.9
BASIC EARNINGS PER SHARE:        
Basic earnings per share continuing operations (in dollars per shares) $ 12.06 $ 12.15 $ 23.22 $ 23.96
Basic earnings per share discontinuing operations (in dollars per shares) 0.02 (0.21) (0.01) (0.09)
Basic earnings per share (in dollars per shares) 12.08 11.94 23.21 23.87
DILUTED EARNINGS PER SHARE:        
Diluted earnings per share continuing operations (in dollars per shares) 12.02 12.11 23.14 23.88
Diluted earnings per share discontinuing operations (in dollars per shares) 0.02 (0.20) (0.01) (0.09)
Diluted earnings per common share (in dollars per share) $ 12.04 $ 11.90 $ 23.13 $ 23.79
WEIGHTED AVERAGE COMMON SHARES OUTSTANDING:        
Weighted average common shares outstanding, Basic (in shares) 13,777,225 15,956,258 13,819,024 16,241,221
Weighted average common shares outstanding, Diluted (in shares) 13,817,283 16,012,282 13,865,736 16,297,364
New vehicle retail sales        
REVENUES $ 2,243.2 $ 1,851.3 $ 4,198.9 $ 3,596.4
COST OF SALES 2,041.7 1,641.0 3,810.7 3,184.9
Used vehicle retail sales        
REVENUES 1,450.6 1,505.4 2,799.5 2,865.3
COST OF SALES 1,371.8 1,415.9 2,644.0 2,688.0
Used vehicle wholesale sales        
REVENUES 112.5 95.8 224.4 189.3
COST OF SALES 111.6 95.1 221.6 185.7
Parts and service sales        
REVENUES 562.0 502.6 1,110.3 975.5
COST OF SALES 257.9 224.9 508.9 438.0
Finance, insurance and other, net        
REVENUES $ 190.3 $ 190.2 $ 355.4 $ 363.2