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ACQUISITIONS (Tables)
 12 Months Ended
Dec. 31, 2024
Business Combination, Asset Acquisition, and Joint Venture Formation [Abstract]  
Schedule of recognized identified assets acquired and liabilities assumed
The following table summarizes the consideration paid and aggregate amounts of assets acquired and liabilities assumed as of December 31, 2024 (in millions):
Total consideration$517.0 
Identifiable assets acquired and liabilities assumed
Cash
$23.4 
Contracts-in-transit and vehicle receivables, net27.6 
Accounts receivable, net
37.7 
Inventories384.3 
Prepaid expenses and other current assets
13.0 
Property and equipment287.0 
Operating lease assets102.5 
Intangible franchise rights121.8 
Total assets acquired997.3 
Floorplan notes payable
236.4 
Accounts payable
204.6 
Accrued expenses
54.5 
Operating lease liabilities75.4 
Deferred income taxes
20.2 
Other liabilities
3.9 
Total liabilities assumed595.1 
Total identifiable net assets402.2 
Goodwill$114.8 
Pro forma information
The following unaudited pro forma financial information presents consolidated information of the Company as if the Inchcape Acquisition had occurred on January 1, 2023 (in millions):
Year Ended December 31,
20242023
(unaudited)
Revenues$21,498.7 $20,503.1 
Net income$522.7 $584.6