v3.26.1
REVENUE RECOGNITION (Tables)
 6 Months Ended
Jun. 30, 2026
Revenue from Contract with Customer [Abstract]  
Schedule of Disaggregation of Revenue
Revenue from contracts with customers consists of the following:
For the Three Months Ended June 30,
20262025
(In millions)
Revenue:
New vehicle$2,330.2 $2,303.9 
Used vehicle retail1,094.0 1,129.4 
Used vehicle wholesale141.9 156.3 
New and used vehicle3,566.2 3,589.7 
Sale of vehicle parts and accessories123.2 124.4 
Vehicle repair and maintenance services511.4 477.1 
Parts and services634.6 601.5 
Finance and insurance, net183.8 182.0 
Total revenue$4,384.6 $4,373.1 
For the Six Months Ended June 30,
20262025
(In millions)
Revenue:
New vehicle$4,431.0 $4,442.0 
Used vehicle retail2,153.6 2,208.3 
Used vehicle wholesale288.7 313.2 
New and used vehicle6,873.3 6,963.5 
Sale of vehicle parts and accessories250.9 249.9 
Vehicle repair and maintenance services1,010.5 939.2 
Parts and services1,261.4 1,189.1 
Finance and insurance, net362.9 368.9 
Total revenue$8,497.6 $8,521.6 
Schedule of Contract with Customer, Assets Changes in contract assets during the period are reflected in the table below. Contract assets related to vehicle repair and maintenance services are transferred to receivables when a repair order is completed and invoiced to the customer. Certain incremental sales commissions payable to obtain an F&I revenue contract with a customer have been capitalized and are amortized using the same pattern of recognition applicable to the associated F&I revenue contract.
Vehicle Repair and Maintenance ServicesFinance and Insurance, netDeferred Sales CommissionsTotal
(In millions)
Contract assets (current), December 31, 2025$22.9 $11.8 $30.7 $65.4 
Contract assets (long-term), December 31, 2025$— $— $82.1 $82.1 
Contract assets, January 1, 2026$22.9 $11.8 $112.8 $147.5 
Transferred to receivables from contract assets recognized at the beginning of the period(22.9)(2.1)— (25.1)
Amortization of costs incurred to obtain a contract with a customer— — (8.6)(8.6)
Costs incurred to obtain a contract with a customer— — 13.1 13.1 
Increases related to revenue recognized, inclusive of adjustments to constraint, during the period23.4 1.9 — 25.3 
Contract assets, March 31, 2026$23.4 $11.5 $117.3 $152.2 
Transferred to receivables from contract assets recognized at the beginning of the period(23.4)(0.9)— (24.4)
Amortization of costs to obtain a contract with a customer— — (13.0)(13.0)
Costs incurred to obtain a contract with a customer— — 13.9 13.9 
Increases related to revenue recognized, inclusive of adjustments to constraint, during the period23.1 0.4 — 23.5 
Contract assets, June 30, 2026$23.1 $11.0 $118.2 $152.3 
Contract assets (current), June 30, 2026$23.1 $11.0 $32.8 $66.9 
Contract assets (long-term), June 30, 2026$— $— $85.4 $85.4 
Schedule of Discontinued Operations and Related Results of Business During the six months ended June 30, 2026, we sold the following franchises:
ManufacturerFranchisesLocationsStates
Mercedes-Benz; Sprinter42Missouri
Audi11Missouri
Nissan11South Carolina
Chrysler Jeep Dodge Ram31Indiana
Land Rover22Missouri; South Carolina
Porsche11South Carolina
BMW11Missouri
Infiniti11Missouri
During the six months ended June 30, 2025, we sold the following franchises:
ManufacturerFranchisesLocationsStates
Nissan11Colorado
Chevrolet11Utah
Chrysler Dodge Jeep Ram31Utah
Ford11Utah
Toyota22California
Volvo11South Carolina