CarLotz (NASDAQ:LOTZ) Trading 5.9% Higher

Shares of CarLotz, Inc. (NASDAQ:LOTZ) traded up 5.9% during mid-day trading on Friday . The company traded as high as $5.18 and last traded at $5.18. 13,100 shares changed hands during trading, a decline of 100% from the average session volume of 4,921,413 shares. The stock had previously closed at $4.89.

A number of equities analysts have recently issued reports on the stock. William Blair assumed coverage on shares of CarLotz in a research report on Tuesday, February 16th. They set an “outperform” rating on the stock. Barrington Research initiated coverage on shares of CarLotz in a research report on Monday, March 29th. They set an “outperform” rating and a $22.00 target price on the stock. Finally, Zacks Investment Research lowered shares of CarLotz from a “hold” rating to a “sell” rating in a report on Wednesday, April 21st.

The stock’s fifty day moving average is $7.32.

CarLotz (NASDAQ:LOTZ) last announced its quarterly earnings data on Sunday, March 14th. The company reported ($1.30) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.02) by ($1.28). The company had revenue of $37.04 million for the quarter, compared to analyst estimates of $32.00 million.

A number of large investors have recently modified their holdings of the business. Weiss Multi Strategy Advisers LLC bought a new stake in CarLotz in the first quarter valued at approximately $354,000. Clearstead Advisors LLC bought a new stake in CarLotz in the first quarter valued at approximately $363,000. Quantbot Technologies LP bought a new stake in CarLotz in the first quarter valued at approximately $227,000. PEAK6 Investments LLC bought a new stake in CarLotz in the first quarter valued at approximately $90,000. Finally, Vantis Investment Advisers L.P. bought a new stake in CarLotz in the first quarter valued at approximately $624,000.

CarLotz Company Profile (NASDAQ:LOTZ)

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, rental car companies, banks, captive finance companies, third-party remarketers, wholesalers, companies that manage their own fleets, and original equipment manufacturers; retail sellers of used vehicles to individuals; and retail customers.

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