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CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE LOSS - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Revenue    
Revenue $ 871,562 $ 1,082,747
Cost applicable to revenue    
Cost applicable to revenue 710,707 854,005
Gross profit 160,855 228,742
Depreciation and amortization 20,625 18,512
Selling, general, and administrative expenses 200,087 198,305
Impairment charges 39,093 118,599
Net loss from operations (98,950) (106,674)
Other income (expense):    
Floor plan interest expense (25,036) (24,820)
Other interest expense (21,878) (10,062)
Change in fair value of warrant liabilities (802) 856
Loss on sale of property and equipment (394) (28)
Total other expense, net (48,110) (34,054)
Loss before income taxes (147,060) (140,728)
Income tax (expense) benefit (16,652) 30,462
Net loss (163,712) (110,266)
Dividends on Series A convertible preferred stock (7,254) (4,800)
Net loss and comprehensive loss attributable to common stock and participating securities $ (170,966) $ (115,066)
Loss per share:    
Basic (in dollars per share) $ (8.12) $ (8.41)
Diluted (in dollars per share) $ (8.12) $ (8.45)
Weighted average shares outstanding:    
Basic (in shares) 20,713,356 13,689,001
Diluted (in shares) 20,713,356 13,689,001
New vehicle retail    
Revenue    
Revenue $ 513,014 $ 631,748
Cost applicable to revenue    
Cost applicable to revenue 472,315 552,311
Pre-owned vehicle retail    
Revenue    
Revenue 224,855 323,258
Cost applicable to revenue    
Cost applicable to revenue 191,070 259,494
Vehicle wholesale    
Revenue    
Revenue 13,127 8,006
Cost applicable to revenue    
Cost applicable to revenue 15,803 8,178
Consignment vehicle    
Revenue    
Revenue 3,293 0
Finance and insurance    
Revenue    
Revenue 63,394 62,139
Cost applicable to revenue    
Cost applicable to revenue 2,252 2,547
Service, body and parts and other    
Revenue    
Revenue 53,879 57,596
Cost applicable to revenue    
Cost applicable to revenue 25,411 27,723
LIFO    
Cost applicable to revenue    
Cost applicable to revenue $ 3,856 $ 3,752