SAN DIEGO , June 8, 2021 /PRNewswire/ -- Shareholder rights law firm Johnson Fistel, LLP is investigating potential violations of the federal securities laws by CarLotz, Inc. ("CarLotz" or "the Company") (NASDAQ: LOTZ).
On May 10, 2021 , CarLotz reported the Company's financial results for the first quarter of 2021. CarLotz reported a per-share loss of $(0.15) , missing the consensus earnings estimate of $0.01 . Following this news, CarLotz's stock price fell, closing down 14.44% on May 11, 2021 .
Then on May 26, 2021 , CarLotz revealed that the Company's profit-sharing corporate vehicle sourcing partner had paused consignments. The sourcing partner accounted for more than 60% of the cars sold and sourced in the Company's first quarter. Following this news, CarLotz's stock price fell, closing down over 13% on May 26, 2021 .
If you have information that could assist in this investigation, including past employees and others, or if you are a CarLotz shareholder and are interested in learning more about the investigation, please contact Jim Baker ( jimb@johnsonfistel.com ) by email or phone at 619-814-4471. If emailing, please include a phone number.
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About Johnson Fistel , LLP:
Johnson Fistel , LLP is a nationally recognized shareholder rights law firm with offices in California , New York and Georgia . The firm represents individual and institutional investors in shareholder derivative and securities class action lawsuits. For more information about the firm and its attorneys, please visit http://www.johnsonfistel.com . Attorney advertising. Past results do not guarantee future outcomes.
Contact:
Johnson Fistel , LLP
Jim Baker , 619-814-4471
jimb@johnsonfistel.com
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SOURCE Johnson Fistel , LLP