LOTZ - LOTZ STOCK NEWS

CarLotz, Inc. will announce its Q2 2021 results on August 9, 2021, following the close of U.S. markets. A conference call will be held at 5:30 p.m. ET to discuss the results and business updates. Investors can join via U.S. toll-free number 1-833-962-1461 or through the live webcast on the investor relations page of the CarLotz website. Replay options will be available until August 16, 2021. CarLotz operates a technology-enabled marketplace for buying and selling used vehicles, aiming to enhance the vehicle buying experience.

CarLotz (NASDAQ: LOTZ) announced a partnership with TiiCKER, a consumer shareholder loyalty platform, aimed at connecting directly with its retail investors. Through this collaboration, LOTZ shareholders will gain access to the LOTZ Shareholder Store™, which includes various perks and discounts on consignment fees. The initiative highlights CarLotz's commitment to rewarding its investors while enhancing customer engagement. CarLotz continues to innovate the used vehicle marketplace with a consumer-centric approach, enabling seamless buying and selling experiences.

CarLotz (NASDAQ: LOTZ) is set to expand its operations with a new hub opening in the Los Angeles area, following its recent launch in Bakersfield. This location at 85 Auto Center Drive in Pomona will enhance accessibility to CarLotz’s services for local consumers. The company aims to provide a superior vehicle buying and selling experience through its consignment model, which is designed to cater to the needs of the used vehicle market in California. Hiring efforts are ongoing for various roles across the nation.

CarLotz (NASDAQ: LOTZ) has expanded its national presence by opening three new hubs in Bakersfield, CA, Clearwater, FL, and Highland Park, IL. This brings the total number of operational hubs to 15, reinforcing the company’s commitment to enhancing the vehicle buying and selling experience. The new locations aim to provide unparalleled customer service through its unique consignment-to-retail sales model, allowing access to a wide range of vehicles. The openings were achieved simultaneously across different time zones.

CarLotz (NASDAQ: LOTZ) has announced the opening of its first hub in Georgia, located in Lilburn, aimed at enhancing its presence in the Atlanta area. This strategic move is expected to provide local guests with improved access to the company's consignment model, allowing buyers and sellers to benefit from significant value, including a 133-point vehicle inspection. CarLotz aims to deliver a seamless vehicle buying and selling experience through its omnichannel approach while continuing to expand throughout the Southeast.

CarLotz (NASDAQ: LOTZ) announced its inclusion in the Russell 3000® and Russell 2000® Indexes, effective June 28, 2021. This addition, part of the annual Russell indexes reconstitution, is a significant milestone for the company. As a market leader in consignment-to-retail used vehicle sales, CarLotz aims to enhance its visibility among investors and support its growth strategy. The Russell indexes are vital benchmarks for numerous investment strategies, overseeing approximately $10.6 trillion in assets.

CarLotz (NASDAQ: LOTZ) announced on June 11, 2021, its decision to open a new corporate headquarters in Richmond, Virginia, relocating from the Manchester neighborhood. This move will create nearly 200 new jobs as CarLotz continues its national expansion. Renovations for the new headquarters in the Handcraft Building are set to begin soon. The Virginia Economic Development Partnership facilitated the project, with a $700,000 grant from Governor Northam's Commonwealth’s Opportunity Fund assisting. CarLotz aims to enhance its omnichannel vehicle selling experience for consumers.

CarLotz has expanded its operations by opening a new hub in Charlottesville, Virginia, marking its 12th location nationwide. The new hub will be managed by Ned Gallaway, a Charlottesville native and former manager of the Midlothian hub. CarLotz emphasizes its unique consignment-to-retail sales model, which typically saves customers around $1,000 during transactions. This opening is part of CarLotz’s broader strategy for rapid expansion in the Mid-Atlantic region and beyond, offering a seamless omnichannel experience for buying and selling vehicles.

CarLotz (NASDAQ: LOTZ) plans to open its first hub in Denver, Colorado, at 8120 West Tufts Avenue, expected to launch later this year. This marks a significant expansion as part of CarLotz's mission to enhance the vehicle buying and selling experience. Co-Founder and CEO Michael Bor highlighted the success of their consignment-to-retail model, which generates average savings of $1,000 for customers. The company is also expanding its workforce, with numerous positions available at the new location and across the country.