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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE LOSS (UNAUDITED) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2024
Mar. 31, 2023
Revenues    
Revenues $ 270,586 $ 295,656
Cost applicable to revenues    
Cost applicable to revenues 232,820 231,765
Gross profit 37,766 63,891
Depreciation and amortization 5,461 4,403
Selling, general, and administrative expenses 48,886 53,532
(Loss) income from operations (16,581) 5,956
Other income (expense):    
Floor plan interest expense (7,676) (5,531)
Other interest expense (4,523) (1,700)
Change in fair value of warrant liabilities 0 856
Total other expense, net (12,199) (6,375)
Loss before income taxes (28,780) (419)
Income tax benefit 6,800 143
Net loss (21,980) (276)
Dividends on Series A Convertible Preferred Stock (1,984) (1,184)
Net loss attributable to common stock and participating securities, basic (23,964) (1,460)
Net loss attributable to common stock and participating securities, diluted (23,964) (1,460)
Comprehensive loss attributable to common stock and participating securities $ (23,964) $ (1,460)
Loss per share:    
Basic (in dollars per share) $ (1.67) $ (0.12)
Diluted (in dollars per share) $ (1.67) $ (0.17)
Weighted average shares outstanding:    
Basic (in shares) 14,368,677 11,988,899
Diluted (in shares) 14,368,677 11,988,899
New vehicle retail    
Revenues    
Revenues $ 152,691 $ 176,747
Cost applicable to revenues    
Cost applicable to revenues 147,055 153,331
Pre-owned vehicle retail    
Revenues    
Revenues 79,576 84,775
Cost applicable to revenues    
Cost applicable to revenues 70,199 67,528
Vehicle wholesale    
Revenues    
Revenues 6,249 1,708
Cost applicable to revenues    
Cost applicable to revenues 8,460 1,721
Finance and insurance    
Revenues    
Revenues 18,329 16,881
Cost applicable to revenues    
Cost applicable to revenues 693 693
Service, body and parts and other    
Revenues    
Revenues 13,741 15,545
Cost applicable to revenues    
Cost applicable to revenues 6,287 7,181
LIFO    
Cost applicable to revenues    
Cost applicable to revenues $ 126 $ 1,311