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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
$ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2024
Sep. 30, 2023
Sep. 30, 2024
Sep. 30, 2023
REVENUES $ 5,221.4 $ 4,705.1 $ 14,388.3 $ 13,393.7
COST OF SALES 4,368.7 3,918.9 12,026.5 11,104.0
GROSS PROFIT 852.7 786.2 2,361.8 2,289.7 Close
Selling, general and administrative expenses 591.6 496.7 1,564.9 1,439.4 Close
Depreciation and amortization expense 29.5 23.1 81.6 68.6 Close
Asset impairments 0.0 4.8 0.0 7.7 CloseClose
Total Operating Expenses 621.1 524.6 1646.5 1515.7 0 Close
INCOME FROM OPERATIONS 231.6 261.6 715.4 773.9 Close
Floorplan interest expense 31.1 16.5 76.3 44.7 Close
Other interest expense, net 39.8 26.5 102.5 72.1 Close
Total Other Income Expenses 72.0 41.1 179.5 119.1 0 Close
Other expense (income) 1.1 (1.9) 0.7 2.3 CloseClose
INCOME BEFORE INCOME TAXES 159.6 220.5 535.8 654.8 Close
Provision for income taxes 42.5 56.4 133.5 161.6 Close
Net income from continuing operations 117.1 164.1 402.4 493.2
Net income (loss) from discontinued operations 0.2 (0.2) 1.0 (0.3) Close
NET INCOME $ 117.3 $ 163.9 $ 403.3 $ 492.9 Close
BASIC EARNINGS PER SHARE:        
Basic earnings per share continuing operations (in dollars per share) $ 8.73 $ 11.72 $ 29.76 $ 34.93
Basic earnings per share discontinuing operations (in dollars per share) 0.01 (0.02) 0.07 (0.02)
Basic earnings per share (in dollars per share) 8.74 11.70 29.83 34.91
DILUTED EARNINGS PER SHARE:        
Diluted earnings per share continuing operations (in dollar per share) 8.68 11.67 29.61 34.81
Diluted earnings per share discontinuing operations (in dollar per share) 0.01 (0.02) 0.07 (0.02)
Diluted earnings per common share (in dollars per share) $ 8.69 $ 11.65 $ 29.68 $ 34.79
WEIGHTED AVERAGE COMMON SHARES OUTSTANDING:        
Weighted average common shares outstanding, Basic (in shares) 13,139,393 13,661,059 13,231,079 13,765,791
Weighted average common shares outstanding, Diluted (in shares) 13,216,317 13,718,728 13,299,410 13,816,194
New vehicle retail sales        
REVENUES $ 2,567.6 $ 2,264.5 $ 7,114.3 $ 6,463.4
COST OF SALES 2,384.4 2,070.2 6,601.6 5,880.9
Used vehicle retail sales        
REVENUES 1,656.5 1,559.6 4,526.5 4,359.0
COST OF SALES 1,568.5 1,478.2 4,275.7 4,122.2
Used vehicle wholesale sales        
REVENUES 123.2 114.7 333.5 339.2
COST OF SALES 122.8 117.1 335.2 338.6
Parts and service sales        
REVENUES 660.0 566.9 1,810.8 1,677.3
COST OF SALES 293.1 253.4 814.0 762.3
Finance, insurance and other, net        
REVENUES $ 214.1 $ 199.4 $ 603.1 $ 554.8