CarLotz, Inc. (NASDAQ:LOTZ – Get Rating) – William Blair boosted their FY2022 earnings per share estimates for CarLotz in a report issued on Wednesday, April 27th. William Blair analyst S. Zackfia now expects that the company will post earnings of ($0.92) per share for the year, up from their prior forecast of ($0.93). William Blair also issued estimates for CarLotz’s Q4 2022 earnings at ($0.22) EPS and FY2023 earnings at ($0.90) EPS.
CarLotz (NASDAQ:LOTZ – Get Rating) last released its quarterly earnings data on Tuesday, March 15th. The company reported ($0.12) earnings per share for the quarter, beating 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 company had revenue of $83.11 million for the quarter, compared to the consensus estimate of $70.42 million. During the same quarter last year, the business posted ($1.30) EPS.
Shares of LOTZ opened at $0.89 on Monday. The company has a market capitalization of $101.30 million, a PE ratio of -2.47 and a beta of 0.11. CarLotz has a 12 month low of $0.88 and a 12 month high of $7.84. The stock’s 50-day moving average price is $1.43 and its two-hundred day moving average price is $2.28. The company has a current ratio of 5.01, a quick ratio of 4.19 and a debt-to-equity ratio of 0.06.
Institutional investors have recently modified their holdings of the stock. Dupont Capital Management Corp raised its holdings in shares of CarLotz by 60.4% in the first quarter. Dupont Capital Management Corp now owns 147,823 shares of the company’s stock valued at $203,000 after purchasing an additional 55,654 shares during the last quarter. BlackRock Inc. grew its stake in CarLotz by 1.4% in the 4th quarter. BlackRock Inc. now owns 4,961,454 shares of the company’s stock valued at $11,263,000 after purchasing an additional 67,798 shares during the period. Wells Fargo & Company MN increased its position in shares of CarLotz by 3,006.3% during 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. Goldman Sachs Group Inc. boosted its holdings in shares of CarLotz by 294.8% in the 4th quarter. Goldman Sachs Group Inc. now owns 169,142 shares of the company’s stock worth $384,000 after buying an additional 126,302 shares during the last quarter. Finally, Virtu Financial LLC bought a new position in CarLotz during the fourth quarter valued at about $273,000. 25.85% of the stock is owned by institutional investors and hedge funds.
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.
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