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CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME (LOSS) - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Revenue    
Revenue $ 1,082,747 $ 1,326,961
Cost applicable to revenue    
Cost applicable to revenue 854,005 998,270
Gross Profit 228,742 328,691
Depreciation and amortization 18,512 16,758
Selling, general, and administrative expenses 198,962 222,218
Goodwill impairment 117,970 0
(Loss) income from operations (106,702) 89,715
Other income (expense)    
Floor plan interest expense (24,820) (8,596)
Other interest expense (10,062) (7,996)
Change in fair value of warrant liabilities 856 12,453
Total other expense, net (34,026) (4,139)
(Loss) income before income tax expense (140,728) 85,576
Income tax benefit (expense) 30,462 (19,183)
Net (loss) income (110,266) 66,393
Dividends on Series A convertible preferred stock (4,800) (4,801)
Net income (loss) attributable to common stock and participating securities, basic (115,066) 61,592
Net income (loss) attributable to common stock and participating securities, diluted (115,066) 61,592
Comprehensive income (loss) attributable to common stock and participating securities $ (115,066) $ 61,592
EPS:    
Basic (in dollars per share) $ (8.41) $ 3.47
Diluted (in dollars per share) $ (8.45) $ 2.42
Weighted average shares outstanding:    
Basic (in shares) 13,689,001 11,701,302
Diluted (in shares) 13,689,001 12,797,796
New vehicle retail    
Revenue    
Revenue $ 631,748 $ 777,807
Cost applicable to revenue    
Cost applicable to revenue 552,311 632,316
Pre-owned vehicle retail    
Revenue    
Revenue 323,258 394,582
Cost applicable to revenue    
Cost applicable to revenue 259,494 301,565
Vehicle wholesale    
Revenue    
Revenue 8,006 21,266
Cost applicable to revenue    
Cost applicable to revenue 8,178 21,620
Finance and insurance    
Revenue    
Revenue 62,139 75,482
Cost applicable to revenue    
Cost applicable to revenue 2,547 2,729
Service, body and parts and other    
Revenue    
Revenue 57,596 57,824
Cost applicable to revenue    
Cost applicable to revenue 27,723 27,657
LIFO    
Cost applicable to revenue    
Cost applicable to revenue $ 3,752 $ 12,383