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Consolidated Statements of Income - USD ($)
$ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Jun. 30, 2025
Jun. 30, 2024
Operating revenues        
Auction fees $ 134.9 $ 108.7 $ 260.1 $ 218.6
Service revenue 142.1 147.1 282.4 297.3
Purchased vehicle sales 98.5 80.2 184.2 138.4
Finance revenue 106.2 107.8 215.1 219.4
Total operating revenues 481.7 443.8 941.8 873.7
Operating expenses        
Cost of services (exclusive of depreciation and amortization) 254.4 245.9 496.0 459.8
Finance interest expense 26.9 31.9 54.5 64.5
Provision for credit losses 8.7 13.3 18.0 29.1
Selling, general and administrative 114.3 104.7 221.5 211.2
Depreciation and amortization 23.0 24.1 45.7 48.4
Loss on sale of property 7.0 0.0 7.0 0.0
Total operating expenses 434.3 419.9 842.7 813.0
Operating profit 47.4 23.9 99.1 60.7
Interest expense 3.1 5.5 7.1 12.6
Other (income) expense, net (7.4) 0.2 (12.4) 0.7
Income from continuing operations before income taxes 51.7 18.2 104.4 47.4
Income taxes 18.3 7.5 34.1 18.2
Income from continuing operations 33.4 10.7 70.3 29.2
Income from discontinued operations, net of income taxes 0.0 0.0 0.0 0.0
Net income $ 33.4 $ 10.7 $ 70.3 $ 29.2
Net income per share - basic        
Income from continuing operations $ 0.16 $ 0 $ 0.34 $ 0.05
Income from discontinued operations 0 0 0 0
Net income per share - basic 0.16 0 0.34 0.05
Net income per share - diluted        
Income from continuing operations 0.15 0 0.33 0.05
Income from discontinued operations 0 0 0 0
Net income per share - diluted $ 0.15 $ 0 $ 0.33 $ 0.05