XML 13 R2.htm IDEA: XBRL DOCUMENT v3.26.1
CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Jun. 30, 2026
Sep. 30, 2025
CURRENT ASSETS:    
Cash $ 68,705 $ 52,166
Restricted cash 10,187 12,654
Accounts receivable, net 64,492 60,885
Inventories 485,527 539,793
Prepaid expenses and other current assets 46,192 53,715
Total current assets 675,103 719,213
Property and equipment, net 58,214 91,576
Operating lease right-of-use assets 115,592 128,988
Financing lease right-of-use assets 988 0
Other long-term assets 3,577 2,309
Deferred tax assets, net 69,651 72,587
Intangible assets, net 121,932 130,198
Goodwill 258,954 258,954
Total assets 1,304,011 1,403,825
CURRENT LIABILITIES:    
Accounts payable 37,061 43,758
Other payables and accrued expenses 35,900 41,429
Customer deposits 32,559 29,280
Notes payable – floor plan 404,659 419,682
Current portion of operating lease liabilities 16,757 16,615
Current portion of financing lease liabilities 101 0
Current portion of long-term debt, net 23,920 77,895
Current portion of tax receivable agreement liability 2,637 2,637
Total current liabilities 553,594 631,296
Other long-term liabilities 1,050 2,544
Tax receivable agreement liability 34,858 34,858
Long-term operating lease liabilities 103,381 115,977
Long-term financing lease liabilities 851 0
Long-term debt, net 324,226 334,197
Total liabilities 1,017,960 1,118,872
Commitments and Contingencies
STOCKHOLDERS’ EQUITY    
Preferred stock, $0.01 par value, 1,000,000 shares authorized, none issued and outstanding as of June 30, 2026 and September 30, 2025 0 0
Additional paid-in capital 248,291 240,478
Retained earnings 36,015 44,954
Accumulated other comprehensive income (loss) 1,579 (643)
Total stockholders’ equity 286,051 284,953
Total liabilities and stockholders’ equity 1,304,011 1,403,825
Class A Common Stock    
STOCKHOLDERS’ EQUITY    
Common stock value $ 166 $ 164
Common stock, shares authorized (in shares) 40,000,000 40,000,000
Common stock, par or stated value per share (in usd per shares) $ 0.01 $ 0.01
Common stock, shares, issued (in shares) 16,619,658 16,373,991
Common stock, shares, outstanding (in shares) 16,619,658 16,373,991
Class B Common Stock    
STOCKHOLDERS’ EQUITY    
Common stock value $ 0 $ 0
Common stock, shares authorized (in shares) 10,000,000 10,000,000
Common stock, par or stated value per share (in usd per shares) $ 0.01 $ 0.01
Common stock, shares, issued (in shares) 0 0
Common stock, shares, outstanding (in shares) 0 0