Shift to Report Second Quarter 2023 Financial Results on August 10, 2023

SAN FRANCISCO, Oct. 06, 2023 (GLOBE NEWSWIRE) -- Shift Technologies, Inc. (NASDAQ:SFT), a consumer-centric omnichannel retailer for buying and selling used cars, today announced that it and its subsidiaries (collectively, "the Company") intend to file a voluntary petition for relief under Chapter 11 of the U.S. Bankruptcy Code ("Chapter 11") in the United States Bankruptcy Court ("the Court") to implement an orderly wind down of its business.   To facilitate the process, the Company will utilize cash on hand and cash generated by the liquidation of inventory through wholesale channels to provide the necessary liquidity to support the wind down and closure of operations during the Chapter

SAN FRANCISCO, Aug. 10, 2023 (GLOBE NEWSWIRE) -- Shift Technologies, Inc. (NASDAQ:SFT) ("Shift" or the "Company"), a consumer-centric omnichannel retailer for buying and selling used cars, today reported second quarter financial results for the period ended June 30, 2023. Management's commentary on second quarter financial results can be found by accessing the Company's prepared remarks on investors.shift.com, or by listening to today's conference call. A live audio webcast will also be available on Shift's Investor Relations website. The following represents a summary of certain operating results (unaudited). Reconciliations and descriptions of non-GAAP financial measures to correspondin

SAN FRANCISCO, July 20, 2023 (GLOBE NEWSWIRE) -- Shift (NASDAQ:SFT), a consumer-centric omnichannel retailer for buying and selling used cars, announced today that it will report its financial results for the second quarter 2023, which ended June 30, 2023. The conference call, hosted by management, will take place on Thursday, August 10, 2023 at 2:00 p.m. PT (5:00 p.m. ET) and will cover the company's business and financial results. What: Shift Second Quarter 2023 Earnings Conference CallWhen: Thursday, August 10, 2023Time: 2:00 p.m. PT (5:00 p.m. ET)Live Call: (833) 634-1255 or (412) 317-6015Live Webcast: https://investors.shift.com/ An archived webcast of the conference call will be ac

JP Morgan downgraded Shift from Neutral to Underweight

DA Davidson downgraded Shift from Buy to Neutral and set a new price target of $1.50 from $2.50 previously

William Blair downgraded Shift from Outperform to Mkt Perform

4 - SHIFT TECHNOLOGIES, INC. (0001762322) (Issuer)

4 - SHIFT TECHNOLOGIES, INC. (0001762322) (Issuer)

4 - SHIFT TECHNOLOGIES, INC. (0001762322) (Issuer)

8-K - SHIFT TECHNOLOGIES, INC. (0001762322) (Filer)

8-K - SHIFT TECHNOLOGIES, INC. (0001762322) (Filer)

8-K - SHIFT TECHNOLOGIES, INC. (0001762322) (Filer)

SAN FRANCISCO, June 09, 2023 (GLOBE NEWSWIRE) -- Shift (NASDAQ:SFT) today announced that its Board of Directors has appointed Ayman Moussa as Chief Executive Officer and a member of the Board, effective immediately June 9, 2023.  Ayman Moussa is an automotive entrepreneur and CEO with over 20 years of industry experience and leadership. In 2009, he founded Carnamic, a group of new and pre-owned auto dealerships in Northern California. Carnamic has 8 locations and over $200 million in annual revenue. "With his considerable automotive dealership experience as a founder and operator and a proven track record, we are confident Ayman is ideally positioned to lead Shift during this critica

The social networking platform sets its go-forward leadership team ahead of public listing to continue and accelerate profitable growth The Board of Directors of Grindr (the "Board"), the #1 social network for the LGBTQ community, today announced that George Arison, one of the few openly gay public company CEOs in the US, has been named Grindr's new Chief Executive Officer effective October 19, 2022. Additionally, Vanna Krantz, former CFO of Disney Streaming Services, has been appointed Chief Financial Officer, effective September 26, 2022. This leadership announcement is part of a planned transition – originally announced along with the SPAC transaction in May – as Grindr prepares for its

SAN FRANCISCO, Aug. 09, 2022 (GLOBE NEWSWIRE) -- Shift Technologies, Inc. (NASDAQ:SFT) and its Board of Directors announced today that Co-Founder and CEO George Arison will be stepping down as CEO effective September 1, 2022, and will be succeeded by the President of Shift, Jeff Clementz. Mr. Arison will continue in his role as Chairman of the Board of Directors. Arison started Shift in 2013. Since then, Shift has served over 100,000 customers and generated approximately $2 billion in cumulative revenue. In 2020, Arison became by all accounts the first ever openly gay founder-CEO to take an American company public. Since then, Shift has met or exceeded 27 of the 29 guidance metrics it has

SAN FRANCISCO, Aug. 10, 2023 (GLOBE NEWSWIRE) -- Shift Technologies, Inc. (NASDAQ:SFT) ("Shift" or the "Company"), a consumer-centric omnichannel retailer for buying and selling used cars, today reported second quarter financial results for the period ended June 30, 2023. Management's commentary on second quarter financial results can be found by accessing the Company's prepared remarks on investors.shift.com, or by listening to today's conference call. A live audio webcast will also be available on Shift's Investor Relations website. The following represents a summary of certain operating results (unaudited). Reconciliations and descriptions of non-GAAP financial measures to correspondin

SAN FRANCISCO, July 20, 2023 (GLOBE NEWSWIRE) -- Shift (NASDAQ:SFT), a consumer-centric omnichannel retailer for buying and selling used cars, announced today that it will report its financial results for the second quarter 2023, which ended June 30, 2023. The conference call, hosted by management, will take place on Thursday, August 10, 2023 at 2:00 p.m. PT (5:00 p.m. ET) and will cover the company's business and financial results. What: Shift Second Quarter 2023 Earnings Conference CallWhen: Thursday, August 10, 2023Time: 2:00 p.m. PT (5:00 p.m. ET)Live Call: (833) 634-1255 or (412) 317-6015Live Webcast: https://investors.shift.com/ An archived webcast of the conference call will be ac

SAN FRANCISCO, May 11, 2023 (GLOBE NEWSWIRE) -- Shift Technologies, Inc. (NASDAQ:SFT), a consumer-centric omnichannel retailer for buying and selling used cars, today reported first quarter financial results for the period ended March 31, 2023. Management's commentary on first quarter financial results can be found by accessing the Company's prepared remarks on investors.shift.com, or by listening to today's conference call. A live audio webcast will also be available on Shift's Investor Relations website. First Quarter 2023 Operating Results Total revenue for the quarter was $57.7 million.Total retail units sold were 2,396.Gross profit per unit was $1,477; Adjusted gross profit per unit

SC 13G/A - SHIFT TECHNOLOGIES, INC. (0001762322) (Subject)

SC 13G - SHIFT TECHNOLOGIES, INC. (0001762322) (Subject)

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