XML 16 R4.htm IDEA: XBRL DOCUMENT v3.25.1
CONDENSED CONSOLIDATED STATEMENTS OF INCOME - USD ($)
shares in Millions, $ in Millions
3 Months Ended
Mar. 31, 2025
Mar. 31, 2024
REVENUE:    
TOTAL REVENUE $ 4,148.5 $ 4,201.2
COST OF SALES:    
TOTAL COST OF SALES 3,424.3 3,451.2
GROSS PROFIT 724.2 750.0
OPERATING EXPENSES:    
Selling, general, and administrative 456.4 468.6
Depreciation and amortization 19.2 18.7
Asset impairments 14.3 0.0
INCOME FROM OPERATIONS 234.3 262.8
OTHER EXPENSES (INCOME):    
Floor plan interest expense 20.7 22.8
Other interest expense, net 42.3 44.1
Gain on dealership divestitures, net (4.1) 0.0
Total other expenses, net 58.9 66.9
INCOME BEFORE INCOME TAXES 175.4 195.8
Income tax expense 43.3 48.8
NET INCOME $ 132.1 $ 147.1
Basic—    
Net income (in dollars per share) $ 6.73 $ 7.24
Diluted—    
Net income (in dollars per share) $ 6.71 $ 7.21
WEIGHTED AVERAGE SHARES OUTSTANDING:    
Basic (in shares) 19.6 20.3
Diluted (in shares) 19.7 20.4
New vehicle    
REVENUE:    
TOTAL REVENUE $ 2,138.1 $ 2,064.3
COST OF SALES:    
TOTAL COST OF SALES 1,995.0 1,901.4
Used vehicle    
REVENUE:    
TOTAL REVENUE 1,235.8 1,356.9
COST OF SALES:    
TOTAL COST OF SALES 1,171.3 1,285.0
Parts and service    
REVENUE:    
TOTAL REVENUE 587.6 590.4
COST OF SALES:    
TOTAL COST OF SALES 244.9 256.2
Finance and insurance, net    
REVENUE:    
TOTAL REVENUE 187.0 189.7
COST OF SALES:    
TOTAL COST OF SALES $ 13.1 $ 8.6
Performance share units    
WEIGHTED AVERAGE SHARES OUTSTANDING:    
Incremental common shares (in shares) 0.1 0.1