v3.25.2
Summary of Significant Accounting Policies (Tables)
 3 Months Ended
Jul. 31, 2025
Accounting Policies [Abstract]  
Summary of Restricted Cash
Restricted cash consisted of the following at July 31, 2025 and April 30, 2025:
(In thousands)July 31, 2025April 30, 2025
Restricted cash from collections on auto finance receivables for non-recourse notes payable$48,616 $48,571 
Restricted cash on deposit in reserve accounts for non-recourse notes payable 63,145 66,158 
Restricted Cash$111,761 $114,729 
Summary of Property and Equipment, Estimated Useful Lives Depreciation is computed principally using the straight-line method generally over the following estimated useful lives:
Furniture, fixtures and equipment
3 to 7 years
Leasehold improvements
5 to 15 years
Buildings and improvements
18 to 39 years
Summary of Sales by Product and Service
Sales for the three months ended July 31, 2025 and 2024 consisted of the following:
Three Months Ended
July 31,
(In thousands)20252024
Sales – used autos$234,985 $251,305 
Wholesales – third party10,794 9,696 
Service contract sales21,793 17,072 
Accident protection plan revenue8,668 9,175 
Total$276,240 $287,248