4 - CarLotz, Inc. (0001759008) (Issuer)

4 - CarLotz, Inc. (0001759008) (Issuer)

4 - CarLotz, Inc. (0001759008) (Issuer)

4 - CarLotz, Inc. (0001759008) (Issuer)

4 - CarLotz, Inc. (0001759008) (Issuer)

4 - CarLotz, Inc. (0001759008) (Issuer)

4 - CarLotz, Inc. (0001759008) (Issuer)

4 - CarLotz, Inc. (0001759008) (Issuer)

4 - CarLotz, Inc. (0001759008) (Issuer)

4 - CarLotz, Inc. (0001759008) (Issuer)

Third Quarter Revenue of $50.8 millionThird Quarter Retail Unit Sales of 1,375Third Quarter GPU increased 62% to $1,524 RICHMOND, Va., Nov. 08, 2022 (GLOBE NEWSWIRE) -- CarLotz, Inc. ((the "Company" or "CarLotz", NASDAQ:LOTZ), a consignment-to-retail used vehicle marketplace, today announced financial results for the third quarter ended September 30, 2022. Third Quarter 2022 Financial Results Net revenue was $50.8 million compared to $68.0 million in the same period in 2021Retail unit sales were 1,375 compared to 2,490 in the same period in 2021Finance & insurance revenue was $1.7 million compared to $2.6 million in the same period in 2021Gross profit was $(0.6) million, primarily due

Shift to merge with CarLotz, a leading used vehicle consignment business; combined company estimated to have approximately $125 million of cash if the merger closes at the end of the year  Shift is transitioning to a new business plan focused on transacting most sales through its most profitable online checkout channel, which allows consumers to purchase a vehicle online, sight unseen, for pickup or delivery.  Updated financial model enables positive unit economics in 2023 and company-wide profitability in 2024 Current Shift President Jeff Clementz to serve as CEO effective September 1  SAN FRANCISCO, Aug. 09, 2022 (GLOBE NEWSWIRE) -- Shift Technologies, Inc. (NASDAQ:SFT), a leading end

Second Quarter Revenue Grew 51% versus Last Year to $76.5 millionSecond Quarter Retail Unit Sales of 2,421Second Quarter F&I Revenue Grew 80% versus Last Year RICHMOND, Va., Aug. 09, 2022 (GLOBE NEWSWIRE) -- CarLotz, Inc. ((the "Company" or "CarLotz", NASDAQ:LOTZ), a consignment-to-retail used vehicle marketplace, today announced financial results for the second quarter ended June 30, 2022. Second Quarter 2022 Financial Results Net revenue increased 51% to $76.5 million from $50.8 million in the same period in 2021Retail unit sales increased 21% to 2,421 from 2,009 in the same period in 2021Finance & insurance revenue increased 80% to $3.2 million from $1.8 million in the s

RICHMOND, Va., Aug. 04, 2022 (GLOBE NEWSWIRE) -- CarLotz, Inc. ((the "Company" or "CarLotz", NASDAQ:LOTZ), a leading consignment-to-retail used vehicle marketplace, today announced a change to its previously announced second quarter fiscal 2022 earnings results conference call date. The Company will now report financial results after market hours on Tuesday, August 9, 2022. The Company will hold a conference call to discuss the business update at 5:00 p.m. (Eastern Time) that day. The U.S. toll free dial-in for the conference call is 1-800-715-9871, and the international dial-in number is 1-646-307-1963. The Conference ID is 7858530. A live webcast of the conference call will also be av

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, 2022. The Company will hold a conference call to discuss the business update at 5:00 p.m. (Eastern Time) that day. Please note that there is a new system to access the conference call and ask a question. To access the conference call, please register at this embedded link. Registered participants will be sent a unique PIN to access the call. A listen-only webcast may be access in the Investors section of the Company's website at

First Quarter Revenue Grew 11% versus Last Year to $63.0 millionFirst Quarter Retail Unit Sales of 2,270First Quarter F&I Revenue Grew 138% versus Last Year RICHMOND, Va., May 09, 2022 (GLOBE NEWSWIRE) -- CarLotz, Inc. ((the "Company" or "CarLotz", NASDAQ:LOTZ), a leading consignment-to-retail used vehicle marketplace, today announced financial results for the first quarter ended March 31, 2022. First Quarter 2022 Financial Results Net revenue increased 11% to $63.0 million from $56.6 million in the same period in 2021Retail unit sales were 2,270 compared to 2,554 in the same period in 2021Finance & insurance revenue increased 138% to $3.7 million from $1.6 million in the same period i

RICHMOND, Va., April 18, 2022 (GLOBE NEWSWIRE) -- CarLotz, Inc. (("The Company" or "CarLotz", NASDAQ:LOTZ), a leading consignment-to-retail used vehicle marketplace, will release its first quarter fiscal 2022 results after the U.S. stock market closes on May 9, 2022. The Company will hold a conference call to discuss the business update at 5:00 p.m. (Eastern Time) that day. The U.S. toll free dial-in for the conference call is 1-833-962-1461, and the international dial-in number is 1-929-517-0392. The Conference ID is 9499669. A live webcast of the conference call will also be available on the investor relations page of the Company's website at https://investors.carlotz.com. For those un

Fourth Quarter Revenue Grew 124% versus Last Year to $83.1 million Fourth Quarter Retail Unit Sales Grew 49% versus Last Year to 2,695Fourth Quarter F&I Revenue Grew 139% versus Last Year RICHMOND, Va., March 15, 2022 (GLOBE NEWSWIRE) -- CarLotz, Inc. ("CarLotz" or the "Company"), a leading consignment-to-retail used vehicle marketplace, today announced financial results for the fourth quarter and fiscal year ended December 31, 2021. Fourth Quarter 2021 Financial Results Net revenue increased 124% to $83.1 million from $37.0 million in the same period in 2020Retail unit sales increased 49% to 2,695 compared to 1,815 in the same period in 2020Finance & insurance revenu

RICHMOND, Va., March 03, 2022 (GLOBE NEWSWIRE) -- CarLotz, Inc. ("CarLotz" or the "Company"), a leading consignment-to-retail used vehicle marketplace, will release its fourth quarter and fiscal 2021 results after the U.S. stock market closes on March 15, 2022. The Company will hold a conference call to discuss the business update at 6:00 p.m. (Eastern Time) that day. The U.S. toll free dial-in for the conference call is 1-833-962-1461, and the international dial-in number is 1-929-517-0392. The Conference ID is 4350256. A live webcast of the conference call will also be available on the investor relations page of the Company's website at https://investors.carlotz.com. For those unable t

Record Revenue of $68.0 million in the Third Quarter, Increasing 128% versus Last Year Retail Unit Sales Grew 58% to 2,490 RICHMOND, Va., Nov. 08, 2021 (GLOBE NEWSWIRE) -- CarLotz, Inc. ("CarLotz" or the "Company"), a leading consignment-to-retail used vehicle marketplace, today announced financial results for the third quarter ended September 30, 2021. Third Quarter 2021 Financial Results Net revenue increased 128% to $68.0 million from $29.8 million in the same period in 2020Retail unit sales were 2,490 compared to 1,571 in the prior year period, an increase of 58%Retail GPU was $939. Adjusted retail GPU, excluding the increase in the inventory reserve, was $1,315.Net Loss attributa

Ozan Kaya Named President Eugene Kovshilovsky Named Chief Technology Officer RICHMOND, Va., March 31, 2022 (GLOBE NEWSWIRE) -- CarLotz (("The Company" or "CarLotz", NASDAQ:LOTZ), a leading consignment-to-retail used vehicle marketplace, today announced the appointment of Ozan Kaya to the role of President, a new role at the Company, and Eugene Kovshilovsky to the role of Chief Technology Officer. Mr. Kaya's appointment will be effective April 25, 2022, and Mr. Kovshilovsky's appointment will be effective April 17, 2022. Mr. Kaya and Mr. Kovshilovsky will report to incoming-CEO Lev Peker. "On behalf of the Company and incoming-CEO, Lev Peker, I am extremely pleased to welcome Ozan and Eu

Brand Velocity Group (BVG), an innovative private equity firm, today announced that Eric Grib has joined the firm as a Principal. Grib brings to BVG over 15 years of experience in private equity, corporate M&A, and investment banking across sectors such as consumer, media, technology, sports, and entertainment. "BVG's strategy of driving the growth of its portfolio companies through deep in-house marketing resources, connectivity to sports and entertainment, and focus on human capital very much aligns with my core strengths and philosophy," said Grib. "I'm excited to be a part of a team that approaches private equity investing in truly creative and thoughtful ways." Prior to joining BVG,

RICHMOND, Va., March 15, 2022 (GLOBE NEWSWIRE) -- CarLotz ("CarLotz" or the "Company"), a leading consignment-to-retail used vehicle marketplace, announced today the appointment of Lev Peker to the role of Chief Executive Officer, effective April 18, 2022. "Lev brings to CarLotz an exceptional blend of senior executive leadership experience, proven industry capabilities in online retail and a track record of shareholder value creation," said Luis Solorzano, Chairman of the Board for CarLotz. "We believe Lev's record of success as a CEO, with acumen in marketing, operations, and finance, and a history leading a consumer facing, technology-enabled, and operationally complex business, make

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 consignment-to-retail used vehicle marketplace. The combined company will continue to trade on Nasdaq under the ticker SFT. CarLotz shareholders at the effective time of the merger will receive approximately 0.705 shares of Shift common stock for each share of CarLotz common stock, or approximately 84.4 million shares of Shift common stock in the aggregate. Shift will also assume certain warrants an

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, dated August 9, 2022, among Shift Technologies, Inc. ("Shift"), Shift Remarketing Operations, Inc. ("Merger Sub") and the Company, pursuant to which, among other things and subject to the terms and conditions contained therein, Merger Sub will merge with and into the Company, with the Company continuing as the surviving corporation and as a wholly owned subsidiary of Shift (the "Merger"). The proposal to approve the Merger Agreement

Third Quarter Revenue of $50.8 millionThird Quarter Retail Unit Sales of 1,375Third Quarter GPU increased 62% to $1,524 RICHMOND, Va., Nov. 08, 2022 (GLOBE NEWSWIRE) -- CarLotz, Inc. ((the "Company" or "CarLotz", NASDAQ:LOTZ), a consignment-to-retail used vehicle marketplace, today announced financial results for the third quarter ended September 30, 2022. Third Quarter 2022 Financial Results Net revenue was $50.8 million compared to $68.0 million in the same period in 2021Retail unit sales were 1,375 compared to 2,490 in the same period in 2021Finance & insurance revenue was $1.7 million compared to $2.6 million in the same period in 2021Gross profit was $(0.6) million, primarily due

RICHMOND, Va., Oct. 20, 2022 (GLOBE NEWSWIRE) -- CarLotz (NASDAQ:LOTZ), the nation's leading consignment-to-retail used vehicle marketplace, is constantly evolving and expanding its services to deliver extraordinary customer service and achieve its mission to create the world's greatest vehicle buying and selling experience. While consignment has been around for many years, it is still relatively new in the used car category, but the benefits are very real. "People have been consigning in other categories for decades – clothing, art, furniture and even sporting equipment," said Liz Messick, Vice President of Operations. "Today, companies like ThredUp and TheRealReal are changing the game i

RICHMOND, Va., Sept. 22, 2022 (GLOBE NEWSWIRE) -- CarLotz, Inc. (NASDAQ:LOTZ), a leading consignment-to-retail used vehicle marketplace announced today it has launched the Driver's Seat Advantage program. The new program provides even more benefits to CarLotz's unique consignment model by offering used car buyers shopping online or in-hub access to the Driver's Seat Advantage. Most cars sold at CarLotz are eligible for the new program which includes a one-of-a-kind 12-Month/12,000-Mile Warranty, a Low-Price Match, and 7-Day/400-Mile Return Policy. "Now more than ever, buying a car can be overwhelming," said Liz Messick, Vice President of Operations. "We are excited to introduce the Driv

Shift to merge with CarLotz, a leading used vehicle consignment business; combined company estimated to have approximately $125 million of cash if the merger closes at the end of the year  Shift is transitioning to a new business plan focused on transacting most sales through its most profitable online checkout channel, which allows consumers to purchase a vehicle online, sight unseen, for pickup or delivery.  Updated financial model enables positive unit economics in 2023 and company-wide profitability in 2024 Current Shift President Jeff Clementz to serve as CEO effective September 1  SAN FRANCISCO, Aug. 09, 2022 (GLOBE NEWSWIRE) -- Shift Technologies, Inc. (NASDAQ:SFT), a leading end

Second Quarter Revenue Grew 51% versus Last Year to $76.5 millionSecond Quarter Retail Unit Sales of 2,421Second Quarter F&I Revenue Grew 80% versus Last Year RICHMOND, Va., Aug. 09, 2022 (GLOBE NEWSWIRE) -- CarLotz, Inc. ((the "Company" or "CarLotz", NASDAQ:LOTZ), a consignment-to-retail used vehicle marketplace, today announced financial results for the second quarter ended June 30, 2022. Second Quarter 2022 Financial Results Net revenue increased 51% to $76.5 million from $50.8 million in the same period in 2021Retail unit sales increased 21% to 2,421 from 2,009 in the same period in 2021Finance & insurance revenue increased 80% to $3.2 million from $1.8 million in the s

Merger will create a leading omnichannel auto retailerCombination of complementary geographic footprints, with Shift's strong presence on the West Coast and CarLotz's retail stores in the mid-Atlantic regionUpon close, combined company anticipated to have a cash position of approximately $125 million SAN FRANCISCO and RICHMOND, Va., Aug. 09, 2022 (GLOBE NEWSWIRE) -- Shift Technologies, Inc. (NASDAQ:SFT), a leading end-to-end ecommerce platform for buying and selling used cars, and CarLotz, Inc. (NASDAQ:LOTZ), a leading consignment-to-retail used vehicle marketplace, announced today that they have entered into a definitive agreement to combine in a stock-for-stock merger. The combined comp

Merger will create a leading omnichannel auto retailerCombination of complementary geographic footprints, with Shift's strong presence on the West Coast and CarLotz's retail stores in the mid-Atlantic regionUpon close, combined company anticipated to have a cash position of approximately $125 million SAN FRANCISCO and RICHMOND, Va., Aug. 09, 2022 (GLOBE NEWSWIRE) -- Shift Technologies, Inc. (NASDAQ:SFT), a leading end-to-end ecommerce platform for buying and selling used cars, and CarLotz, Inc. (NASDAQ:LOTZ), a leading consignment-to-retail used vehicle marketplace, announced today that they have entered into a definitive agreement to combine in a stock-for-stock merger. The combined comp

RICHMOND, Va., Aug. 04, 2022 (GLOBE NEWSWIRE) -- CarLotz, Inc. ((the "Company" or "CarLotz", NASDAQ:LOTZ), a leading consignment-to-retail used vehicle marketplace, today announced a change to its previously announced second quarter fiscal 2022 earnings results conference call date. The Company will now report financial results after market hours on Tuesday, August 9, 2022. The Company will hold a conference call to discuss the business update at 5:00 p.m. (Eastern Time) that day. The U.S. toll free dial-in for the conference call is 1-800-715-9871, and the international dial-in number is 1-646-307-1963. The Conference ID is 7858530. A live webcast of the conference call will also be av

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