CarLotz, Inc. Expected to Earn Q2 2021 Earnings of ($0.21) Per Share (NASDAQ:LOTZ)

CarLotz, Inc. (NASDAQ:LOTZ) – Investment analysts at William Blair dropped their Q2 2021 earnings per share estimates for CarLotz in a report issued on Tuesday, May 11th. William Blair analyst S. Zackfia now anticipates that the company will post earnings of ($0.21) per share for the quarter, down from their prior estimate of ($0.18). William Blair currently has a “Outperform” rating on the stock. William Blair also issued estimates for CarLotz’s Q3 2021 earnings at ($0.23) EPS, Q4 2021 earnings at ($0.26) EPS, FY2021 earnings at ($0.85) EPS, FY2022 earnings at ($0.51) EPS and FY2023 earnings at ($0.06) EPS.

Several other research analysts also recently commented on LOTZ. Barrington Research initiated coverage on CarLotz in a research report on Monday, March 29th. They issued an “outperform” rating and a $22.00 price target on the stock. Zacks Investment Research downgraded CarLotz from a “hold” rating to a “sell” rating in a research report on Wednesday, April 21st.

Shares of LOTZ stock opened at $5.11 on Friday. The firm has a 50 day moving average of $7.32. CarLotz has a twelve month low of $4.88 and a twelve month high of $12.90.

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

A number of hedge funds and other institutional investors have recently modified their holdings of LOTZ. Must Asset Management Inc. bought a new position in CarLotz in the 1st quarter worth approximately $9,930,000. BlackRock Inc. acquired a new stake in shares of CarLotz during the 1st quarter worth approximately $9,857,000. Geode Capital Management LLC acquired a new stake in shares of CarLotz during the 1st quarter worth approximately $4,450,000. Taylor Frigon Capital Management LLC acquired a new stake in shares of CarLotz during the 1st quarter worth approximately $2,947,000. Finally, JPMorgan Chase & Co. acquired a new stake in shares of CarLotz during the 1st quarter worth approximately $1,280,000.

CarLotz Company Profile

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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