CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE LOSS (UNAUDITED) - USD ($) $ in Thousands |
3 Months Ended | 9 Months Ended | ||||
|---|---|---|---|---|---|---|
Sep. 30, 2025 |
Sep. 30, 2024 |
Sep. 30, 2025 |
Sep. 30, 2024 |
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| Revenue | ||||||
| Revenue | $ 101,434 | $ 205,961 | $ 398,546 | $ 711,683 | ||
| Cost applicable to revenue | ||||||
| Cost applicable to revenue | 81,858 | 160,648 | 300,939 | 581,200 | ||
| Gross profit | 19,576 | 45,313 | 97,607 | 130,483 | ||
| Depreciation and amortization | 3,898 | 5,170 | 11,880 | 15,587 | ||
| Selling, general, and administrative expenses | 31,000 | 45,802 | 105,455 | 146,698 | ||
| Impairment charges | 63,915 | 0 | 74,491 | 0 | ||
| Loss from operations | (79,237) | (5,659) | (94,219) | (31,802) | ||
| Other income (expense): | ||||||
| Floor plan interest expense | (3,084) | (6,361) | (10,943) | (19,745) | ||
| Other interest expense | (2,725) | (5,564) | (16,292) | (15,924) | ||
| Change in fair value of warrant liabilities | 846 | (462) | 5,535 | (799) | ||
| Gain (loss) on sale of businesses, property and equipment | 813 | 0 | (1,598) | 1,044 | ||
| Total other expense, net | (4,150) | (12,387) | (23,298) | (35,424) | ||
| Loss before income taxes | (83,387) | (18,046) | (117,517) | (67,226) | ||
| Income tax benefit (expense) | 1,006 | 381 | 1,014 | (16,640) | ||
| Net loss | (82,381) | (17,665) | (116,503) | (83,866) | ||
| Dividends on Series A convertible preferred stock | 0 | (2,159) | 0 | (6,174) | ||
| Net loss and comprehensive loss attributable to common stock and participating securities | $ (82,381) | $ (19,824) | $ (116,503) | $ (90,040) | ||
| Loss per share | ||||||
| Basic (in dollars per share) | [1] | $ (21.99) | $ (41.19) | $ (31.47) | $ (187.34) | |
| Diluted (in dollars per share) | [1] | $ (21.99) | $ (41.19) | $ (31.47) | $ (187.34) | |
| Weighted average shares used for EPS calculations | ||||||
| Basic (in shares) | [1] | 3,745,484 | 481,329 | 3,702,605 | 480,623 | |
| Diluted (in shares) | [1] | 3,745,484 | 481,329 | 3,702,605 | 480,623 | |
| New vehicle retail | ||||||
| Revenue | ||||||
| Revenue | $ 60,150 | $ 122,291 | $ 235,132 | $ 418,315 | ||
| Cost applicable to revenue | ||||||
| Cost applicable to revenue | 54,346 | 111,032 | 209,978 | 388,225 | ||
| Pre-owned vehicle retail | ||||||
| Revenue | ||||||
| Revenue | 23,113 | 51,339 | 93,247 | 187,621 | ||
| Cost applicable to revenue | ||||||
| Cost applicable to revenue | 18,216 | 41,716 | 73,692 | 157,803 | ||
| Vehicle wholesale | ||||||
| Revenue | ||||||
| Revenue | 478 | 1,801 | 3,404 | 11,318 | ||
| Cost applicable to revenue | ||||||
| Cost applicable to revenue | 729 | 1,964 | 3,762 | 14,021 | ||
| Consignment vehicle | ||||||
| Revenue | ||||||
| Revenue | 861 | 1,334 | 4,428 | 1,978 | ||
| Finance and insurance | ||||||
| Revenue | ||||||
| Revenue | 8,373 | 16,333 | 30,450 | 50,703 | ||
| Cost applicable to revenue | ||||||
| Cost applicable to revenue | 212 | 544 | 990 | 1,881 | ||
| Service, body and parts and other | ||||||
| Revenue | ||||||
| Revenue | 8,459 | 12,863 | 31,885 | 41,748 | ||
| Cost applicable to revenue | ||||||
| Cost applicable to revenue | 4,065 | 5,742 | 14,680 | 19,179 | ||
| LIFO | ||||||
| Cost applicable to revenue | ||||||
| Cost applicable to revenue | $ 4,290 | $ (350) | $ (2,163) | $ 91 | ||
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| X | ||||||||||
- Definition Amount of write-down of assets recognized in the income statement. Includes, but is not limited to, losses from tangible assets, intangible assets and goodwill. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition The aggregate cost of goods produced and sold and services rendered during the reporting period. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- References No definition available.
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- Definition The aggregate expense recognized in the current period that allocates the cost of tangible assets, intangible assets, or depleting assets to periods that benefit from use of the assets. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- References No definition available.
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- Definition The amount of net income (loss) for the period per each share of common stock or unit outstanding during the reporting period. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition The amount of net income (loss) for the period available to each share of common stock or common unit outstanding during the reporting period and to each share or unit that would have been outstanding assuming the issuance of common shares or units for all dilutive potential common shares or units outstanding during the reporting period. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Amount of expense (income) related to adjustment to fair value of warrant liability. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Amount of gain (loss) on sale or disposal of property, plant and equipment assets, including oil and gas property and timber property. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Aggregate revenue less cost of goods and services sold or operating expenses directly attributable to the revenue generation activity. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Amount of income (loss) from continuing operations, including income (loss) from equity method investments, before deduction of income tax expense (benefit), and income (loss) attributable to noncontrolling interest. Reference 1: http://www.xbrl.org/2003/role/exampleRef
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- Definition Amount of current income tax expense (benefit) and deferred income tax expense (benefit) pertaining to continuing operations. Reference 1: http://www.xbrl.org/2003/role/exampleRef
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- Definition Amount of the cost of borrowed funds accounted for as interest expense for debt. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Amount of interest expense classified as other. No definition available.
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| X | ||||||||||
- Definition The portion of profit or loss for the period, net of income taxes, which is attributable to the parent. Reference 1: http://www.xbrl.org/2003/role/exampleRef
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- Definition Amount, after deduction of tax, noncontrolling interests, dividends on preferred stock and participating securities; of income (loss) available to common shareholders. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition The aggregate amount of income or expense from ancillary business-related activities (that is to say, excluding major activities considered part of the normal operations of the business). Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- References No definition available.
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| X | ||||||||||
- Definition The net result for the period of deducting operating expenses from operating revenues. Reference 1: http://www.xbrl.org/2003/role/exampleRef
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- Definition The amount of preferred stock dividends that is an adjustment to net income apportioned to common stockholders. No definition available.
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- Definition Amount, excluding tax collected from customer, of revenue from satisfaction of performance obligation by transferring promised good or service to customer. Tax collected from customer is tax assessed by governmental authority that is both imposed on and concurrent with specific revenue-producing transaction, including, but not limited to, sales, use, value added and excise. Reference 1: http://www.xbrl.org/2003/role/exampleRef
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- References No definition available.
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- Definition The aggregate total costs related to selling a firm's product and services, as well as all other general and administrative expenses. Direct selling expenses (for example, credit, warranty, and advertising) are expenses that can be directly linked to the sale of specific products. Indirect selling expenses are expenses that cannot be directly linked to the sale of specific products, for example telephone expenses, Internet, and postal charges. General and administrative expenses include salaries of non-sales personnel, rent, utilities, communication, etc. Reference 1: http://www.xbrl.org/2003/role/exampleRef
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- Definition The average number of shares or units issued and outstanding that are used in calculating diluted EPS or earnings per unit (EPU), determined based on the timing of issuance of shares or units in the period. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- References No definition available.
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| X | ||||||||||
- Definition Number of [basic] shares or units, after adjustment for contingently issuable shares or units and other shares or units not deemed outstanding, determined by relating the portion of time within a reporting period that common shares or units have been outstanding to the total time in that period. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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