Financial Performance - Revenue for Q1 2025 was $44.8 million, a 9% year-over-year increase compared to $41.1 million in Q1 2024[7] - Non-GAAP expenses for Q1 2025 were $48.6 million, a 21% year-over-year increase compared to $40.1 million in Q1 2024[7] - Adjusted EBITDA for Q1 2025 was -$3.8 million, compared to $0.9 million in Q1 2024, with margin decreasing from 2% to -8%[7] Traffic and Units - Traffic in Q1 2025 was 5.8 million average monthly unique visitors, a 24% year-over-year decrease from 7.7 million in Q1 2024[9] - Total units in Q1 2025 were 86,000, a 9% year-over-year increase from 79,000 in Q1 2024[9] - Dealer count decreased by 1% year-over-year, from 11,388 in Q1 2024 to 11,272 in Q1 2025[9] Dealer Metrics - Franchise dealer count in Q1 2025 was 8,336, a 2% year-over-year increase[9, 19] - Independent dealer count in Q1 2025 was 2,936, an 8% year-over-year decrease[9, 23] Revenue Breakdown - Net Franchise Revenue for Q1 2025 was $28.5 million[14] - Net Independent Revenue for Q1 2025 was $6.0 million[14]