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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
 9 Months Ended
Sep. 30, 2025
Sep. 30, 2024
CASH FLOW FROM OPERATING ACTIVITIES:    
Net income $ 432.0 $ 301.5
Adjustments to reconcile net income to net cash provided by operating activities—    
Depreciation and amortization 59.4 55.8
Share-based compensation 21.3 21.2
Asset impairments 26.0 135.4
Loaner vehicle amortization 39.5 35.8
Gain on divestitures, net (45.8) (8.6)
Change in right-of-use assets 22.5 21.4
Other adjustments, net 3.0 8.9
Changes in operating assets and liabilities, net of acquisitions and divestitures—    
Contracts-in-transit, net 62.2 75.8
Accounts receivable, net 0.5 (31.0)
Inventories, net 1.7 (272.1)
Other current assets (59.2) (33.7)
Floor plan notes payable—trade, net (5.2) 112.1
Deferred revenue 46.1 27.1
Accounts payable and accrued liabilities 56.8 10.0
Operating lease liabilities (22.1) (20.1)
Other long-term assets and liabilities, net (15.4) (12.4)
Net cash provided by operating activities 623.3 427.0
CASH FLOW FROM INVESTING ACTIVITIES:    
Capital expenditures—excluding real estate (104.4) (104.5)
Capital expenditures—real estate 0.0 (69.6)
Purchases of previously leased real estate 0.0 (11.9)
Acquisitions (1,783.9) (4.7)
Proceeds from dealership divestitures 452.9 196.3
Purchases of debt securities—available-for-sale (153.8) (60.0)
Proceeds from the sale of debt securities—available-for-sale 98.0 70.0
Net cash (used in) provided by investing activities (1,491.2) 17.8
CASH FLOW FROM FINANCING ACTIVITIES:    
Floor plan borrowings—non-trade 7,946.5 6,918.4
Floor plan borrowings—acquisitions 262.7 0.0
Floor plan repayments—non-trade (7,704.7) (7,296.1)
Floor plan repayments—divestitures (72.0) (34.1)
Proceeds from borrowings 546.5 0.0
Repayments of borrowings (154.8) (56.9)
Proceeds from revolving credit facility 1,552.7 1,013.5
Repayments of revolving credit facility (1,477.7) (782.8)
Payment of debt issuance costs (5.7) 0.0
Purchases of treasury stock (50.0) (182.1)
Repurchases of common stock, associated with net share settlements of employee share-based awards (12.8) (10.1)
Net cash provided by (used in) financing activities 830.7 (430.2)
Net (decrease) increase in cash and cash equivalents (37.2) 14.6
CASH AND CASH EQUIVALENTS, beginning of period 69.4 45.7
CASH AND CASH EQUIVALENTS, end of period 32.2 60.3
Proceeds from the disposition of assets $ 0.0 $ 2.2