shift is the easiest way for people to buy and sell used cars in the peer-to-peer market. our knowledgeable car enthusiasts act as a personal, full-service concierge helping throughout each and every step of the selling or buying process. for our sellers, we help sell their car for the best price possible without any of the hassle. this includes our team detailing the car, listing it on multiple sites, answering all inquiries, handling test drives, and finding serious buyers. when local buyers are interested in seeing the car, they can request a no-obligation test drive and we’ll deliver the car right to their doorstep. all shift cars pass a rigorous, 200-point inspection and come with a seven day money-back guarantee. ultimately, our goal is to transform this burdensome life event into a delightful experience, bringing trust and simplicity to the peer-to-peer used car market.
Company profile
Ticker
SFTGQ
Exchange
Website
CEO
Irakly George Areshidze Arison / Toby Russell
Employees
Incorporated
Location
Fiscal year end
Industry (SIC)
Former names
Insurance Acquisition Corp.
SEC CIK
Corporate docs
Subsidiaries
Shift Platform, Inc. • Shift Operations LLC • Shift Finance, LLC • Shift Transportation LLC • Shift Insurance Services LLC • Shift Marketplace Holdings, LLC • Shift Marketplace, LLC • Fair Dealer Services, LLC • CarLotz, Inc. • CarLotz Group, Inc. ...
IRS number
825325852
SFTGQ stock data
Latest filings (excl ownership)
8-K
Other Events
5 Jan 24
8-K
Departure of Directors or Certain Officers
15 Dec 23
8-K
Other Events
7 Dec 23
25-NSE
Exchange delisting
20 Nov 23
8-K
Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard
11 Oct 23
8-K
Bankruptcy or Receivership
10 Oct 23
8-K
Departure of Directors or Certain Officers
27 Sep 23
424B3
Prospectus supplement
5 Sep 23
8-K
Cost Associated with Exit or Disposal Activities
5 Sep 23
8-K
Departure of Directors or Certain Officers
30 Aug 23
Transcripts
SFTGQ
Earnings call transcript
2023 Q2
10 Aug 23
SFTGQ
Earnings call transcript
2023 Q1
11 May 23
SFTGQ
Earnings call transcript
2022 Q4
28 Mar 23
SFTGQ
Earnings call transcript
2022 Q3
9 Nov 22
SFTGQ
Earnings call transcript
2022 Q2
10 Aug 22
SFTGQ
Earnings call transcript
2022 Q1
11 May 22
SFTGQ
Earnings call transcript
2021 Q4
16 Mar 22
SFTGQ
Earnings call transcript
2021 Q3
12 Nov 21
SFTGQ
Earnings call transcript
2021 Q2
11 Aug 21
SFTGQ
Earnings call transcript
2021 Q1
13 May 21
Latest ownership filings
SC 13G/A
LITHIA MOTORS INC
5 Feb 24
SC 13G
LITHIA MOTORS INC
5 Feb 24
4
Kimberly H. Sheehy
20 Nov 23
4
JASON TRAVIS CURTIS
20 Nov 23
4
Maruthi JD Venkata
13 Oct 23
SC 13D/A
Venkata Maruthi JD
13 Oct 23
144
Notice of proposed sale of securities
12 Oct 23
144
Notice of proposed sale of securities
10 Oct 23
144
Notice of proposed sale of securities
10 Oct 23
144
Notice of proposed sale of securities
29 Sep 23
Financial summary
Quarter (USD) | Jun 23 | Mar 23 | Dec 22 | Sep 22 | |
---|---|---|---|---|---|
Revenue | |||||
Cost of revenue | |||||
Operating income | |||||
Operating margin | |||||
Net income | |||||
Net profit margin | |||||
Cash on hand | |||||
Change in cash | |||||
Diluted EPS |
Annual (USD) | Dec 22 | Dec 21 | Dec 20 | Dec 19 | |
---|---|---|---|---|---|
Revenue | |||||
Cost of revenue | |||||
Operating income | |||||
Operating margin | |||||
Net income | |||||
Net profit margin | |||||
Cash on hand | |||||
Change in cash | |||||
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) | 32.17 mm | 32.17 mm | 32.17 mm | 32.17 mm | 32.17 mm | 32.17 mm |
Cash burn (monthly) | 11.85 mm | 5.68 mm | 8.50 mm | 17.46 mm | 9.32 mm | 6.38 mm |
Cash used (since last report) | 114.28 mm | 54.74 mm | 81.96 mm | 168.37 mm | 89.91 mm | 61.53 mm |
Cash remaining | -82.12 mm | -22.57 mm | -49.79 mm | -136.21 mm | -57.75 mm | -29.36 mm |
Runway (months of cash) | -6.9 | -4.0 | -5.9 | -7.8 | -6.2 | -4.6 |
Institutional ownership, Q2 2023
13F holders | Current |
---|---|
Total holders | 42 |
Opened positions | 6 |
Closed positions | 11 |
Increased positions | 6 |
Reduced positions | 6 |
13F shares | Current |
---|---|
Total value | 3.75 bn |
Total shares | 34.81 mm |
Total puts | 4.58 k |
Total calls | 44.51 k |
Total put/call ratio | 0.1 |
Largest owners | Shares | Value |
---|---|---|
TRP Capital Partners | 15.64 mm | $4.10 mm |
LAD Lithia Motors, Inc. - Ordinary Shares | 12.83 mm | $0.00 |
Insurance Acquisition Sponsor | 4.20 mm | $34.75 mm |
Vanguard | 522.89 k | $1.13 bn |
JEF Jefferies Financial | 289.74 k | $628.74 mm |
Linden Capital | 210.75 k | $1.74 mm |
SFTBY Softbank | 206.70 k | $448.53 mm |
Renaissance Technologies | 198.97 k | $432.00 k |
BLK Blackrock | 196.74 k | $426.92 mm |
Geode Capital Management | 126.71 k | $274.96 mm |
Recent insider trades
Date | Owner | Security | Transaction | Code | Indirect | 10b5-1 | $Price | #Shares | $Value | #Remaining |
---|---|---|---|---|---|---|---|---|---|---|
17 Nov 23 | Sheehy Kimberly H. | Class A Common Stock | Sell | Dispose S | No | No | 0.0375 | 36,578 | 1.37 k | 159,349 |
16 Nov 23 | Curtis Jason Travis | Class A Common Stock | Sell | Dispose S | No | No | 0.0378 | 6,596 | 249.33 | 5,408 |
12 Oct 23 | Venkata Maruthi JD | Class A Common Stock | Sell | Dispose S | No | No | 0.1443 | 1,150,000 | 165.95 k | 824,059 |
21 Aug 23 | Shein Oded | Class A Common Stock | Payment of exercise | Dispose F | No | No | 1.29 | 797 | 1.03 k | 38,552 |
21 Aug 23 | Curtis Jason Travis | Class A Common Stock | Payment of exercise | Dispose F | No | No | 1.29 | 186 | 239.94 | 12,004 |