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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Dec. 31, 2023
Dec. 31, 2022
Current assets    
Cash $ 58,085 $ 61,687
Receivables, net of allowance for doubtful accounts of $479 and $476 22,694 25,053
Inventories 456,087 378,881
Income tax receivable 7,419 7,912
Prepaid expenses and other 2,614 3,316
Total current assets 546,899 476,849
Property and equipment, net of accumulated depreciation of $46,098 and $35,275 265,726 158,991
Operating lease right-of-use assets 26,377 26,984
Goodwill 0 83,460
Intangible assets, net 80,546 81,665
Other assets 2,750 2,769
Deferred income tax asset 15,444 0
Total assets 937,742 830,718
Current liabilities    
Accounts payable 15,144 10,843
Accrued expenses and other current liabilities 29,160 27,875
Dividends payable 0 1,210
Income tax payable 3 0
Floor plan notes payable, net of debt discount 446,783 348,735
Financing liability, current portion 2,473 2,281
Long-term debt, current portion 1,141 3,607
Operating lease liability, current portion 5,276 5,074
Total current liabilities 499,980 399,625
Long-term liabilities    
Financing liability, non-current portion, net of debt discount 91,401 89,770
Revolving line of credit 49,500 0
Long term debt, non-current portion, net of debt discount 61,429 10,131
Operating lease liability, non-current portion 22,242 22,755
Deferred income tax liability 0 15,536
Warrant liabilities 0 906
Total liabilities 724,552 538,723
Commitments and contingencies
Series A convertible preferred stock; 600,000 shares, designated, issued, and outstanding and liquidation preference of $60,000 as of December 31, 2023 and December 31, 2022. 56,193 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; 17,477,019 and 14,515,253 shares issued and 14,064,797 and 11,112,464 shares outstanding as of December 31, 2023 and December 31, 2022, respectively. 0 0
Additional paid-in capital 165,988 130,828
Treasury stock, at cost, 3,412,222 and 3,402,789 shares as of December 31, 2023 and December 31, 2022, respectively. (57,128) (57,019)
Retained earnings 48,137 163,203
Total stockholders’ equity 156,997 237,012
Total liabilities and stockholders’ equity $ 937,742 $ 830,718