v3.26.1
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
$ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Jun. 30, 2026
Jun. 30, 2025
Total revenues $ 5,385.1 $ 5,703.5 $ 10,792.2 $ 11,208.8
Total cost of sales 4,524.5 4,767.8 9,053.7 9,381.1
GROSS PROFIT 860.6 935.8 1,738.4 1,827.7
Selling, general and administrative expenses 623.5 646.1 1,224.1 1,263.4
Depreciation and amortization expense 30.9 28.7 62.1 58.0
Asset impairments 1.0 0.4 3.5 0.8
Restructuring charges 2.1 7.6 3.1 18.7
INCOME FROM OPERATIONS 203.1 253.0 445.7 486.9
Floorplan interest expense 22.0 26.4 45.3 53.3
Other interest expense, net 46.7 42.7 95.5 82.5
Other income 0.0 0.0 0.0 (0.2)
INCOME BEFORE INCOME TAXES 134.4 183.9 304.9 351.4
Provision for income taxes 31.4 44.0 72.0 83.8
Net income from continuing operations 103.0 139.8 232.9 267.6
Net income from discontinued operations 0.3 0.7 0.7 1.0
NET INCOME $ 103.3 $ 140.5 $ 233.5 $ 268.6
BASIC EARNINGS PER SHARE:        
Basic earnings per share continuing operations (in dollars per share) $ 8.63 $ 10.79 $ 19.48 $ 20.44
Basic earnings per share discontinued operations (in dollars per share) 0.03 0.05 0.06 0.08
Basic earnings per share (in dollars per share) 8.66 10.84 19.54 20.52
DILUTED EARNINGS PER SHARE:        
Diluted earnings per share continuing operations (in dollar per share) 8.62 10.77 19.44 20.40
Diluted earnings per share discontinued operations (in dollar per share) 0.03 0.05 0.06 0.08
Diluted earnings per common share (in dollars per share) $ 8.64 $ 10.82 $ 19.50 $ 20.48
WEIGHTED AVERAGE COMMON SHARES OUTSTANDING:        
Weighted average common shares outstanding basic (in shares) 11,816,097 12,814,393 11,836,333 12,936,243
Weighted average common shares outstanding diluted (in shares) 11,840,951 12,842,691 11,860,122 12,962,372
New vehicle retail sales        
Total revenues $ 2,606.1 $ 2,735.5 $ 5,168.5 $ 5,415.4
Total cost of sales 2,432.6 2,537.1 4,822.2 5,027.4
Used vehicle retail sales        
Total revenues 1,718.3 1,848.2 3,493.2 3,603.6
Total cost of sales 1,636.4 1,751.8 3,323.6 3,413.7
Used vehicle wholesale sales        
Total revenues 151.5 163.8 300.9 315.4
Total cost of sales 152.2 163.3 300.1 313.3
Parts and service sales        
Total revenues 692.4 718.4 1,396.8 1,410.4
Total cost of sales 303.4 315.6 607.8 626.7
Finance, insurance and other, net        
Total revenues $ 216.8 $ 237.8 $ 432.7 $ 464.0