Why CarLotz Stock Looks Attractive Right Now

RCK Analytics
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Summary

  • In Q3 2021, net revenue of the company increased by 128% to $68 million.
  • Net losses increased to $3.5 million in the Q3 from $0.5 million in the year ago quarter.
  • The company has opened 14 new hubs in 2021 to reach a cumulative number of 22 hubs.
  • The new hubs are not generating results as expected and the pandemic has adversely affected the business.
  • The company offers a digital and hassle-free process for its retail buyers, including a whole range of services like financing, insurance, and extended warranties.

Used Car Dealership

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Investment Thesis

CarLotz (LOTZ) is increasing its revenue and opening new hubs. As and when the retail-wholesale pricing environment becomes more favorable for CarLotz, the company should do well. The company aims to return to mainly consignment business model as the

This article was written by

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We provide end-to-end financial research services across asset classes. We are passionate about stocks and investments. We take pride in providing invaluable investing insights in an easy-to-understand way. .Chandan Khandelwal leads RCK, as its co-founder & CEO. He is a Chartered Accountant and Financial Consultant with more than 15 years of experience in Finance, Stock Market, Assurance and Business Advisory.

Analyst’s Disclosure:I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.

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