LOTZ - Earnings announcements

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

RICHMOND, Va., Oct. 18, 2021 (GLOBE NEWSWIRE) -- CarLotz, Inc. ("CarLotz" or the "Company"), a leading consignment-to-retail used vehicle marketplace, will release its third quarter 2021 results after the U.S. stock market closes on November 8, 2021. 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 1488810. 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 to participa

Unit Sales Grew 46% to 2,009, Ahead of Expectations Revenue Growth of 92% to $50.8 million Record Gross Profit of $4.2 million and GPU Ahead of Expectations Withdraws Previously Provided 2021 Outlook due to Channel Constraints RICHMOND, Va., Aug. 09, 2021 (GLOBE NEWSWIRE) -- CarLotz, Inc. ("CarLotz" or the "Company"), a leading consignment-to-retail used vehicle marketplace, today announced financial results for the second quarter ended June 30, 2021. Highlights of Second Quarter 2021 Financial Results Net revenues increased 92% to $50.8 million from $26.4 million in the same period in 2020Gross Profit increased 53% to $4.2 million from $2.7 million in the prior year periodRetail

RICHMOND, Va., July 20, 2021 (GLOBE NEWSWIRE) -- CarLotz, Inc. ("CarLotz" or the "Company"), a leading consignment-to-retail used vehicle marketplace, will release its second quarter 2021 results after the U.S. stock market closes on August 9, 2021. The Company will hold a conference call to discuss the business update at 5:30 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 9089546. 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 to participat