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RICHMOND, Va., July 18, 2022 (GLOBE NEWSWIRE) -- CarLotz, Inc. (the “Company” or “CarLotz”; NASDAQ: LOTZ), a leading consignment-to-retail used vehicle marketplace, will release its second quarter fiscal 2022 results after the U.S. stock market closes on August 8...
RICHMOND, Va., July 05, 2022 (GLOBE NEWSWIRE) -- CarLotz, Inc. (the “Company” or “CarLotz”; NASDAQ: LOTZ), a leading consignment-to-retail used vehicle marketplace, is pleased to announce that, effective as of July 1, 2022, it has appointed Nanxi Liu as a directo...
3 Top Penny Stocks to Add to Your Watchlist Right Now Finding penny stocks to buy in 2022 can be challenging. Because of the sheer amount of movement in the stock market, investors need to be diligent in their research to find stocks that are trading at a discount. There are a large num...
CarLotz, Inc. (NASDAQ:LOTZ) announced the closure of 11 dealership stores on June 21 as part of a strategic review of the business. The retailer said cash preservation and future profitable growth were the key determining factors in which stores or hubs were shuttered. In addition to the...
CarLotz (NASDAQ:LOTZ) said Tuesday it closed 11 dealership stores (50% of its stores) as part of a strategic review, resulting in an estimated workforce reduction of 25-30%. Three locations with executed leases will not be opened. All hub closing activities for the 11 stores will be completed...
RICHMOND, Va., June 21, 2022 (GLOBE NEWSWIRE) -- CarLotz, Inc. (the “Company” or “CarLotz”; NASDAQ: LOTZ), a leading consignment-to-retail used vehicle marketplace, today announced the closure of 11 dealership stores, or “hubs,” as part of a strateg...
Cazoo (NYSE:CZOO) group is realigning its business to improve profitability, with significant staff cuts coming as part of the plan. While the company noted that it reached record sales in May, margins continue to tighten while recession risk only looms larger. Given an expectation of a reces...
RICHMOND, Va., May 18, 2022 (GLOBE NEWSWIRE) -- CarLotz, Inc. (the “Company” or “CarLotz”; NASDAQ: LOTZ), the nation’s largest consignment-to-retail used vehicle marketplace, announced today that the Company’s Compensation Committee has granted equi...
CarLotz Inc. (NASDAQ:LOTZ -15.9%) shares are crumbling on Wednesday as analysts examine the firm’s ability to remain in business. The Richmond, Virginia-based online auto retailer missed on both bottom and top line earnings estimates on Monday while sales declined, macro headwinds hit ...
CarLotz, Inc. (LOTZ) Q1 2022 Earnings Conference Call May 9, 2022 5:00 PM ET Company Participants Susan Lewis – Vice President-Investor Relations Lev Peker – Chief Executive Officer Tom Stoltz – Chief Financial Officer Conference Call Participants Presentation Susan Lewis...
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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...
RICHMOND, Va., Dec. 07, 2022 (GLOBE NEWSWIRE) -- CarLotz, Inc. (the “Company” or “CarLotz”; NASDAQ: LOTZ), a consignment-to-retail used vehicle marketplace, is pleased to announce that today the Company’s stockholders approved the Agreement and Plan of Merger, d...
Third Quarter Revenue of $50.8 million Third Quarter Retail Unit Sales of 1,375 Third Quarter GPU increased 62% to $1,524 RICHMOND, Va., Nov. 08, 2022 (GLOBE NEWSWIRE) -- CarLotz, Inc. (the “Company” or “CarLotz”; NASDAQ: LOTZ), a consignment-...