Unaudited Condensed Consolidated Income Statements (USD $) In Millions, except Per Share data | 3 Months Ended | 9 Months Ended | ||
|---|---|---|---|---|
Sep. 30, 2011 | Sep. 30, 2010 | Sep. 30, 2011 | Sep. 30, 2010 | |
| TOTAL REVENUE | $ 3,506.5 | $ 3,273.9 | $ 10,153.9 | $ 9,214.8 |
| TOTAL COST OF SALES | 2,931.3 | 2,728.5 | 8,429.1 | 7,631.8 |
| TOTAL GROSS PROFIT | 575.2 | 545.4 | 1,724.8 | 1,583.0 |
| Selling, general, and administrative expenses | 411.4 | 402.9 | 1,236.7 | 1,159.4 |
| Depreciation and amortization | 20.9 | 18.7 | 62.7 | 57.2 |
| Other expenses (income), net | (1.2) | 2.9 | (3.1) | 4.5 |
| OPERATING INCOME | 144.1 | 120.9 | 428.5 | 361.9 |
| Floorplan interest expense | (9.7) | (10.8) | (31.8) | (30.2) |
| Other interest expense | (16.4) | (16.1) | (48.6) | (39.8) |
| Loss on debt extinguishment | 0 | 0 | 0 | (19.6) |
| Interest income | 0 | 0.3 | 0.6 | 0.8 |
| Other losses, net | (2.4) | (0.7) | (0.2) | (1.1) |
| INCOME FROM CONTINUING OPERATIONS BEFORE INCOME TAXES | 115.6 | 93.6 | 348.5 | 272.0 |
| INCOME TAX PROVISION | 44.9 | 35.1 | 134.2 | 104.8 |
| NET INCOME FROM CONTINUING OPERATIONS | 70.7 | 58.5 | 214.3 | 167.2 |
| Loss from discontinued operations, net of income taxes | 0 | (1.6) | (2.3) | (7.9) |
| NET INCOME | 70.7 | 56.9 | 212.0 | 159.3 |
| BASIC EARNINGS (LOSS) PER SHARE: | ||||
| Continuing operations | $ 0.49 | $ 0.40 | $ 1.46 | $ 1.05 |
| Discontinued operations | $ 0.00 | $ (0.01) | $ (0.02) | $ (0.05) |
| Net income | $ 0.49 | $ 0.39 | $ 1.44 | $ 1.00 |
| Weighted average common shares outstanding | 144.4 | 147.5 | 146.9 | 160.0 |
| DILUTED EARNINGS (LOSS) PER SHARE: | ||||
| Continuing operations | $ 0.48 | $ 0.39 | $ 1.43 | $ 1.04 |
| Discontinued operations | $ 0.00 | $ (0.01) | $ (0.02) | $ (0.05) |
| Net income | $ 0.48 | $ 0.38 | $ 1.42 | $ 0.99 |
| Weighted average common shares outstanding | 147.0 | 149.6 | 149.5 | 161.4 |
| COMMON SHARES OUTSTANDING, net of treasury stock | 141.4 | 148.0 | 141.4 | 148.0 |
New Vehicle [Member] | ||||
| TOTAL REVENUE | 1,881.6 | 1,773.3 | 5,413.3 | 4,890.4 |
| TOTAL COST OF SALES | 1,743.4 | 1,661.4 | 5,013.1 | 4,566.7 |
| TOTAL GROSS PROFIT | 138.2 | 111.9 | 400.2 | 323.7 |
Used Vehicle [Member] | ||||
| TOTAL REVENUE | 911.9 | 812.4 | 2,630.6 | 2,327.7 |
| TOTAL COST OF SALES | 845.4 | 743.2 | 2,407.4 | 2,122.7 |
| TOTAL GROSS PROFIT | 66.5 | 69.2 | 223.2 | 205.0 |
Parts and Service [Member] | ||||
| TOTAL REVENUE | 578.0 | 564.1 | 1,720.0 | 1,648.9 |
| TOTAL COST OF SALES | 336.1 | 318.5 | 988.4 | 927.3 |
| TOTAL GROSS PROFIT | 241.9 | 245.6 | 731.6 | 721.6 |
Finance and Insurance, Net [Member] | ||||
| TOTAL REVENUE | 121.9 | 111.9 | 349.6 | 311.9 |
| TOTAL GROSS PROFIT | 121.9 | 111.9 | 349.6 | 311.9 |
Other Goods and Services [Member] | ||||
| TOTAL REVENUE | 13.1 | 12.2 | 40.4 | 35.9 |
| TOTAL COST OF SALES | 6.4 | 5.4 | 20.2 | 15.1 |
| TOTAL GROSS PROFIT | $ 6.7 | $ 6.8 | $ 20.2 | $ 20.8 |