v3.26.1
INTERIM FINANCIAL STATEMENTS
6 Months Ended
Jun. 30, 2026
Organization, Consolidation and Presentation of Financial Statements [Abstract]  
INTERIM FINANCIAL STATEMENTS INTERIM FINANCIAL STATEMENTS
 
Basis of Presentation
These Consolidated Financial Statements contain unaudited information as of June 30, 2026, and for the three and
six months ended June 30, 2026 and 2025. The unaudited interim financial statements have been prepared
pursuant to the rules and regulations for reporting on Form 10-Q. Accordingly, certain disclosures required by
accounting principles generally accepted in the United States of America for annual financial statements are not
included herein. In management’s opinion, these unaudited financial statements reflect all adjustments (which
include only normal recurring adjustments) necessary for a fair presentation of the information when read in
conjunction with our 2025 audited Consolidated Financial Statements and the related notes thereto. The financial
information as of December 31, 2025, is derived from our Annual Report on Form 10-K filed with the SEC on
February 25, 2026. The results of operations for the interim periods presented are not necessarily indicative of the
results to be expected for the full year.
Reclassifications
Certain reclassifications of amounts previously reported have been made to the accompanying Consolidated
Financial Statements to maintain consistency and comparability between periods presented. Within our
Consolidated Statements of Operations, we combined used wholesale revenue with used retail revenue and now
present these revenues collectively as used vehicle revenue. In addition, we combined fleet revenue with new retail
revenue and now present these revenues collectively as new vehicle revenue.
These changes were made to better reflect how management evaluates our revenue performance and to improve
comparability with industry practice. The reclassifications had no impact on total revenue, gross profit, operating
income, net income, or cash flows for any period presented.