Discontinued Operations (Tables)

9 Months Ended

Sep. 30, 2024

Discontinued Operations and Disposal Groups [Abstract]

Schedule of Condensed Consolidated Operations and Balance Sheets from Discontinued Operations

The following table summarizes the major income and expense line items from discontinued operations as reported in the condensed consolidated statements of operations (in thousands):

	Three Months Ended September 30,						Nine Months Ended September 30,
	2024			2023			2024			2023
Revenue:
Retail vehicle, net	$	—			147,840		$	47,320		$	419,920
Wholesale vehicle		—			30,898			140,714			75,593
Product, net		—			4,225			1,635			12,199
Total revenue		—			182,963			189,669			507,712
Cost of sales:
Retail vehicle		—			144,655			43,673			414,917
Wholesale vehicle		—			32,393			142,343			81,019
Total cost of sales		—			177,048			186,016			495,936
Total gross profit		—			5,915			3,653			11,776
Selling, general and administrative expenses		1,000			48,609			39,602			160,924
Loss (gain) on disposal of long lived assets		924			—			(10,355	)		(81	)
Depreciation and amortization		—			3,712			383			10,125
Impairment charges		—			—			—			1,353
Loss from operations		(1,924	)		(46,406	)		(25,977	)		(160,545	)
Interest expense		—			4,944			1,607			14,178
Interest income		—			(3,505	)		(856	)		(9,350	)
Loss before provision for income taxes		(1,924	)		(47,845	)		(26,728	)		(165,373	)
Provision for income taxes		75			143			296			465
Net loss from discontinued operations	$	(1,999	)	$	(47,988	)	$	(27,024	)	$	(165,838	)

The following table summarizes the major classes of assets and liabilities from discontinued operations as reported in the condensed consolidated balance sheets:

	As of September 30,		As of December 31,
	2024		2023
ASSETS
Inventory	$	—	$	163,250
Property and equipment, net		2,864		19,150
Other assets		152		14,137
Assets from discontinued operations	$	3,016	$	196,537
LIABILITIES
Accounts payable	$	19	$	6,440
Accrued expenses		4,817		27,133
Vehicle floorplan		—		151,178
Deferred revenue		—		14,025
Operating lease liabilities		161		23,461
Other liabilities		—		5,883
Liabilities from discontinued operations	$	4,997	$	228,120