Segment Information - Summary of Reportable Operating Segment (Details) |
3 Months Ended | 6 Months Ended | ||||||
---|---|---|---|---|---|---|---|---|
Jun. 30, 2020
USD ($)
retail_Units
|
Mar. 31, 2020
USD ($)
|
Jun. 30, 2019
USD ($)
retail_Units
|
Mar. 31, 2019
USD ($)
|
Jun. 30, 2020
USD ($)
retail_Units
|
Jun. 30, 2019
USD ($)
retail_Units
|
Dec. 31, 2019
USD ($)
|
Dec. 31, 2018
USD ($)
|
|
Revenues: | ||||||||
Total consolidated revenues | $ 2,111,886,000 | $ 2,614,081,000 | $ 4,419,942,000 | $ 5,003,219,000 | ||||
Segment income (loss): | ||||||||
Segment income (loss) | 53,544,000 | 62,973,000 | (168,331,000) | 150,288,000 | ||||
Interest expense, other, net | (9,797,000) | (13,628,000) | (20,762,000) | (26,481,000) | ||||
Other income (expense), net | 0 | (5,000) | 100,000 | 95,000 | ||||
Income (loss) from continuing operations before taxes | 37,433,000 | 36,822,000 | (205,815,000) | 98,158,000 | ||||
Executive transition costs | 6,300,000 | |||||||
Impairment charges | $ (833,000) | $ 800,000 | $ 0 | $ (268,833,000) | $ (1,952,000) | |||
Impairment of Long-Lived Assets to be Disposed of | $ 2,000,000.0 | |||||||
Retail Units | retail_Units | 57,071 | 69,654 | 118,819 | 133,314 | ||||
Depreciation, Depletion and Amortization | $ 22,647,000 | $ 23,806,000 | $ 44,944,000 | $ 46,456,000 | ||||
FloorPlanInterestExpense | 6,314,000 | 12,518,000 | 16,822,000 | 25,744,000 | ||||
Interest Expense, Other | 9,797,000 | 13,628,000 | 20,762,000 | 26,481,000 | ||||
Payments to Acquire Property, Plant, and Equipment | 41,928,000 | 20,614,000 | 61,733,000 | 51,234,000 | ||||
Cash and cash equivalents | 115,724,000 | 2,140,000 | 115,724,000 | 2,140,000 | $ 29,103,000 | $ 5,854,000 | ||
Assets | 3,595,425,000 | 3,595,425,000 | 4,071,035,000 | |||||
Gain on Franchise Disposal | 46,700,000 | |||||||
Executive transition costs | 6,300,000 | |||||||
Franchised Dealerships Segment | ||||||||
Revenues: | ||||||||
Total consolidated revenues | 1,796,610,000 | 2,322,408,000 | 3,772,955,000 | 4,461,971,000 | ||||
Segment income (loss): | ||||||||
Interest expense, other, net | (9,557,000) | (13,192,000) | (20,156,000) | (25,606,000) | ||||
Impairment charges | $ (800,000) | $ 0 | $ 268,000,000.0 | $ (26,000) | ||||
Retail Units | retail_Units | 43,864 | 57,067 | 91,626 | 109,676 | ||||
Depreciation, Depletion and Amortization | $ 19,895,000 | $ 21,144,000 | $ 39,484,000 | $ 41,381,000 | ||||
FloorPlanInterestExpense | 5,675,000 | 11,597,000 | 15,283,000 | 24,102,000 | ||||
Interest Expense, Other | 9,557,000 | 13,192,000 | 20,156,000 | 25,606,000 | ||||
Payments to Acquire Property, Plant, and Equipment | 35,388,000 | 16,449,000 | 52,637,000 | 41,678,000 | ||||
Assets | 3,072,380,000 | 3,072,380,000 | 3,797,878,000 | |||||
EchoPark Segment | ||||||||
Revenues: | ||||||||
Total consolidated revenues | 315,276,000 | 291,673,000 | 646,987,000 | 541,248,000 | ||||
Segment income (loss): | ||||||||
Interest expense, other, net | (240,000) | (436,000) | (606,000) | (875,000) | ||||
Impairment charges | $ 0 | 0 | $ 0 | $ (1,926,000) | ||||
Impairment of Long-Lived Assets to be Disposed of | $ 1,900,000 | |||||||
Retail Units | retail_Units | 13,207 | 12,587 | 27,193 | 23,638 | ||||
Depreciation, Depletion and Amortization | $ 2,752,000 | $ 2,662,000 | $ 5,460,000 | $ 5,075,000 | ||||
FloorPlanInterestExpense | 639,000 | 921,000 | 1,539,000 | 1,642,000 | ||||
Interest Expense, Other | 240,000 | 436,000 | 606,000 | 875,000 | ||||
Payments to Acquire Property, Plant, and Equipment | 6,540,000 | 4,165,000 | 9,096,000 | 9,556,000 | ||||
Assets | 407,321,000 | 407,321,000 | $ 244,054,000 | |||||
Operating segments | ||||||||
Segment income (loss): | ||||||||
Segment income (loss) | 38,266,000 | 36,822,000 | 63,018,000 | 100,110,000 | ||||
Operating segments | Franchised Dealerships Segment | ||||||||
Segment income (loss): | ||||||||
Segment income (loss) | 35,689,000 | 35,129,000 | 58,346,000 | 96,310,000 | ||||
Operating segments | EchoPark Segment | ||||||||
Segment income (loss): | ||||||||
Segment income (loss) | 2,577,000 | 1,693,000 | 4,672,000 | 3,800,000 | ||||
Reconciling items | ||||||||
Segment income (loss): | ||||||||
Interest expense, other, net | (268,833,000) | (1,952,000) | ||||||
Other income (expense), net | 37,433,000 | 36,822,000 | (205,815,000) | 98,158,000 | ||||
Impairment charges | 833,000 | $ 0 | ||||||
Interest Expense, Other | 268,833,000 | 1,952,000 | ||||||
New vehicles | ||||||||
Revenues: | ||||||||
Total consolidated revenues | 900,003,000 | 1,204,754,000 | 1,859,492,000 | 2,271,088,000 | ||||
New vehicles | Franchised Dealerships Segment | ||||||||
Revenues: | ||||||||
Total consolidated revenues | 900,003,000 | 1,204,754,000 | 1,859,492,000 | 2,271,088,000 | ||||
Used vehicles | ||||||||
Revenues: | ||||||||
Total consolidated revenues | 808,877,000 | 885,627,000 | 1,658,930,000 | 1,705,992,000 | ||||
Used vehicles | Franchised Dealerships Segment | ||||||||
Revenues: | ||||||||
Total consolidated revenues | 535,699,000 | 637,090,000 | 1,102,587,000 | 1,241,039,000 | ||||
Used vehicles | EchoPark Segment | ||||||||
Revenues: | ||||||||
Total consolidated revenues | 273,178,000 | 248,537,000 | 556,343,000 | 464,953,000 | ||||
Wholesale vehicles | ||||||||
Revenues: | ||||||||
Total consolidated revenues | 33,175,000 | 50,039,000 | 81,718,000 | 104,810,000 | ||||
Wholesale vehicles | Franchised Dealerships Segment | ||||||||
Revenues: | ||||||||
Total consolidated revenues | 28,509,000 | 43,720,000 | 70,948,000 | 96,253,000 | ||||
Wholesale vehicles | EchoPark Segment | ||||||||
Revenues: | ||||||||
Total consolidated revenues | 4,666,000 | 6,319,000 | 10,770,000 | 8,557,000 | ||||
Parts, service and collision repair | ||||||||
Revenues: | ||||||||
Total consolidated revenues | 259,058,000 | 355,312,000 | 593,738,000 | 696,742,000 | ||||
Parts, service and collision repair | Franchised Dealerships Segment | ||||||||
Revenues: | ||||||||
Total consolidated revenues | 251,998,000 | 347,337,000 | 576,499,000 | 683,563,000 | ||||
Parts, service and collision repair | EchoPark Segment | ||||||||
Revenues: | ||||||||
Total consolidated revenues | 7,060,000 | 7,975,000 | 17,239,000 | 13,179,000 | ||||
Finance, insurance and other, net | ||||||||
Revenues: | ||||||||
Total consolidated revenues | 110,773,000 | 118,349,000 | 226,064,000 | 224,587,000 | ||||
Finance, insurance and other, net | Franchised Dealerships Segment | ||||||||
Revenues: | ||||||||
Total consolidated revenues | 80,401,000 | 89,507,000 | 163,429,000 | 170,028,000 | ||||
Finance, insurance and other, net | EchoPark Segment | ||||||||
Revenues: | ||||||||
Total consolidated revenues | $ 30,372,000 | $ 28,842,000 | $ 62,635,000 | $ 54,559,000 |