Segment Information (Tables)

12 Months Ended

Dec. 31, 2024

Segment Information [Abstract]

Schedule of Reportable Segments and Corporate Activities

Information about the Company’s reportable segments and corporate activities are as follows (in thousands):

		Year Ended December 31,
		2024															2023
		UACC				CarStory			Corporate				Total				UACC				CarStory			Corporate				Total
Interest income		$	203,962			$	—		$	(2,129	)		$	201,833			$	180,970			$	—		$	(2,488	)		$	178,482

Interest expense:
Warehouse credit facility			29,276				—			—				29,276				19,914				—			—				19,914
Securitization debt			30,084				—			—				30,084				21,979				—			—				21,979
Total interest expense			59,360				—			—				59,360				41,893				—			—				41,893
Net interest income			144,602				—			(2,129	)			142,473				139,077				—			(2,488	)			136,589

Realized and unrealized losses, net of recoveries			98,629				—			21,239				119,868				92,372				—			30,169				122,541
Net interest income after losses and recoveries			45,973				—			(23,368	)			22,605				46,705				—			(32,657	)			14,048

Noninterest (loss) income:
Servicing income			6,501				—			—				6,501				10,041				—			—				10,041
Warranties and GAP income (loss), net			7,789				—			(10,399	)			(2,610	)			7,871				—			(2,158	)			5,713
CarStory revenue			—				11,610			—				11,610				—				12,384			—				12,384
Gain on debt extinguishment			—				—			—				—				—				—			37,878				37,878
Other income			8,334				692			1,824				10,850				3,209				444			5,457				9,110
Total noninterest (loss) income			22,624				12,302			(8,575	)			26,351				21,121				12,828			41,177				75,126

Expenses:
Compensation and benefits			76,374				10,293			10,626				97,293				67,807				8,953			9,940				86,700
Professional fees			3,506				152			8,377				12,035				5,395				341			8,816				14,552
Software and IT costs			10,397				215			4,471				15,083				10,116				197			9,288				19,601
Depreciation and amortization			22,683				6,403			—				29,086				22,685				6,428			—				29,113
Interest expense on corporate debt			2,396				—			3,430				5,826				1,680				—			4,296				5,976
Impairment charges			5,159				—			—				5,159				—				—			—				—
Other expenses			9,457				414			6,422				16,294				7,809				584			9,295				17,687
Total expenses			129,972				17,477			33,326				180,776				115,492				16,503			41,635				173,629

Adjusted EBITDA		$	(29,808	)		$	912										$	(23,185	)		$	3,399

Schedule of Consolidated Loss from Continuing Operations Before Provision for Income Taxes

The reconciliation between reportable segment Adjusted EBITDA to consolidated loss from continuing operations before provision for income taxes is as follows (in thousands):

		Year Ended December 31,
		2024				2023
Adjusted EBITDA by Segment
UACC		$	(29,808	)		$	(23,185	)
CarStory			912				3,399
Total		$	(28,896	)		$	(19,786	)

Interest expense on corporate debt			(2,396	)			(1,680	)
Interest income on cash and cash equivalents			2,864				2,481
Depreciation and amortization			(29,086	)			(29,113	)
Stock compensation expense			(3,077	)			(3,243	)
Severance			(800	)			—
Impairment charges			(5,159	)			—
Corporate loss from continuing operations before reorganization items and provision for income taxes			(65,270	)			(33,114	)
Loss from continuing operations before reorganization items and provision for income taxes		$	(131,820	)		$	(84,455	)