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Consolidated Statements of Income - USD ($)
shares in Millions, $ in Millions
12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
Revenue:      
TOTAL REVENUE $ 26,948.9 $ 26,985.0 $ 25,844.0
Cost of Sales:      
TOTAL COST OF SALES 21,817.4 21,719.7 20,891.4
Gross Profit:      
TOTAL GROSS PROFIT 5,131.5 5,265.3 4,952.6 Close
Selling, general, and administrative expenses 3,253.2 3,026.1 2,876.2 Close
Depreciation and amortization 220.5 200.3 193.3 Close
Other (income) expense, net 5.9 14.4 (19.7) CloseClose
Total Operating Expenses 3479.6 3240.8 3049.8 0 0 Close
OPERATING INCOME 1,651.9 2,024.5 1,902.8 Close
Non-operating income (expense) items:       Close
Floorplan interest expense (144.7) (41.4) (25.7) Close
Other interest expense (181.4) (134.9) (93.0) Close
Total Other Income Expenses -301.7 -191.0 -94.4 0.0 0 Close
Other income (loss), net 24.4 (14.7) 24.3 CloseCloseClose
INCOME FROM CONTINUING OPERATIONS BEFORE INCOME TAXES 1,350.2 1,833.5 1,808.4 Close
Income tax provision 330.0 455.8 435.1 Close
NET INCOME FROM CONTINUING OPERATIONS 1,020.2 1,377.7 1,373.3
Income (loss) from discontinued operations, net of income taxes 0.9 (0.3) (0.3)
NET INCOME $ 1,021.1 $ 1,377.4 $ 1,373.0 Close
BASIC EARNINGS (LOSS) PER SHARE:      
Continuing operations (in dollars per share) [1] $ 22.87 $ 24.47 $ 18.51
Discontinued operations (in dollars per share) [1] 0.02 (0.01) 0
Net income (in dollars per share) [1] $ 22.89 $ 24.47 $ 18.50
Weighted average common shares outstanding, basic (in shares) 44.6 56.3 74.2
DILUTED EARNINGS (LOSS) PER SHARE:      
Continuing operations (in dollars per share) [1] $ 22.72 $ 24.30 $ 18.31
Discontinued operations (in dollars per share) [1] 0.02 (0.01) 0
Net income (in dollars per share) [1] $ 22.74 $ 24.29 $ 18.31
Weighted average common shares outstanding (in shares) 44.9 56.7 75.0
COMMON SHARES OUTSTANDING, net of treasury stock, at period end (in shares) 41.6 47.6 62.6
New Vehicle [Member]      
Revenue:      
TOTAL REVENUE $ 12,767.4 $ 11,754.4 $ 12,081.7
Cost of Sales:      
TOTAL COST OF SALES 11,705.6 10,387.8 10,880.1
Gross Profit:      
TOTAL GROSS PROFIT 1,061.8 1,366.6 1,201.6
Used Vehicle [Member]      
Revenue:      
TOTAL REVENUE 8,198.5 9,661.8 8,638.8
Cost of Sales:      
TOTAL COST OF SALES 7,690.5 9,108.7 7,950.7
Gross Profit:      
TOTAL GROSS PROFIT 508.0 553.1 688.1
Parts and Service [Member]      
Revenue:      
TOTAL REVENUE 4,533.7 4,100.6 3,706.6
Cost of Sales:      
TOTAL COST OF SALES 2,394.4 2,200.3 2,033.9
Gross Profit:      
TOTAL GROSS PROFIT 2,139.3 1,900.3 1,672.7
Finance and Insurance, Net [Member]      
Revenue:      
TOTAL REVENUE 1,418.8 1,437.3 1,384.5
Gross Profit:      
TOTAL GROSS PROFIT 1,418.8 1,437.3 1,384.5
Product and Service, Other [Member]      
Revenue:      
TOTAL REVENUE 30.5 30.9 32.4
Cost of Sales:      
TOTAL COST OF SALES 26.9 22.9 26.7
Gross Profit:      
TOTAL GROSS PROFIT $ 3.6 $ 8.0 $ 5.7
[1]
(1) EPS amounts are calculated discretely and, therefore, may not add up to the total due to rounding.