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) has announced a partnership with XCMG E-commerce Inc to facilitate the sale of over 6,000 refurbished construction machinery assets as part of XCMG's 'Reconditioned Machine' program. This marks the second year Machinio has served as a key partner in this program, reflecting the increased value Machinio brings to Chinese equipment sellers through its classified marketplace. The available assets include a mix of high-value reconditioned equipment such as XCMG-brand Skid Steer Loaders, Hydraulic Crawler Excavators, and a 180-ton Crawler Crane.
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Liquidity Services (LQDT) to Report First Quarter Fiscal Year 2024 Results on February 8, 2024
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Liquidity Services, Inc. (NASDAQ: LQDT) has acquired Sierra Auction, a full-service auction company specializing in the sale of vehicles, equipment, and surplus assets for government agencies, commercial businesses, and charities. The acquisition strengthens Liquidity Services' position in the southwest US market for municipal government surplus and expands its overall transportation and used equipment footprint. Established in 1986 in Phoenix, AZ, Sierra Auction is the sole auction outlet for seized and forfeited assets from prominent state and county government agencies in Arizona. The acquisition is expected to provide immediate access to a growing portfolio of clients in the southwestern US surplus market and increase the network of buyers for used vehicles and high-value equipment. Liquidity Services expects to retain Sierra's current management team and employees following the transaction.
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Liquidity Services (LQDT) announced the retirement of Mr. Phillip A. Clough from its board of directors after 20 years of service. The board will be reduced to 7 directors, and committee assignments will change effective February 2, 2024.
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Liquidity Services (NASDAQ:LQDT) reported strong financial results for the quarter ended September 30, 2023, with Gross Merchandise Volume (GMV) of $315.6 million, up 11%, and Revenue of $80.0 million, up 6%. GAAP Net Income was $6.3 million, and Non-GAAP Adjusted EBITDA was $12.8 million, reflecting a positive performance. The company's GovDeals and RSCG segments showed significant growth, but the CAG segment experienced a decrease in GMV and revenue. The company expects continued growth in fiscal year 2024, with GMV for the first quarter expected to exceed the same quarter last year.
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Liquidity Services (NASDAQ: LQDT) announces the opening of its fourth AllSurplus Deals location in Indianapolis, offering up to 90% off retail prices on high-quality brand-name products. Consumers can bid for deeply discounted goods using the AllSurplusDeals.com marketplace, contributing to sustainable shopping and exceptional finds during the holiday season frenzy.
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Liquidity Services (NASDAQ:LQDT) expects to report its Q4 FY2023 results on December 7, 2023. The Chairman and CEO, Bill Angrick, and the EVP and CFO, Jorge Celaya, will host a conference call to review the results at 10:30 AM Eastern Time. A listen-only live webcast will be provided on the Company’s investor relations site.
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Liquidity Services announces its third AllSurplus Deals location in Pittston, Pennsylvania, offering bargains on overstock and returned consumer goods. The marketplace has sold over 300,000 items worth more than $50 million in retail value. Deals of up to 90% off retail prices are available, with easy curbside pickup. AllSurplus Deals promotes sustainable shopping and the circular economy.
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Liquidity Services announces auction of energy surplus assets in Alberta, Canada
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Liquidity Services (NASDAQ: LQDT) Announces Record Quarterly GMV and Revenue Growth, Driven by Market Share Gains and Strong Buyer Participation
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FAQ
What is the current stock price of Liquidity Services (LQDT)?
The current stock price of Liquidity Services (LQDT) is $34.55 as of January 14, 2025.
What is the market cap of Liquidity Services (LQDT)?
The market cap of Liquidity Services (LQDT) is approximately 1.0B.
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
1.04B
22.43M
28.22%
72.31%
2.38%
Internet Retail
Services-business Services, Nec
United States of America
BETHESDA