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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Jun. 30, 2023
Dec. 31, 2022
Current assets    
Cash $ 24,173 $ 61,687
Receivables, net of allowance for doubtful accounts of $476 and $476 28,468 25,053
Inventories 389,832 378,881
Income tax receivable 6,673 7,912
Prepaid expenses and other 5,490 3,316
Total current assets 454,636 476,849
Property and equipment, net of accumulated depreciation of $40,412 and $35,275 207,568 158,991
Operating lease right-of-use assets 24,836 26,984
Goodwill 89,128 83,460
Intangible assets, net 77,999 81,665
Other assets 3,159 2,769
Total assets 857,326 830,718
Current liabilities    
Accounts payable 14,587 10,843
Accrued expenses and other current liabilities 30,595 27,875
Dividends payable 1,197 1,210
Income tax payable 67 0
Floor plan notes payable, net of debt discount 305,061 348,735
Financing liability, current portion 2,301 2,281
Long-term debt, current portion 400 3,607
Operating lease liability, current portion 5,073 5,074
Total current liabilities 359,281 399,625
Long-term liabilities    
Financing liability, non-current portion, net of debt discount 90,090 89,770
Revolving line of credit 45,000 0
Long term debt, non-current portion, net of debt discount 312 10,131
Operating lease liability, non-current portion 20,701 22,755
Deferred income tax liability 15,389 15,536
Warrant liabilities 0 906
Total liabilities 530,773 538,723
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; 17,328,483 and 14,515,253 shares issued and 13,916,261 and 11,112,464 shares outstanding 0 0
Additional paid-in capital 162,211 130,828
Treasury stock, at cost, 3,412,222 and 3,402,789 shares (57,128) (57,019)
Retained earnings 166,487 163,203
Total stockholders’ equity 271,570 237,012
Total liabilities and stockholders’ equity $ 857,326 $ 830,718