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Consolidated Statements of Income - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2024
Mar. 31, 2023
Operating revenues    
Auction fees $ 109.9 $ 99.9
Service revenue 150.2 165.6
Purchased vehicle sales 58.2 55.5
Finance-related revenue 98.0 99.6
Total operating revenues 416.3 420.6
Operating expenses    
Cost of services (exclusive of depreciation and amortization) 213.9 224.2
Selling, general and administrative 108.7 108.0
Depreciation and amortization 24.3 23.0
Total operating expenses 346.9 355.2
Operating profit 69.4 65.4
Interest expense 39.7 38.3
Other (income) expense, net 0.5 7.1
Income from continuing operations before income taxes 29.2 20.0
Income taxes 10.7 7.3
Income from continuing operations 18.5 12.7
Income from discontinued operations, net of income taxes 0.0 0.0
Net income $ 18.5 $ 12.7
Net income (loss) per share - basic    
Income from continuing operations $ 0.05 $ 0.01
Income from discontinued operations 0 0
Net income (loss) 0.05 0.01
Net income (loss) per share - diluted    
Income from continuing operations 0.05 0.01
Income from discontinued operations 0 0
Net income (loss) $ 0.05 $ 0.01