Risk Factors Update Summary
- Using cash for acquisitions or EchoPark expansion could substantially limit financial flexibility.
- Incremental expenses for standardized accounting systems could impact financial condition and performance.
- Low used vehicle inventory levels led to increased costs and may affect operations.
- Supply chain disruptions led to low vehicle inventory levels, impacting sales prices and costs.
- Higher consumer lending rates negatively impacted finance and insurance product penetration rates.
- Changes in consumer preferences for fuel-efficient vehicles may affect business and operations.
- Cybersecurity incidents have increased, potentially affecting information security and financial results.
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=1043509&owner=exclude
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