Growth Expectations4Q guidance implies a 4% quarter-over-quarter drop in units sold, leading to a 13-point deceleration in year-over-year growth, which might fall short of investor expectations.
Market PerceptionShares have been sluggish with underperformance largely due to renewed fears around consumer and auto credit health.
Operational RisksRisks include managing a large pool of fast-depreciating assets and the potential for finance income per car to decline in an inclement credit environment.