Carlotz Inc
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Consumer Discretionary : Specialty Retail |
Company profile

CarLotz, Inc., formerly Acamar Partners Acquisition Corp., operates vehicle consignment and retail remarketing business. The Company provides its corporate vehicle sourcing partners and retail sellers of used vehicles with the ability to access the retail sales channel. It operates a technology-enabled buying, sourcing and selling model that offers an omni-channel and selection of vehicles, while allowing for an end-to-end electronic commerce interface that enables buying and selling. The Company's Retail Remarketing technology provides its corporate vehicle sourcing partners with real-time performance metrics and data analytics, along with custom business intelligence reporting that enables price and vehicle triage optimization between the wholesale and retail channel. The Company offers its products and services to corporate vehicle sourcing partners, retail sellers of used vehicles and retail customers seeking to buy used vehicles.

Closing Price
Day's Change
-0.13 (-6.74%)
B/A Size
Day's High
Day's Low
(Heavy Day)

10-day average volume:

Exxon Mobil stock rallies after earnings beat expectations, stock repurchases expected to begin next year

7:47 am ET October 29, 2021 (MarketWatch)

Shares of Exxon Mobil Corp. (XOM) rallied 1.1% in premarket trading Friday, after the oil and gas giant reported better-than-expected third-quarter profit and revenue, as improved demand and increased realizations helped all of the company's business segments generate positive results. The company swung to net income of $6.75 billion, or $1.57 a share, from a loss of $680 million, or 15 cents a share, in the year-ago period. Excluding nonrecurring items, adjusted earnings per share of $1.58 beat the FactSet consensus of $1.56. Total revenue jumped 59.7% to $73.79 billion, well above the FactSet consensus of $71.13 billion. In the Upstream business, average realizations for crude oil increased 7% from the second quarter and natural gas realizations grew 28%. Production volume in the Permian averaged 500,000 oil equivalent barrels per day, up 30% from a year ago. Cash flow from operating activities was $12.1 billion. "We anticipate the company's strong cash flow outlook will enable us to further increase shareholder distributions by up to $10 billion through a share repurchase program over 12-24 months, beginning in 2022," said Chief Executive Darren Woods. The stock has rallied 56.0% year to date through Thursday, while the S&P 500 has advanced 22.4%.

-Tomi Kilgore


(END) Dow Jones Newswires

October 29, 2021 07:47 ET (11:47 GMT)

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