Cambridge Investment Research Advisors Inc. Purchases Shares of 14,101 CarLotz, Inc. (NASDAQ:LOTZ)

Cambridge Investment Research Advisors Inc. purchased a new stake in shares of CarLotz, Inc. (NASDAQ:LOTZ) during the second quarter, Holdings Channel reports. The firm purchased 14,101 shares of the company’s stock, valued at approximately $77,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Swiss National Bank purchased a new stake in CarLotz during the second quarter valued at about $821,000. Rhumbline Advisers purchased a new stake in CarLotz during the second quarter valued at about $258,000. GSA Capital Partners LLP purchased a new stake in CarLotz during the second quarter valued at about $65,000. Arizona State Retirement System purchased a new stake in CarLotz during the second quarter valued at about $101,000. Finally, New York State Common Retirement Fund purchased a new stake in CarLotz during the second quarter valued at about $203,000. Institutional investors and hedge funds own 23.59% of the company’s stock.

CarLotz stock opened at $3.71 on Thursday. The stock’s 50 day simple moving average is $3.99 and its two-hundred day simple moving average is $5.23. The company has a debt-to-equity ratio of 0.03, a quick ratio of 4.75 and a current ratio of 5.58. The stock has a market cap of $421.72 million, a price-to-earnings ratio of -1.63 and a beta of 0.19. CarLotz, Inc. has a fifty-two week low of $3.52 and a fifty-two week high of $12.90.

CarLotz (NASDAQ:LOTZ) last posted its quarterly earnings data on Monday, August 9th. The company reported ($0.17) earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.20) by $0.03. The firm had revenue of $50.77 million for the quarter, compared to the consensus estimate of $48.83 million. On average, analysts predict that CarLotz, Inc. will post -0.75 earnings per share for the current year.

A number of equities research analysts have weighed in on the company. Zacks Investment Research upgraded CarLotz from a “sell” rating to a “hold” rating in a report on Tuesday, August 3rd. Deutsche Bank Aktiengesellschaft initiated coverage on CarLotz in a research note on Monday, August 16th. They issued a “hold” rating and a $7.00 target price on the stock. Finally, William Blair cut CarLotz from an “outperform” rating to a “market perform” rating in a research note on Tuesday, August 10th.

CarLotz Company Profile

CarLotz, Inc operates as a consignment-to-retail used vehicle marketplace that provides its corporate vehicle sourcing partners and retail sellers of used vehicles. The company serves corporate vehicle sourcing partners, which include fleet leasing companies, rental car companies, banks, captive finance companies, third-party remarketers, wholesalers, companies that manage their own fleets, and original equipment manufacturers; retail sellers of used vehicles to individuals; and retail customers.

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Institutional Ownership by Quarter for CarLotz (NASDAQ:LOTZ)

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