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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME (LOSS) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2023
Mar. 31, 2022
Revenue    
Revenue $ 295,656 $ 376,161
Cost applicable to revenues    
Cost applicable to revenues 231,765 277,344
Gross profit 63,891 98,817
Depreciation and amortization 4,403 4,084
Selling, general, and administrative expenses 53,532 56,104
Income from operations 5,956 38,629
Other income (expense)    
Floor plan interest expense (5,531) (976)
Other interest expense (1,700) (1,936)
Change in fair value of warrant liabilities 856 1,540
Total other expense, net (6,375) (1,372)
(Loss) income before income tax expense (419) 37,257
Income tax benefit (expense) 143 (8,973)
Net (loss) income (276) 28,284
Dividends on Series A Convertible Preferred Stock (1,184) (1,184)
Net (loss) income and comprehensive (loss) income attributable to common stock and participating securities (1,460) 27,100
Net (loss) earnings allocated to common stock and participating securities (1,460) 27,100
Net (loss) income and comprehensive (loss) income attributable to common stock and participating securities $ (1,460) $ 27,100
EPS:    
Basic (in dollars per share) $ (0.12) $ 1.44
Diluted (in dollars per share) $ (0.17) $ 1.17
Weighted average shares outstanding:    
Basic (in shares) 11,988,899 12,798,100
Diluted (in shares) 11,988,899 20,561,136
New vehicle retail    
Revenue    
Revenue $ 176,747 $ 217,436
Cost applicable to revenues    
Cost applicable to revenues 153,331 172,605
Pre-owned vehicle retail    
Revenue    
Revenue 84,775 116,500
Cost applicable to revenues    
Cost applicable to revenues 67,528 88,283
Vehicle wholesale    
Revenue    
Revenue 1,708 6,524
Cost applicable to revenues    
Cost applicable to revenues 1,721 6,579
Finance and insurance    
Revenue    
Revenue 16,881 21,635
Cost applicable to revenues    
Cost applicable to revenues 693 697
Service, body and parts and other    
Revenue    
Revenue 15,545 14,066
Cost applicable to revenues    
Cost applicable to revenues 7,181 6,720
LIFO    
Cost applicable to revenues    
Cost applicable to revenues $ 1,311 $ 2,460