CarLotz, Inc. (LOTZ) Reports Q4 Loss of $1.30, Offers Q1 and FY Guidance

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Go back to CarLotz, Inc. (LOTZ) Reports Q4 Loss of $1.30, Offers Q1 and FY Guidance

CarLotz Announces Record Revenue and Retail Unit Sales in Fourth Quarter 2020, with Significant Growth Expected in 2021

March 15, 2021 4:05 PM EDT

Fourth Quarter Unit Sales of 1,815, Ahead of Expectations

Fourth Quarter Revenue Growth of 40% to $37.0 million, Ahead of Expectations

Provides First Quarter and 2021 Outlook

RICHMOND, Va., March 15, 2021 (GLOBE NEWSWIRE) -- CarLotz, Inc. (NASDAQ: LOTZ) (CarLotz or the Company), a leading consignment-to-retail used vehicle marketplace, today announced financial results for the fourth quarter and full year ended December 31, 2020.

Highlights of Fourth Quarter 2020 Financial Results

Net revenues exceeded expectations and increased 40% to $37.0... More