Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON
  1. Homepage
  2. Equities
  3. United States
  4. Nasdaq
  5. CarLotz, Inc.
  6. News
  7. Summary
    LOTZ   US1425521085

CARLOTZ, INC.

(LOTZ)
  Report
SummaryQuotesChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
SummaryMost relevantAll NewsAnalyst Reco.Other languagesPress ReleasesOfficial PublicationsSector news

CarLotz, Inc. Set to Join Russell 3000® and 2000® Indexes

06/14/2021 | 08:05am EDT

RICHMOND, Va., June 14, 2021 (GLOBE NEWSWIRE) -- CarLotz (NASDAQ: LOTZ), the nation’s largest consignment-to-retail used vehicle marketplace, is set to join the broad-market Russell 3000® Index and the Russell 2000® Index at the conclusion of the 2021 Russell indexes annual reconstitution, effective after the US market opens on June 28, 2021 according to a preliminary list of additions posted June 4, 2021.

Annual Russell indexes reconstitution captures the 4,000 largest US stocks as of May 7, ranking them by total market capitalization. Membership in the US all-cap Russell 3000® Index, which remains in place for one year, means automatic inclusion in the large-cap Russell 1000® Index or small-cap Russell 2000® Index as well as the appropriate growth and value style indexes. FTSE Russell determines membership for its Russell indexes primarily by objective, market-capitalization rankings and style attributes.

“The expected addition of CarLotz to the Russell 3000® and 2000® Indexes is another step forward in our journey as a publicly traded company,” said Michael Bor, Co-Founder and Chief Executive Officer of CarLotz. “We believe inclusion in the indexes will support our efforts to raise awareness within the investment community of the Company’s differentiated business model and its long-term growth strategy.”

Russell indexes are widely used by investment managers and institutional investors for index funds and as benchmarks for active investment strategies. Approximately $10.6 trillion in assets are benchmarked against Russell’s US indexes. Russell indexes are part of FTSE Russell, a leading global index provider.

For more information on the Russell 3000® Index and the Russell indexes reconstitution, go to the “Russell Reconstitution” section on the FTSE Russell website.

About CarLotz, Inc.
CarLotz is a used vehicle consignment and Retail Remarketing™ business that provides our corporate vehicle sourcing partners and retail sellers of used vehicles with the ability to access the previously unavailable retail sales channel, while simultaneously providing buyers with prices that are, on average, below those of traditional dealerships. Our mission is to create the world’s greatest vehicle buying and selling experience.

We operate a technology-enabled buying, sourcing and selling model that offers a seamless omnichannel experience and comprehensive selection of vehicles, while allowing for a fully contactless end-to-end e-commerce interface that enables no hassle buying and selling. Our proprietary Retail Remarketing™ technology provides our 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. Through our marketplace model, we generate significant value for both sellers and buyers through price, selection, and experience.

About FTSE Russell

FTSE Russell is a global index leader that provides innovative benchmarking, analytics and data solutions for investors worldwide. FTSE Russell calculates thousands of indexes that measure and benchmark markets and asset classes in more than 70 countries, covering 98% of the investable market globally.

FTSE Russell index expertise and products are used extensively by institutional and retail investors globally. Approximately $17.9 trillion is currently benchmarked to FTSE Russell indexes. For over 30 years, leading asset owners, asset managers, ETF providers and investment banks have chosen FTSE Russell indexes to benchmark their investment performance and create ETFs, structured products and index-based derivatives.

A core set of universal principles guides FTSE Russell index design and management: a transparent rules-based methodology is informed by independent committees of leading market participants. FTSE Russell is focused on applying the highest industry standards in index design and governance and embraces the IOSCO Principles. FTSE Russell is also focused on index innovation and customer partnerships as it seeks to enhance the breadth, depth and reach of its offering.

FTSE Russell is wholly owned by London Stock Exchange Group.

For more information, visit www.ftserussell.com.

Forward-Looking Statements

This communication contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Generally, forward-looking statements include statements that are not historical facts, such as statements concerning possible or assumed future actions, business strategies, events or results of operations, including statements regarding CarLotz’ expectations or predictions of future financial or business performance or conditions. Forward-looking statements may be preceded by, followed by or include the words “believes,” “estimates,” “expects,” “projects,” “forecasts,” “may,” “will,” “should,” “seeks,” “plans,” “scheduled,” “anticipates” or “intends” or similar expressions. Such statements are based on management’s current expectations and are not guarantees of future performance. Forward-looking statements are subject to risks and uncertainties that could cause actual results to differ materially from the results projected, expressed or implied by these forward-looking statements. Factors that could cause such differences include those disclosed in CarLotz’ filings with the SEC, including those resulting from the impact of the ongoing Covid-19 pandemic on our business and general business and economic conditions and our ability to successfully execute our geographic expansion plans. Forward-looking statements speak only as of the date they are made, and CarLotz is under no obligation, and expressly disclaims any obligation, to update, alter or otherwise revise any forward-looking statement, whether as a result of new information, future events or otherwise, except as required by law.

Contacts

Media Inquiries
CarLotzPR@icrinc.com   

Analyst Inquiries
CarLotzIR@icrinc.com


Primary Logo


© GlobeNewswire 2021
All news about CARLOTZ, INC.
07/22GLANCY PRONGAY & MURRAY LLP : Reminds Investors of Looming Deadline in the Class..
PR
07/22CARLOTZ : Announces First Hub in the Silver State
AQ
07/22Carlotz Announces First Hub in the Silver State
CI
07/21KANZHUN : The Klein Law Firm
AQ
07/21CARLOTZ, INC. CLASS ACTION ALERT : Wolf Haldenstein Adler Freeman & Herz LLP ann..
PR
07/20CARLOTZ : Pomerantz Law Firm Announces the Filing of a Class Action Against CarL..
PR
07/20LOTZ; LOTZW SHAREHOLDER ALERT : Bronstein, Gewirtz & Grossman, LLC Reminds CarLo..
BU
07/20CARLOTZ : LOTZ DEADLINE - Robbins Geller Rudman & Dowd LLP Announces Upcoming Op..
BU
07/20CARLOTZ : Announces Second Quarter Fiscal 2021 Earnings Release Date, Conference..
AQ
07/19BREAKING NEWS : LEADING INVESTOR COUNSEL, ROSEN LAW FIRM, Encourages CarLotz, In..
PR
More news
Financials (USD)
Sales 2021 282 M - -
Net income 2021 - - -
Net Debt 2021 - - -
P/E ratio 2021 -
Yield 2021 -
Capitalization 521 M 521 M -
Capi. / Sales 2021 1,85x
Capi. / Sales 2022 0,71x
Nbr of Employees 168
Free-Float 73,0%
Chart CARLOTZ, INC.
Duration : Period :
CarLotz, Inc. Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends CARLOTZ, INC.
Short TermMid-TermLong Term
TrendsBearishNeutralBearish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus BUY
Number of Analysts 2
Last Close Price 4,58 $
Average target price 16,00 $
Spread / Average Target 249%
Managers and Directors
Michael W. Bor Chairman & Chief Executive Officer
Thomas W. Stoltz Chief Financial Officer
Daniel A. Valerian Chief Technology Officer
John Foley Chief Operating Officer
Liz Sanders Chief Administrative Officer
Sector and Competitors
1st jan.Capi. (M$)
CARLOTZ, INC.-59.11%639
COPART, INC.15.24%31 531
CARVANA CO.41.49%24 305
CARMAX, INC.42.75%20 741
IAA, INC.-6.46%7 371
KAR AUCTION SERVICES, INC.-12.36%2 273