Segment Information

9 Months Ended

Jun. 30, 2024

Segment Reporting [Abstract]

Segment Information

Segment Information

As of June 30, 2024, we had two reportable segments: (1) Dealerships and (2) Distribution. See Note 2 for more information about our segments.

Reportable segment financial information as of and for the three and nine months ended June 30, 2024 and 2023 are as follows:

	As of and for the Three Months Ended June 30, 2024
($ in thousands)	Dealerships		Distribution		Eliminations		Total
Revenue	$	497,793	$	44,768	$	(120)	$	542,441
Income (loss) from operations	38,804		1,206		(11)		39,999
Depreciation and amortization	3,276		2,509		—		5,785
Transaction costs	233		9		—		242
Change in fair value of contingent consideration	214		—		—		214
Restructuring and impairment	—		—		—		—
Total assets	1,396,048		239,852		(20)		1,635,880

	As of and for the Three Months Ended June 30, 2023
($ in thousands)	Dealerships		Distribution		Eliminations		Total
Revenue	$	543,312	$	51,180	$	(153)	$	594,339
Income (loss) from operations	59,699		388		(7)		60,080
Depreciation and amortization	2,768		3,816		—		6,584
Transaction costs	9		88		—		97
Change in fair value of contingent consideration	390		46		—		436
Restructuring and impairment	—		—		—		—
Total assets	1,368,783		402,559		(25)		1,771,317

	As of and for the Nine Months Ended June 30, 2024
($ in thousands)	Dealerships		Distribution		Eliminations		Total
Revenue	$	1,279,609	$	115,415	$	(249)	$	1,394,775
Income (loss) from operations	60,691		(343)		(23)		60,325
Depreciation and amortization	9,244		7,011		—		16,255
Transaction costs	777		189		—		966
Change in fair value of contingent consideration	3,918		—		—		3,918
Restructuring and impairment	10,699		1,148		—		11,847
Total assets	1,396,048		239,852		(20)		1,635,880

	As of and for the Nine Months Ended June 30, 2023
($ in thousands)	Dealerships		Distribution		Eliminations		Total
Revenue	$	1,348,433	$	137,049	$	(153)	$	1,485,329
Income (loss) from operations	137,938		(2,425)		(7)		135,506
Depreciation and amortization	7,706		11,420		—		19,126
Transaction costs	1,432		236		—		1,668
Change in fair value of contingent consideration	474		289		—		763
Restructuring and impairment	—		—		—		—
Total assets	1,368,783		402,559		(25)		1,771,317