Risk Factors Update Summary
- Revenue shift from direct-to-consumer sales to subscription products in automotive industry. This change might result in increased revenue stability.
- Acquisition of D2C Media Inc. may increase exposure to risks in local consumer behavior and competition. This change could result in increased competitive pressures.
- Acquisition of AccuTrade added real-time data and logistics technology. This change might result in improved dealer transaction synergies and revenue growth.
- Transition to fully remote work model may impact financial results and operations. This change could result in uncertainty regarding long-term impact and benefits.
- Shift from manual to automated display advertising purchasing. This change might result in increased efficiency and effectiveness in advertising strategies.
- Increased use of generative AI for content creation may impact consumer perception. This change could result in changes in consumer engagement and trust.
- Transition to SOFR loans from LIBOR in credit facilities. This change might result in uncertain interest rate impacts and exposure to less favorable rates.
Full Text Changes in Most Recent 10-K
Intended use: review the highlighted statements. These are additions to the risk factors disclosure in the most recent 10-K filing compared to the previous 10-K filing. Deleted and moved text is less important and is shown for context.
To view the full company filings, click on the following link to be taken to the SEC EDGAR database landing page for the company: https://www.sec.gov/edgar/browse/?CIK=1683606&owner=exclude
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