-$0.20 EPS Expected for CarLotz, Inc. (NASDAQ:LOTZ) This Quarter

Analysts expect CarLotz, Inc. (NASDAQ:LOTZGet Rating) to post earnings of ($0.20) per share for the current fiscal quarter, according to Zacks. Two analysts have issued estimates for CarLotz’s earnings. The lowest EPS estimate is ($0.26) and the highest is ($0.13). CarLotz reported earnings of ($0.15) per share during the same quarter last year, which indicates a negative year-over-year growth rate of 33.3%. The business is scheduled to announce its next quarterly earnings results after the market closes on Monday, January 1st.

According to Zacks, analysts expect that CarLotz will report full-year earnings of ($0.64) per share for the current financial year, with EPS estimates ranging from ($0.92) to ($0.35). For the next financial year, analysts expect that the firm will post earnings of ($0.60) per share, with EPS estimates ranging from ($0.90) to ($0.30). Zacks Investment Research’s EPS calculations are an average based on a survey of research analysts that cover CarLotz.

CarLotz (NASDAQ:LOTZGet Rating) last announced its earnings results on Tuesday, March 15th. The company reported ($0.12) EPS for the quarter, beating analysts’ consensus estimates 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 for the quarter, compared to analysts’ expectations of $70.42 million. During the same quarter in the prior year, the firm earned ($1.30) EPS.

LOTZ has been the topic of a number of recent research reports. Deutsche Bank Aktiengesellschaft reduced their target price on shares of CarLotz from $6.00 to $3.00 and set a “hold” rating on the stock in a report on Wednesday, March 16th. Zacks Investment Research upgraded shares of CarLotz from a “sell” rating to a “hold” rating in a research report on Tuesday, March 22nd.

Several hedge funds and other institutional investors have recently bought and sold shares of LOTZ. Rubric Capital Management LP purchased a new position in shares of CarLotz during the 4th quarter worth about $3,421,000. BlackRock Inc. raised its stake in CarLotz by 37.8% during the third quarter. BlackRock Inc. now owns 4,893,656 shares of the company’s stock worth $18,643,000 after purchasing an additional 1,342,527 shares during the period. Wells Fargo & Company MN boosted its holdings in shares of CarLotz by 3,006.3% in the 4th quarter. Wells Fargo & Company MN now owns 502,757 shares of the company’s stock valued at $1,141,000 after purchasing an additional 486,572 shares during the last quarter. Deutsche Bank AG grew its stake in shares of CarLotz by 1,148.2% during the 4th quarter. Deutsche Bank AG now owns 513,945 shares of the company’s stock valued at $1,167,000 after buying an additional 472,771 shares during the period. Finally, Point72 Asset Management L.P. acquired a new stake in shares of CarLotz during the 4th quarter worth $947,000. 40.72% of the stock is owned by institutional investors.

LOTZ opened at $0.89 on Friday. The business’s fifty day simple moving average is $1.43 and its 200 day simple moving average is $2.28. CarLotz has a 52 week low of $0.88 and a 52 week high of $7.84. The company has a quick ratio of 4.19, a current ratio of 5.01 and a debt-to-equity ratio of 0.06.

CarLotz Company Profile (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.

Further Reading

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Earnings History and Estimates for CarLotz (NASDAQ:LOTZ)

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