CarLotz, Inc. (LOTZ) Tops Q3 EPS by 17c

CarLotz, Inc. (NASDAQ: LOTZ) reported Q3 EPS of ($0.03), $0.17 better than the analyst estimate of ($0.20). Revenue for the quarter came in at $68 million versus the consensus estimate of $55.77 million.

Outlook

• The Company expects sequential quarterly improvement in retail units sold and retail GPU in Q4.
• The Company will continue to open new hubs in 2022, although fewer than in 2021.
• As a result of the continued disruption caused by the chip shortage and the corresponding lack of visibility into the wholesale market and commercial vehicle sourcing, the Company is not providing additional financial outlook information for fiscal 2021 at this time.

For earnings history and earnings-related data on CarLotz, Inc. (LOTZ) click here.

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