ACQUISITIONS AND DIVESTITURES (Tables)

6 Months Ended

Jun. 30, 2026

The sources of the preliminary purchase consideration are as follows:


	(In millions)

New vehicle floor plan facility	$	292.0
Used vehicle floor plan facility	300.0
Revolving credit facility	623.3
Real estate facility	546.5
Preliminary purchase price	$	1,761.8

The following table summarizes the amounts recorded based on preliminary estimates of fair value:


Summary of Assets Acquired and Liabilities Assumed
	(In millions)
Assets
Inventories, net	$	371.6
Other current assets	56.6
Total current assets	428.2
Property and equipment, net	605.5
Goodwill	343.0
Intangible franchise rights	428.5
Operating lease right-of-use assets	39.1
Total assets acquired	$	1,844.3
Liabilities
Operating lease liabilities	$	39.8
Other liabilities	42.7
Total liabilities assumed	82.5
Net assets acquired	$	1,761.8

Tabular disclosure of business combination. Includes, but is not limited to, recognized asset and liability.