Previous Close | 0.6000 |
Open | 0.6254 |
Bid | 0.5580 x 1800 |
Ask | 0.5720 x 800 |
Day's Range | 0.5280 - 0.6389 |
52 Week Range | 0.3760 - 4.7500 |
Volume | |
Avg. Volume | 2,666,720 |
Market Cap | 65.438M |
Beta (5Y Monthly) | 0.63 |
PE Ratio (TTM) | N/A |
EPS (TTM) | -0.7630 |
Earnings Date | Mar 14, 2022 - Mar 18, 2022 |
Forward Dividend & Yield | N/A (N/A) |
Ex-Dividend Date | 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.