Wall Street analysts expect CarLotz, Inc. (NASDAQ:LOTZ – Get Rating) to post $73.39 million in sales for the current fiscal quarter, according to Zacks. Two analysts have made estimates for CarLotz’s earnings. The highest sales estimate is $76.57 million and the lowest is $70.20 million. CarLotz posted sales of $56.61 million in the same quarter last year, which would indicate a positive year-over-year growth rate of 29.6%. The business is expected to report its next quarterly earnings results after the market closes on Monday, January 1st.
According to Zacks, analysts expect that CarLotz will report full year sales of $306.45 million for the current financial year, with estimates ranging from $297.60 million to $315.29 million. For the next year, analysts anticipate that the company will post sales of $359.04 million, with estimates ranging from $328.88 million to $389.20 million. Zacks Investment Research’s sales calculations are a mean average based on a survey of research analysts that that provide coverage for CarLotz.
CarLotz (NASDAQ:LOTZ – Get Rating) last released its earnings results on Tuesday, March 15th. The company reported ($0.12) EPS for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.16) by $0.04. CarLotz had a negative return on equity of 35.21% and a negative net margin of 15.43%. The firm had revenue of $83.11 million during the quarter, compared to analysts’ expectations of $70.42 million. During the same period in the previous year, the firm posted ($1.30) EPS.
NASDAQ:LOTZ opened at $0.89 on Friday. The stock has a 50-day simple moving average of $1.43 and a 200-day simple moving average of $2.29. The stock has a market cap of $101.30 million, a P/E ratio of -2.47 and a beta of 0.11. CarLotz has a 1 year low of $0.88 and a 1 year high of $7.84. The company has a debt-to-equity ratio of 0.06, a quick ratio of 4.19 and a current ratio of 5.01.
Several hedge funds have recently modified their holdings of LOTZ. Invesco Ltd. increased its stake in CarLotz by 27.4% in the 3rd quarter. Invesco Ltd. now owns 22,395 shares of the company’s stock valued at $86,000 after purchasing an additional 4,810 shares in the last quarter. Dupont Capital Management Corp grew its position in shares of CarLotz by 6.2% in the fourth quarter. Dupont Capital Management Corp now owns 92,169 shares of the company’s stock valued at $209,000 after purchasing an additional 5,384 shares during the period. Wells Fargo & Company MN grew its position in shares of CarLotz by 23.6% in the second quarter. Wells Fargo & Company MN now owns 30,700 shares of the company’s stock valued at $168,000 after purchasing an additional 5,860 shares during the period. Envestnet Asset Management Inc. grew its position in shares of CarLotz by 36.4% in the fourth quarter. Envestnet Asset Management Inc. now owns 30,288 shares of the company’s stock valued at $69,000 after purchasing an additional 8,082 shares during the period. Finally, Citigroup Inc. grew its position in shares of CarLotz by 245.1% in the third quarter. Citigroup Inc. now owns 11,469 shares of the company’s stock valued at $44,000 after purchasing an additional 8,146 shares during the period. 25.85% of the stock is owned by institutional investors and hedge funds.
About CarLotz (Get Rating)
CarLotz, Inc operates as a consignment-to-retail used vehicle marketplace that provides its corporate vehicle sourcing partners and retail sellers of used vehicles. The company serves corporate vehicle sourcing partners, which include fleet leasing companies, vehicle rental companies, banks, finance companies, third-party remarketers, wholesalers, corporations managing their own fleets, and original equipment manufacturers; retail sellers of used vehicles to individuals; and retail customers.
- Get a free copy of the StockNews.com research report on CarLotz (LOTZ)
- Why is Chevron Stock Falling After Strong Earnings?
- MarketBeat: Week in Review 4/25 – 4/29
- Apple’s Numbers Complete Trifecta
- Rogers Communication Stock Should Be Launching Higher
- Iridium Communications Stock is Ready to Return to Orbit
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for CarLotz Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for CarLotz and related companies with MarketBeat.com's FREE daily email newsletter.