Margin Expansion Plan
The Company has completed its assessment of margin expansion opportunities. In addition to its Buyer Digital Transformation, the Company has identified additional opportunities in pricing, towing optimization and branch operational efficiencies. The Company is targeting the following annual fiscal 2024 run-rate benefits from its margin expansion plan:
- Approximately $45 million - $50 million in revenue benefits.
- Approximately $104 million - $122 million in net Adjusted EBITDA benefits.
The margin expansion plan does not incorporate any potential impact from the COVID-19 situation, which we are unable to reasonably estimate at this time.