v3.26.1
Summary of Significant Accounting Policies (Tables)
 12 Months Ended
Apr. 30, 2026
Accounting Policies [Abstract]  
Summary of Restricted Cash
Restricted cash consists of the following at April 30, 2026 and 2025:
(In thousands)April 30, 2026April 30, 2025
Restricted cash from collections on auto finance receivables for non-recourse notes payable$38,385 $48,571 
Restricted cash on deposit in reserve accounts for non-recourse notes payable41,848 66,158 
Restricted cash for letters of credit4,451 — 
Restricted Cash$84,684 $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 consist of the following for the years ended April 30, 2026, 2025 and 2024:
Years Ended April 30,
(In thousands)202620252024
Sales – used autos$861,343 $987,346 $1,003,640 
Wholesales – third party46,874 40,070 52,463 
Service contract sales85,178 83,753 67,213 
Accident protection plan revenue34,418 35,039 37,482 
Total$1,027,813 $1,146,208 $1,160,798