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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE LOSS (UNAUDITED) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2025
Mar. 31, 2024
Revenue    
Revenue $ 165,815 $ 270,120
Cost applicable to revenue    
Cost applicable to revenue 121,973 232,354
Gross profit 43,842 37,766
Depreciation and amortization 4,582 5,461
Selling, general, and administrative expenses 38,629 48,886
Impairment charges 2,900 0
Loss from operations (2,269) (16,581)
Other income (expense):    
Floor plan interest expense (4,590) (7,676)
Other interest expense (6,169) (4,523)
Change in fair value of warrant liabilities 4,282 0
Loss on sale of businesses, property and equipment (459) 0
Total other expense, net (6,936) (12,199)
Loss before income taxes (9,205) (28,780)
Income tax (expense) benefit (328) 6,800
Net loss (9,533) (21,980)
Dividends on Series A convertible preferred stock 0 (1,984)
Net loss and comprehensive loss attributable to common stock and participating securities $ (9,533) $ (23,964)
Loss per share:    
Basic (in dollars per share) $ (0.09) $ (1.67)
Diluted (in dollars per share) $ (0.09) $ (1.67)
Weighted average shares used for EPS calculations:    
Basic (in shares) 110,300,452 14,368,677
Diluted (in shares) 110,300,452 14,368,677
New vehicle retail    
Revenue    
Revenue $ 97,519 $ 152,691
Cost applicable to revenue    
Cost applicable to revenue 86,672 147,055
Pre-owned vehicle retail    
Revenue    
Revenue 40,673 78,644
Cost applicable to revenue    
Cost applicable to revenue 31,994 69,733
Vehicle wholesale    
Revenue    
Revenue 2,056 6,249
Cost applicable to revenue    
Cost applicable to revenue 2,120 8,460
Consignment vehicle    
Revenue    
Revenue 1,489 466
Finance and insurance    
Revenue    
Revenue 11,502 18,329
Cost applicable to revenue    
Cost applicable to revenue 434 693
Service, body and parts and other    
Revenue    
Revenue 12,576 13,741
Cost applicable to revenue    
Cost applicable to revenue 5,698 6,287
LIFO    
Cost applicable to revenue    
Cost applicable to revenue $ (4,945) $ 126