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SEGMENT INFORMATION (Tables)

12 Months Ended

Dec. 31, 2024

Segment Reporting [Abstract]

Schedule of Segment Reporting Information

Reportable segment financial information for the years ended December 31, 2024, 2023 and 2022 is as follows:

			As of and for the year ended December 31, 2024
			Dealerships						TCA						Total
			(In millions)
Revenue from external customers			$	16,885.0					$	303.6					$	17,188.6
Intersegment revenue			222.5						—						222.5
			$	17,107.5					$	303.6					$	17,411.1
Reconciliation of revenue
Elimination of intersegment revenue															(222.5)
Total consolidated revenue															$	17,188.6
Less:
Cost of sales
New vehicle			8,209.3						—
Used vehicle			4,972.7						—
Parts and service			1,043.0						—
Finance and insurance			—						223.4
Selling, general and administrative expenses
Personnel costs			1,256.2						—
Rent and related expenses			142.3						—
Advertising			61.8						—
Other selling, general and administrative expense			441.0						—
Other segment items			—						7.0
Depreciation and amortization			74.6						0.4
Floor plan interest expense			89.9						—
Segment operating income			$	816.7					$	72.8					$	889.5
Reconciliation of segment operating income
Intersegment eliminations
Total intersegment revenue eliminations															(222.5)
Total intersegment cost of sales eliminations															208.5
Deferral of SG&A expense (related to capitalized contracts offset by amortization)															19.7
Total intersegment eliminations															5.8
Asset impairments															(149.5)
Other interest expense, net															(179.1)
Gain on dealership divestitures, net															8.6
Income before income taxes															$	575.3

			As of and for the year ended December 31, 2024
			Dealerships						TCA						Total Reportable Segments						Eliminations						Total
			(In millions)
Capital expenditures			$	308.2					$	—					$	308.2					$	—					$	308.2
Other interest expense			$	179.1					$	—					$	179.1					$	—					$	179.1
Amortization of deferred acquisition costs			$	—					$	170.2					$	170.2					$	(170.2)					$	—
Total assets			$	9,227.6					$	1,049.4					$	10,277.0					$	60.1					$	10,337.0

			As of and for the year ended December 31, 2023
			Dealerships						TCA						Total
			(In millions)
Revenue from external customers			$	14,517.5					$	285.2					$	14,802.7
Intersegment revenue			181.5						—						181.5
			$	14,699.0					$	285.2					$	14,984.2
Reconciliation of revenue
Elimination of intersegment revenue															(181.5)
Total consolidated revenue															$	14,802.7
Less:
Cost of sales
New vehicle			6,927.8						—
Used vehicle			4,150.2						—
Parts and service			949.9						—
Finance and insurance			—						208.1
Selling, general and administrative expenses
Personnel costs			1,106.5						—
Rent and related expenses			118.7						—
Advertising			47.3						—
Other selling, general and administrative expense			366.0						—
Other segment items			—						7.4
Depreciation and amortization			67.1						0.7
Floor plan interest expense			9.6						—
Segment operating income			$	955.9					$	69.0					$	1,025.0
Reconciliation of segment operating income
Intersegment eliminations
Total intersegment revenue eliminations															(181.5)
Total intersegment cost of sales eliminations															189.1
Deferral of SG&A expense (related to capitalized contracts offset by amortization)															28.5
Total intersegment eliminations															36.1
Asset impairments															(117.2)
Other interest expense, net															(156.1)
Gain on dealership divestitures, net															13.5
Income before income taxes															$	801.3

			As of and for the year ended December 31, 2023
			Dealerships						TCA						Total Reportable Segments						Eliminations						Total
			(In millions)
Capital expenditures			$	142.3					$	—					$	142.3					$	—					$	142.3
Other interest expense			$	156.1					$	—					$	156.1					$	—					$	156.1
Amortization of deferred acquisition costs			$	—					$	161.9					$	161.9					$	(155.9)					$	6.0
Total assets			$	9,199.4					$	913.9					$	10,113.3					$	46.1					$	10,159.4

			As of and for the year ended December 31, 2022
			Dealerships						TCA						Total
			(In millions)
Revenue from external customers			$	15,188.1					$	245.8					$	15,433.8
Intersegment revenue			153.0						—						153.0
			$	15,341.1					$	245.8					$	15,586.9
Reconciliation of revenue
Elimination of intersegment revenue															(153.0)
Total consolidated revenue															$	15,433.8
Less:
Cost of sales
New vehicle			6,521.6						—
Used vehicle			4,843.8						—
Parts and service			939.7						—
Finance and insurance			—						191.9
Personnel costs			1,273.6						—
Rent and related expenses			121.4						—
Advertising			50.0						—
Other selling, general and administrative expense			341.3						—
Other segment items			—						7.0
Depreciation and amortization			68.2						0.8
Floor plan interest expense			8.4						—
Segment operating income			$	1,173.1					$	46.0					$	1,219.0
Reconciliation of segment operating income
Intersegment eliminations
Total intersegment revenue eliminations															(153.0)
Total intersegment cost of sales eliminations															163.8
Deferral of SG&A expense (related to capitalized contracts offset by amortization)															30.0
Total intersegment eliminations															40.8
Other operating income															4.4
Other interest expense, net															(152.2)
Gain on dealership divestitures, net															207.1
Income before income taxes															$	1,319.1

			As of and for the year ended December 31, 2022
			Dealerships						TCA						Total Reportable Segments						Eliminations						Total
			(In millions)
Capital expenditures			$	107.9					$	—					$	107.9					$	—					$	107.9
Other interest expense			$	152.2					$	—					$	152.2					$	—					$	152.2
Amortization of deferred acquisition costs			$	—					$	165.7					$	165.7					$	(147.5)					$	18.2
Total assets			$	7,170.8					$	869.2					$	8,040.0					$	(18.6)					$	8,021.4

X

- Definition

Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 25
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-25

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 22
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-22

Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 30
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-30

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- References

No definition available.

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