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Unaudited Condensed Consolidated Statements Of Income - USD ($)
shares in Millions, $ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2023
Sep. 30, 2022
Sep. 30, 2023
Sep. 30, 2022
TOTAL REVENUE $ 6,892.7 $ 6,666.0 $ 20,181.5 $ 20,288.0
TOTAL COST OF SALES 5,598.1 5,353.2 16,265.2 16,304.6
TOTAL GROSS PROFIT 1,294.6 1,312.8 3,916.3 3,983.4 Close
Selling, general, and administrative expenses 819.3 763.2 2,444.9 2,259.4 Close
Depreciation and amortization 55.7 50.1 163.1 148.9 Close
Other (income) expense, net 0.1 (23.0) 6.3 (24.5) CloseClose
Total Operating Expenses 875.1 790.3 2614.3 2383.8 0 Close
OPERATING INCOME 419.5 522.5 1,302.0 1,599.6 Close
Non-operating income (expense) items:         Close
Floorplan interest expense (38.3) (10.7) (98.2) (21.7) Close
Other interest expense (48.8) (33.7) (135.9) (97.4) Close
Total Other Income Expenses -92.1 -49.0 -229.5 -143.8 0.0 Close
Other income (loss), net (5.0) (4.6) 4.6 (24.7) CloseCloseClose
INCOME FROM CONTINUING OPERATIONS BEFORE INCOME TAXES 327.4 473.5 1,072.5 1,455.8 Close
Income tax provision 83.7 120.8 268.5 364.5 Close
NET INCOME FROM CONTINUING OPERATIONS 243.7 352.7 804.0 1,091.3
Income (loss) from discontinued operations, net of income taxes 0.0 (0.1) 0.9 (0.3) Close
NET INCOME $ 243.7 $ 352.6 $ 804.9 $ 1,091.0 Close
BASIC EARNINGS (LOSS) PER SHARE:        
Continuing operations (in dollars per share) [1] $ 5.59 $ 6.35 $ 17.75 $ 18.65
Discontinued operations (in dollars per share) [1] 0 0 0.02 (0.01)
Net income (in dollars per share) [1] $ 5.59 $ 6.35 $ 17.77 $ 18.65
Weighted average common shares outstanding (in shares) 43.6 55.5 45.3 58.5
DILUTED EARNINGS (LOSS) PER SHARE:        
Continuing operations (in dollars per share) [1] $ 5.54 $ 6.31 $ 17.63 $ 18.53
Discontinued operations (in dollars per share) [1] 0 0 0.02 (0.01)
Net income (in dollars per share) [1] $ 5.54 $ 6.31 $ 17.65 $ 18.52
Weighted average common shares outstanding (in shares) 44.0 55.9 45.6 58.9
COMMON SHARES OUTSTANDING, net of treasury stock, at period end (in shares) 42.8 52.3 42.8 52.3
New vehicle        
TOTAL REVENUE $ 3,187.6 $ 2,863.9 $ 9,400.5 $ 8,606.9
TOTAL COST OF SALES 2,936.9 2,534.2 8,575.2 7,578.7
TOTAL GROSS PROFIT 250.7 329.7 825.3 1,028.2
Used vehicle        
TOTAL REVENUE 2,172.1 2,401.7 6,292.7 7,494.5
TOTAL COST OF SALES 2,044.3 2,259.7 5,876.2 7,059.4
TOTAL GROSS PROFIT 127.8 142.0 416.5 435.1
Parts and service        
TOTAL REVENUE 1,157.4 1,032.1 3,392.5 3,072.3
TOTAL COST OF SALES 611.6 553.5 1,793.1 1,650.9
TOTAL GROSS PROFIT 545.8 478.6 1,599.4 1,421.4
Finance and insurance, net        
TOTAL REVENUE 369.5 360.7 1,071.4 1,092.2
TOTAL GROSS PROFIT 369.5 360.7 1,071.4 1,092.2
Other        
TOTAL REVENUE 6.1 7.6 24.4 22.1
TOTAL COST OF SALES 5.3 5.8 20.7 15.6
TOTAL GROSS PROFIT $ 0.8 $ 1.8 $ 3.7 $ 6.5
[1] (1) EPS amounts are calculated discretely and, therefore, may not add up to the total due to rounding.