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Investor Presentaiton

30 30 DEMONSTRATED ABILITY TO EFFICIENTLY SCALE NEW HUBS Real Estate Attractive buyer's market with non-competitive sites available On-site reconditioning Sign-to-open in ~120 days with $750k initial investment People Begin sourcing talent at time of property search Dollars to open <$250k San Antonio (actual) Days to open 108 Dollars to open New hubs (target) Days to open 120 San Antonio (actual) Lease GM Team Signed Hired Hired -108 -60 -14 GM hired 60 days out (average 16.5 years industry experience) Full team hired 14 days out Road Warriorz team arrives 30 days pre-open and guides the hub opening Remote support for ~6 months New hubs (target) -120 -90 -60 -30 0 Market Lease GM Team Hub Identified Signed Hired Hired Opening Inventory $750k 29% 23% 43% 41% 29% 23% 71% 66% 63% 61% 55% 86% Planned ramp, begins with owned inventory 71% 77% 57% 59% 71% 77% Disciplined transition to non-competitively sourced inventory beginning ~30 days 29% 34% 38% 39% 45% 14% Month 1 Month 2 Month 3 Month 4 Month 5 Month 6 High visibility on inventory given location near supply sources San Antonio (actual) Owned Non-Competitively Sourced New hubs (target) Owned Non-Competitively Sourced carlotz

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