CarLotz
CarLotz is a used car retailer based in Richmond, Virginia. The company is known for its consignment model[1] which sells vehicles on behalf of owners instead of buying and re-selling.
 Logo for CarLotz, Inc. | |
| Public | |
| Traded as | NASDAQ: LOTZ |
| ISIN | 🆔 |
| Industry | Car dealer |
| Founded 📆 | May 1, 2011 |
| Founder 👔 | |
Area served 🗺️ | |
Key people | |
| Members | |
Number of employees | |
| 🌐 Website | [Lua error in Module:WikidataIB at line 665: attempt to index field 'wikibase' (a nil value). ] |
| 📇 Address | |
| 📞 telephone | |
History[edit]
CarLotz was founded in 2011 by Michael Bor, Will Borland, and Aaron Montgomery[2], opening its first location in Midlothian, Virginia. This was followed by a second store in the Richmond area and a third in Chesapeake, Virginia[3]
As of December 2020, CarLotz operates eight locations in five states[4]
In January 2021, CarLotz went public and began trading on the NASDAQ Stock Exchange through a Special-purpose acquisition company (SPAC).[5]
References[edit]
- ↑ Franklin, Joshua (2020-10-21). "EXCLUSIVE-Used car consignment store CarLotz nears deal to go public -sources". Reuters. Retrieved 2021-01-26.
- ↑ "CarLotz finds a parking space". Richmond BizSense. 2011-05-10. Retrieved 2021-01-26.
- ↑ "CarLotz takes a road trip". Richmond BizSense. 2012-11-13. Retrieved 2021-01-26.
- ↑ "CarLotz Locations". CarLotz. Retrieved 2021-01-26. Unknown parameter
|url-status=ignored (help) - ↑ "CarLotz to start trading on the Nasdaq". CNBC. 2021-01-22. Retrieved 2021-01-26.
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