v3.25.4
Consolidated Statements of Cash Flows - USD ($)
$ in Millions
 12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
CASH FLOWS FROM OPERATING ACTIVITIES    
Net loss $ (52.4) $ (78.6)
Adjustments to reconcile net loss to net cash from operating activities:    
Depreciation and amortization 9.0 14.3
Amortization of debt discount and issuance costs 8.8 9.2
Stock-based compensation expense 2.1 4.6
Loss (gain) on sale of assets (1.9) 0.5
Impairment of intangible assets 34.8 39.3
Deferred taxes 0.0 (0.4)
Interest paid-in-kind capitalized to debt principal 2.5 1.5
Gain on termination of leases (0.4) (0.9)
Changes in operating assets and liabilities, net of acquisitions:    
Accounts receivable 1.6 19.8
Inventory (16.8) 107.9
Prepaid expenses and other assets (1.6) 2.2
Other liabilities 5.0 3.1
Accounts payable and accrued liabilities 1.7 6.2
Floor plan trade note borrowings 23.5 (29.3)
Net cash provided by operating activities 15.9 99.4
CASH FLOWS FROM INVESTING ACTIVITIES    
Cash used for acquisitions, net of cash received 0.0 (0.7)
Technology development (0.2) (0.4)
Proceeds from sale of assets 3.1 4.0
Purchase of property and equipment (5.6) (2.0)
Net cash provided by (used in) investing activities (2.7) 0.9
CASH FLOWS FROM FINANCING ACTIVITIES    
Decrease in net borrowings from non-trade floor plans (15.0) (53.0)
Proceeds from issuance of debt 10.0 0.0
Repayments of debt (61.1) (36.0)
Net proceeds from sale of common stock in rights offerings 0.0 9.8
Other (0.9) (1.4)
Net cash used in financing activities (67.0) (80.6)
NET CHANGE IN CASH AND RESTRICTED CASH (53.8) 19.7
CASH AND RESTRICTED CASH AT BEGINNING OF PERIOD 96.7 77.0
CASH AND RESTRICTED CASH AT END OF PERIOD $ 42.9 $ 96.7