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CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
REVENUES $ 17,873.7 $ 16,222.1 $ 13,481.9
COST OF SALES 14,853.4 13,256.9 11,041.2
GROSS PROFIT 3,020.3 2,965.2 2,440.7
Selling, general and administrative expenses 1,926.8 1,783.3 1,477.2
Depreciation and amortization expense 92.0 88.4 77.4
Asset impairments 32.9 2.1 1.7
INCOME FROM OPERATIONS 968.6 1,091.4 884.4
INTEREST EXPENSE:      
Floorplan interest expense 64.1 27.3 27.6
Other interest expense, net 99.8 77.5 55.8
Other expense 4.5 1.2 0.0
INCOME BEFORE INCOME TAXES 800.2 985.3 800.9
Provision for income taxes 198.2 231.1 175.5
Net income from continuing operations 602.0 754.2 625.4
Net loss from discontinued operations (0.4) (2.7) (73.3)
NET INCOME $ 601.6 $ 751.5 $ 552.1
BASIC EARNINGS PER SHARE:      
Basic earnings per share continuing operations (in dollars per shares) $ 42.92 $ 47.46 $ 34.23
Basic earnings per share discontinuing operations (in dollars per shares) (0.03) (0.17) (4.01)
Basic earnings per share (in dollars per shares) 42.89 47.29 30.22
DILUTED EARNINGS PER SHARE:      
Diluted earnings per share continuing operations (in dollars per shares) 42.75 47.31 34.11
Diluted earnings per share discontinuing operations (in dollars per shares) (0.03) (0.17) (4.00)
Diluted earnings per share (in dollars per shares) $ 42.73 $ 47.14 $ 30.11
WEIGHTED AVERAGE COMMON SHARES OUTSTANDING:      
Weighted average common shares outstanding basic (in shares) 13,681,660 15,441,292 17,655,365
Weighted average common shares outstanding diluted (in shares) 13,734,799 15,493,616 17,722,212
New vehicle retail sales      
REVENUES $ 8,774.6 $ 7,452.5 $ 6,504.8
COST OF SALES 8,007.6 6,627.0 5,894.0
Used vehicle retail sales      
REVENUES 5,693.5 5,673.3 4,438.8
COST OF SALES 5,392.6 5,359.6 4,084.6
Used vehicle wholesale sales      
REVENUES 441.4 364.6 365.7
COST OF SALES 445.2 364.6 340.9
Parts and service sales      
REVENUES 2,222.3 2,009.5 1,591.2
COST OF SALES 1,008.0 905.8 721.8
Finance, insurance and other, net      
REVENUES $ 741.9 $ 722.2 $ 581.4