What changed 10-K

Item 2. Properties

2026-02-13 compared with 2025-02-14 · 2 added, 3 removed, 8 unchanged (38% of the section changed)

We lease our corporate headquarters, located at 730 Town and Country Blvd, Suite 500, Houston, Texas.

We own our regional headquarters in the U.K.

As of December 31, 2024, we had 259 dealerships as shown below by region and by whether the associated real estate is leased or owned:

Region Owned Leased

We lease our regional headquarters in the U.K.

As of December 31, 2025, we had 254 dealerships as shown below by segment and by whether the associated real estate is leased or owned:

United States 118 27

6 unchanged sentences

Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.