XML 50 R33.htm IDEA: XBRL DOCUMENT v3.25.1
RECEIVABLES, NET AND CONTRACT ASSETS (Tables)
3 Months Ended
Mar. 31, 2025
Receivables [Abstract]  
Schedule of Accounts and Notes Receivable
The Company’s receivables, net and contract assets consisted of the following (in millions):
March 31, 2025December 31, 2024
Contracts-in-transit and vehicle receivables, net:
Contracts-in-transit$307.4 $250.3 
Vehicle receivables127.0 110.6 
Total contracts-in-transit and vehicle receivables434.4 360.9 
Less: allowance for doubtful accounts 0.7 0.8 
Total contracts-in-transit and vehicle receivables, net$433.7 $360.1 
Accounts and notes receivable, net:
Manufacturer receivables$189.4 $177.4 
Parts and service receivables 84.3 80.6 
F&I receivables39.4 39.7 
Other8.6 11.7 
Total accounts and notes receivable321.8 309.5 
Less: allowance for doubtful accounts 5.1 6.4 
Total accounts and notes receivable, net $316.7 $303.0 
Within Other current assets and Other long-term assets:
Total contract assets (1)
$63.9 $59.0 
(1) No allowance for doubtful accounts was recorded for contract assets as of March 31, 2025 or December 31, 2024.