v3.26.1
Consolidated Statements of Income - USD ($)
$ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Jun. 30, 2026
Jun. 30, 2025
Operating revenues        
Operating revenues $ 554.6 $ 481.7 $ 1,082.5 $ 941.8
Operating expenses        
Cost of services (exclusive of depreciation and amortization) 306.4 254.4 578.1 496.0
Finance interest expense 25.7 26.9 50.5 54.5
Provision for credit losses 8.9 8.7 19.2 18.0
Selling, general and administrative 123.8 114.3 248.2 221.5
Depreciation and amortization 22.3 23.0 45.2 45.7
Loss on sale of property 0.0 7.0 0.0 7.0
Total operating expenses 487.1 434.3 941.2 842.7
Operating profit 67.5 47.4 141.3 99.1
Interest expense 10.0 3.1 20.1 7.1
Other income, net (3.6) (7.4) (5.2) (12.4)
Income before income taxes 61.1 51.7 126.4 104.4
Income taxes 16.8 18.3 33.2 34.1
Net income 44.3 33.4 93.2 70.3
Amounts attributable to common stockholders [Abstract]        
Net income 44.3 33.4 93.2 70.3
Series A Preferred Stock dividends (3.3) (11.1) (8.6) (22.2)
Net income attributable to participating securities (3.4) (5.6) (9.3) (12.0)
Net income attributable to common stockholders $ 37.6 $ 16.7 $ 75.3 $ 36.1
Net income per share, Basic        
Basic (in dollars per share) $ 0.33 $ 0.16 $ 0.68 $ 0.34
Net income per share, Diluted        
Diluted (in dollars per share) $ 0.32 $ 0.15 $ 0.67 $ 0.33
Auction and Related Fees        
Operating revenues        
Operating revenues $ 259.0 $ 213.9 $ 500.8 $ 412.8
SaaS and Other Revenue        
Operating revenues        
Operating revenues 73.4 63.1 140.9 129.7
Purchased vehicle sales        
Operating revenues        
Operating revenues 114.9 98.5 227.1 184.2
Finance revenue        
Operating revenues        
Operating revenues $ 107.3 $ 106.2 $ 213.7 $ 215.1