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CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
REVENUES $ 19,934.3 $ 17,873.7 $ 16,222.1
Cost of sales 16,693.3 14,853.4 13,256.9
GROSS PROFIT 3,241.0 3,020.3 2,965.2
Selling, general and administrative expenses 2,179.2 1,926.8 1,783.3
Depreciation and amortization expense 113.1 92.0 88.4
Asset impairments 33.0 32.9 2.1
Restructuring charges 16.7 0.0 0.0
Other operating (income) expense (10.0) 0.0 0.0
INCOME FROM OPERATIONS 909.1 968.6 1,091.4
INTEREST EXPENSE:      
Floorplan interest expense 108.5 64.1 27.3
Other interest expense, net 141.3 99.8 77.5
Other expense 0.7 4.5 1.2
INCOME BEFORE INCOME TAXES 658.5 800.2 985.3
Provision for income taxes 161.5 198.2 231.1
Net income from continuing operations 497.0 602.0 754.2
Net income (loss) from discontinued operations 1.2 (0.4) (2.7)
NET INCOME $ 498.1 $ 601.6 $ 751.5
BASIC EARNINGS PER SHARE:      
Basic earnings per share continuing operations (in dollars per shares) $ 36.88 $ 42.92 $ 47.46
Basic earnings per share discontinuing operations (in dollars per shares) 0.09 (0.03) (0.17)
Basic earnings per share (in dollars per shares) 36.96 42.89 47.29
DILUTED EARNINGS PER SHARE:      
Diluted earnings per share continuing operations (in dollars per shares) 36.72 42.75 47.31
Diluted earnings per share discontinuing operations (in dollars per shares) 0.09 (0.03) (0.17)
Total (in dollars per shares) $ 36.81 $ 42.73 $ 47.14
WEIGHTED AVERAGE COMMON SHARES OUTSTANDING:      
Weighted average common shares outstanding basic (in shares) 13,192,518 13,681,660 15,441,292
Weighted average common shares outstanding diluted (in shares) 13,249,884 13,734,799 15,493,616
New vehicle retail sales      
REVENUES $ 9,972.4 $ 8,774.6 $ 7,452.5
Cost of sales 9,254.5 8,007.6 6,627.0
Used vehicle retail sales      
REVENUES 6,179.9 5,693.5 5,673.3
Cost of sales 5,849.9 5,392.6 5,359.6
Used vehicle wholesale sales      
REVENUES 462.4 441.4 364.6
Cost of sales 465.7 445.2 364.6
Parts and service sales      
REVENUES 2,491.0 2,222.3 2,009.5
Cost of sales 1,123.2 1,008.0 905.8
Finance, insurance and other, net      
REVENUES $ 828.7 $ 741.9 $ 722.2