Avis Budget Group (CAR) has disclosed a new risk, in the Accounting & Financial Operations category.
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Avis Budget Group faces potential financial risks from impairment charges due to the significant amount of goodwill and long-lived assets on their balance sheet. The company regularly assesses these assets for impairment, which could lead to substantial write-offs affecting their financial condition and results. Historical instances, such as the accelerated fleet rotation in late 2024, resulted in impairment charges that underscore this risk. Future impairments could similarly impact the company’s consolidated financial condition or reported operations.
Overall, Wall Street has a Moderate Buy consensus rating on CAR stock based on 3 Buys and 3 Holds.
To learn more about Avis Budget Group’s risk factors, click here.
