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Consolidated Statements of Income - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2025
Mar. 31, 2024
Operating revenues    
Auction fees $ 125.2 $ 109.9
Service revenue 140.3 150.2
Purchased vehicle sales 85.7 58.2
Finance revenue 108.9 111.6
Total operating revenues 460.1 429.9
Operating expenses    
Cost of services (exclusive of depreciation and amortization) 241.6 213.9
Finance interest expense 27.6 32.6
Provision for credit losses 9.3 15.8
Selling, general and administrative 107.2 106.5
Depreciation and amortization 22.7 24.3
Total operating expenses 408.4 393.1
Operating profit 51.7 36.8
Interest expense 4.0 7.1
Other (income) expense, net (5.0) 0.5
Income from continuing operations before income taxes 52.7 29.2
Income taxes 15.8 10.7
Income from continuing operations 36.9 18.5
Income from discontinued operations, net of income taxes 0.0 0.0
Net income $ 36.9 $ 18.5
Net income per share - basic    
Income from continuing operations $ 0.18 $ 0.05
Income from discontinued operations 0 0
Net income per share - basic 0.18 0.05
Net income per share - diluted    
Income from continuing operations 0.18 0.05
Income from discontinued operations 0 0
Net income per share - diluted $ 0.18 $ 0.05