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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 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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On June 9, 2020, Liquidity Services (NASDAQ: LQDT) announced the launch of its new marketplace, AllSurplus, featuring a June Construction Fleet Sale with around 50 heavy equipment assets available for bidding until June 17, 2020. The sale includes bulldozers, wheel loaders, cranes, and extended cab trucks, providing buyers with cost-effective options compared to new purchases. Liquidity Services operates over 11,000 assets in its marketplace, showcasing detailed asset descriptions and inspection reports, enhancing the purchasing experience.

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Liquidity Services (NASDAQ: LQDT) has announced the sale of surplus assets from the Savannah River Site, located in Barnwell, South Carolina. Partnering with AW Properties Global and PPL Group, the company will auction approximately 450,000 items on AllSurplus.com, open for bidding until June 18, 2020. The assets, being sold due to project cancellation, include top nuclear-grade equipment suitable for general manufacturing. Featured items comprise lots of power generation equipment, HVAC systems, and construction components. Buyers can also make offers outside of auction events.

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Miami-Dade County is auctioning a maritime passenger boarding bridge via GovDeals.com. Manufactured in 2010 by Adelte Seaport, this structure facilitates passenger transport to cruise and ferry ships. It represents a unique opportunity for municipalities seeking to enhance their cruise and ferry services. Interested bidders can visit the bridge before the auction ends on May 29, 2020. As part of Liquidity Services, GovDeals connects sellers and buyers efficiently, having completed over $8 billion in transactions globally.

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Liquidity Services (NASDAQ: LQDT) announces a new online auction for construction machinery in Round Rock, TX, hosted on AllSurplus.com. The auction features equipment from leading brands like Caterpillar, John Deere, and Volvo, closing on May 27, 2020. Buyers can acquire previously owned equipment at lower costs, enhancing productivity. Featured items include a 2011 Caterpillar RM500 Rotary Mixer and a 2006 Volvo A25D Dump Truck. The platform facilitates easy asset management for sellers, further widening access to nearly 10,000 assets in various industries.

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BETHESDA, Md., May 14, 2020 – Liquidity Services (NASDAQ: LQDT) has partnered with a top manufacturer to auction surplus electrical panelboard production equipment from a closed facility in Peru, IN. The two-day no-reserve auction starts on May 20, 2020, featuring over 500 assets, including turret and hydraulic presses. Key items include five Amada turret presses and Cincinnati press brakes. The auction offers buyers a chance to acquire quality manufacturing equipment at competitive prices.

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Liquidity Services reported Q2 FY2020 results with a GAAP revenue of $52.8 million, down from $56.8 million year-over-year. The GAAP net loss was $4.2 million, representing a slight improvement from a loss of $4.4 million in the previous year. Gross Merchandise Volume (GMV) decreased by 7.1% to $144.3 million. Despite the challenges posed by the COVID-19 pandemic, the RSCG segment reported a 6% GMV growth, while the CAG segment saw a 28% decline. The company ended the quarter with a cash position of $51.8 million and zero debt.

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AllSurplus, a new marketplace from Liquidity Services (LQDT), is showcasing eight cranes available for sale, with bidding open until early July. Currently, AllSurplus lists over 8,000 assets and has facilitated sales totaling over $1.5 billion in heavy equipment over two decades. Michael Smith, senior director of heavy equipment sales, noted the favorable economic climate for investing in projects due to low interest rates and government stimulus. AllSurplus simplifies the purchasing process with an immediate Buy Now option. Visit AllSurplus.com for more details.

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FAQ

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

The current stock price of Liquidity Services (LQDT) is $35.87 as of January 22, 2025.

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

The market cap of Liquidity Services (LQDT) is approximately 1.1B.

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

1.11B
22.55M
28.22%
72.31%
2.38%
Internet Retail
Services-business Services, Nec
Link
United States of America
BETHESDA