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ACQUISITIONS AND DISPOSITIONS (Tables)

3 Months Ended

Mar. 31, 2025

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 March 31, 2025 (in millions):

Total consideration						$	517.0
Identifiable assets acquired and liabilities assumed
Cash						$	23.4
Contracts-in-transit and vehicle receivables, net						27.6
Accounts receivable, net						37.7
Inventories						384.3
Prepaid expenses and other current assets						14.1
Property and equipment						282.2
Operating lease assets						104.3
Intangible franchise rights						123.7
Total assets acquired						997.3
Floorplan notes payable						236.4
Accounts payable						204.6
Accrued expenses						54.0
Operating lease liabilities						75.4
Deferred income taxes						27.6
Other liabilities						3.9
Total liabilities assumed						602.0
Total identifiable net assets						395.3
Goodwill						$	121.7

Schedule of 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, 2024 (in millions):

						Three Months Ended March 31, 2024
						(unaudited)
Revenues						$	5,155.6
Net income						$	145.5

X

- Definition

Tabular disclosure of pro forma results of operations for a material business acquisition or series of individually immaterial business acquisitions that are material in the aggregate.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (h)(2)
-SubTopic 10
-Topic 805
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479328/805-10-50-2

Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (h)(3)
-SubTopic 10
-Topic 805
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479328/805-10-50-2

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- References

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X

- Definition

Tabular disclosure of the amounts recognized as of the acquisition date for each major class of assets acquired and liabilities assumed. May include but not limited to the following: (a) acquired receivables; (b) contingencies recognized at the acquisition date; and (c) the fair value of noncontrolling interests in the acquiree.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Topic 805
-SubTopic 20
-Name Accounting Standards Codification
-Paragraph 1
-Section 50
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479907/805-20-50-1

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