Shift (SFT) Tops Q4 EPS, Raises Revenue Outlook

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Go back to Shift (SFT) Tops Q4 EPS, Raises Revenue Outlook

Shift Announces Record Revenue & Unit Sales in Q4’2020, with Strong Growth Momentum for 2021

March 8, 2021 4:05 PM EST

Achieved record revenue and units sold levels in the fourth quarter; year-over-year growth of 168% and 147%, respectivelyTransformed the reconditioning process with new leadership, staffing levels and production schedules; increased reconditioning volume to over 500 cars per week by middle of Q1Initiated strategic actions to increase national penetration with national branding campaign, new hub in Seattle, and launch of select seller markets, understood as purchasing cars from sellers, in Texas, laying the foundation for long-term growthProjecting 26% and 148% sequential Q42020 to Q12021 revenue and Adjusted GPU1,2... More