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SEGMENT INFORMATION (Tables)

9 Months Ended

Sep. 30, 2025

Segment Reporting [Abstract]

Schedule of Segment Reporting Information

Reportable segment financial information for the three and nine months ended September 30, 2025 and 2024, are as follows:

			Three Months Ended September 30, 2025																		Three Months Ended September 30, 2024
			Dealerships						TCA						Total						Dealerships						TCA						Total
			(In millions)
Revenue from external customers			$	4,719.8					$	81.1					$	4,800.9					$	4,159.7					$	77.0					$	4,236.7
Intersegment revenue			66.4						—						66.4						57.6						—						57.6
			$	4,786.2					$	81.1					$	4,867.2					$	4,217.3					$	77.0					$	4,294.3
Reconciliation of revenue
Elimination of inter-segment revenue															(66.4)																		(57.6)
Total consolidated revenue															$	4,800.9																	$	4,236.7
Less:
Cost of sales
New vehicle			2,367.9						—												2,013.1						—
Used vehicle			1,347.0						—												1,235.3						—
Parts and service			279.2						—												266.2						—
Finance and insurance			—						59.6												—						57.5
Selling, general and administrative expenses
Personnel costs			339.0						—												307.7						—
Rent and related expenses			39.5						—												37.2						—
Advertising			18.7						—												16.0						—
Other selling, general and administrative expense			133.1						—												108.4						—
Other segment items			—						1.9												—						1.6
Depreciation and amortization			21.2						—												18.8						0.1
Floor plan interest expense			26.7						—												22.3						—
Segment operating income			$	213.9					$	19.6					$	233.5					$	192.4					$	17.8					$	210.1
Reconciliation of segment operating income
Intersegment eliminations
Total intersegment revenue eliminations															(66.4)																		(57.6)
Total intersegment cost of sales eliminations															55.3																		53.4
Deferral of SG&A expense (related to capitalized contract costs offset by amortization)															5.1																		4.3
Total intersegment eliminations															(5.9)																		0.2
Asset impairments															(11.7)																		—
Other interest expense, net															(51.3)																		(45.7)
Gain on dealership divestitures, net															35.7																		5.0
Income before income taxes															$	200.2																	$	169.7

			Nine Months Ended September 30, 2025																		Nine Months Ended September 30, 2024
			Dealerships						TCA						Total						Dealerships						TCA						Total
			(In millions)
Revenue from external customers			$	13,077.8					$	244.7					$	13,322.5					$	12,457.6					$	226.5					$	12,684.1
Intersegment revenue			202.9						—						202.9						167.0						—						167.0
			$	13,280.7					$	244.7					$	13,525.4					$	12,624.6					$	226.5					$	12,851.1
Reconciliation of revenue
Elimination of inter-segment revenue															(202.9)																		(167.0)
Total consolidated revenue															$	13,322.5																	$	12,684.1
Less:
Cost of sales
New vehicle			6,506.8						—												5,924.4						—
Used vehicle			3,735.0						—												3,767.3						—
Parts and service			790.4						—												782.9						—
Finance and insurance			—						179.8												—						165.8
Selling, general and administrative expenses
Personnel costs			966.8						—												939.2						—
Rent and related expenses			89.3						—												103.1						—
Advertising			51.0						—												47.8						—
Other selling, general and administrative expense			362.1						—												332.1						—
Other segment items			—						5.5												—						5.1
Depreciation and amortization			59.3						0.2												55.5						0.3
Floor plan interest expense			65.6						—												66.1						—
Segment operating income			$	654.4					$	59.2					$	713.6					$	606.2					$	55.3					$	661.5
Reconciliation of segment operating income
Intersegment eliminations
Total intersegment revenue eliminations															(202.9)																		(167.0)
Total intersegment cost of sales eliminations															168.2																		154.9
Deferral of SG&A expense (related to capitalized contract costs offset by amortization)															15.9																		15.7
Total intersegment eliminations															(18.9)																		3.7
Asset impairments															(26.0)																		(135.4)
Other interest expense, net															(135.0)																		(134.9)
Gain on dealership divestitures, net															45.8																		8.6
Income before income taxes															$	579.5																	$	403.6

Total assets by segment as of September 30, 2025 and December 31, 2024 are as follows:

			As of September 30, 2025
			Dealerships						TCA						Total Reportable Segments						Eliminations						Total Company
			(In millions)
Total assets			$	10,575.0					$	1,020.2					$	11,595.2					$	178.3					$	11,773.5

			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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