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Consolidated Statements of Income - USD ($)
$ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2024
Sep. 30, 2023
Sep. 30, 2024
Sep. 30, 2023
Operating revenues        
Auction fees $ 113.2 $ 102.1 $ 331.8 $ 305.3
Service revenue 148.1 153.9 445.4 475.2
Purchased vehicle sales 93.0 60.6 231.4 176.5
Finance-related revenue 94.1 99.7 287.9 296.8
Total operating revenues 448.4 416.3 1,296.5 1,253.8
Operating expenses        
Cost of services (exclusive of depreciation and amortization) 252.0 216.0 711.8 662.8
Selling, general and administrative 99.4 107.4 314.1 326.6
Depreciation and amortization 23.8 26.4 72.2 76.2
Goodwill and other intangibles impairment 0.0 0.0 0.0 250.8
Total operating expenses 375.2 349.8 1,098.1 1,316.4
Operating profit (loss) 73.2 66.5 198.4 (62.6)
Interest expense 35.3 39.4 112.4 116.5
Other (income) expense, net (3.6) 1.7 (2.9) (12.5)
Loss on Extinguishment of Debt 0.0 0.0 0.0 1.1
Income (loss) from continuing operations before income taxes 41.5 25.4 88.9 (167.7)
Income taxes 13.1 12.7 31.3 0.7
Income (loss) from continuing operations 28.4 12.7 57.6 (168.4)
Income from discontinued operations, net of income taxes 0.0 0.0 0.0 0.0
Net income (loss) $ 28.4 $ 12.7 $ 57.6 $ (168.4)
Net income (loss) per share - basic        
Income (loss) from continuing operations $ 0.12 $ 0.01 $ 0.17 $ (1.84)
Income from discontinued operations 0 0 0 0
Net income (loss) 0.12 0.01 0.17 (1.84)
Net income (loss) per share - diluted        
Income (loss) from continuing operations 0.12 0.01 0.17 (1.84)
Income from discontinued operations 0 0 0 0
Net income (loss) $ 0.12 $ 0.01 $ 0.17 $ (1.84)