LOTZ News and Press, CarLotz Inc. From 08/13/22

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Today, we take our first look at Shift Technologies, a fast-growing name in the ecommerce auto retailing space that just made a major purchase. Despite over 100% revenue growth last quarter, the company is far away from profitability. Shift Technologies just reported second quarte...

After a noisy earnings day for Shift Technologies ( NASDAQ: SFT ) motivated DA Davidson analyst Michael Baker to downgrade the stock on Wednesday. The online auto retailer offered a mixed earnings result on Tuesday evening wherein losses were lighter than anticip...

InvestorPlace - Stock Market News, Stock Advice & Trading Tips Source: oneinchpunch/Shutterstock.com It’s time for another dive into the biggest pre-market stock movers as we check out the latest news for Wednesday! We’ve got an acquisition, monkeypox, and loads o...

CarLotz press release ( NASDAQ: LOTZ ): Q2 GAAP EPS of -$0.31 (vs. -$0.06 Y/Y). Revenue of $76.5M (+50.6% Y/Y). Shares +13.28% AH. For further details see: CarLotz Q2 GAAP loss per share widens Y/Y, revenue up

Shift Technologies ( NASDAQ: SFT ) said Tuesday it will acquire CarLotz ( LOTZ ) in an all-stock deal, sending LOTZ shares soaring ~35% and SFT shares up 10% in aftermarket trade. LOTZ shareholders are expected to receive ~0.692158 SFT shares for each LOTZ share. ...

Shift to merge with CarLotz, a leading used vehicle consignment business; combined company estimated to have approximately $125 million of cash if the merger closes at the end of the year Shift is transitioning to a new business plan focused on transacting most sales through its most ...

Merger will create a leading omnichannel auto retailer Combination of complementary geographic footprints, with Shift’s strong presence on the West Coast and CarLotz’s retail stores in the mid-Atlantic region Upon close, combined company anticipated to have a cash po...

Second Quarter Revenue Grew 51% versus Last Year to $76.5 million Second Quarter Retail Unit Sales of 2,421 Second Quarter F&I Revenue Grew 80% versus Last Year RICHMOND, Va., Aug. 09, 2022 (GLOBE NEWSWIRE) -- CarLotz, Inc. (the “Company” or “Car...

Merger will create a leading omnichannel auto retailer Combination of complementary geographic footprints, with Shift’s strong presence on the West Coast and CarLotz’s retail stores in the mid-Atlantic region Upon close, combined company anticipated to have a cash po...