v3.26.1
Segment Reporting
 3 Months Ended
Jul. 31, 2026
Segment Reporting [Abstract]  
Segment Reporting - Segment Reporting
The Company conducts its operations through a single reportable segment representing the consolidated entity selling and financing used vehicles. Management has determined the Company consists of a single operating and reportable segment. The chief operating decision maker (“CODM”), who is the Chief Executive Officer, manages the Company on a consolidated basis and utilizes sales, provision for credit losses, and net income (loss) as presented on the Condensed Consolidated Statements of Operations as the primary financial measures used in assessing the performance of the Company.
The CODM is provided with the following significant segment expenses within selling, general and administrative expenses on the Condensed Consolidated Statement of Operations. Other segment items within consolidated net income (loss) are all separately disclosed on the Condensed Consolidated Statement of Operations.

Three Months Ended July 31,
(Dollars in thousands)20262025Change
Compensation and benefits:
Compensation and benefits, excluding share-based compensation expense$25,784 $32,031 (19.5)%
Share-based compensation expense(190)1,157 (116.4)%
Total compensation and benefits$25,594 $33,188 (22.9)%
Store occupancy costs3,450 5,495 (37.2)%
Advertising costs328 1,344 (75.6)%
Other overhead costs (1)
22,179 11,381 94.9 %
Total selling, general and administrative expenses$51,551 $51,408 0.3 %
(1) Other overhead costs for the three months ended July 31, 2026 include approximately $9.6 million of legal, financial advisory and other professional fees incurred in connection with the Company’s capital restructuring efforts, including the Special Committee’s review of strategic and financing alternatives and the June 19, 2026 amendment to the Credit and Guaranty Agreement and related forbearance agreements. These fees were expensed as incurred. No comparable fees were incurred in the three months ended July 31, 2025. See Note B.