v3.25.2
ACQUISITIONS AND DISPOSITIONS (Tables)
 6 Months Ended
Jun. 30, 2025
Business Combination, Asset Acquisition, Transaction between Entities under Common Control, and Joint Venture Formation [Abstract]  
Schedule of Business Combination, Recognized Asset Acquired and Liability Assumed
The following table summarizes the consideration paid and aggregate amounts of assets acquired and liabilities assumed as of June 30, 2025 (in millions):
Total consideration$517.0 
Identifiable assets acquired and liabilities assumed
Cash
$23.4 
Contracts-in-transit and vehicle receivables, net27.6 
Accounts receivable, net
37.7 
Inventories384.3 
Prepaid expenses and other current assets
14.1 
Property and equipment286.1 
Operating lease assets104.3 
Intangible franchise rights123.7 
Total assets acquired1,001.2 
Floorplan notes payable
236.4 
Accounts payable
204.6 
Accrued expenses
54.0 
Operating lease liabilities75.4 
Deferred income taxes41.1 
Other liabilities
3.9 
Total liabilities assumed615.4 
Total identifiable net assets385.7 
Goodwill$131.3 
Schedule of Pro Forma Information
The following unaudited pro forma financial information presents consolidated information of the Company as if the Inchcape Acquisition had occurred on January 1, 2024 (in millions):
Three Months Ended June 30, 2024Six Months Ended June 30, 2024
(unaudited)
Revenues$5,349.4 $10,505.0 
Net income$128.1 $273.5