In the last trading session, 1.85 million CarLotz Inc. (NASDAQ:LOTZ) shares changed hands as the company’s beta touched 0. With the company’s per share price at $3.99 changed hands at -$0.24 or -5.67% during last session, the market valuation stood at $449.27M. LOTZ’s last price was a discount, traded about -223.31% off its 52-week high of $12.90. The share price had its 52-week low at $3.62, which suggests the last value was 9.27% up since then. When we look at CarLotz Inc.’s average trading volume, we note the 10-day average is 1.65 million shares, with the 3-month average coming to 2.71 million.
Analysts gave the CarLotz Inc. (LOTZ) stock a consensus recommendation rating of an Overweight, calculated at a mean rating of 2.30. If we narrow down to specifics, the data shows that 0 out of 3 analysts rate the stock as a Sell, with a further 0 assigning it an Overweight rating. Of the remaining, 2 recommended LOTZ as a Hold, 1 felt it is a Buy and 0 rated the stock as Underweight. CarLotz Inc.’s EPS for the current quarter is expected to be -$0.2.
CarLotz Inc. (NASDAQ:LOTZ) trade information
Instantly LOTZ was in red as seen at the end of in last trading. With action -6.99%, the performance over the past five days has been red. The drop to weekly highs of 4.41 on Monday, 09/13/21 subtracted -5.67% to the stock’s daily price. The company’s shares are showing year-to-date downside of -64.37%, with the 5-day performance at -6.99% in the red. However, in the 30-day time frame, CarLotz Inc. (NASDAQ:LOTZ) is -2.44% down. Looking at the short shares, we see there were 5.48 million shares sold at short interest cover period of 1.15 days.
The consensus price target for the stock as assigned by Wall Street analysts is $9.50, meaning bulls need an upside of 58.0% from its current market value. According to analyst projections, LOTZ’s forecast low is $7.00 with $12.00 as the target high. To hit the forecast high, the stock’s price needs a -200.75% plunge from its current level, while the stock would need to soar -75.44% for it to hit the projected low.
CarLotz Inc. (LOTZ) estimates and forecasts
Data shows that the CarLotz Inc. share is performing relatively much better than most of its peers within the same industry. As can be gleaned from the statistics, the company’s share value shot -56.82% over the past 6 months, a 70.93% in annual growth rate that is considerably higher than the industry average of 28.90%. Year-over-year growth is forecast to reach 105.70% up from the last financial year.
Consensus estimates given by 3 financial analysts project the company’s revenue in the current quarter to hit an average of $54.5 million. 3 analysts are of the opinion that CarLotz Inc.’s revenue for the quarter ending Dec 2021 will be $82.21 million. The estimates for the next quarter sales put growth at 121.90%.
The 2021 estimates are for CarLotz Inc. earnings to decrease by -201.50%.
CarLotz Inc. is expected to release its next quarterly earnings report on May 10.
CarLotz Inc. (NASDAQ:LOTZ)’s Major holders
If we look at who the major shareholders are, we find that insiders hold 22.14% of CarLotz Inc. shares while 48.13% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 61.82%. There are 48.13% institutions holding the CarLotz Inc. stock share, with Tremblant Capital Group the top institutional holder. As of Mar 30, 2021, the company held 4.80% of the shares, roughly 5.46 million LOTZ shares worth $38.93 million.
FMR, LLC holds the second largest percentage of outstanding shares, with 3.97% or 4.51 million shares worth $32.19 million as of Mar 30, 2021.
Among Mutual Funds, the top two as of Apr 29, 2021 were Fidelity Advisor Growth Opportunities Fund and Vanguard Total Stock Market Index Fund. With 2.4 million shares estimated at $18.18 million under it, the former controlled 2.11% of total outstanding shares. On the other hand, Vanguard Total Stock Market Index Fund held about 1.86% of the shares, roughly 2.11 million shares worth around $15.07 million.