Revenue Growth
Revenue increased by 2.3% year-over-year in Q1, driven by gains in new vehicle sales and the Collision segment.
Cost Savings Achievements
Achieved $48.1 million in annualized run rate cost savings in Q1, totaling $57.1 million since the ACX operating method launch.
Adjusted EBITDA Margin Improvement
Adjusted EBITDA margin expanded by 130 basis points due to early improvements in operating leverage and cost reduction initiatives.
Operational Efficiency
Normalized operating expenses before depreciation declined by $12.8 million, reflecting restructuring savings.
Floorplan Financing Cost Reduction
Improved floorplan financing costs due to tighter inventory management and favorable rate conditions.