SFT News and Press, Shift Technologies Inc Cl A From 03/07/23

SAN FRANCISCO, March 07, 2023 (GLOBE NEWSWIRE) -- Shift Technologies, Inc. (Nasdaq: SFT) (the “Company” or “Shift”), a leading end-to-end auto ecommerce platform transforming the used car industry with a technology-driven, hassle-free customer experience, announced tod...

Earnings season has started to taper off in the first days of March. Still, a number of key reports are set to be announced in the first full week of the month. One-time pandemic favorite Docusign ( NASDAQ: DOCU ) and cybersecurity leader CrowdStrike ( NASDAQ: CRWD ) are among...

Share price of Shift Technologies ( NASDAQ: SFT ) tumbles 7% as the company will be exiting its East Coast stores acquired as a result of its merger with CarLotz in order to focus on building omnichannel capabilities in its other locations and on the Company’s pat...

SAN FRANCISCO, Feb. 02, 2023 (GLOBE NEWSWIRE) -- Shift Technologies, Inc. (Nasdaq: SFT), a leading end-to-end auto ecommerce platform transforming the used car industry with a technology-driven, hassle-free customer experience, has announced it will be exiting its East Coast stores acquired as a ...

Summary Shift has downsized significantly in order to bring profitability back into the black. Management is hoping a far superior streamlining process along with more affordable vehicles will increase margins. Risks such as a deep recession and higher interest rates remain to the f...

SAN FRANCISCO, Dec. 09, 2022 (GLOBE NEWSWIRE) -- Shift Technologies, Inc. (Nasdaq: SFT), a leading end-to-end auto ecommerce platform transforming the used car industry with a technology-driven, hassle-free customer experience, has closed its merger with CarLotz, Inc. (Nasdaq: LOTZ), a leading co...

SAN FRANCISCO, Nov. 22, 2022 (GLOBE NEWSWIRE) -- Shift Technologies, Inc. (Nasdaq: SFT), a leading end-to-end ecommerce platform for buying and selling used cars, today announced that senior management will participate in the following upcoming investor conference: Wells Fargo 6th Ann...

Shift Technologies, Inc. (SFT) Q3 2022 Results Conference Call November 08, 2022 05:00 PM ET Company Participants Cheryl Liu - Manager of Corporate Strategy Jeff Clementz - Chief Executive Officer Oded Shein - Chief Financial Officer Conference Call Partici...

Shift Technologies press release ( NASDAQ: SFT ): Q3 GAAP EPS of -$0.92 misses by $0.48 . Revenue of $161.87M (-10.0% Y/Y) beats by $21.63M . Fiscal Year 2022 Outlook: Revenue in the range of $665 - $675 million; Consensus Revenue Estimates 2022 $698.1...

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 ...