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Segment Reporting
12 Months Ended
Apr. 30, 2025
Segment Reporting [Abstract]  
Segment Reporting
O – 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 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 consolidated statement of operations. Other segment items within consolidated net income (loss) are all separately disclosed on the consolidated statement of operations.
Years Ended April 30,
(Dollars in thousands)2025
Change
2024
Change
2023
Compensation and benefits:
Compensation and benefits, excluding share-based compensation expense$115,173 0.8 %$114,266 0.1 %$114,183 
Share-based compensation expense4,708 12.84,174 (21.5)5,314 
Total compensation and benefits$119,881 1.2$118,440 (0.9)$119,497 
Store occupancy costs21,161 9.619,309 8.217,852 
Advertising costs
5,057 18.04,284 (25.6)5,759 
Other overhead costs
42,822 14.537,388 11.333,588 
Total selling, general and administrative expenses
$188,921 5.3$179,421 1.5$176,696