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CONSOLIDATED STATEMENTS OF INCOME - USD ($)
shares in Millions, $ in Millions
12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
REVENUE:      
Revenues $ 17,188.6 $ 14,802.7 $ 15,433.8
COST OF SALES:      
TOTAL COST OF SALES 14,240.0 12,046.9 12,333.3
GROSS PROFIT 2,948.6 2,755.8 3,100.6
OPERATING EXPENSES:      
Selling, general and administrative 1,888.5 1,617.4 1,763.4
Depreciation and amortization 75.0 67.7 69.0
Asset impairments 149.5 117.2 0.0
Other operating income, net 0.0 0.0 (4.4)
INCOME FROM OPERATIONS 835.6 953.5 1,272.6
OTHER EXPENSES (INCOME):      
Floor plan interest expense 89.9 9.6 8.4
Other interest expense, net 179.1 156.1 152.2
Gain on dealership divestitures, net (8.6) (13.5) (207.1)
Total other expenses (income), net 260.3 152.2 (46.5)
INCOME BEFORE INCOME TAXES 575.3 801.3 1,319.1
Income tax expense 145.0 198.8 321.8
NET INCOME $ 430.3 $ 602.5 $ 997.3
Basic—      
Net income (in dollars per share) $ 21.58 $ 28.87 $ 44.78
Diluted—      
Net income (in dollars per share) $ 21.50 $ 28.74 $ 44.61
WEIGHTED AVERAGE COMMON SHARES OUTSTANDING:      
Basic (in shares) 19.9 20.9 22.3
Diluted (in shares) 20.0 21.0 22.4
Restricted Stock Awards      
WEIGHTED AVERAGE COMMON SHARES OUTSTANDING:      
Performance share units (in shares) 0.0 0.0 0.1
Performance Share Units      
WEIGHTED AVERAGE COMMON SHARES OUTSTANDING:      
Performance share units (in shares) 0.1 0.1 0.0
New vehicle      
REVENUE:      
Revenues $ 8,849.7 $ 7,630.7 $ 7,365.6
COST OF SALES:      
TOTAL COST OF SALES 8,209.3 6,927.8 6,521.6
Used vehicle      
REVENUE:      
Revenues 5,218.2 4,414.3 5,197.1
COST OF SALES:      
TOTAL COST OF SALES 4,972.7 4,150.2 4,843.8
Parts and services      
REVENUE:      
Revenues 2,354.7 2,081.5 2,074.2
COST OF SALES:      
TOTAL COST OF SALES 1,003.5 931.0 921.6
Finance And Insurance, Net      
REVENUE:      
Revenues 766.0 676.2 797.0
COST OF SALES:      
TOTAL COST OF SALES $ 54.4 $ 37.9 $ 46.3