CarLotz (LOTZ) CEO Michael Bor Talks Revenue

Michael Bor explains how LOTZ differs as an ecommerce vehicle company relative to traditional used car dealerships. The company business model is a unique consignment to retail based vehicle marketplace. LOTZ reported earnings whereby retail unit sales increased 12% year over year and net revenues increased 40% relative to the same quarter in 2019. In 2021, the company plans to open between 3 to 4 hub locations per quarter.

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17 Mar 2021

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CarLotz (LOTZ) CEO Michael Bor Talks Revenue

Michael Bor explains how LOTZ differs as an ecommerce vehicle company relative to traditional used car dealerships. The company business model is a unique consignment to retail based vehicle marketplace. LOTZ reported earnings whereby retail unit sales increased 12% year over year and net revenues increased 40% relative to the same quarter in 2019. In 2021, the company plans to open between 3 to 4 hub locations per quarter.

Market On Close

17 Mar 2021

ON AIR
7:00 am
Futures

Get Market Minute

Daily insights for every investor

FOLLOW US