| Market Capitalization (Millions $) |
- |
| Shares
Outstanding (Millions) |
115 |
| Employees |
500 |
| Revenues (TTM) (Millions $) |
273 |
| Net Income (TTM) (Millions $) |
-98 |
| Cash Flow (TTM) (Millions $) |
31 |
| Capital Exp. (TTM) (Millions $) |
18 |
Business Description
Carlotz Inc is an innovative used car dealership company based in Richmond, Virginia. Founded in 2011 by a trio of automotive industry veterans, Aaron Montgomery, Michael Bor, and Will Boland, Carlotz has revolutionized the traditional dealership model, offering a consignment-based service that eliminates the traditional hurdles of buying and selling a used car.
The company's unique model allows customers to sell their cars quickly and easily, while also providing a convenient and transparent buying process. Carlotz takes care of everything, from inspections and marketing to financing and title transfers, making it the ideal option for anyone who wants to avoid the hassle and stress of selling a car themselves.
In addition to its traditional consignment services, Carlotz also offers a unique program called "Carlotz Care" which provides a suite of benefits to customers who purchase a car through the company. These benefits include a 90-day warranty, a 30-day money-back guarantee, and access to Carlotz's VIP Rewards Program.
Carlotz has seen significant growth since its founding, with locations now across the United States. The company's success can be attributed to its innovative business model, excellent customer service, and commitment to transparency and fairness in its dealings with both buyers and sellers.
Overall, Carlotz Inc is an exciting and innovative company that is disrupting the traditional used car dealership model, making it easier and more convenient for customers to buy and sell cars.
Company Address: 3301 W. Moore Street Richmond 23230 VA
Company Phone Number: 510-0744 Stock Exchange / Ticker: NASDAQ LOTZ
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