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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Dec. 31, 2020
Dec. 31, 2019
Current Assets:    
Cash and cash equivalents $ 1,056,213 $ 217,734
Restricted cash 33,826 1,853
Accounts receivable, net of allowance of $2,803 and $789, respectively 60,576 30,848
Inventory 423,647 205,746
Prepaid expenses and other current assets 23,617 9,149
Total current assets 1,597,879 465,330
Property and equipment, net 15,092 7,828
Goodwill 78,172 78,172
Operating lease right-of-use assets 17,137  
Other assets 15,776 12,057
Total assets 1,724,056 563,387
Current Liabilities:    
Accounts payable 32,925 18,987
Accrued expenses 59,405 38,491
Vehicle floorplan 329,231 173,461
Deferred revenue 24,822 17,323
Operating lease liabilities, current 6,052  
Other current liabilities 30,275 11,572
Total current liabilities 482,710 259,834
Operating lease liabilities, excluding current portion 12,093  
Other long-term liabilities 2,151 3,073
Total liabilities 496,954 262,907
Commitments and contingencies (Note 9)
Redeemable convertible preferred stock, $0.001 par value; 10,000,000 and 86,123,364 shares authorized as of December 31, 2020 and 2019, respectively; zero and 83,568,628 shares issued and outstanding as of December 31, 2020 and 2019, respectively   874,332
Stockholders’ equity (deficit):    
Common stock, $0.001 par value; 500,000,000 and 113,443,854 shares authorized as of December 31, 2020 and 2019, respectively; 134,043,969 and 8,650,922 shares issued and outstanding as of December 31, 2020 and 2019, respectively 132 8
Additional paid-in-capital 2,004,841  
Accumulated deficit (777,871) (573,860)
Total stockholders’ equity (deficit) 1,227,102 (573,852)
Total liabilities, redeemable convertible preferred stock and stockholders’ equity (deficit) $ 1,724,056 $ 563,387