Press release
Investigation announced for Investors in shares of CarLotz, Inc. (NASDAQ: LOTZ)
An investigation for investors in CarLotz, Inc. (NASDAQ: LOTZ) shares over potential securities laws violations by CarLotz, Inc.
Investors who purchased shares of CarLotz, Inc. (NASDAQ: LOTZ), have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.
The investigation by a law firm focuses on possible claims on behalf of purchasers of the securities of CarLotz, Inc. (NASDAQ: LOTZ) concerning whether a series of statements by CarLotz, Inc. regarding its business, its prospects and its operations were materially false and misleading at the time they were made.
Richmond, VA based CarLotz, Inc. operates as a consignment-to-retail used vehicle marketplace that provides its corporate vehicle sourcing partners and retail sellers of used vehicles.
On May 10, 2021, CarLotz, Inc. announced first quarter 2021 results, reporting amongst other things, GAAP earnings per share of -$0.15, missing consensus estimates of $0.01.
Then, on May 26, 2021, CarLotz, Inc. announced that its profit-sharing corporate vehicle sourcing partner had “paused consignments” to the Company. This partner accounted for more than 60% of cars sold and sourced by CarLotz.
Shares of CarLotz, Inc. (NASDAQ: LOTZ) declined from $12.7 per share on January 21, 2021, to as $4.06 per share on May 26, 2021.
Those who purchased shares of CarLotz, Inc. (NASDAQ: LOTZ) have certain options and should contact the Shareholders Foundation.
Contact:
Michael Daniels
Shareholders Foundation, Inc.
3111 Camino Del Rio North
Suite 423
San Diego, CA 92108
Tel: +1-(858)-779-1554
E-Mail: mail@shareholdersfoundation.com
About Shareholders Foundation, Inc.
The Shareholders Foundation, Inc. is a professional portfolio monitoring and settlement claim filing service, and an investor advocacy group, which does research related to shareholder issues and informs investors of securities lawsuits, settlements, judgments, and other legal related news to the stock/financial market. Shareholders Foundation, Inc. is in contact with a large number of shareholders and offers help, support, and assistance for every shareholder. The Shareholders Foundation, Inc. is not a law firm. Referenced cases, investigations, and/or settlements are not filed/initiated/reached and/or are not related to Shareholders Foundation. The information is provided as a public service. It is not intended as legal advice and should not be relied upon.
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