Acquisitions and Divestitures |
6 Months Ended |
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Jun. 30, 2026 | |
| Business Combination, Asset Acquisition, Transaction between Entities under Common Control, and Joint Venture Formation [Abstract] | |
| Acquisitions and Divestitures | ACQUISITIONS AND DIVESTITURES We purchased one Import store and three Premium Luxury stores during the six months ended June 30, 2026. The purchase price allocations for these business combinations are preliminary and subject to final adjustments, primarily related to the valuation of working capital and residual goodwill. Acquisitions are included in the Unaudited Condensed Consolidated Financial Statements from the date of acquisition. We purchased one Domestic store and one Import store during the six months ended June 30, 2025. The acquisitions completed during the six months ended June 30, 2026 and 2025, were not material to our financial condition or results of operations. Additionally, on a pro forma basis as if the results of these acquisitions had been included in our consolidated results for the respective six months ended June 30, 2026 and 2025, revenue and net income would not have been materially different from our reported revenue and net income for these periods. We divested two Domestic stores during the six months ended June 30, 2026. We did not divest any stores during the six months ended June 30, 2025. Gains on divestitures are included in Other Expense, Net (within Operating Income) in our Unaudited Condensed Consolidated Statements of Income. The financial condition and results of operations of these businesses were not material to our consolidated financial statements.
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