News & Videos - CARLOTZ INC. - English

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...

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...

Third Quarter Revenue of $50.8 million Third Quarter Retail Unit Sales of 1,375 Third 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 2021 Retail unit...

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...

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...

Merger will create a leading omnichannel auto retailer Combination of complementary geographic footprints, with Shift’s strong presence on the West Coast and CarLotz’s retail stores in the mid-Atlantic region Upon 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...

Second Quarter Revenue Grew 51% versus Last Year to $76.5 million Second Quarter Retail Unit Sales of 2,421 Second 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...

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...

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...

RICHMOND, Va., July 05, 2022 (GLOBE NEWSWIRE) -- CarLotz, Inc. (the “Company” or “CarLotz”; NASDAQ: LOTZ), a leading consignment-to-retail used vehicle marketplace, is pleased to announce that, effective as of July 1, 2022, it has appointed Nanxi Liu as a director to the Board of Directors (“Board”) of CarLotz. Nanxi Liu currently serves as Co-CEO of Blaze Technology, Inc., a unique platform enabling companies to develop software applications with no-code/low-code which she...

RICHMOND, Va., June 21, 2022 (GLOBE NEWSWIRE) -- CarLotz, Inc. (the “Company” or “CarLotz”; NASDAQ: LOTZ), a leading consignment-to-retail used vehicle marketplace, today announced the closure of 11 dealership stores, or “hubs,” as part of a strategic review of the business, with cash preservation and future profitable growth as key determining factors. In addition, three locations with executed leases will not be opened. The Company will focus on growing the remaining hubs which it...

RICHMOND, Va., May 18, 2022 (GLOBE NEWSWIRE) -- CarLotz, Inc. (the “Company” or “CarLotz”; NASDAQ: LOTZ), the nation’s largest consignment-to-retail used vehicle marketplace, announced today that the Company’s Compensation Committee has granted equity inducement awards of Class A common stock to three new executive employees and three new non-executive employees in connection with their joining the Company. The Company granted 3,500,000 restricted stock units and 3,500,000...

First Quarter Revenue Grew 11% versus Last Year to $63.0 million First Quarter Retail Unit Sales of 2,270 First 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...

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...

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...

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...

Fourth Quarter Revenue Grew 124% versus Last Year to $83.1 million Fourth Quarter Retail Unit Sales Grew 49% versus Last Year to 2,695 Fourth 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...

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...

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 2020 Retail...

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...