SFT News and Press, Shift Technologies Inc Cl A From 11/08/22

Sold 4,855 ecommerce units and achieved $161.9 million in revenue Achieved strong Adjusted gross profit per unit of $1,925, despite macroeconomic headwinds and lower ASP vehicles Successfully executed restructuring plan as outlined in last quarter’s earnings call ...

SAN FRANCISCO, Oct. 18, 2022 (GLOBE NEWSWIRE) -- Shift (Nasdaq: SFT), a leading end-to-end auto ecommerce platform transforming the used car industry with a technology-driven, hassle-free customer experience, announced today that it will report its financial results for the third quarter 20...

Cantor Fitzgerald analyst Brett Knoblauch cut his rating on Shift Technologies to “Neutral” from a prior “Buy” amid concerns on used vehicle price trends and the integration of its planned CarLotz merger. Knoblauch pointed to the Manheim used vehi...

SAN FRANCISCO, Aug. 25, 2022 (GLOBE NEWSWIRE) -- Shift Technologies, Inc. (Nasdaq: SFT) announced today that Emily Melton, Lead Director who has served on the company’s Board since 2014, will be stepping down from the Board, effective August 31. Jason Krikorian, company Directo...

Used vehicle e-commerce company Shift Technologies is acquiring peer CarLotz in an all-stock deal. At current prices, the spread stands at 17% in a hedged trade. The merger is highly rational for the buyer as it will provide Shift with CarLotz’s net cash while also allowing...

Online auto retailers Shift Technologies ( NASDAQ: SFT ) and Vroom, Inc. ( NASDAQ: VRM ) slid sharply on Monday after J.P. Morgan analyst Rajat Gupta moved to a Sell-equivalent rating on both. Vroom ( VRM ) shares slid over 5% on significant premarket...

Shift Technologies (NASDAQ: SFT) said on Tuesday that it will acquire CarLotz (LOTZ) in an all-stock transaction, sending LOTZ shares up 35% and SFT shares up 10% in aftermarket trading. Each LOTZ share is anticipated to be exchanged for 0.692158 SFT shares. The actual exchang...

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...