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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
 12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
CASH FLOW FROM OPERATING ACTIVITIES:      
Net income $ 430.3 $ 602.5 $ 997.3
Adjustments to reconcile net income to net cash provided by operating activities—      
Depreciation and amortization 75.0 67.7 69.0
Share-based compensation 26.7 23.5 20.6
Deferred income taxes 52.7 39.7 148.5
Asset impairments 149.5 117.2 0.0
Unrealized (gain) loss on investments (0.6) (2.1) 14.1
Loaner vehicle amortization 47.2 34.8 14.7
Gain on divestitures, net (8.6) (13.5) (207.1)
Change in right-of-use asset 28.7 26.8 25.3
Other adjustments, net 7.3 (1.9) 4.6
Changes in operating assets and liabilities, net of acquisitions and divestitures—      
Contracts-in-transit 15.9 (58.9) (17.0)
Accounts receivable (60.0) (54.6) 47.6
Inventories (230.2) (575.7) (274.5)
Other current assets (15.3) (133.4) (72.3)
Floor plan notes payable—trade, net 154.8 144.1 13.8
Deferred revenue 29.3 22.8 42.9
Accounts payable and accrued liabilities 12.8 119.5 (69.8)
Operating lease liabilities (27.2) (26.7) (25.4)
Other long-term assets and liabilities, net (17.1) (18.8) (36.3)
Net cash provided by operating activities 671.2 313.0 696.0
CASH FLOW FROM INVESTING ACTIVITIES:      
Capital expenditures—excluding real estate (162.6) (142.3) (94.6)
Capital expenditures—real estate (145.6) 0.0 (13.3)
Purchases of previously leased real estate (11.9) 0.0 0.0
Acquisitions (4.7) (1,500.0) (5.0)
Proceeds from dealership divestitures 196.3 30.7 701.2
Purchases of debt securities—available-for-sale (165.0) (195.2) (202.2)
Purchases of equity securities 0.0 0.0 (41.4)
Proceeds from the sale of debt securities—available-for-sale 149.8 60.3 69.7
Proceeds from the sale of equity securities 0.0 51.8 50.3
Proceeds from the sale of assets 6.5 16.3 0.0
Net cash (used in) provided by investing activities (137.2) (1,678.4) 464.7
CASH FLOW FROM FINANCING ACTIVITIES:      
Floor plan borrowings—non-trade 9,445.7 8,385.8 7,406.5
Floor plan borrowings—acquisitions 0.0 256.1 0.0
Floor plan repayments—non-trade (9,657.3) (7,059.8) (7,891.6)
Floor plan repayments—divestitures (34.1) 0.0 (48.4)
Repayments of borrowings (71.4) (126.0) (106.2)
Proceeds from revolving credit facility 1,213.5 329.0 330.0
Repayments of revolving credit facility (1,213.5) (329.0) (499.0)
Proceeds from issuance of common stock 0.0 0.0 1.4
Payment of debt issuance costs 0.0 (1.2) (0.4)
Purchase of treasury stock (183.0) (267.7) (287.4)
Repurchases of common stock, including amounts associated with net share settlements of employee share-based awards (10.2) (11.4) (9.2)
Net cash (used in) provided by financing activities (510.3) 1,175.8 (1,104.3)
Net increase (decrease) in cash and cash equivalents 23.7 (189.6) 56.4
CASH AND CASH EQUIVALENTS, beginning of period 45.7 235.3 178.9
CASH AND CASH EQUIVALENTS, end of period $ 69.4 $ 45.7 $ 235.3