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Liquidity Services, Inc. - LQDT STOCK NEWS

Welcome to our dedicated page for Liquidity Services news (Ticker: LQDT), a resource for investors and traders seeking the latest updates and insights on Liquidity Services stock.

Liquidity Services, Inc. (NASDAQ: LQDT) operates the world's largest B2B e-commerce marketplace platform for surplus assets. With more than $10 billion in completed transactions, the platform connects over five million qualified buyers with 15,000 corporate and government sellers globally. Headquartered in Orlando, Florida, the company specializes in managing and selling inventory and equipment through a comprehensive network of online auction marketplaces.

Liquidity Services is divided into four main segments:

  • GovDeals: Facilitates the sale of surplus assets for government entities.
  • Capital Assets Group (CAG): Manages sales of capital assets for businesses.
  • Retail Supply Chain Group (RSCG): Focuses on selling excess, returned, and overstocked consumer goods, primarily in the U.S. and Canada.
  • Machinio: Provides a global online platform for buying and selling machinery and equipment.

The company's recent acquisition of Sierra Auction, a leading auction outlet in the southwestern U.S., enhances its capabilities in vehicle, equipment, and surplus asset sales. Liquidity Services supports sustainability by helping extend the life of assets, reduce waste, and minimize carbon emissions. With significant strides in mobile commerce, the company continues to expand its digital reach and market presence.

In Q1-FY24, Liquidity Services reported robust financials, with expected GMV ranging from $320 million to $350 million. The company aims to maintain its leadership by integrating acquired businesses and advancing online auction legislation for state and local governments. The firm's forward-looking approach includes focusing on mobile commerce and environmental impacts, ensuring long-term growth and value for its stakeholders.

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Liquidity Services (NASDAQ: LQDT) announces an auction of over twenty pieces of late model heavy construction equipment from D&G Directional Drilling, available for bidding until November 5, 2020. The sales event will be conducted on AllSurplus.com, enabling buyers to either participate in online auctions or purchase assets immediately at a set price. This event features notable brands such as John Deere, Caterpillar, Case, and Komatsu. The company currently lists nearly 850 construction assets for sale, highlighting its growing marketplace for business surplus.

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Liquidity Services, a global leader in reverse supply chain solutions, has appointed Novelette Murray as the new Chief Human Resources Officer (CHRO), effective at the end of the fiscal year. Novelette will succeed Mike Lutz, who will retire after eight years with the company. CEO Bill Angrick emphasized Novelette's extensive knowledge of the company and her commitment to improving employee experiences and service delivery. Novelette has been with Liquidity Services since 2010, most recently as Vice President of HR Operations.

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The State of Kansas is now utilizing GovDeals.com, an online auction marketplace, to auction surplus property, expanding its reach beyond local buyers to a global audience of over 3.6 million potential bidders. Previously, surplus items were sold at a set price locally, but this change allows for competitive bidding, increasing potential revenue. Auctions will continue periodically, with current available items including vehicles and various surplus goods.

Bidder registration is available at GovDeals.com/Register, and auctions are open to the public until September 16, 2020.

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Liquidity Services announced an online auction in collaboration with Tiger Group and Perry Videx, featuring assets from PharMEDium's syringe-filling and sterile drug compounding plants located in Tennessee and Texas. The auction includes over 1,900 assets, with bidding closing on August 18-19 for Tennessee assets and August 26 for Texas assets. Key assets include R+D Automation Syringe Filling Lines and laboratory equipment. Nick Jimenez emphasized the unique opportunity for buyers in the laboratory and manufacturing sectors.

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Liquidity Services reported its Q3 fiscal year 2020 results, revealing a GMV of $130.1 million and GAAP revenue of $47.7 million. Despite a significant decline in GMV and revenue compared to the previous year, the company achieved a GAAP net income of $0.2 million. The RSCG segment saw a 14% growth in GMV, while GovDeals and CAG segments faced declines of 36% and 18%, respectively. The introduction of their consolidated marketplace, AllSurplus.com, resulted in a 148% increase in buyer registrations. The company's cash position improved to $72.7 million with zero debt.

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Liquidity Services (NASDAQ:LQDT) will release its third quarter fiscal results for 2020 on August 6, 2020, at 10:30 a.m. Eastern Time. The results will cover the period ending June 30, 2020, and will precede the market open. Bill Angrick, Chairman and CEO, along with Jorge Celaya, EVP and CFO, will host the earnings call. Interested parties can join the teleconference by dialing (888) 771-4371, using conference ID 49857730, or listening via a live webcast on their investor relations website.

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Liquidity Services (NASDAQ: LQDT) announces significant growth in its AllSurplus marketplace, particularly in the heavy equipment sales channel, showcasing over 100 assets available for bid in July 2020. The monthly sales event features popular equipment like excavators and trucks, with bidding open until July 29. Michael Smith, senior director, emphasized this event as their largest to date. AllSurplus aims to simplify the purchasing process for buyers, offering lower costs compared to new equipment. Currently, the platform has over 13,000 assets for sale across various sectors.

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BETHESDA, Md., June 16, 2020 – Liquidity Services (NASDAQ: LQDT) partners with FSC Holdings to auction excess inventory across 20 categories, including Electrical Parts and Tools. The auction is hosted on AllSurplus with bidding open until June 23, 2020. Fairmont Supply, a subsidiary of FSC Holdings, is a leading distributor of MRO supplies and has served over 5,000 customers with 27 distribution centers.

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Liquidity Services (NASDAQ: LQDT) continues to strengthen its partnership with Tiger Capital Group to assist in the turbulent oil and gas market. With over $50 billion cut from industry budgets, the companies aim to support insolvency professionals by facilitating online auctions of distressed energy assets. Despite market challenges, demand for surplus equipment is increasing, providing liquidity to sellers in need of cash. The Tiger Liquidity Services Energy Partners (TLSEP) has a strong track record of selling oil and gas equipment, benefiting various stakeholders in the industry.

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FAQ

What is the current stock price of Liquidity Services (LQDT)?

The current stock price of Liquidity Services (LQDT) is $25.4 as of November 22, 2024.

What is the market cap of Liquidity Services (LQDT)?

The market cap of Liquidity Services (LQDT) is approximately 774.3M.

What does Liquidity Services, Inc. do?

Liquidity Services, Inc. operates the world's largest B2B e-commerce marketplace for surplus assets, managing and selling inventory and equipment through online auctions.

How many segments does Liquidity Services have?

Liquidity Services has four segments: GovDeals, Capital Assets Group (CAG), Retail Supply Chain Group (RSCG), and Machinio.

What is the primary revenue source for Liquidity Services?

The primary revenue source for Liquidity Services is the Retail Supply Chain Group (RSCG) segment.

Where is Liquidity Services headquartered?

Liquidity Services is headquartered in Orlando, Florida, United States.

What recent acquisition did Liquidity Services complete?

Liquidity Services recently acquired Sierra Auction, enhancing its capabilities in vehicle, equipment, and surplus asset sales.

How does Liquidity Services support sustainability?

Liquidity Services supports sustainability by extending the life of assets, reducing waste, and minimizing carbon emissions.

What are the expected GMV and earnings for Q1-FY24?

Liquidity Services expects Q1-FY24 GMV to range from $320 million to $350 million, with GAAP Net Income between $3.0 million and $6.0 million.

What is Machinio?

Machinio, a segment of Liquidity Services, is a global online platform for buying and selling machinery and equipment.

What types of assets does AllSurplus deal with?

AllSurplus deals with a wide range of business assets, including heavy equipment, transportation, and industrial machinery.

How does Liquidity Services enhance its marketplace capabilities?

Liquidity Services enhances its marketplace capabilities by integrating acquired businesses, advancing legislation for online auctions, and expanding its digital presence.

Liquidity Services, Inc.

Nasdaq:LQDT

LQDT Rankings

LQDT Stock Data

774.30M
21.92M
28.22%
72.32%
2.5%
Internet Retail
Services-business Services, Nec
Link
United States of America
BETHESDA