CarLotz is a used vehicle consignment and Retail Remarketing™ business that provides our corporate vehicle sourcing partners and retail sellers of used vehicles with the ability to access the previously unavailable retail sales channel, while simultaneously providing buyers with prices that are, on average, below those of traditional dealerships. Its mission is to create the world's greatest vehicle buying and selling experience. The Company operates a technology-enabled buying, sourcing and selling model that offers a seamless omni-channel experience and comprehensive selection of vehicles, while allowing for a fully contactless end-to-ende-commerce interface that enables no hassle buying and selling.
Company profile
Ticker
LOTZ
Exchange
Website
CEO
Luis Ignacio Solorzano Aizpuru
Employees
Incorporated
Location
Fiscal year end
Sector
Industry (SIC)
Former names
Acamar Partners Acquisition Corp.
SEC CIK
Corporate docs
Subsidiaries
CarLotz Group, Inc. • Orange Grove Fleet Solutions, LLC • Orange Peel, LLC • Orange Peel Reinsurance Company, Ltd. • Orange Peel Protection Reinsurance, Ltd. • CarLotz Nevada, LLC • CarLotz California, LLC ...
IRS number
832456129
LOTZ stock data
Latest filings (excl ownership)
15-12G
Securities registration termination
19 Dec 22
EFFECT
Notice of effectiveness
14 Dec 22
EFFECT
Notice of effectiveness
14 Dec 22
S-8 POS
Registration of securities for employees (post-effective amendment)
9 Dec 22
S-8 POS
Registration of securities for employees (post-effective amendment)
9 Dec 22
S-8 POS
Registration of securities for employees (post-effective amendment)
9 Dec 22
POS AM
Prospectus update (post-effective amendment)
9 Dec 22
POS AM
Prospectus update (post-effective amendment)
9 Dec 22
8-K
Shift Closes Merger with CarLotz, Creating a Differentiated Used Omnichannel Auto Retailer, and Announces Shift Board of Directors Changes
9 Dec 22
25-NSE
Exchange delisting
9 Dec 22
Latest ownership filings
Financial summary
| Quarter (USD) | Sep 22 | Jun 22 | Mar 22 | Dec 21 | |
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| Diluted EPS |
| Annual (USD) | Dec 21 | Dec 20 | Dec 19 | |
|---|---|---|---|---|
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| Diluted EPS |
| Cash burn rate (est.) | Burn method: Change in cash | Burn method: Operating income | Burn method: FCF (opex + capex) | Last Q | Avg 4Q | Last Q | Avg 4Q | Last Q | Avg 4Q |
|---|---|---|---|---|---|---|
| Cash on hand (at last report) | 88.86 mm | 88.86 mm | 88.86 mm | 88.86 mm | 88.86 mm | 88.86 mm |
| Cash burn (monthly) | (no burn) | (no burn) | 8.55 mm | 10.56 mm | (no burn) | 3.97 mm |
| Cash used (since last report) | n/a | n/a | 51.43 mm | 63.46 mm | n/a | 23.85 mm |
| Cash remaining | n/a | n/a | 37.43 mm | 25.40 mm | n/a | 65.01 mm |
| Runway (months of cash) | n/a | n/a | 4.4 | 2.4 | n/a | 16.4 |
Institutional ownership, Q4 2022
0.6% owned by funds/institutions
| 13F holders | Current |
|---|---|
| Total holders | 1 |
| Opened positions | 0 |
| Closed positions | 65 |
| Increased positions | 0 |
| Reduced positions | 0 |
| 13F shares | Current |
|---|---|
| Total value | 0.00 |
| Total shares | 746.46 k |
| Total puts | 0.00 |
| Total calls | 0.00 |
| Total put/call ratio | – |
| Largest owners | Shares | Value |
|---|---|---|
| MFC Manulife Financial | 746.46 k | $0.00 |
| Tremblant Capital | 0.00 | $0.00 |
| TRP Capital Partners | 0.00 | $0.00 |
Recent insider trades
| Date | Owner | Security | Transaction | Code | Indirect | 10b5-1 | $Price | #Shares | $Value | #Remaining |
|---|---|---|---|---|---|---|---|---|---|---|
| 9 Dec 22 | TRP Capital Partners | Class A Common Stock | Sale back to company | Dispose D | No | No | 0 | 21,739,678 | 0.00 | 0 |
| 9 Dec 22 | TRP Capital Partners | Class A Common Stock | Sale back to company | Dispose D | Yes | No | 0 | 495,428 | 0.00 | 0 |
| 9 Dec 22 | TRP Capital Partners | Class A Common Stock | Option exercise | Acquire M | Yes | No | 0 | 435,330 | 0.00 | 495,428 |
| 9 Dec 22 | TRP Capital Partners | RSU Class A Common Stock | Option exercise | Dispose M | Yes | No | 0 | 435,330 | 0.00 | 0 |
| 9 Dec 22 | David R Mitchell | Class A Common Stock | Sale back to company | Dispose D | Yes | No | 0 | 21,799,776 | 0.00 | 0 |
| 9 Dec 22 | David R Mitchell | RSU Class A Common Stock | Sale back to company | Dispose D | Yes | No | 0 | 435,330 | 0.00 | 0 |
| 9 Dec 22 | Eugene Kovshilovsky | RSU Class A Common Stock | Sale back to company | Dispose D | No | No | 0 | 500,000 | 0.00 | 0 |
| 9 Dec 22 | Eugene Kovshilovsky | RSU Class A Common Stock | Sale back to company | Dispose D | No | No | 0 | 600,000 | 0.00 | 0 |
| 9 Dec 22 | Elizabeth Sanders | Class A Common Stock | Sale back to company | Dispose D | No | No | 0 | 969 | 0.00 | 0 |
| 9 Dec 22 | Elizabeth Sanders | Stock Option Class A Common Stock | Sale back to company | Dispose D | No | No | 1.68 | 145,823 | 244.98 k | 0 |