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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
CASH FLOWS FROM OPERATING ACTIVITIES    
Net income (loss) $ 118,300 $ 25,000
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:    
Depreciation and amortization of property and equipment 67,000 69,400
Debt issuance cost amortization 3,700 3,200
Stock-based compensation expense 11,100 11,500
Deferred income taxes (7,300) (55,200)
Asset impairment charges 400 173,800
Loss (gain) on disposal of dealerships and property and equipment (1,100) 3,800
Other 300 600
Loss (gain) on exit of leased dealerships 3,600  
Changes in assets and liabilities that relate to operations:    
Receivables 52,300 105,200
Inventories (314,300) (26,500)
Other assets 2,200 7,100
Notes payable - floor plan - trade 31,600 (3,300)
Trade accounts payable and other liabilities (28,900) 18,000
Total adjustments (183,000) 307,600
Net cash provided by (used in) operating activities (64,700) 332,600
CASH FLOWS FROM INVESTING ACTIVITIES:    
Purchase of businesses, net of cash acquired (66,300) (359,900)
Purchases of land, property and equipment (154,500) (79,100)
Proceeds from sales of property and equipment 19,500 17,100
Proceeds from sales of dealerships 40,500 0
Net cash provided by (used in) investing activities (160,800) (421,900)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Net (repayments) borrowings on notes payable - floor plan - non-trade (300,400) 299,500
Borrowings on revolving credit facilities 24,600 10,200
Repayments on revolving credit facilities (24,600) (10,200)
Proceeds from issuance of long-term debt 190,000 0
Debt issuance costs 1,500 (900)
Principal payments and repurchase of long-term debt (48,900) (69,900)
Purchases of treasury stock (142,000) (44,100)
Finance Lease, Principal Payments 34,300 5,200
Issuance of shares under stock compensation plans 0 100
Dividends paid (25,300) (23,800)
Net cash provided by (used in) financing activities 238,400 155,700
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS 12,900 66,400
CASH AND CASH EQUIVALENTS, BEGINNING OF YEAR 6,300 44,000
CASH AND CASH EQUIVALENTS, END OF PERIOD 19,200 110,400
Cash paid (received) during the period for:    
Interest, including amount capitalized 97,100 93,000
Income taxes $ 52,400 $ 8,100