Shift Technologies

Shift Technologies, Inc. provides online automobile purchasing services. It also provides end-to-end auto ecommerce platform transforming the used car industry with a technology-driven, hassle-free customer experience. The firm operates through the following segments: Retail and Wholesale. The Retail segment represents retail sales of used vehicles through its ecommerce platform and fees earned on sales of value-added products associated with those vehicles sales such as vehicle service contracts, guaranteed asset protection waiver coverage, prepaid maintenance plans, and appearance protection plans. The Wholesale segment represents sales of used vehicles through wholesale auctions or directly to a wholesaler. The company was founded by Irakly George Areshidze Arison, Toby Russell and Christian Ohler in 2013 and is headquartered in San Francisco, CA.

Earnings data Q2 2023

Earnings data Q2 2024

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SAN FRANCISCO, March 09, 2023 (GLOBE NEWSWIRE) -- Shift (Nasdaq: SFT), a leading end-to-end auto ecommerce platform transforming the used car industry with a technology-driven, hassle-free customer experience, announced today that it will report its financial results for the fourth quarter 2022, which ended December 31, 2022. The conference call, hosted by management, will take place on Tuesday, March 28, 2023 at 2:00 p.m. PT (5:00 p.m. ET) and will cover the company's business and financial results.

Shift to Report Fourth Quarter 2022 Financial Results on March 28, 2023

SAN FRANCISCO, March 07, 2023 (GLOBE NEWSWIRE) -- Shift Technologies, Inc. (Nasdaq: SFT) (the “Company” or “Shift”), a leading end-to-end auto ecommerce platform transforming the used car industry with a technology-driven, hassle-free customer experience, announced today that it will effect a 1-for-10 reverse stock split (“reverse split”) of its Class A common stock, par value $0.0001 per share (“common stock”), that will become effective on March 8, 2023, at 12:01 a.m., Eastern Time. Shift's common stock will continue to trade on The Nasdaq Capital Market (“Nasdaq”) under the symbol “SFT” and will begin trading on a split-adjusted basis when the market opens on March 8, 2023. The new CUSIP number for the Common Stock following the reverse split will be 82452T 305.

Shift Announces Reverse Stock Split

SAN FRANCISCO, Feb. 02, 2023 (GLOBE NEWSWIRE) -- Shift Technologies, Inc. (Nasdaq: SFT), a leading end-to-end auto ecommerce platform transforming the used car industry with a technology-driven, hassle-free customer experience, has announced it will be exiting its East Coast stores acquired as a result of its merger with CarLotz, Inc. in order to focus on building omnichannel capabilities in its other locations and on the Company's path to profitability.

Shift Announces Exit of East Coast Presence to Focus on Path to Profitability

SAN FRANCISCO, Dec. 09, 2022 (GLOBE NEWSWIRE) -- Shift Technologies, Inc. (Nasdaq: SFT), a leading end-to-end auto ecommerce platform transforming the used car industry with a technology-driven, hassle-free customer experience, has closed its merger with CarLotz, Inc. (Nasdaq: LOTZ), a leading consignment-to-retail used vehicle marketplace. The combined company will continue to trade on Nasdaq under the ticker SFT.

Shift Closes Merger with CarLotz, Creating a Differentiated Used Omnichannel Auto Retailer, and Announces Shift Board of Directors Changes

SAN FRANCISCO, Nov. 22, 2022 (GLOBE NEWSWIRE) -- Shift Technologies, Inc. (Nasdaq: SFT), a leading end-to-end ecommerce platform for buying and selling used cars, today announced that senior management will participate in the following upcoming investor conference:

Shift to Participate at Upcoming Investor Conference

Shift Technologies, Inc. (NASDAQ:SFT ) Q3 2022 Results Conference Call November 8, 2022 5:00 PM ET Company Participants Cheryl Liu - Manager of Corporate Strategy Jeff Clementz - Chief Executive Officer Oded Shein - Chief Financial Officer Conference Call Participants Sam Reid - Wells Fargo Rajat Gupta - J.P. Morgan Brett Knoblauch - Cantor Fitzgerald Operator Good afternoon.

Shift Technologies, Inc. (SFT) Q3 2022 Earnings Call Transcript

Shift Tech (SFT) delivered earnings and revenue surprises of -26.42% and 3.15%, respectively, for the quarter ended September 2022. Do the numbers hold clues to what lies ahead for the stock?

Shift Tech (SFT) Reports Q3 Loss, Tops Revenue Estimates

SAN FRANCISCO, Nov. 08, 2022 (GLOBE NEWSWIRE) -- Shift Technologies, Inc. (Nasdaq: SFT), a leading end-to-end ecommerce platform for buying and selling used cars, today reported third quarter financial results for the period ended September 30, 2022. Management's commentary on third quarter financial results and outlook for the fourth quarter and full year 2022 can be found by accessing the Company's prepared remarks on investors.shift.com, or by listening to today's conference call. A live audio webcast will also be available on Shift's Investor Relations website.

Shift Announces Third Quarter Results

Shift Tech (SFT) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

Shift Tech (SFT) Expected to Beat Earnings Estimates: What to Know Ahead of Q3 Release

SAN FRANCISCO, Oct. 18, 2022 (GLOBE NEWSWIRE) -- Shift (Nasdaq: SFT), a leading end-to-end auto ecommerce platform transforming the used car industry with a technology-driven, hassle-free customer experience, announced today that it will report its financial results for the third quarter 2022, which ended September 30, 2022. The conference call, hosted by management, will take place on Tuesday, November 8, 2022 at 2:00 p.m. PT (5:00 p.m. ET) and will cover the company's business and financial results.

Shift to Report Third Quarter 2022 Financial Results on November 8, 2022

Tiga Acquisition Corp.

LOS ANGELES--(BUSINESS WIRE)--The Board of Directors of Grindr (the “Board”), the #1 social network for the LGBTQ community, today announced that George Arison, one of the few openly gay public company CEOs in the US, has been named Grindr's new Chief Executive Officer effective October 19, 2022. Additionally, Vanna Krantz, former CFO of Disney Streaming Services, has been appointed Chief Financial Officer, effective September 26, 2022. This leadership announcement is part of a planned transiti

Grindr Appoints George Arison as Chief Executive Officer and Vanna Krantz as Chief Financial Officer

SAN FRANCISCO, Aug. 25, 2022 (GLOBE NEWSWIRE) -- Shift Technologies, Inc. (Nasdaq: SFT) announced today that Emily Melton, Lead Director who has served on the company's Board since 2014, will be stepping down from the Board, effective August 31.

Emily Melton to Step Down from Shift's Board of Directors

Aerie Pharmaceuticals

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1Life Healthcare

NEW YORK , Aug. 25, 2022 /PRNewswire/ -- Halper Sadeh LLP, an investor rights law firm, is investigating the following companies for potential violations of the federal securities laws and/or breaches of fiduciary duties to shareholders relating to: 1Life Healthcare, Inc. (NASDAQ: ONEM)'s  sale to Amazon.com, Inc. for $18.00 per share in cash. If you are a 1Life shareholder, click here to learn more about your rights and options.

SHAREHOLDER INVESTIGATION NOTICE: Halper Sadeh LLP Investigates ONEM, CCXI, AERI, SFT

Vroom

Shares of Vroom Inc. VRM, +19.10% dove 3.8% and Shift Technologies Inc. SFT, -0.81% shed 2.4% in premarket trading Monday, after J.P. Morgan Rajat Gupta turned bearish on the online auto buying platforms, citing an expected continued challenging backdrop for the used car industry.

Vroom, Shift Technologies stocks sink after J.P. Morgan turns bearish, on continued challenges for used car industry

CarLotz

NEW YORK , Aug. 10, 2022 /PRNewswire/ -- Weiss Law is investigating possible breaches of fiduciary duty and other violations of law by the board of directors of CarLotz, Inc. ("CarLotz" or the "Company") (NASDAQ: LOTZ), in connection with the proposed merger of the Company with Shift Technologies, Inc. ("Shift") (NASDAQ: SFT). Under the terms of the merger agreement, Company shareholders will receive 0.692158 shares of Shift common stock for each share of CarLotz common stock, leaving then- current Shift equity holders owning approximately 52.9% and CarLotz then-current equity holders owning approximately 47.1% of the combined company upon closing of the transaction.

SHAREHOLDER ALERT: Weiss Law Investigates CarLotz, Inc.

Shift Technologies, Inc. (SFT) and CarLotz, Inc. (LOTZ) have announced a merger. These are the details.

Shift Technologies (SFT) And CarLotz (LOTZ) Announce Merger With New Business Plan

Shift Technologies, Inc. (NASDAQ:SFT ) Q2 2022 Earnings Conference Call August 9, 2022 5:00 PM ET Company Participants Henry Bird - Vice President, Strategy George Arison - Co-Founder & Chief Executive Officer Jeff Clementz - President & Incoming CEO Oded Shein - Chief Financial Officer Conference Call Participants Naved Khan - Truist Securities Seth Basham - Wedbush Brett Knoblauch - Cantor Fitzgerald Brian Nagel - Oppenheimer Operator Good day and welcome to the Shift Technologies Second Quarter 2022 Earnings Conference Call. All participants will be in a listen-only mode.

Shift Technologies, Inc. (SFT) CEO George Arison on Q2 2022 Results - Earnings Call Transcript

Shift Tech (SFT) delivered earnings and revenue surprises of -5.36% and 4.40%, respectively, for the quarter ended June 2022. Do the numbers hold clues to what lies ahead for the stock?

Shift Tech (SFT) Reports Q2 Loss, Lags Revenue Estimates

NEW YORK--(BUSINESS WIRE)--Halper Sadeh LLP, an investor rights law firm, is investigating whether the merger of Shift Technologies, Inc. (NASDAQ: SFT) and CarLotz, Inc. is fair to Shift shareholders. Under the terms of the merger agreement, CarLotz shareholders are expected to receive 0.692158 shares of Shift common stock for each share of CarLotz common stock. Upon closing of the merger, Shift shareholders would own approximately 52.9% of the combined company. Halper Sadeh encourages Shift sh

SFT Stock Alert: Halper Sadeh LLP Is Investigating Whether the Merger of Shift Technologies, Inc. Is Fair to Shareholders

Current President Jeff Clementz Appointed CEO and Member of the Board of Directors Effective September 1 Current President Jeff Clementz Appointed CEO and Member of the Board of Directors Effective September 1

Shift Announces Upcoming CEO Transition

SAN FRANCISCO and RICHMOND, Va., Aug. 09, 2022 (GLOBE NEWSWIRE) -- Shift Technologies, Inc. (Nasdaq: SFT), a leading end-to-end ecommerce platform for buying and selling used cars, and CarLotz, Inc. (Nasdaq: LOTZ), a leading consignment-to-retail used vehicle marketplace, announced today that they have entered into a definitive agreement to combine in a stock-for-stock merger. The combined company will continue to trade on Nasdaq under the ticker SFT.

Shift and CarLotz Agree To Merge, Creating a Differentiated Used Auto Ecommerce Retailer

SAN FRANCISCO, Aug. 09, 2022 (GLOBE NEWSWIRE) -- Shift Technologies, Inc. (Nasdaq: SFT), a leading end-to-end ecommerce platform for buying and selling used cars, announced today several business updates.

Shift Announces Merger with CarLotz; a New Business Plan that Enables the Company to Achieve Profitability in 2024; Appointment of new CEO; also Releases Q2 Results

SAN FRANCISCO, July 19, 2022 (GLOBE NEWSWIRE) -- Shift (Nasdaq: SFT), a leading end-to-end auto ecommerce platform transforming the used car industry with a technology-driven, hassle-free customer experience, announced today that it will report its financial results for the second quarter 2022, which ended June 30, 2022. The conference call, hosted by management, will take place on Tuesday, August 9, 2022 at 2:00 p.m. PT (5:00 p.m. ET) and will cover the company's business and financial results.

Shift to Report Second Quarter 2022 Financial Results on August 9, 2022

Shift Tech (SFT) might move higher on growing optimism about its earnings prospects, which is reflected by its upgrade to a Zacks Rank #2 (Buy).

Shift Tech (SFT) Upgraded to Buy: Here's Why

SAN FRANCISCO, July 01, 2022 (GLOBE NEWSWIRE) -- Shift Technologies, Inc. (Nasdaq: SFT), a leading end-to-end ecommerce platform for buying and selling used cars, today announced that on June 30, 2022 the Compensation Committee of its Board of Directors granted inducement restricted stock units (“RSUs”) to certain new employees previously affiliated with Fair Financial Corp. (“Fair”) who were offered employment in connection with the acquisition of Fair's assets and as inducements material to the new employees entering into employment with Shift. The RSUs were granted in accordance with Nasdaq Listing Rule 5635(c)(4).

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