Inactive Instrument

CarLotz, Inc.

Equities

LOTZ

US1425521085

Auto Vehicles, Parts & Service Retailers

CarLotz, Inc. Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2022

August 09, 2022 at 05:07 pm EDT

CarLotz, Inc. reported earnings results for the second quarter and six months ended June 30, 2022. For the second quarter, the company reported sales was USD 0.137 million compared to USD 0.098 million a year ago. Revenue was USD 76.49 million compared to USD 50.77 million a year ago. Net loss was USD 34.91 million compared to USD 7.21 million a year ago. Basic loss per share from continuing operations was USD 0.31 compared to USD 0.06 a year ago.
For the six months, sales was USD 0.283 million compared to USD 0.205 million a year ago. Revenue was USD 139.51 million compared to USD 107.38 million a year ago. Net loss was USD 59.74 million compared to USD 22.23 million a year ago. Basic loss per share from continuing operations was USD 0.52 compared to USD 0.21 a year ago.

Latest news about CarLotz, Inc.

Combined Hearing for DS & Plan Rejected for Shift Technologies, Inc.	Mar. 06	CI
Combined Liquidation Plan and Disclosure Statement Filed by Shift Technologies, Inc.	Feb. 20	CI
Motion for Exclusivity Period Extension Approved For Shift Technologies, Inc.	Jan. 25	CI
Bidding Procedure Approved for Shift Technologies, Inc.	Jan. 17	CI
Motion for Asset Sale Filed by Shift Technologies, Inc.	Dec. 28	CI
Bidding Procedure Approved for Shift Technologies, Inc.	Nov. 10	CI
Motion for Asset Sale Approved for Shift Technologies, Inc.	23-10-12	CI
Motion for Joint Administration Approved for Shift Technologies, Inc.	23-10-09	CI
Motion for Asset Sale Filed by Shift Technologies, Inc.	23-10-09	CI
Shift Technologies, Inc. Filed for Bankruptcy	23-10-09	CI
CarLotz, Inc.(NasdaqGM:LOTZ) dropped from S&P TMI Index	22-12-13	CI
CarLotz, Inc. Announces Management Changes	22-12-09	CI
Shift Technologies Completes CarLotz Merger	22-12-09	MT
CarLotz, Inc.(NasdaqGM:LOTZ) dropped from NASDAQ Composite Index	22-12-09	CI
Shift Technologies, Inc. completed the acquisition of CarLotz, Inc. from Acamar Partners Sponsor I LLC and others.	22-12-08	CI
CarLotz, Inc. Announces the Closure of Three Dealership Stores, or Hubs	22-11-10	CI
CarLotz, Inc. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2022	22-11-08	CI
Earnings Flash (LOTZ) CARLOTZ Posts Q3 Revenue $50.8M	22-11-08	MT
CarLotz, Inc. Enters into A Credit Balance Agreement with Ally Bank and Ally Financial Inc	22-10-11	CI
CarLotz, Inc. Announces Maximum Available Credit Line Under the Ally Facility Be Reduced from $40 Million to $25 Million	22-09-30	CI
CarLotz, Inc.(NasdaqGM:LOTZ) dropped from S&P Global BMI Index	22-09-19	CI
Top Premarket Gainers	22-08-10	MT
Shift Technologies to Buy CarLotz in Shares; Both Shares Up Sharply After-Hours	22-08-09	MT
CarLotz, Inc. Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2022	22-08-09	CI
Transcript : CarLotz, Inc., Q2 2022 Earnings Call, Aug 09, 2022	22-08-09

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Company Profile

CarLotz, Inc., formerly Acamar Partners Acquisition Corp., operates vehicle consignment and retail remarketing business. The Company provides its corporate vehicle sourcing partners and retail sellers of used vehicles with the ability to access the retail sales channel. It operates a technology-enabled buying, sourcing and selling model that offers an omni-channel and selection of vehicles, while allowing for an end-to-end electronic commerce interface that enables buying and selling. The Company's Retail Remarketing technology provides its corporate vehicle sourcing partners with real-time performance metrics and data analytics, along with custom business intelligence reporting that enables price and vehicle triage optimization between the wholesale and retail channel. The Company offers its products and services to corporate vehicle sourcing partners, retail sellers of used vehicles and retail customers seeking to buy used vehicles.

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Auto Vehicles, Parts & Service Retailers

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