|Bid||1.2000 x 4000|
|Ask||1.2500 x 1400|
|Day's Range||1.1600 - 1.2800|
|52 Week Range||0.6030 - 8.3900|
|Beta (5Y Monthly)||1.59|
|PE Ratio (TTM)||N/A|
|Earnings Date||Nov 09, 2022 - Nov 14, 2022|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||4.90|
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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.
Joining me on the call today is CEO, George Arison; president, Jeff Clementz; and our CFO, Oded Shein. During our remarks, we will make some forward-looking statements, which represent our current judgment on what the future may hold. Actual outcomes and results may differ materially from what is expressed or implied in any forward-looking statement.