BUSINESS COMBINATIONS (Tables)

12 Months Ended

Dec. 31, 2023

Business Combination and Asset Acquisition [Abstract]

Schedule of Pro Forma Financial Information

Revenue and Income from operations contributed by the 2023 Acquisitions subsequent to the date of acquisition were as follows:

(In thousands)	Year ended December 31, 2023
Revenue	$	46,505
Loss from operations	(651)

The following unaudited pro forma financial information presents consolidated information as though the 2023 Acquisitions and the 2022 Acquisitions had been consummated on January 1, 2023 and January 1, 2022, respectively.

	Year Ended December 31,
(In thousands)	2023		2022
Revenue	$	112,056	$	1,427,197
(Loss) income before income taxes	2,880		89,165
Net (loss) income	2,811		69,893

Schedule of Consideration Paid and Preliminary Purchase Price Allocations

The following tables summarize the consideration paid and the preliminary purchase price allocation for identified assets acquired and liabilities assumed as of the acquisition dates:

	Year Ended December 31,
(In thousands)	2023		2022
Consideration paid in cash	$	97,727	$	14,694
Floor plan notes payable	—		8,069
Total Consideration	$	97,727	$	22,763

Schedule of Fair Value of Assets Acquired and Liabilities Assumed

	Year Ended December 31,
(In thousands)	2023		2022
Cash	$	2	$	5
Inventories	34,305		9,504
Accounts receivable and prepaid expenses	—		98
Prepaid expenses and other	372		—
Property and equipment	22,480		7,353
Goodwill	34,285		4,692
Intangible assets	6,449		1,140
Total assets acquired	97,893		22,792
Accounts payable	118		—
Accrued expenses and other current liabilities	49		29
Total liabilities assumed	167		29
Net assets acquired	$	97,726	$	22,763

Schedule of Identifiable Intangible Assets Acquired

The following table summarizes our allocation of the purchase price to the identifiable intangible assets acquired. The allocations are final for the 2023 Acquisitions and the 2022 Acquisitions.

	Gross Asset Amount at Acquisition Date				Weighted Average Amortization Period
(Dollars in thousands)	2023		2022		2023	2022
Customer Lists	$	—	$	240	—	15 years
Dealer Agreements	6,449		900		8 years	10 years