v3.26.1
CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Millions
Jun. 30, 2026
Dec. 31, 2025
CURRENT ASSETS:    
Cash and cash equivalents $ 30.4 $ 40.4
Short-term investments 5.3 0.5
Contracts-in-transit, net 179.5 239.2
Accounts receivable, net 257.7 294.6
Inventories, net 2,108.6 2,135.8
Assets held for sale 81.5 268.9
Other current assets 419.4 400.9
Total current assets 3,082.4 3,380.2
INVESTMENTS 416.5 414.7
PROPERTY AND EQUIPMENT, net 3,187.3 3,070.4
OPERATING LEASE RIGHT-OF-USE ASSETS 224.3 240.6
GOODWILL 2,269.7 2,281.3
INTANGIBLE FRANCHISE RIGHTS 2,090.4 2,097.6
OTHER LONG-TERM ASSETS 140.8 133.3
Total assets 11,411.5 11,618.2
CURRENT LIABILITIES:    
Floor plan notes payable—trade, net 300.7 343.1
Floor plan notes payable—non-trade, net 1,538.8 1,683.9
Current maturities of long-term debt 447.7 479.2
Current maturities of operating leases 24.8 27.6
Accounts payable and accrued liabilities 832.9 780.3
Deferred revenue—current 242.9 243.6
Liabilities associated with assets held for sale 0.0 1.8
Total current liabilities 3,387.7 3,559.5
LONG-TERM DEBT 3,010.0 3,092.8
LONG-TERM LEASE LIABILITY 208.5 221.6
DEFERRED REVENUE 619.5 584.6
DEFERRED INCOME TAXES 210.6 210.6
OTHER LONG-TERM LIABILITIES 52.0 57.1
COMMITMENTS AND CONTINGENCIES (Note 13)
SHAREHOLDERS' EQUITY:    
Preferred stock, $.01 par value; 10,000,000 shares authorized; none issued or outstanding 0.0 0.0
Common stock, $.01 par value; 90,000,000 shares authorized; 40,099,276 and 41,338,419 shares issued, including shares held in treasury, respectively 0.4 0.4
Additional paid-in capital 1,328.5 1,327.6
Retained earnings 3,657.3 3,616.2
Treasury stock, at cost; 22,147,927 and 22,109,690 shares, respectively (1,104.0) (1,092.8)
Accumulated other comprehensive income 41.0 40.6
Total shareholders' equity 3,923.2 3,891.9
Total liabilities and shareholders' equity $ 11,411.5 $ 11,618.2
Common stock, shares issued (in shares) 40,099,276 41,338,419