Consumer BehaviorThe top web search result for 'oil change' is 'how to change oil,' suggesting people are looking to change their oil themselves rather than paying for the service.
Financial GuidanceThe revised guidance for FY25 shows a decrease in expected revenue and Adjusted EBITDA, reflecting the removal of the IMO business.
Valuation ConcernsThe implied valuation of the sale is below peers, with differences in consumer behavior, regulatory hurdles, and lower subscription penetration likely being the key drivers behind the discount.