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<blockquote data-quote="Weather Man" data-source="post: 16592874" data-attributes="member: 137766"><p><a href="https://seekingalpha.com/news/3672836-carlotz-posts-strong-growth-expands-footprint" target="_blank">CarLotz posts strong growth, expands footprint</a></p><ul> <li data-xf-list-type="ul">CarLotz (NASDAQ:<a href="https://seekingalpha.com/symbol/LOTZ" target="_blank">LOTZ</a>) announces that it will open a fourth hub in its home state of Virginia.</li> <li data-xf-list-type="ul">The new hub in Charlottesville will be the company's twelfth nationwide,</li> <li data-xf-list-type="ul">Earlier this month, CarLotz announced that its first Tennessee opening, a hub in Nashville, is set to open by the end of March.</li> <li data-xf-list-type="ul">CarLotz currently operates its full omni-channel offering out of 11 hubs nationwide including Virginia, North Carolina, Florida, Illinois, Texas, and Washington State.</li> <li data-xf-list-type="ul">CarLotz also disclosed Q4 results, Revenue was up 40% to $37.0M, driven by double-digit growth in retail units, retail average selling price, and financing and product revenues. Retail unit sales were 1,815 compared to 1,614 a year ago. Financing and F&I product sales increased 49% Y/Y. Gross profit was up 25%and retail gross profit per unit was also up 25%.</li> <li data-xf-list-type="ul">Read more details on the <a href="https://seekingalpha.com/pr/18232615-carlotz-announces-record-revenue-and-retail-unit-sales-in-fourth-quarter-2020-significant" target="_blank">Q4 earnings report</a>.</li> <li data-xf-list-type="ul">LOTZ +3.88% in AH trading. Options trading was implying a <a href="https://seekingalpha.com/news/3672347-seeking-alpha-catalyst-watch" target="_blank">larger post-earnings swing</a>.</li> </ul></blockquote><p></p>
[QUOTE="Weather Man, post: 16592874, member: 137766"] [URL='https://seekingalpha.com/news/3672836-carlotz-posts-strong-growth-expands-footprint']CarLotz posts strong growth, expands footprint[/URL] [LIST] [*]CarLotz (NASDAQ:[URL='https://seekingalpha.com/symbol/LOTZ']LOTZ[/URL]) announces that it will open a fourth hub in its home state of Virginia. [*]The new hub in Charlottesville will be the company's twelfth nationwide, [*]Earlier this month, CarLotz announced that its first Tennessee opening, a hub in Nashville, is set to open by the end of March. [*]CarLotz currently operates its full omni-channel offering out of 11 hubs nationwide including Virginia, North Carolina, Florida, Illinois, Texas, and Washington State. [*]CarLotz also disclosed Q4 results, Revenue was up 40% to $37.0M, driven by double-digit growth in retail units, retail average selling price, and financing and product revenues. Retail unit sales were 1,815 compared to 1,614 a year ago. Financing and F&I product sales increased 49% Y/Y. Gross profit was up 25%and retail gross profit per unit was also up 25%. [*]Read more details on the [URL='https://seekingalpha.com/pr/18232615-carlotz-announces-record-revenue-and-retail-unit-sales-in-fourth-quarter-2020-significant']Q4 earnings report[/URL]. [*]LOTZ +3.88% in AH trading. Options trading was implying a [URL='https://seekingalpha.com/news/3672347-seeking-alpha-catalyst-watch']larger post-earnings swing[/URL]. [/LIST] [/QUOTE]
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