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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
 6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
CASH FLOW FROM OPERATING ACTIVITIES:    
Net income $ 284.9 $ 175.2
Adjustments to reconcile net income to net cash provided by operating activities—    
Depreciation and amortization 38.2 36.9
Share-based compensation 15.3 16.2
Asset impairments 14.3 135.4
Loaner vehicle amortization 24.0 23.9
Gain on divestitures, net (10.1) (3.6)
Change in right-of-use asset 14.4 14.3
Other adjustments, net 3.2 5.7
Changes in operating assets and liabilities, net of acquisitions and divestitures—    
Contracts-in-transit, net 50.1 69.5
Accounts receivable, net 26.7 (9.5)
Inventories, net (2.0) (307.0)
Other current assets (90.1) (54.2)
Floor plan notes payable—trade, net (56.9) (92.3)
Deferred revenue 30.1 22.7
Accounts payable and accrued liabilities (2.8) 14.3
Operating lease liabilities (14.2) (13.3)
Other long-term assets and liabilities, net (8.7) (11.4)
Net cash provided by operating activities 316.4 22.7
CASH FLOW FROM INVESTING ACTIVITIES:    
Capital expenditures—excluding real estate (59.5) (65.4)
Capital expenditures—real estate 0.0 (67.4)
Purchases of previously leased real estate 0.0 (11.9)
Acquisitions 0.0 (4.7)
Proceeds from dealership divestitures 222.3 149.3
Purchases of debt securities—available-for-sale (97.9) (39.4)
Proceeds from the sale of debt securities—available-for-sale 64.2 21.5
Net cash provided by (used in) investing activities 129.1 (18.0)
CASH FLOW FROM FINANCING ACTIVITIES:    
Floor plan borrowings—non-trade 4,510.4 4,834.1
Floor plan repayments—non-trade (4,817.8) (5,081.3)
Floor plan repayments—divestitures (41.8) (26.1)
Repayments of borrowings (98.2) (37.6)
Proceeds from revolving credit facility 602.7 1,013.5
Repayments of revolving credit facility (602.7) (582.8)
Purchases of treasury stock 0.0 (93.2)
Repurchases of common stock, associated with net share settlements of employee share-based awards (12.7) (9.9)
Net cash (used in) provided by financing activities (460.1) 16.7
Net (decrease) increase in cash and cash equivalents (14.6) 21.5
CASH AND CASH EQUIVALENTS, beginning of period 69.4 45.7
CASH AND CASH EQUIVALENTS, end of period $ 54.8 $ 67.2