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Unaudited Condensed Consolidated Statements Of Income - USD ($)
shares in Millions, $ in Millions
3 Months Ended
Mar. 31, 2024
Mar. 31, 2023
TOTAL REVENUE $ 6,485.7 $ 6,398.7
TOTAL COST OF SALES 5,287.8 5,112.3
TOTAL GROSS PROFIT 1,197.9 1,286.4 Close
Selling, general, and administrative expenses 793.1 782.7 Close
Depreciation and amortization 58.3 52.8 Close
Other expense, net 6.2 7.6 CloseClose
Total Operating Expenses 857.6 843.1 0 0 0 Close
OPERATING INCOME 340.3 443.3 Close
Non-operating income (expense) items:     Close
Floorplan interest expense (49.4) (27.1) Close
Other interest expense (44.6) (41.1) Close
Total Other Income Expenses -87.0 -63.0 0.0 0 0 Close
Other income, net 7.0 5.2 CloseCloseClose
INCOME FROM CONTINUING OPERATIONS BEFORE INCOME TAXES 253.3 380.3 Close
Income tax provision 63.2 92.5 Close
NET INCOME FROM CONTINUING OPERATIONS 190.1 287.8
Income from discontinued operations, net of income taxes 0.0 0.9 Close
NET INCOME $ 190.1 $ 288.7 Close
BASIC EARNINGS PER SHARE:    
Continuing operations (in dollars per share) [1] $ 4.53 $ 6.10
Discontinued operations (in dollars per share) [1] 0 0.02
Net income (in dollars per share) [1] $ 4.53 $ 6.12
Weighted average common shares outstanding (in shares) 42.0 47.2
DILUTED EARNINGS PER SHARE:    
Continuing operations (in dollars per share) [1] $ 4.49 $ 6.05
Discontinued operations (in dollars per share) [1] 0 0.02
Net income (in dollars per share) [1] $ 4.49 $ 6.07
Weighted average common shares outstanding (in shares) 42.3 47.6
COMMON SHARES OUTSTANDING, net of treasury stock, at period end (in shares) 41.6 45.6
New vehicle    
TOTAL REVENUE $ 2,979.3 $ 2,931.9
TOTAL COST OF SALES 2,783.4 2,645.0
TOTAL GROSS PROFIT 195.9 286.9
Used vehicle    
TOTAL REVENUE 1,996.1 2,032.6
TOTAL COST OF SALES 1,884.6 1,878.2
TOTAL GROSS PROFIT 111.5 154.4
Parts and service    
TOTAL REVENUE 1,172.4 1,089.8
TOTAL COST OF SALES 616.6 578.7
TOTAL GROSS PROFIT 555.8 511.1
Finance and insurance, net    
TOTAL REVENUE 334.7 332.4
TOTAL GROSS PROFIT 334.7 332.4
Other    
TOTAL REVENUE 3.2 12.0
TOTAL COST OF SALES 3.2 10.4
TOTAL GROSS PROFIT $ 0.0 $ 1.6
[1]
(1) EPS amounts are calculated discretely and, therefore, may not add up to the total due to rounding.