Inactive Instrument

CarLotz, Inc.

Equities

LOTZ

US1425521085

Auto Vehicles, Parts & Service Retailers

CarLotz, Inc. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2022

November 08, 2022 at 05:01 pm EST

CarLotz, Inc. reported earnings results for the third quarter and nine months ended September 30, 2022. For the third quarter, the company reported sales was USD 0.245 million compared to USD 0.129 million a year ago. Revenue was USD 50.84 million compared to USD 68.04 million a year ago. Net loss was USD 24.3 million compared to USD 3.48 million a year ago. Basic loss per share from continuing operations was USD 0.21 compared to USD 0.03 a year ago. Diluted loss per share from continuing operations was USD 0.21 compared to USD 0.03 a year ago.
For the nine months, sales was USD 0.528 million compared to USD 0.334 million a year ago. Revenue was USD 190.34 million compared to USD 175.42 million a year ago. Net loss was USD 84.04 million compared to USD 25.7 million a year ago. Basic loss per share from continuing operations was USD 0.74 compared to USD 0.23 a year ago. Diluted loss per share from continuing operations was USD 0.74 compared to USD 0.23 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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