XML 42 R2.htm IDEA: XBRL DOCUMENT v3.25.1
Pay vs Performance Disclosure - USD ($)
 12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
Pay vs Performance Disclosure          
Pay vs Performance Disclosure, Table
Year
Summary Compensation Table Total for PEO(1)
Compensation Actually Paid to PEO(2)
Average Summary Compensation Table Total for Non-PEO NEOs(3)
Average Compensation Actually Paid to Non-PEO NEOs(2)
Value of Initial Fixed $100 Investment Based on:GAAP Net Income (in Millions)
Adjusted EBITDA (in Millions)(6)
Company TSR(4)
Peer Group TSR(4)(5)
2024
$8,999,130 $8,672,323 $1,969,062 $1,702,991 $217 $322 $430 $982 
2023
$8,138,627 $10,546,295 $2,043,948 $2,565,627 $201 $291 $603 $1,135 
2022$8,582,645 $9,596,256 $2,407,078 $2,603,319 $160 $199 $997 $1,336 
2021$7,452,895 $9,655,142 $1,675,553 $2,032,412 $155 $215 $532 $828 
2020
$6,454,000 $8,185,020 $1,775,906 $2,245,508 $130 $147 $254 $427 
        
Company Selected Measure Name Adjusted EBITDA        
Named Executive Officers, Footnote Mr. Hult was our Principal Executive Officer ("PEO") for the full year for each of 2024, 2023, 2022, 2021 and 2020.The non-PEO named executive officers consist of the following individuals:
(a)For 2024, Michael Welch, Daniel Clara, Jed Milstein, Dean Calloway, George Villasana and Miran Maric;
(b)For 2023 and 2022, Michael Welch, Daniel Clara, George Villasana and Jed Milstein;
(c)For 2021, Michael Welch, Daniel Clara, George Villasana, Jed Milstein, William Stax and Patrick Guido.; and
(d)For 2020, Daniel Clara, George Villasana, Jed Milstein, William Stax and Patrick Guido.
        
Peer Group Issuers, Footnote Reflects market-weighted Peer Group Index composed of the common stock of AutoNation, Inc., Sonic Automotive, Inc., Group 1 Automotive, Inc., Penske Automotive Group, Inc. and Lithia Motors, Inc. For purposes of this disclosure, the returns of each issuer
were weighted according to the respective issuer’s market capitalization at the beginning of each period for which a return is indicated.
        
PEO Total Compensation Amount $ 8,999,130 $ 8,138,627 $ 8,582,645 $ 7,452,895 $ 6,454,000
PEO Actually Paid Compensation Amount $ 8,672,323 10,546,295 9,596,256 9,655,142 8,185,020
Adjustment To PEO Compensation, Footnote For each of 2024, 2023, 2022, 2021, and 2020 (each, a “Covered Year”), in determining both the compensation actually paid to our PEO and the average compensation actually paid to our non-PEO named executive officers for purposes of this column, we deducted from or added back to the total amounts of compensation reported as the Summary Compensation Table total (or average Summary Compensation Table total) certain amounts in accordance with SEC rules as itemized below for 2024:
Item Added (Deducted)
2024
For PEO (Mr. Hult):
 - SCT “Stock Awards” column value
$(6,000,045)
 + Covered year-end fair value of equity awards granted in Covered Year that were outstanding and unvested at Covered Year-end
$5,512,893 
 +/- change in fair value (from prior year-end to Covered Year-end) of equity awards granted in prior years that were outstanding and unvested at Covered Year-end
$410,341 
 +/- change in fair value (from prior year-end to vesting date) for prior-year equity awards that vested in Covered Year
$(249,996)
 - fair value (from prior year-end) for prior-year awards that failed to meet applicable vesting conditions in Covered Year
$— 
For Non-PEO Named Executive Officers (Average):
 - SCT “Stock Awards” column value
$(875,034)
 +Covered year-end fair value of equity awards granted in Covered Year that were outstanding and unvested at Covered Year-end
$690,367 
 +/- change in fair value (from prior year-end to Covered Year-end) of equity awards granted in prior years that were outstanding and unvested at Covered Year-end
$49,367 
 +/- change in fair value (from prior year-end to vesting date) for prior-year equity awards that vested in Covered Year
$(39,771)
 - fair value (from prior year-end) for prior-year equity awards that failed to meet applicable vesting conditions in Covered Year
$(91,000)
        
Non-PEO NEO Average Total Compensation Amount $ 1,969,062 2,043,948 2,407,078 1,675,553 1,775,906
Non-PEO NEO Average Compensation Actually Paid Amount $ 1,702,991 2,565,627 2,603,319 2,032,412 2,245,508
Adjustment to Non-PEO NEO Compensation Footnote For each of 2024, 2023, 2022, 2021, and 2020 (each, a “Covered Year”), in determining both the compensation actually paid to our PEO and the average compensation actually paid to our non-PEO named executive officers for purposes of this column, we deducted from or added back to the total amounts of compensation reported as the Summary Compensation Table total (or average Summary Compensation Table total) certain amounts in accordance with SEC rules as itemized below for 2024:
Item Added (Deducted)
2024
For PEO (Mr. Hult):
 - SCT “Stock Awards” column value
$(6,000,045)
 + Covered year-end fair value of equity awards granted in Covered Year that were outstanding and unvested at Covered Year-end
$5,512,893 
 +/- change in fair value (from prior year-end to Covered Year-end) of equity awards granted in prior years that were outstanding and unvested at Covered Year-end
$410,341 
 +/- change in fair value (from prior year-end to vesting date) for prior-year equity awards that vested in Covered Year
$(249,996)
 - fair value (from prior year-end) for prior-year awards that failed to meet applicable vesting conditions in Covered Year
$— 
For Non-PEO Named Executive Officers (Average):
 - SCT “Stock Awards” column value
$(875,034)
 +Covered year-end fair value of equity awards granted in Covered Year that were outstanding and unvested at Covered Year-end
$690,367 
 +/- change in fair value (from prior year-end to Covered Year-end) of equity awards granted in prior years that were outstanding and unvested at Covered Year-end
$49,367 
 +/- change in fair value (from prior year-end to vesting date) for prior-year equity awards that vested in Covered Year
$(39,771)
 - fair value (from prior year-end) for prior-year equity awards that failed to meet applicable vesting conditions in Covered Year
$(91,000)
        
Compensation Actually Paid vs. Total Shareholder Return 2897        
Compensation Actually Paid vs. Net Income
2915
        
Compensation Actually Paid vs. Company Selected Measure
2917
        
Total Shareholder Return Vs Peer Group
2919
        
Tabular List, Table
Most Important Performance Measures
Adjusted EBITDA
Adjusted EPS
Adjusted Operating Margin
        
Total Shareholder Return Amount $ 217 201 160 155 130
Peer Group Total Shareholder Return Amount 322 291 199 215 147
Net Income (Loss) $ 430,000,000 $ 603,000,000 $ 997,000,000 $ 532,000,000 $ 254,000,000
Company Selected Measure Amount 982,000,000 1,135,000,000 1,336,000,000 828,000,000 427,000,000
PEO Name Mr. Hult        
Additional 402(v) Disclosure For each of 2020, 2021, 2022, 2023 and 2024, total stockholder return (“TSR”) for the Company and the Peer Group Index (described below) was calculated as the cumulative total stockholder return based on a deemed fixed investment of $100 at market close on December 31, 2019, assuming dividend reinvestment. Because fiscal years are presented in the table in reverse chronological order (from top to bottom), the table should be read from bottom to top for purposes of understanding cumulative returns over time.        
Measure:: 1          
Pay vs Performance Disclosure          
Name Adjusted EBITDA        
Non-GAAP Measure Description Adjusted EBITDA is defined in Appendix A ("Non-GAAP Financial Measures and Reconciliation").        
Measure:: 2          
Pay vs Performance Disclosure          
Name Adjusted EPS        
Measure:: 3          
Pay vs Performance Disclosure          
Name Adjusted Operating Margin        
PEO | Aggregate Grant Date Fair Value of Equity Award Amounts Reported in Summary Compensation Table          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount $ (6,000,045)        
PEO | Year-end Fair Value of Equity Awards Granted in Covered Year that are Outstanding and Unvested          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 5,512,893        
PEO | Year-over-Year Change in Fair Value of Equity Awards Granted in Prior Years That are Outstanding and Unvested          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 410,341        
PEO | Change in Fair Value as of Vesting Date of Prior Year Equity Awards Vested in Covered Year          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount (249,996)        
PEO | Prior Year End Fair Value of Equity Awards Granted in Any Prior Year that Fail to Meet Applicable Vesting Conditions During Covered Year          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 0        
Non-PEO NEO | Aggregate Grant Date Fair Value of Equity Award Amounts Reported in Summary Compensation Table          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount (875,034)        
Non-PEO NEO | Year-end Fair Value of Equity Awards Granted in Covered Year that are Outstanding and Unvested          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 690,367        
Non-PEO NEO | Year-over-Year Change in Fair Value of Equity Awards Granted in Prior Years That are Outstanding and Unvested          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 49,367        
Non-PEO NEO | Change in Fair Value as of Vesting Date of Prior Year Equity Awards Vested in Covered Year          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount (39,771)        
Non-PEO NEO | Prior Year End Fair Value of Equity Awards Granted in Any Prior Year that Fail to Meet Applicable Vesting Conditions During Covered Year          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount $ (91,000)