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SEGMENT INFORMATION (Tables)

3 Months Ended

Mar. 31, 2025

Segment Reporting [Abstract]

Schedule of Segment Reporting Information

Reportable segment financial information for the three months ended March 31, 2025 and 2024, are as follows:

			Three Months Ended March 31, 2025																		Three Months Ended March 31, 2024
			Dealerships						TCA						Total						Dealerships						TCA						Total
			(In millions)
Revenue from external customers			$	4,064.4					$	84.1					$	4,148.5					$	4,127.1					$	74.1					$	4,201.2
Intersegment revenue			62.4						—						62.4						54.8						—						54.8
			$	4,126.8					$	84.1					$	4,210.9					$	4,182.0					$	74.1					$	4,256.1
Reconciliation of revenue
Elimination of inter-segment revenue															(62.4)																		(54.8)
Total consolidated revenue															$	4,148.5																	$	4,201.2
Less:
Cost of sales
New vehicle			1,995.0						—												1,901.4						—
Used vehicle			1,171.3						—												1,285.0						—
Parts and service			254.2						—												260.8						—
Finance and insurance			—						61.0												—						53.0
Selling, general and administrative expenses
Personnel costs			309.1						—												316.5						—
Rent and related expenses			21.2						—												29.7						—
Advertising			15.2						—												16.4						—
Other selling, general and administrative expense			112.5						—												110.3						—
Other segment items			—						1.9												—						1.8
Depreciation and amortization			19.2						0.1												18.6						0.1
Floor plan interest expense			20.7						—												22.8						—
Segment operating income			$	208.5					$	21.1					$	229.6					$	220.5					$	19.2					$	239.7
Reconciliation of segment operating income
Intersegment eliminations
Total intersegment revenue eliminations															(62.4)																		(54.8)
Total intersegment cost of sales eliminations															57.2																		49.0
Deferral of SG&A expense (related to capitalized contract costs offset by amortization)															3.5																		6.1
Total intersegment eliminations															(1.6)																		0.2
Asset impairments															(14.3)																		—
Other interest expense, net															(42.3)																		(44.1)
Gain on dealership divestitures, net															4.1																		—
Income before income taxes															$	175.4																	$	195.8

Total assets by segment as of March 31, 2025 and December 31, 2024 are as follows:

			As of March 31, 2025
			Dealerships						TCA						Total Reportable Segments						Eliminations						Total Company
			(In millions)
Total assets			$	9,082.9					$	957.2					$	10,040.2					$	180.8					$	10,221.0

			As of December 31, 2024
			Dealerships						TCA						Total Reportable Segments						Eliminations						Total Company
			(In millions)
Total assets			$	9,227.6					$	1,049.4					$	10,277.0					$	60.1					$	10,337.0

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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