v3.26.3
Consolidated Statements of Income - USD ($)
$ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2026
Sep. 30, 2025
Sep. 30, 2026
Sep. 30, 2025
Operating revenues        
Operating revenues $ 561.2 $ 498.4 $ 1,643.7 $ 1,440.2
Operating expenses        
Cost of services (exclusive of depreciation and amortization) 309.3 270.2 887.4 766.2
Finance interest expense 28.2 28.1 78.7 82.6
Provision for credit losses 8.4 11.5 27.6 29.5
Selling, general and administrative 123.4 110.9 371.6 332.4
Depreciation and amortization 21.5 22.7 66.7 68.4
Loss on sale of property 0.0 0.0 0.0 7.0
Total operating expenses 490.8 443.4 1,432.0 1,286.1
Operating profit 70.4 55.0 211.7 154.1
Interest expense 10.0 1.1 30.1 8.2
Other income, net (0.4) (2.2) (5.6) (14.6)
Loss on extinguishment of debt 0.7 0.0 0.7 0.0
Income before income taxes 60.1 56.1 186.5 160.5
Income taxes 15.4 8.2 48.6 42.3
Net income 44.7 47.9 137.9 118.2
Amounts attributable to common stockholders [Abstract]        
Net income 44.7 47.9 137.9 118.2
Series A Preferred Stock dividends 0.0 (11.1) (8.6) (33.3)
Net income attributable to participating securities 0.0 (9.2) (9.5) (21.2)
Net income attributable to common stockholders $ 44.7 $ 27.6 $ 119.8 $ 63.7
Net income per share, Basic        
Basic (in dollars per share) $ 0.36 $ 0.26 $ 1.05 $ 0.59
Net income per share, Diluted        
Diluted (in dollars per share) $ 0.36 $ 0.25 $ 1.02 $ 0.59
Auction and Related Fees        
Operating revenues        
Operating revenues $ 253.2 $ 215.2 $ 754.0 $ 628.0
SaaS and Other Revenue        
Operating revenues        
Operating revenues 73.9 65.3 214.8 195.0
Purchased vehicle sales        
Operating revenues        
Operating revenues 119.4 108.9 346.5 293.1
Finance revenue        
Operating revenues        
Operating revenues $ 114.7 $ 109.0 $ 328.4 $ 324.1