Liquidity Services, Inc. provides e-commerce marketplace that enable buyers and sellers to transact in an automated environment. The company's marketplaces include liquidation.com that enable corporations to sell surplus and salvage consumer goods and retail capital assets; govdeals.com provides self-directed service solutions in which sellers list their own assets that enables local and state government entities, and commercial businesses located in the United States and Canada to sell surplus and salvage assets, as well as offers asset sales and marketing services; and AllSurplus.com, a centralized marketplace that connects global buyer base with assets from across the network of legacy marketplaces in a single destination, as well as also serves as heavy equipment vertical. It also operates networkintl.com, which enables corporations to sell idle, surplus, and scrap equipment in the oil and gas, petrochemical, and power generation industries; go-dove.com marketplace for corporations located in the United States, Europe, and Asia to sell manufacturing surplus, salvage capital assets, and scrap material; secondipity.com that provides consumers a source of products through donating a portion of the proceeds of sale to charity; and machinio.com, a search engine for used machinery and equipment. The company's marketplaces provide professional buyers access to supply of new, surplus, and scrap assets presented with digital images and other product information; and enables corporate and government sellers to enhance their financial return on assets by providing a liquid marketplace and value-added services. It offers products from industry verticals, such as consumer electronics, general merchandise, apparel, scientific equipment, aerospace parts and equipment, technology hardware, energy equipment, industrial capital assets, fleet and transportation equipment, and heavy and specialty equipment. The company was founded in 1999 and is headquartered in Bethesda, Maryland.
IPO Year: 2006
Exchange: NASDAQ
Website: liquidityservices.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 6/27/2022 | $28.00 | Buy | Craig Hallum |
BETHESDA, Md., Nov. 04, 2024 (GLOBE NEWSWIRE) -- Liquidity Services (NASDAQ:LQDT), a leading global commerce company powering the circular economy, today announced that it expects to report its fourth quarter fiscal year 2024 results prior to market open on Thursday, December 12, 2024. Bill Angrick, Chairman and CEO, and Jorge Celaya, EVP and CFO, will then host a conference call to review the results at 10:30 AM Eastern Time. To participate in the conference call, please register here to receive the dial-in number and unique conference pin. A listen-only live webcast of the conference call will also be provided on the Company's investor relations site. An archive of the webcast will be
BETHESDA, Md., Sept. 04, 2024 (GLOBE NEWSWIRE) -- Liquidity Services (NASDAQ:LQDT), a leading global commerce company powering the circular economy, has been selected by one of the largest oil and gas exploration and production companies in the U.S. to sell more than 30 Cameron, Watson Corsair, Rig Works, and Franks workover rigs and associated surplus assets in West Texas. The rigs are available through a sealed bid event that runs until September 12th, 2024 at 5:00 pm EDT on AllSurplus.com, the leading online marketplace for surplus business assets. "Liquidity Services' extensive global market reach and competitive bidding platform will ensure these assets continue to operate, reducing
BETHESDA, Md., Aug. 28, 2024 (GLOBE NEWSWIRE) -- Liquidity Services (NASDAQ:LQDT), a leading global commerce company powering the circular economy, today announced the sealed bid auction of energy surplus assets for a leading integrated oil and gas partner. Three unused, uninstalled ANGI compressed natural gas (CNG) refueling stations are currently available until 6:00 pm EDT on September 12, 2024 on AllSurplus.com, the leading online marketplace for surplus business assets. "This is a unique opportunity for current fuel or CNG station operators, fleet operators, or companies looking to enter the CNG fueling station business to bypass lengthy equipment delivery times and be up and operati
BETHESDA, Md., Aug. 26, 2024 (GLOBE NEWSWIRE) -- Liquidity Services (NASDAQ:LQDT), a leading global commerce company powering the circular economy, has partnered with Aaron Industrial Solutions (AIS), a global equipment auction, liquidation, and asset management company, to sell unused assets and equipment on behalf of a global leader in industrial, process, and specialty gases. The sale, which marks the first of a series of sales for the global energy leader in China, contains more than 60 unused Sumimoto cryogenic aluminum brazed fin heat exchangers designed for various services, which are currently available until 4:00 am EDT on August 31, 2024 on AllSurplus.com, the leading online mark
BETHESDA, Md., Aug. 23, 2024 (GLOBE NEWSWIRE) -- Liquidity Services (NASDAQ:LQDT), a leading global commerce company powering the circular economy and Tiger Group, a major asset valuation, advisory and disposition services provider, have announced the fifth auction in a series of court-ordered auctions related to the bankruptcy of national energy services firm El Dorado Gas & Oil (Bankruptcy Case No. 23-51715). More than 230 energy assets based in Three Rivers, Texas are currently available until August 28, 2024 on AllSurplus.com. "The bankruptcy liquidation of El Dorado Gas & Oil's estate assets has been managed by Liquidity Services and Tiger Group since mid-July, and has proven to
BETHESDA, Md., Aug. 14, 2024 (GLOBE NEWSWIRE) -- Liquidity Services (NASDAQ:LQDT), a leading global commerce company powering the circular economy, today announced that Bill Angrick, Co-Founder, Chairman, and CEO, will present at the 15th Annual Midwest IDEAS Conference on August 28, 2024, with one-on-one meetings held throughout the day. The presentation by Mr. Angrick will be available for viewing at the IDEAS conference page beginning at 10:15 am ET, with a playback available through the Liquidity Services Investor page following the event. About Liquidity Services Liquidity Services (NASDAQ:LQDT) operates the world's largest B2B e-commerce marketplace platform for surplus assets with
MILFORD, Pa., Aug. 13, 2024 (GLOBE NEWSWIRE) -- The Pike County, Pennsylvania sheriff's office has selected Bid4Assets, the leading online marketplace for government for conducting virtual, public real estate auctions, to host their first-ever online sheriff's sales. "Utilizing the technology now available to sheriff's offices across the state to take our foreclosures online is the right move for our county," said Pike County Sheriff Kerry Welsh. "The simple fact is this opens bidding up to more residents and makes it easier for citizens of Pike County to bid on foreclosed property." Bid4Assets was founded in 1999 and has been auctioning federally forfeited and seized properties
BETHESDA, Md., Aug. 08, 2024 (GLOBE NEWSWIRE) -- Liquidity Services (NASDAQ:LQDT, www.liquidityservices.com))), a leading global commerce company powering the circular economy, today announced its financial results for the quarter ended June 30, 2024, as compared to the corresponding prior year quarter: Record Gross Merchandise Volume (GMV) of $380.4 million, up 14%, and Revenue of $93.6 million, up 16%Highest quarterly GAAP Net Income in Fiscal Year 2024 of $6.0 million, down $0.5 million1, and GAAP Diluted Earnings Per Share (EPS) of $0.19, down $0.021Highest quarterly Non-GAAP Adjusted EBITDA in 10 years of $14.7 million, up $1.4 million, and Non-GAAP Adjusted EPS of $0.30, up $0
BETHESDA, Md., Aug. 05, 2024 (GLOBE NEWSWIRE) -- Liquidity Services (NASDAQ:LQDT), a leading global commerce company powering the circular economy, has partnered with Tiger Group, a major asset valuation, advisory and disposition services provider, to sell energy equipment and related assets on behalf of national energy services firm El Dorado Gas & Oil, Inc as part of a series of court-ordered online auctions related to the organization's bankruptcy (Bankruptcy Case No. 23-51715). More than 300 energy assets based in Alice, Texas and Tilden, Texas are currently available until August 13, 2024 on AllSurplus.com. "This online auction represents a strong opportunity for oilfield and well se
VINELAND, N.J., July 30, 2024 (GLOBE NEWSWIRE) -- The City of Vineland, New Jersey has recently reached the milestone of over $1 million in surplus property auction sales conducted on GovDeals, the leading online auction marketplace for government agencies, educational institutions, and related agencies to sell surplus assets. According to Jeanine N. Meneghettie, the city's Qualified Purchasing Officer, "Reallocating surplus assets and transforming them into additional resources for serving our community is a primary responsibility and we take it seriously. What GovDeals provides is a way for us to reach a more extensive network of buyers and to maximize the value we can achieve on thos
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BETHESDA, Md., Feb. 02, 2023 (GLOBE NEWSWIRE) -- Liquidity Services (NASDAQ:LQDT, www.liquidityservices.com))), a global solution provider in the reverse supply chain with the world's largest marketplace for business surplus, today made the following announcements with respect to its board of directors consistent with its long-range succession planning. Patrick W. Gross is retiring from the company's board of directors, effective February 1, 2023, after 22 years of dedicated service, consistent with the company's succession plan to accommodate the onboarding of new directors. Mr. Gross joined the company's board in February 2001 and has been the Lead Director since 2013. Mr. Gross s
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Craig Hallum initiated coverage of Liquidity Services with a rating of Buy and set a new price target of $28.00
Barrington Research reiterated coverage of Liquidity Services with a rating of Outperform and set a new price target of $25.00 from $20.00 previously
BETHESDA, Md., Nov. 04, 2024 (GLOBE NEWSWIRE) -- Liquidity Services (NASDAQ:LQDT), a leading global commerce company powering the circular economy, today announced that it expects to report its fourth quarter fiscal year 2024 results prior to market open on Thursday, December 12, 2024. Bill Angrick, Chairman and CEO, and Jorge Celaya, EVP and CFO, will then host a conference call to review the results at 10:30 AM Eastern Time. To participate in the conference call, please register here to receive the dial-in number and unique conference pin. A listen-only live webcast of the conference call will also be provided on the Company's investor relations site. An archive of the webcast will be
BETHESDA, Md., Aug. 08, 2024 (GLOBE NEWSWIRE) -- Liquidity Services (NASDAQ:LQDT, www.liquidityservices.com))), a leading global commerce company powering the circular economy, today announced its financial results for the quarter ended June 30, 2024, as compared to the corresponding prior year quarter: Record Gross Merchandise Volume (GMV) of $380.4 million, up 14%, and Revenue of $93.6 million, up 16%Highest quarterly GAAP Net Income in Fiscal Year 2024 of $6.0 million, down $0.5 million1, and GAAP Diluted Earnings Per Share (EPS) of $0.19, down $0.021Highest quarterly Non-GAAP Adjusted EBITDA in 10 years of $14.7 million, up $1.4 million, and Non-GAAP Adjusted EPS of $0.30, up $0
BETHESDA, Md., July 09, 2024 (GLOBE NEWSWIRE) -- Liquidity Services (NASDAQ:LQDT), a leading global commerce company powering the circular economy, today announced that it expects to report its third quarter fiscal year 2024 results prior to market open on Thursday, August 8, 2024. Bill Angrick, Chairman and CEO, and Jorge Celaya, EVP and CFO, will then host a conference call to review the results at 10:30 AM Eastern Time. To participate in the conference call, please register here to receive the dial-in number and unique conference pin. A listen-only live webcast of the conference call will also be provided on the Company's investor relations site. An archive of the webcast will be avai
Market Share Expansion Drives Double Digit Organic GMV Growth and Record Transaction Volumes GAAP Net Income up 35%, Non-GAAP Adjusted EBITDA up 22% BETHESDA, Md., May 09, 2024 (GLOBE NEWSWIRE) -- Liquidity Services (NASDAQ:LQDT, www.liquidityservices.com))), a leading global commerce company powering the circular economy, today announced its financial results for the quarter ended March 31, 2024, as compared to the corresponding prior year quarter: Gross Merchandise Volume (GMV) of $319.4 million, up 13%, and Revenue of $91.5 million, up 12%GAAP Net Income of $5.7 million, up 35%, and GAAP Diluted Earnings Per Share (EPS) of $0.18, up 38%Non-GAAP Adjusted EBITDA of $12.1 million, up $2
BETHESDA, Md., April 02, 2024 (GLOBE NEWSWIRE) -- Liquidity Services (NASDAQ:LQDT), a leading global commerce company powering the circular economy, today announced that it expects to report its second quarter fiscal year 2024 results prior to market open on Thursday, May 9, 2024. Bill Angrick, Chairman and CEO, and Jorge Celaya, EVP and CFO, will then host a conference call to review the results at 10:30 AM Eastern Time. To participate in the conference call, please register here to receive the dial-in number and unique conference pin. A listen-only live webcast of the conference call will also be provided on the Company's investor relations site. An archive of the webcast will be avail
GMV Growth led by Public Sector and Industrial ClientsDouble Digit Growth in Auction Participants Delivers Strong Recovery for Clients BETHESDA, Md., Feb. 08, 2024 (GLOBE NEWSWIRE) -- Liquidity Services (NASDAQ:LQDT, www.liquidityservices.com))), a leading global commerce company powering the circular economy, today announced its financial results for the quarter ended December 31, 2023, as compared to the corresponding prior year quarter: Gross Merchandise Volume (GMV) of $305.9 million, up 13%, and Revenue of $71.3 million, down 1%GAAP Net Income of $1.9 million, down $2.1 million, and GAAP Diluted Earnings Per Share (EPS) of $0.06, down $0.06Non-GAAP Adjusted EBITDA of $7.3 million, d
BETHESDA, Md., Jan. 04, 2024 (GLOBE NEWSWIRE) -- Liquidity Services (NASDAQ:LQDT), a leading global commerce company powering the circular economy, today announced that it expects to report its first quarter fiscal year 2024 results prior to market open on Thursday, February 8, 2024. Bill Angrick, Chairman and CEO, and Jorge Celaya, EVP and CFO, will then host a conference call to review the results at 10:30 AM Eastern Time. To participate in the conference call, please register here to receive the dial-in number and unique conference pin. A listen-only live webcast of the conference call will also be provided on the Company's investor relations site. An archive of the webcast will be av
BETHESDA, Md., Jan. 03, 2024 (GLOBE NEWSWIRE) -- Liquidity Services, Inc. (NASDAQ:LQDT), a leading global commerce company powering the circular economy, today announced it has acquired Sierra Auction, a full-service auction company specializing in the sale of vehicles, equipment and surplus assets for government agencies, commercial businesses, and charities. Sierra hosts the largest weekly public online auctions in Arizona. The transaction accelerates Liquidity Services' penetration of the southwest US market for municipal government surplus and expands the size of Liquidity Services' overall transportation and used equipment footprint. Established in 1986 in Phoenix, AZ, Sierra Auction
BETHESDA, Md., Dec. 07, 2023 (GLOBE NEWSWIRE) -- Liquidity Services (NASDAQ:LQDT, www.liquidityservices.com))), a leading global commerce company powering the circular economy, today announced the following financial results as of the quarter ended September 30, 2023, as compared to the applicable prior year periods: Gross Merchandise Volume (GMV) of $315.6 million, up 11%, and Revenue of $80.0 million, up 6%GAAP Net Income of $6.3 million1 and GAAP Diluted Earnings Per Share (EPS) of $0.201Non-GAAP Adjusted EBITDA of $12.8 million, up $0.5 million, and Non-GAAP Adjusted Diluted EPS of $0.26, up 37%Cash balances of $118.2 million2 with zero financial debt "We concluded our fiscal year wi
BETHESDA, Md., Oct. 24, 2023 (GLOBE NEWSWIRE) -- Liquidity Services (NASDAQ:LQDT), a leading global commerce company powering the circular economy, today announced that it expects to report its fourth quarter fiscal year 2023 results prior to market open on Thursday, December 7, 2023. Bill Angrick, Chairman and CEO, and Jorge Celaya, EVP and CFO, will then host a conference call to review the results at 10:30 AM Eastern Time. To participate in the conference call, please register here to receive the dial-in number and unique conference pin. A listen-only live webcast of the conference call will also be provided on the Company's investor relations site. An archive of the web cast will be
Liquidity Services (NASDAQ:LQDT) underwent analysis by 4 analysts in the last quarter, revealing a spectrum of viewpoints from bullish to bearish. The table below provides a concise overview of recent ratings by analysts, offering insights into the changing sentiments over the past 30 days and drawing comparisons with the preceding months for a holistic perspective. Bullish Somewhat Bullish Indifferent Somewhat Bearish Bearish Total Ratings 0 4 0 0 0 Last 30D 0 1 0 0 0 1M Ago 0 3 0 0 0 2M Ago 0 0 0 0 0 3M Ago 0 0 0 0 0 Analysts provide deeper insights through their assessments of 12-month price targets, revealing an average target of $27.0, a high estimate of $27.00, and
Barrington Research analyst Gary Prestopino maintains Liquidity Services (NASDAQ:LQDT) with a Outperform and maintains $27 price target.
Barrington Research analyst Gary Prestopino maintains Liquidity Services (NASDAQ:LQDT) with a Outperform and maintains $27 price target.
Our Q3-FY24 guidance is as follows: GMV - We expect GMV to range from $350 million to $385 million. GAAP Net Income - We expect GAAP Net Income to range from $3.5 million to $6.5 million. GAAP Diluted EPS - We expect GAAP Diluted EPS to range from $0.11 to $0.21. Non-GAAP Adjusted EBITDA -We expect Non-GAAP Adjusted EBITDA to range from $10.5 million to $13.5 million. Non-GAAP Adjusted Diluted EPS - We expect Non-GAAP Adjusted EPS to range from $0.20 to $0.28.
Liquidity Services (NASDAQ:LQDT) reported quarterly earnings of $0.27 per share which beat the analyst consensus estimate of $0.21 by 28.57 percent. The company reported quarterly sales of $91.453 million which beat the analyst consensus estimate of $79.200 million by 15.47 percent. This is a 12.28 percent increase over sales of $81.453 million the same period last year.
Barrington Research analyst Gary Prestopino maintains Liquidity Services (NASDAQ:LQDT) with a Outperform and maintains $27 price target.
Barrington Research analyst Gary Prestopino reiterates Liquidity Services (NASDAQ:LQDT) with a Outperform and maintains $27 price target.
Barrington Research analyst Gary Prestopino reiterates Liquidity Services (NASDAQ:LQDT) with a Outperform and maintains $27 price target.
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