v3.26.1
RECEIVABLES, NET AND CONTRACT ASSETS
3 Months Ended
Mar. 31, 2026
Receivables [Abstract]  
RECEIVABLES, NET AND CONTRACT ASSETS RECEIVABLES, NET AND CONTRACT ASSETS
The Company’s receivables, net and contract assets consisted of the following (in millions):
March 31, 2026December 31, 2025
Contracts-in-transit and vehicle receivables, net:
Contracts-in-transit$208.8 $224.0 
Vehicle receivables123.3 102.9 
Total contracts-in-transit and vehicle receivables332.1 326.8 
Less: allowance for doubtful accounts 0.4 0.5 
Total contracts-in-transit and vehicle receivables, net$331.7 $326.4 
Accounts and notes receivable, net:
Manufacturer receivables$180.2 $175.5 
Parts and service receivables 83.7 84.0 
F&I receivables32.6 39.2 
Other54.9 14.5 
Total accounts and notes receivable351.5 313.2 
Less: allowance for doubtful accounts 4.2 4.8 
Total accounts and notes receivable, net $347.3 $308.4 
Within Other current assets and Other long-term assets:
Total contract assets (1)
$67.0 $71.6 
(1) No allowance for doubtful accounts was recorded for contract assets as of March 31, 2026 or December 31, 2025.