v3.26.1
CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Millions
Jun. 30, 2026
Dec. 31, 2025
CURRENT ASSETS:    
Cash and cash equivalents $ 164.5 $ 32.5
Contracts-in-transit and vehicle receivables, net 299.7 326.4
Accounts and notes receivable, net 287.0 308.4
Inventories 2,759.6 2,741.3
Prepaid expenses 37.9 65.3
Other current assets 17.0 17.4
Current assets classified as held for sale 107.2 171.4
TOTAL CURRENT ASSETS 3,672.9 3,662.6
Property and equipment, net of accumulated depreciation of $787.2 and $746.3, respectively 3,101.7 3,137.4
Operating lease assets 255.8 276.0
Goodwill 2,172.6 2,204.9
Intangible franchise rights 947.4 933.8
Other long-term assets 136.1 135.1
TOTAL ASSETS 10,286.5 10,349.6
CURRENT LIABILITIES:    
Floorplan notes payable — credit facility and other, net of offset account of $157.5 and $504.2, respectively 1,404.3 1,083.5
Floorplan notes payable — manufacturer affiliates 776.9 832.3
Current maturities of long-term debt 314.6 259.0
Current operating lease liabilities 25.3 25.1
Accounts payable 685.6 732.8
Accrued expenses and other current liabilities 394.7 432.0
Current liabilities classified as held for sale 0.0 38.5
TOTAL CURRENT LIABILITIES 3,601.5 3,403.1
Long-term debt 3,048.4 3,440.5
Long-term operating lease liabilities 207.0 229.9
Deferred income taxes 325.9 331.1
Other long-term liabilities 151.5 155.8
Commitments and Contingencies (Note 12)
STOCKHOLDERS’ EQUITY:    
Common stock, $0.01 par value, 50,000,000 shares authorized; 24,922,415 and 24,941,249 shares issued, respectively 0.2 0.2
Additional paid-in capital 401.5 388.5
Retained earnings 4,642.3 4,421.9
Accumulated other comprehensive income (loss) 20.9 31.6
Treasury stock, at cost; 12,996,502 and 12,897,840 shares, respectively (2,112.8) (2,053.2)
TOTAL STOCKHOLDERS’ EQUITY 2,952.2 2,789.1
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY $ 10,286.5 $ 10,349.6