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Intangible Assets, Goodwill and Other (Tables)

9 Months Ended

Sep. 30, 2025

Goodwill and Intangible Assets Disclosure [Abstract]

Schedule of Intangible Assets and Goodwill

			Franchised Dealerships Segment						EchoPark Segment						Powersports Segment						Total
			(In millions)
Balance at December 31, 2023 (1)			$	229.8					$	—					$	24.0					$	253.8
Additions through current year acquisitions			8.1						—						3.3						11.4
Reductions from dispositions			(0.2)						—						—						(0.2)
Prior year acquisition allocations			93.5						—						—						93.5
Balance at December 31, 2024 (1)			$	331.2					$	—					$	27.3					$	358.5
Additions through current year acquisitions (2)			263.9						—						—						263.9
Reductions from dispositions			(0.7)						—						—						(0.7)
Prior year acquisition allocations			1.1						—						0.5						1.6
Balance at September 30, 2025 (1)			$	595.5					$	—					$	27.8					$	623.3

(1)Net of accumulated impairment losses of $1.1 billion and $202.9 million related to the Franchised Dealerships Segment and the EchoPark Segment, respectively.

(2)Purchase accounting allocations for current year acquisitions are preliminary. Amounts will be allocated from goodwill to franchise assets once the overall purchase accounting allocation is finalized.

During the quarter ended September 30, 2024, we identified an error related to the goodwill associated with the purchase of certain franchise assets in a business combination in the year ended December 31, 2021. As a result, during the quarter ended September 30, 2024, we recorded a $93.5 million adjustment to goodwill to provide for deferred income tax liabilities.

The changes in the carrying amount of franchise assets for the year ended December 31, 2024 and the nine months ended September 30, 2025 were as follows:

			Franchised Dealerships Segment						EchoPark Segment						Powersports Segment						Total
			(In millions)
Balance at December 31, 2023			$	371.7					$	—					$	45.7					$	417.4
Additions through current year acquisitions			10.9						—						2.0						12.9
Balance at December 31, 2024			$	382.6					$	—					$	47.7					$	430.3
Reductions from dispositions			(5.1)						—						(0.7)						(5.8)
Reductions from impairment			(165.9)						—						(6.5)						(172.4)
Balance at September 30, 2025			$	211.6					$	—					$	40.5					$	252.1

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- References

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- Definition

Tabular disclosure of goodwill and intangible assets, which may be broken down by segment or major class.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 350
-SubTopic 30
-Name Accounting Standards Codification
-Publisher FASB
-URI https://asc.fasb.org/350-30/tableOfContent

Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 350
-SubTopic 20
-Name Accounting Standards Codification
-Publisher FASB
-URI https://asc.fasb.org/350-20/tableOfContent

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