ModivCare Delays Q2 2025 Filing Amid Goodwill Assessment

ModivCare ( (MODV) ) has released a notification of late filing.

ModivCare Inc. has announced a delay in filing its Form 10-Q (Quarter Report) for the financial period ending June 30, 2025. The delay is primarily due to the company’s need for additional time to complete an ongoing assessment of goodwill for potential impairment and an investigation into compliance hotline allegations related to company culture. ModivCare expects to file the report within five days following the prescribed due date. The company anticipates significant changes in financial results, including a substantial decrease in consolidated revenue, EBITDA, and Adjusted EBITDA, partly due to an expected goodwill impairment of at least $250 million. The notification was signed by CEO L. Heath Sampson, indicating the company’s commitment to resolving these issues and maintaining compliance.

The most recent analyst rating on (MODV) stock is a Hold with a $3.50 price target. To see the full list of analyst forecasts on ModivCare stock, see the MODV Stock Forecast page.

Spark’s Take on MODV Stock

According to Spark, TipRanks’ AI Analyst, MODV is a Neutral.

ModivCare’s overall stock score reflects significant financial and technical challenges. The negative financial performance and valuation metrics weigh heavily, despite positive strategic initiatives and recent Nasdaq compliance. The stock’s technical indicators suggest bearish momentum, further impacting the score.

To see Spark’s full report on MODV stock, click here.

More about ModivCare

Average Trading Volume: 4,872,268

Technical Sentiment Signal: Strong Sell

Current Market Cap: $32.58M

For a thorough assessment of MODV stock, go to TipRanks’ Stock Analysis page.