LOTZ - CarLotz Is A Buy At 1.15x Forward Sales
- CarLotz, Inc. runs a vehicle consignment and remarketing business.
- Over the last six months, LOTZ opened a significant number of new hub locations. The number of employees also increased, and major marketing initiatives took place.
- If we assume a share price of $4, close to 66% of the company’s share price is represented by cash or assets that the company can sell.
- If we assume a market capitalization of $450 million, the enterprise value is equal to $230 million. With sales of $200 million, the company’s EV/Sales is 1.15x, which is cheap.
- Many individuals in social media are claiming that the company is highly undervalued.
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CarLotz Is A Buy At 1.15x Forward Sales