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ACQUISITIONS AND DIVESTITURES (Tables)
 9 Months Ended
Sep. 30, 2025
Discontinued Operations and Disposal Groups [Abstract]  
Business Combination
The sources of the preliminary purchase consideration are as follows:
(In millions)
New vehicle floor plan facility$292.0 
Used vehicle floor plan facility300.0 
Revolving credit facility645.4 
Real estate facility546.5 
Preliminary purchase price$1,783.9 
Business Combination, Recognized Asset Acquired and Liability Assumed The following table summarizes the amounts recorded based on preliminary estimates of fair value:
Summary of Assets Acquired and Liabilities Assumed
(In millions)
Assets
Inventories, net$388.5 
Other current assets60.3 
Total current assets448.8 
Property and equipment, net614.8 
Goodwill290.1 
Intangible franchise rights463.2 
Operating lease right-of-use assets39.8 
Total assets acquired$1,856.7 
Liabilities
Operating lease liabilities(39.8)
Other liabilities(33.0)
Total liabilities assumed(72.8)
Net assets acquired$1,783.9 
Business Combination, Pro Forma Information
The following represents the unaudited pro forma information as if the Herb Chambers acquisition had been included in the consolidated results of the Company since January 1, 2024:
For the Three Months Ended September 30,
20252024
(In millions)
(Unaudited)
Pro forma revenue$5,441.6 $4,924.1 
Pro forma net income$146.1 $128.5 
For the Nine Months Ended September 30,
20252024
(In millions)
(Unaudited)
Pro forma revenue$15,248.2 $14,758.7 
Pro forma net income$439.3 $297.3