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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Mar. 31, 2023
Dec. 31, 2022
Current assets    
Cash $ 41,049 $ 61,687
Receivables, net of allowance for doubtful accounts of $476 and $476 28,405 25,053
Inventories 419,136 378,881
Income tax receivable 8,058 7,912
Prepaid expenses and other 5,971 3,316
Total current assets 502,619 476,849
Property and equipment, net of accumulated depreciation of $37,788 and $35,275 177,818 158,991
Operating lease right-of-use assets 25,797 26,984
Goodwill 89,128 83,460
Intangible assets, net 79,832 81,665
Other assets 2,947 2,769
Total assets 878,141 830,718
Current liabilities    
Accounts payable 13,485 10,843
Accrued expenses and other current liabilities 32,190 27,875
Dividends payable 1,184 1,210
Floor plan notes payable, net of debt discount 342,280 348,735
Financing liability, current portion 2,224 2,281
Long-term debt, current portion 400 3,607
Operating lease liability, current portion 5,139 5,074
Total current liabilities 396,902 399,625
Long-term liabilities    
Financing liability, non-current portion, net of debt discount 90,694 89,770
Revolving line of credit 30,000 0
Long term debt, non-current portion, net of debt discount 306 10,131
Operating lease liability, non-current portion 21,620 22,755
Deferred income tax liability 15,536 15,536
Warrant liabilities 0 906
Total liabilities 555,058 538,723
Commitments and Contingencies
Series A Convertible Preferred Stock; 600,000 shares, designated, issued, and outstanding; liquidation preference of $60,000 54,983 54,983
Stockholders’ Equity    
Preferred Stock, $0.0001 par value; 5,000,000 shares authorized; 0 0
Common stock, $0.0001 par value; 100,000,000 shares authorized; 17,255,228 and 14,515,253 shares issued and 13,843,006 and 11,112,464 outstanding 0 0
Additional paid-in capital 162,301 130,828
Treasury Stock, at cost, 3,412,222 and 3,402,789 shares (57,128) (57,019)
Retained earnings 162,927 163,203
Total stockholders’ equity 268,100 237,012
Total liabilities and stockholders’ equity $ 878,141 $ 830,718