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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Sep. 30, 2023
Dec. 31, 2022
Current assets    
Cash $ 32,922 $ 61,687
Receivables, net of allowance for doubtful accounts of $476 and $476 21,823 25,053
Inventories 385,329 378,881
Income tax receivable 8,533 7,912
Prepaid expenses and other 3,888 3,316
Total current assets 452,495 476,849
Property and equipment, net of accumulated depreciation of $43,148 and $35,275 247,752 158,991
Operating lease right-of-use assets 27,813 26,984
Goodwill 108,385 83,460
Intangible assets, net 76,166 81,665
Other assets 2,932 2,769
Total assets 915,543 830,718
Current liabilities    
Accounts payable 16,357 10,843
Accrued expenses and other current liabilities 29,580 27,875
Dividends payable 1,210 1,210
Floor plan notes payable, net of debt discount 334,218 348,735
Income tax payable 5 0
Financing liability, current portion 2,379 2,281
Long-term debt, current portion 1,106 3,607
Operating lease liability, current portion 5,455 5,074
Total current liabilities 390,310 399,625
Long-term liabilities    
Financing liability, non-current portion, net of debt discount 92,073 89,770
Revolving line of credit 45,000 0
Long term debt, non-current portion, net of debt discount 28,513 10,131
Operating lease liability, non-current portion 23,404 22,755
Deferred income tax liability 15,420 15,536
Warrant liabilities 0 906
Total liabilities 594,720 538,723
Commitments and contingencies
Series A convertible preferred stock; 600,000 shares, designated, issued, and outstanding and 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; 17,440,259 and 14,515,253 shares issued and 14,028,037 and 11,112,464 shares outstanding 0 0
Additional paid-in capital 162,067 130,828
Treasury stock, at cost, 3,412,222 and 3,402,789 shares (57,128) (57,019)
Retained earnings 160,901 163,203
Total stockholders’ equity 265,840 237,012
Total liabilities and stockholders’ equity $ 915,543 $ 830,718