Shift Technologies Inc
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Consumer Discretionary : Specialty Retail | Small Cap Blend
Company profile

Shift Technologies, Inc. is an end-to-end e-commerce platform transforming the used car industry with a technology-driven customer experience. Its segments include Retail and Wholesale. The Retail segment represents retail sales of used vehicles through the Company's e-commerce platform and fees earned on sales of value-added products associated with those vehicles sales, such as vehicle service contracts, guaranteed asset protection waiver coverage, prepaid maintenance plans, and appearance protection plans. The Wholesale segment represents sales of used vehicles through wholesale auctions or directly to a wholesaler (DTW). It provides technology-driven solutions throughout the car ownership lifecycle. It operates approximately nine vehicle inventory inspection, reconditioning and storage centers, with six spanning the West Coast from San Diego to Seattle and three new facilities in Austin, San Antonio and Dallas, Texas. It conducts its business through its wholly owned subsidiaries.

Closing Price
$1.24
Day's Change
-0.06 (-4.62%)
Bid
--
Ask
--
B/A Size
--
Day's High
1.33
Day's Low
1.18
Volume
(Above Average)
Volume:
2,223,573

10-day average volume:
1,915,909
2,223,573

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6 providers
Yesterday's News, August 10, 2022
SHAREHOLDER ALERT: Weiss Law Investigates CarLotz, Inc.

Weiss Law is investigating possible breaches of fiduciary duty and other violations of law by the board of directors of CarLotz, Inc. ("CarLotz" or the "Company") (NASDAQ: LOTZ), in connection with the proposed merger of the Company with Shift...(PR Newswire)

SHAREHOLDER INVESTIGATION NOTICE: Halper Sadeh LLP Investigates BBQ, SFT, LOTZ, RNWK

Halper Sadeh LLP, an investor rights law firm, is investigating the following companies for potential violations of the federal securities laws and/or breaches of fiduciary duties to shareholders relating to: (PR Newswire)

August 09, 2022
SFT Stock Alert: Halper Sadeh LLP Is Investigating Whether the Merger of Shift Technologies, Inc. Is Fair to Shareholders

Halper Sadeh LLP, an investor rights law firm, is investigating whether the merger of Shift Technologies, Inc. (NASDAQ: SFT) and CarLotz, Inc. is fair to Shift shareholders. Under the terms of the merger agreement, CarLotz shareholders are expected...(BusinessWire)

Shift and CarLotz Agree To Merge, Creating a Differentiated Used Auto Ecommerce Retailer

-- Merger will create a leading omnichannel auto retailer -- Combination of complementary geographic footprints, with Shift's strong presence on the West Coast and CarLotz's retail stores in the mid-Atlantic region (Globe Newswire)

Shift and CarLotz Agree To Merge, Creating a Differentiated Used-Auto Ecommerce Retailer

-- Merger will create a leading omnichannel auto retailer -- Combination of complementary geographic footprints, with Shift's strong presence on the West Coast and CarLotz's retail stores in the mid-Atlantic region (Globe Newswire)

Shift Announces Upcoming CEO Transition

Shift Technologies, Inc. (Nasdaq: SFT) and its Board of Directors announced today that Co-Founder and CEO George Arison will be stepping down as CEO effective September 1, 2022, and will be succeeded by the President of Shift, Jeff Clementz. Mr...(Globe Newswire)

CarLotz Announces Second Quarter Fiscal 2022 Financial Results

Second Quarter Revenue Grew 51% versus Last Year to $76.5 million Second Quarter Retail Unit Sales of 2,421 Second Quarter F&I Revenue Grew 80% versus Last Year CarLotz, Inc. (the "Company" or "CarLotz"; NASDAQ: LOTZ), a consignment-to-retail...(Globe Newswire)

Shift Announces Merger with CarLotz; a New Business Plan that Enables the Company to Achieve Profitability in 2024; Appointment of new CEO; also Releases Q2 Results

Shift Technologies, Inc. (Nasdaq: SFT), a leading end-to-end ecommerce platform for buying and selling used cars, announced today several business updates. Merger with CarLotz Shift announced today it has entered into a definitive agreement to...(Globe Newswire)

July 19, 2022
Shift to Report Second Quarter 2022 Financial Results on August 9, 2022

EQNX::TICKER_START (NASDAQ:SFT), EQNX::TICKER_END Shift (Nasdaq: SFT), a leading end-to-end auto ecommerce platform transforming the used car industry with a technology-driven, hassle-free customer experience, announced today that it will report its...(Globe Newswire)

July 01, 2022
Shift Announces Inducement Grants Under Nasdaq Listing Rule 5635(c)(4)

EQNX::TICKER_START (NASDAQ:SFT), EQNX::TICKER_END Shift Technologies, Inc. (Nasdaq: SFT), a leading end-to-end ecommerce platform for buying and selling used cars, today announced that on June 30, 2022 the Compensation Committee of its Board of...(Globe Newswire)

June 23, 2022
Thinking about buying stock in Nio, Exela Technologies, Shift Technologies, Xpeng, or Vroom?

InvestorsObserver issues critical PriceWatch Alerts for NIO, XELA, SFT, XPEV, and VRM. https://mma.prnewswire.com/media/1333368/InvestorsObserver_Logo.jpg To see how InvestorsObserver's proprietary scoring system rates these stocks, view the...(PR Newswire)

May 26, 2022
Shift to Participate at Upcoming Investor Conferences

EQNX::TICKER_START (NASDAQ:SFT), EQNX::TICKER_END Shift Technologies, Inc. (Nasdaq: SFT), a leading end-to-end ecommerce platform for buying and selling used cars, today announced that senior management will participate in the following upcoming...(Globe Newswire)

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