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SEGMENT INFORMATION
 6 Months Ended
Jun. 30, 2025
Segment Reporting [Abstract]  
SEGMENT INFORMATION SEGMENT INFORMATION
As of June 30, 2025, the Company had two operating and reportable segments: the U.S. and the U.K. The Company defines its segments as those operations whose results the Company’s Chief Executive Officer, who is the Chief Operating Decision Maker (“CODM”), regularly reviews to analyze performance and allocate resources to the U.S. and U.K. geographic areas. Each segment is comprised of retail automotive franchises that sell new and used cars and light trucks; arrange related vehicle financing; sell service and insurance contracts; provide automotive maintenance and repair services; and sell vehicle parts. The CODM predominantly uses the metric of income before income taxes in making decisions about the allocation of operating and capital resources to each segment, evaluating annual budget and forecast, as well as determining compensation for certain employees.
Selected reportable segment data for continuing operations were as follows (in millions). All intercompany balances and transactions have been eliminated in consolidation.
Three Months Ended June 30, 2025Six Months Ended June 30, 2025
U.S.U.K.TotalU.S.U.K.Total
Total revenues$4,177.2 

$1,526.4 $5,703.5 $8,098.9 $3,109.9 $11,208.8 
Cost of sales$3,448.5 

$1,319.3 $4,767.8 $6,695.3 $2,685.8 $9,381.1 
SG&A expenses $471.6 

$174.5 $646.1 $919.0 $344.3 $1,263.4 
Depreciation and amortization expense$22.2 $6.5 $28.7 $43.2 $14.8 $58.0 
Asset impairments$0.4 $— $0.4 $(1.9)$2.7 $0.8 
Restructuring charges$— $7.6 $7.6 $— $18.7 $18.7 
Floorplan interest expense$20.1 $6.3 $26.4 $40.8 $12.5 $53.3 
Other interest expense, net$34.9 $7.8 $42.7 $67.2 $15.3 $82.5 
Other segment items (1)
$— $— $— $(0.2)$— $(0.2)
Income before income taxes $179.6 $4.3 $183.9 $335.7 $15.7 $351.4 
Capital expenditures:
Real estate related capital expenditures$17.7 $— $17.7 $32.5 $— $32.5 
Non-real estate related capital expenditures45.8 8.2 54.0 79.4 12.0 91.4 
Total capital expenditures$63.5 $8.2 $71.7 $111.9 $12.0 $123.9 
Three Months Ended June 30, 2024Six Months Ended June 30, 2024
U.S.U.K.TotalU.S.U.K.Total
Total revenues$3,921.2 

$775.2 $4,696.4 $7,566.9 $1,600.0 $9,166.9 
Cost of sales$3,253.5 

$676.4 $3,929.8 $6,260.1 $1,397.7 $7,657.7 
SG&A expenses $417.6 

$79.6 $497.2 $812.5 $160.8 $973.3 
Depreciation and amortization expense$24.1 $4.1 $28.2 $44.0 $8.0 $52.0 
Floorplan interest expense$21.6 $3.1 $24.7 $39.2 $6.0 $45.2 
Other interest expense, net$31.1 $2.2 $33.4 $57.9 $4.8 $62.7 
Other segment items (1)
$— $0.1 $0.1 $— $(0.4)$(0.4)
Income before income taxes $173.3 $9.7 $183.0 $353.3 $23.0 $376.3 
Capital expenditures:
Real estate related capital expenditures$— $— $— $3.2 $17.8 $21.0 
Non-real estate related capital expenditures30.8 8.9 39.7 68.0 13.9 81.9 
Total capital expenditures$30.8 $8.9 $39.7 $71.1 $31.7 $102.9 
(1) Other segment items include other expenses, which primarily relate to currency translation.
June 30, 2025
U.S.U.K.Total
Property and equipment, net$2,306.6 $744.8 $3,051.4 
Total assets (1)
$7,816.0 $2,393.5 $10,209.5 
December 31, 2024
U.S.U.K.Total
Property and equipment, net$2,181.9 $674.6 $2,856.5 
Total assets (1)
$7,630.1 $2,176.6 $9,806.6 
(1) Total assets for reportable segments exclude the total assets related to discontinued operations. The assets related to discontinued operations were immaterial as of June 30, 2025 and December 31, 2024.