v3.26.1
Consolidated Statements of Income - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2026
Mar. 31, 2025
Operating revenues    
Operating revenues $ 527.9 $ 460.1
Operating expenses    
Cost of services (exclusive of depreciation and amortization) 271.7 241.6
Finance interest expense 24.8 27.6
Provision for credit losses 10.3 9.3
Selling, general and administrative 124.4 107.2
Depreciation and amortization 22.9 22.7
Total operating expenses 454.1 408.4
Operating profit 73.8 51.7
Interest expense 10.1 4.0
Other income, net (1.6) (5.0)
Income before income taxes 65.3 52.7
Income taxes 16.4 15.8
Net income 48.9 36.9
Amounts attributable to common stockholders [Abstract]    
Net income 48.9 36.9
Series A Preferred Stock dividends (5.3) (11.1)
Net income attributable to participating securities (6.0) (6.4)
Net income attributable to common stockholders $ 37.6 $ 19.4
Net income per share, Basic    
Basic (in dollars per share) $ 0.35 $ 0.18
Net income per share, Diluted    
Diluted (in dollars per share) $ 0.35 $ 0.18
Auction and Related Fees    
Operating revenues    
Operating revenues $ 241.8 $ 198.9
SaaS and Other Revenue    
Operating revenues    
Operating revenues 67.5 66.6
Purchased vehicle sales    
Operating revenues    
Operating revenues 112.2 85.7
Finance revenue    
Operating revenues    
Operating revenues $ 106.4 $ 108.9