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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2024
Mar. 31, 2023
REVENUES $ 4,470.5 $ 4,130.0
COST OF SALES 3,727.9 3,402.1
GROSS PROFIT 742.6 727.9 Close
Selling, general and administrative expenses 476.1 462.8 Close
Depreciation and amortization expense 23.8 22.4 Close
Asset impairments 0.0 1.1 CloseClose
Total Operating Expenses 499.9 486.3 0 0 0 Close
INCOME FROM OPERATIONS 242.6 241.5 Close
Floorplan interest expense 20.5 12.6 Close
Other interest expense, net 29.3 19.7 Close
Total Other Income Expenses 49.3 35.1 0 0 0 Close
Other (income) expense, net (0.5) 2.8 CloseClose
INCOME BEFORE INCOME TAXES 193.3 206.4 Close
Provision for income taxes 45.8 47.6 Close
Net income from continuing operations 147.4 158.8
Net income (loss) from discontinued operations 0.5 (0.3) Close
NET INCOME $ 147.9 $ 158.4 Close
BASIC EARNINGS PER SHARE:    
Basic earnings per share continuing operations (in dollar per shares) $ 10.81 $ 11.16
Basic earnings per share discontinuing operations (in dollar per shares) 0.04 (0.02)
Basic earnings per share (in dollar per shares) 10.84 11.14
DILUTED EARNINGS PER SHARE:    
Diluted earnings per share continuing operations (in dollar per shares) 10.76 11.12
Diluted earnings per share discontinuing operations (in dollar per shares) 0.04 (0.02)
Diluted earnings per common share (in dollar per share) $ 10.80 $ 11.10
WEIGHTED AVERAGE COMMON SHARES OUTSTANDING:    
Weighted average common shares outstanding, Basic (in shares) 13,328,721 13,861,289
Weighted average common shares outstanding, Diluted (in shares) 13,388,769 13,914,727
New vehicle retail sales    
REVENUES $ 2,182.6 $ 1,955.7
COST OF SALES 2,023.1 1,769.0
Used vehicle retail sales    
REVENUES 1,416.8 1,348.9
COST OF SALES 1,334.7 1,272.1
Used vehicle wholesale sales    
REVENUES 106.0 112.0
COST OF SALES 106.9 110.0
Parts and service sales    
REVENUES 576.2 548.3
COST OF SALES 263.2 251.0
Finance, insurance and other, net    
REVENUES $ 188.9 $ 165.1