v3.26.1
SEGMENTS (Tables)
 6 Months Ended
Jun. 30, 2026
Segment Reporting [Abstract]  
Schedule of Certain Information on a Segment Basis Certain financial information on a segment basis is as follows:
 
Three Months Ended
June 30,
Six Months Ended
June 30,
(In millions)
2026
2025
2026
2025
Vehicle operations
Total revenue
$9,791.3
$9,583.0
$19,062.7
$18,761.2
Total gross profit
1,497.4
1,485.1
2,919.1
2,895.4
Floor plan interest expense
(69.7)
(55.0)
(125.6)
(112.0)
Personnel expense
(560.1)
(546.6)
(1,101.2)
(1,060.7)
Rent and facility expense
(201.1)
(181.2)
(403.3)
(363.6)
Advertising expense
(78.5)
(72.4)
(158.3)
(142.3)
Other vehicle operations expenses1
(291.9)
(276.7)
(601.9)
(555.0)
Vehicle operations income
296.1
353.2
528.8
661.9
Financing Operations
Interest and fee income
116.4
98.8
226.9
193.2
Interest expense
(53.5)
(49.8)
(105.2)
(97.9)
Total interest margin
62.9
49.0
121.7
95.3
Lease income
26.4
23.7
50.3
44.2
Lease costs
(22.5)
(18.6)
(42.7)
(35.4)
Lease income, net
3.9
5.1
7.6
8.8
Provision expense
(15.8)
(21.2)
(42.2)
(46.7)
Other financing operations expenses2
(14.5)
(12.8)
(29.3)
(24.8)
Financing operations income
36.5
20.1
57.8
32.6
Total segment income for reportable segments
332.6
373.3
586.5
694.4
Corporate and other3
116.9
62.2
212.7
154.2
Depreciation and amortization
(70.9)
(65.2)
(140.7)
(129.0)
Other interest expense
(62.7)
(66.7)
(132.9)
(132.2)
Other (expense) income, net
36.2
48.5
(31.5)
49.3
Income before income taxes
$352.1
$352.1
$494.1
$636.7
(1)Other vehicle operations expenses includes management fees, data processing fees, outside services fees, insurance
expense, office and other supplies expense, banking expense, and certain overhead expenses.
(2)Other financing operations expenses includes personnel expense, data processing fees, outside services fees, expenses
attributable to underwriting, funding, and loan servicing, and certain overhead expenses.
(3)Corporate and other includes management fee income.
Schedule of Revenue from External Customers and Long-Lived Assets, by Geographical Areas The following table presents revenue by geographic area:
Three Months Ended
June 30,
Six Months Ended
June 30,
(In millions)
2026
2025
2026
2025
Revenue from external customers:
United States
$7,575.9
$7,489.2
$14,583.7
$14,560.9
United Kingdom
1,832.5
1,749.4
3,819.7
3,599.5
Canada
382.9
344.4
659.3
600.8
Total revenue from external customers
$9,791.3
$9,583.0
$19,062.7
$18,761.2