v3.25.2
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
$ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Jun. 30, 2025
Jun. 30, 2024
Total revenues $ 5,703.5 $ 4,696.4 $ 11,208.8 $ 9,166.9
Total cost of sales 4,767.8 3,929.8 9,381.1 7,657.7
GROSS PROFIT 935.8 766.5 1,827.7 1,509.1
Selling, general and administrative expenses 646.1 497.2 1,263.4 973.3
Depreciation and amortization expense 28.7 28.2 58.0 52.0
Asset impairments 0.4 0.0 0.8 0.0
Restructuring charges 7.6 0.0 18.7 0.0
INCOME FROM OPERATIONS 253.0 241.1 486.9 483.8
Floorplan interest expense 26.4 24.7 53.3 45.2
Other interest expense, net 42.7 33.4 82.5 62.7
Other expense (income) 0.0 0.1 (0.2) (0.4)
INCOME BEFORE INCOME TAXES 183.9 183.0 351.4 376.3
Provision for income taxes 44.0 45.2 83.8 91.0
Net income from continuing operations 139.8 137.9 267.6 285.3
Net income from discontinued operations 0.7 0.3 1.0 0.8
NET INCOME $ 140.5 $ 138.2 $ 268.6 $ 286.1
BASIC EARNINGS PER SHARE:        
Basic earnings per share continuing operations (in dollars per share) $ 10.79 $ 10.20 $ 20.44 $ 21.01
Basic earnings per share discontinued operations (in dollars per share) 0.05 0.02 0.08 0.06
Basic earnings per share (in dollars per share) 10.84 10.22 20.52 21.07
DILUTED EARNINGS PER SHARE:        
Diluted earnings per share continuing operations (in dollar per share) 10.77 10.15 20.40 20.91
Diluted earnings per share discontinued operations (in dollar per share) 0.05 0.02 0.08 0.06
Diluted earnings per common share (in dollars per share) $ 10.82 $ 10.17 $ 20.48 $ 20.97
WEIGHTED AVERAGE COMMON SHARES OUTSTANDING:        
Weighted average common shares outstanding basic (in shares) 12,814,393 13,226,129 12,936,243 13,277,425
Weighted average common shares outstanding diluted (in shares) 12,842,691 13,294,056 12,962,372 13,341,412
New vehicle retail sales        
Total revenues $ 2,735.5 $ 2,364.2 $ 5,415.4 $ 4,546.8
Total cost of sales 2,537.1 2,194.1 5,027.4 4,217.2
Used vehicle retail sales        
Total revenues 1,848.2 1,453.2 3,603.6 2,870.0
Total cost of sales 1,751.8 1,372.6 3,413.7 2,707.2
Used vehicle wholesale sales        
Total revenues 163.8 104.3 315.4 210.3
Total cost of sales 163.3 105.4 313.3 212.4
Parts and service sales        
Total revenues 718.4 574.5 1,410.4 1,150.8
Total cost of sales 315.6 257.7 626.7 520.9
Finance, insurance and other, net        
Total revenues $ 237.8 $ 200.1 $ 464.0 $ 389.0