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CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
REVENUES $ 17,873.7 $ 16,222.1 $ 13,481.9
COST OF SALES 14,853.4 13,256.9 11,041.2
GROSS PROFIT 3,020.3 2,965.2 2,440.7 Close
Selling, general and administrative expenses 1,926.8 1,783.3 1,477.2 Close
Depreciation and amortization expense 92.0 88.4 77.4 Close
Asset impairments 32.9 2.1 1.7 CloseClose
Total Operating Expenses 2051.7 1873.8 1556.3 0 0 Close
INCOME FROM OPERATIONS 968.6 1,091.4 884.4 Close
INTEREST EXPENSE:       Close
Floorplan interest expense 64.1 27.3 27.6 Close
Other interest expense, net 99.8 77.5 55.8 Close
Total Other Income Expenses 168.4 106.0 83.4 0.0 0 Close
Other expense 4.5 1.2 0.0 CloseCloseClose
INCOME BEFORE INCOME TAXES 800.2 985.3 800.9 Close
Provision for income taxes 198.2 231.1 175.5 Close
Net income from continuing operations 602.0 754.2 625.4
Net loss from discontinued operations (0.4) (2.7) (73.3)
NET INCOME $ 601.6 $ 751.5 $ 552.1 Close
BASIC EARNINGS PER SHARE:      
Basic earnings per share continuing operations (in dollars per shares) $ 42.92 $ 47.46 $ 34.23
Basic earnings per share discontinuing operations (in dollars per shares) (0.03) (0.17) (4.01)
Basic earnings per share (in dollars per shares) 42.89 47.29 30.22
DILUTED EARNINGS PER SHARE:      
Diluted earnings per share continuing operations (in dollars per shares) 42.75 47.31 34.11
Diluted earnings per share discontinuing operations (in dollars per shares) (0.03) (0.17) (4.00)
Diluted earnings per share (in dollars per shares) $ 42.73 $ 47.14 $ 30.11
WEIGHTED AVERAGE COMMON SHARES OUTSTANDING:      
Weighted average common shares outstanding basic (in shares) 13,681,660 15,441,292 17,655,365
Weighted average common shares outstanding diluted (in shares) 13,734,799 15,493,616 17,722,212
New vehicle retail sales      
REVENUES $ 8,774.6 $ 7,452.5 $ 6,504.8
COST OF SALES 8,007.6 6,627.0 5,894.0
Used vehicle retail sales      
REVENUES 5,693.5 5,673.3 4,438.8
COST OF SALES 5,392.6 5,359.6 4,084.6
Used vehicle wholesale sales      
REVENUES 441.4 364.6 365.7
COST OF SALES 445.2 364.6 340.9
Parts and service sales      
REVENUES 2,222.3 2,009.5 1,591.2
COST OF SALES 1,008.0 905.8 721.8
Finance, insurance and other, net      
REVENUES $ 741.9 $ 722.2 $ 581.4