|Bid||0.5580 x 1800|
|Ask||0.5720 x 800|
|Day's Range||0.5280 - 0.6389|
|52 Week Range||0.3760 - 4.7500|
|Beta (5Y Monthly)||0.63|
|PE Ratio (TTM)||N/A|
|Earnings Date||Mar 14, 2022 - Mar 18, 2022|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||2.00|
CarLotz (LOTZ) and Shift Technologies ink deal to form a differentiated omni-channel retailer to bolster profitability. CarLotz will downsize its workforce and the number of hubs.
Online used-car seller Shift Technologies Inc. is closing its Sacramento maintenance hub by the end of this year, along with six others, as a cost-cutting measure.
CarLotz Inc. (NASDAQ: LOTZ), a Richmond used car company that’s struggled amid a tight market, said Tuesday it has agreed to combine with San Francisco’s Shift Technologies Inc. (NASDAQ: SFT) in an all-stock merger. CarLotz started as a local startup and sells used vehicles on a consignment as opposed to a commission model. CarLotz shareholders are expected to receive about 0.69 shares of Shift common stock for each CarLotz share they own, the companies said.