ACQUISITIONS AND DISPOSITIONS	6 Months Ended
Jun. 30, 2026
Business Combination, Asset Acquisition, Transaction between Entities under Common Control, and Joint Venture Formation [Abstract]
ACQUISITIONS AND DISPOSITIONS	ACQUISITIONS AND DISPOSITIONS The Company accounts for business combinations under the acquisition method of accounting, wherein the Company allocates the purchase price to the assets acquired and liabilities assumed based on an estimate of fair value. During the six months ended June 30, 2026, the Company acquired four dealerships in the U.S., including two Toyota dealerships and two Honda dealerships. Aggregate consideration paid for these dealerships, which were accounted for as business combinations, was $219.0 million. At the time of the acquisition, the Company intended to divest two of the dealerships, which it completed subsequent to the current quarter. As of June 30, 2026, these two dealerships were included in assets held for sale. Goodwill associated with the retained dealerships totaled $53.2 million. During the six months ended June 30, 2026, the Company acquired three dealerships in the U.K., specifically two Volkswagen dealerships and one Skoda dealership. Aggregate consideration paid for these dealerships, which were accounted for as business combinations, was $0.6 million. There was no goodwill associated with the acquisitions. The purchase price allocation for these acquisitions is preliminary and subject to change as the Company’s fair value assessments are finalized. The Company is continuing to analyze and assess relevant information related to the valuation of certain assets and liabilities, including, but not limited to, the valuation of property, equipment, intangible assets and deferred income taxes. The Company will reflect any required fair value adjustments in subsequent periods. During the six months ended June 30, 2025, the Company acquired three dealerships in the U.S., including one Lexus dealership, one Acura dealership and one Mercedes-Benz dealership. Aggregate consideration paid for these dealerships, which were accounted for as business combinations, was $305.8 million. Goodwill associated with the acquisitions totaled $164.4 million. During the six months ended June 30, 2025, the Company acquired four dealerships in the U.K., including three Toyota dealerships and one Lexus dealership. Aggregate consideration paid for these dealerships, which were accounted for as business combinations, was $16.4 million. Goodwill associated with the acquisitions totaled $2.4 million. On July 30, 2026, the Company announced it entered into an agreement to purchase 10 dealerships and a collision center in Atlanta, Georgia. The Company expects to pay an aggregate purchase price of approximately $1.3 billion, subject to customary closing adjustments. The purchase is expected to be financed through $1.25 billion of new debt, backstopped by a bridge commitment. The acquisition is expected to close by the end of 2026. Dispositions The Company’s divestitures generally consist of dealership assets and related real estate. Gains and losses on divestitures are recorded in Selling, general and administrative expenses in the Condensed Consolidated Statements of Operations. During the six months ended June 30, 2026, the Company recorded a net pre-tax gain totaling $44.2 million related to the disposition of two dealerships in the U.S. The dispositions reduced goodwill by $109.4 million. During the six months ended June 30, 2026, the Company recorded a net pre-tax loss totaling $7.2 million related to the disposition of six dealerships in the U.K. The dispositions reduced goodwill by $8.4 million. During the six months ended June 30, 2025, the Company recorded a net pre-tax gain totaling $0.7 million related to the disposition of three dealerships in the U.S. The disposition reduced goodwill by $19.6 million. The Company also terminated four franchises in the U.S. During the six months ended June 30, 2025, the Company closed four dealerships in the U.K. in connection with the Restructuring Plan (as defined in Note 4. Restructuring). Refer to Note 4. Restructuring for further information regarding the impairment charges taken on these closed dealerships as part of the Restructuring Plan. During the six months ended June 30, 2025, the Company terminated eight franchises in the U.K. and recorded an impairment charge of $2.7 million associated with certain franchise terminations. Assets held for sale in the Condensed Consolidated Balance Sheets includes $57.5 million and $39.5 million of goodwill that was reclassified to assets held for sale as of June 30, 2026 and December 31, 2025, respectively.

The Company accounts for business combinations under the acquisition method of accounting, wherein the Company allocates the purchase price to the assets acquired and liabilities assumed based on an estimate of fair value.

During the six months ended June 30, 2026, the Company acquired four dealerships in the U.S., including two Toyota dealerships and two Honda dealerships. Aggregate consideration paid for these dealerships, which were accounted for as business combinations, was $219.0 million. At the time of the acquisition, the Company intended to divest two of the dealerships, which it completed subsequent to the current quarter. As of June 30, 2026, these two dealerships were included in assets held for sale. Goodwill associated with the retained dealerships totaled $53.2 million.

During the six months ended June 30, 2026, the Company acquired three dealerships in the U.K., specifically two Volkswagen dealerships and one Skoda dealership. Aggregate consideration paid for these dealerships, which were accounted for as business combinations, was $0.6 million. There was no goodwill associated with the acquisitions.

The purchase price allocation for these acquisitions is preliminary and subject to change as the Company’s fair value assessments are finalized. The Company is continuing to analyze and assess relevant information related to the valuation of certain assets and liabilities, including, but not limited to, the valuation of property, equipment, intangible assets and deferred income taxes. The Company will reflect any required fair value adjustments in subsequent periods.

During the six months ended June 30, 2025, the Company acquired three dealerships in the U.S., including one Lexus dealership, one Acura dealership and one Mercedes-Benz dealership. Aggregate consideration paid for these dealerships, which were accounted for as business combinations, was $305.8 million. Goodwill associated with the acquisitions totaled $164.4 million.

During the six months ended June 30, 2025, the Company acquired four dealerships in the U.K., including three Toyota dealerships and one Lexus dealership. Aggregate consideration paid for these dealerships, which were accounted for as business combinations, was $16.4 million. Goodwill associated with the acquisitions totaled $2.4 million.

On July 30, 2026, the Company announced it entered into an agreement to purchase 10 dealerships and a collision center in Atlanta, Georgia. The Company expects to pay an aggregate purchase price of approximately $1.3 billion, subject to customary closing adjustments. The purchase is expected to be financed through $1.25 billion of new debt, backstopped by a bridge commitment. The acquisition is expected to close by the end of 2026.

The Company’s divestitures generally consist of dealership assets and related real estate. Gains and losses on divestitures are recorded in Selling, general and administrative expenses in the Condensed Consolidated Statements of Operations.

During the six months ended June 30, 2026, the Company recorded a net pre-tax gain totaling $44.2 million related to the disposition of two dealerships in the U.S. The dispositions reduced goodwill by $109.4 million.

During the six months ended June 30, 2026, the Company recorded a net pre-tax loss totaling $7.2 million related to the disposition of six dealerships in the U.K. The dispositions reduced goodwill by $8.4 million.

During the six months ended June 30, 2025, the Company recorded a net pre-tax gain totaling $0.7 million related to the disposition of three dealerships in the U.S. The disposition reduced goodwill by $19.6 million. The Company also terminated four franchises in the U.S.

During the six months ended June 30, 2025, the Company closed four dealerships in the U.K. in connection with the Restructuring Plan (as defined in Note 4. Restructuring). Refer to Note 4. Restructuring for further information regarding the impairment charges taken on these closed dealerships as part of the Restructuring Plan.

During the six months ended June 30, 2025, the Company terminated eight franchises in the U.K. and recorded an impairment charge of $2.7 million associated with certain franchise terminations.

Assets held for sale in the Condensed Consolidated Balance Sheets includes $57.5 million and $39.5 million of goodwill that was reclassified to assets held for sale as of June 30, 2026 and December 31, 2025, respectively.