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 Plants Roots in the Rockies

06/01/2021 | 09:12am EDT

Consignment-to-Retail Auto Company Plans First Colorado Hub

RICHMOND, Va., June 01, 2021 (GLOBE NEWSWIRE) -- CarLotz (NASDAQ: LOTZ), the nation’s largest consignment-to-retail used vehicle marketplace, announced today it will open a hub in Denver, Colorado. Located at 8120 West Tufts Avenue in Denver, the hub is the first for CarLotz in Colorado and in the Rockies. It is expected to open later this year.

“Anticipation around this hub has been building and we are so excited to bring our unique consignment-to-retail model to the Mile-High city,” said Michael Bor, Co-Founder and CEO of CarLotz. “Coupled with the announcement of our exciting entry into St. Louis, we are continuing to expand across the country and into the Southern Rockies. It feels like we simply can’t grow fast enough,” Bor continued. “We remain grateful to our team members for helping to explain the benefits that come with buying and selling through our consignment model,” Bor continued. “Once our guest understands that the real, tangible benefits we provide often generate, on average, up to $1,000 or more in value, our job is done.”    

CarLotz is on a mission to create the world’s greatest vehicle buying and selling experience for consumers and commercial consigners. This expansion into Colorado, coupled with its recent growth in the West, Southeast and Midwest, underscores CarLotz’s commitment to that mission. The company operates its full omnichannel offering out of hubs in in Virginia, North Carolina, Florida, Illinois, Tennessee, Texas, Washington State and California (opening soon).  

CarLotz is currently hiring for dozens of open positions including sales coaches, service techs, managers and other roles at the new Denver location as well as several other locations around the country. To learn more and apply, visit www.carlotz.com/careers or reach out to careers@carlotz.com

For additional information, visit carlotz.com

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. 

CONTACTS:
Media Inquiries
CarLotzPR@icrinc.com   
leslie.griles@carlotz.com

Analyst Inquiries
CarLotzIR@icrinc.com

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/1a92a00b-1adb-471e-8a7e-aafcfae725cf


Primary Logo

CarLotz Denver

CarLotz to open in Denver.

© GlobeNewswire 2021
All news about CARLOTZ, INC.
07/29CARLOTZ : Doubles Down in the Lone Star State
AQ
07/29CarLotz to Open Second Hub in Texas
CI
07/28SHAREHOLDER ALERT : Pomerantz Law Firm Reminds Shareholders with Losses on their..
PR
07/28CARLOTZ, INC. CLASS ACTION ALERT : Wolf Haldenstein Adler Freeman & Herz LLP rem..
PR
07/28CARLOTZ : to Present at J.P. Morgan's Virtual Auto Conference
AQ
07/27DEADLINE REMINDER : Law Offices of Howard G. Smith Reminds Investors of Looming ..
PR
07/26CARLOTZ ALERT : Investors With Substantial Losses Have Opportunity to Lead the C..
BU
07/26CARLOTZ : Opens in the Mile High City
AQ
07/26Carlotz, Inc. Opens in the Mile High City
CI
07/22GLANCY PRONGAY & MURRAY LLP : Reminds Investors of Looming Deadline in the Class..
PR
More news
Financials (USD)
Sales 2021 279 M - -
Net income 2021 - - -
Net Debt 2021 - - -
P/E ratio 2021 -
Yield 2021 -
Capitalization 505 M 505 M -
Capi. / Sales 2021 1,81x
Capi. / Sales 2022 0,69x
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 4,44 $
Average target price 16,00 $
Spread / Average Target 260%
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.-60.36%505
COPART, INC.15.52%34 777
CARVANA CO.40.92%27 333
CARMAX, INC.41.81%21 825
IAA, INC.-6.93%8 150
KAR AUCTION SERVICES, INC.-11.45%2 056