Page 3 - Michael Bor News Today

CarLotz Plants Roots in the Rockies CarLotz Denver Consignment-to-Retail Auto Company Plans First Colorado Hub RICHMOND, Va., June 01, 2021 (GLOBE NEWSWIRE) — CarLotz (NASDAQ: LOTZ), the nation’s largest consignment-to-retail used vehicle marketplace, announced today it will open a hub in Denver, Colorado. Located at 8120 West Tufts Avenue in Denver, the hub is the first for CarLotz in Colorado and in the Rockies. It is expected to open later this year. “Anticipation around this hub has ...

CarLotz explains impact of consignment pause from sourcing partner File photo CarLotz location near Chicago. Photo courtesy of the company. Wednesday, May. 26, 2021, 04:31 PM By Joe Overby Senior Editor CarLotz filed a Form 8-K with the Securities and Exchange Commission on Wednesday, explaining that its “profit-sharing corporate vehicle sourcing partner” has notified CarLotz that it has paused consignments to the company, given the condition of the wholesale veh...

Share: Used vehicle marketplace company CarLotz Inc (NASDAQ: LOTZ) issued a company update thats sending shares down sharply on Wednesday morning. What Happened: A leading corporate vehicle sourcing partner for CarLotz has paused consignments to the company. In the first three months of 2021, this sourcing partner represented 60% of all cars sold and sourced by CarLotz. In the second quarter to date, the consignment partner represented less than 50% of cars sold and 25% of cars sourced by Ca...

Share: Michael Bor, CEO of CarLotz is a consignment business for cars in that the company professionally markets and sells cars for its customers, the CEO said.  The company offers financing, warranties and trade-in options for buyers while providing convenience and greater proceeds to sellers than they would otherwise receive via the traditional trade-in process, he said.  CarLotzs business model of offering car sales as a service allows it to capture the value of selling cars without ta...

CarLotz Accelerates Growth in the Sunshine State Clearwater to be Home of Next Hub May 06, 2021 09:03 ET | Source: CarLotz, Inc. CarLotz, Inc. Richmond, Virginia, UNITED STATES RICHMOND, Va., May 06, 2021 (GLOBE NEWSWIRE) -- CarLotz (NASDAQ: LOTZ), the nation’s largest consignment-to-retail used vehicle marketplace, announced today it will open its third Florida hub in the coming months. Located at 13525 US Highway 19 in Clearwater, this hub wi...

CarLotz hires senior VP of technology Image courtesy of the company. Wednesday, May. 05, 2021, 04:03 PM By Auto Remarketing Staff RICHMOND, Va. -  CarLotz has named former Amazon Web Services executive William Vallier as senior vice president of technology, describing him as a digital transformation veteran. “His innovative thinking and strong execution skills will strengthen the company’s technology and systems capabilities as we execute on the most d...

CarLotz to open third Florida hub Image courtesy of the company. Thursday, May. 06, 2021, 02:37 PM By Auto Remarketing Staff RICHMOND, Va. -  Adding to sister hubs in Tampa and outside of Orlando on Merritt Island, CarLotz said it will soon open its third Florida hub. The company’s co-founder and chief executive officer Michael Bor said its consignment model has been successful in the Sunshine State.  “As CarLotz continues to expand across the Southeas...

CarLotz expands to Golden State Image courtesy of the company. Monday, Apr. 26, 2021, 03:52 PM By Auto Remarketing Staff RICHMOND, Va. -  Continuing what it describes as a rapid expansion, CarLotz said it will soon open its first California hub. The move will be CarLotz’s first expansion into California, which CarLotz co-founder and chief executive officer Michael Bor described as “one of the nation’s most diverse, inclusive and dynamic states.” Ca...

CarLotz is now officially a publicly traded company. Its shares began trading Friday on the Nasdaq Global Market, following the completion of its merger Thursday with Acamar Partners Acquisition Corp., a special purpose acquisition corporation. The merger was The combined company’s ticker symbol is “LOTZ.” “Today marks another major milestone for CarLotz as we begin this next chapter as a public company. I couldn’t be more proud of the CarLotz team today, including all our CarLotz al...

CarLotz said Monday it is launching a national hub network and will start with locations in the Seattle and Orlando, Fla., markets. The consignment-to-retail used-car marketplace aims to have both hub locations open by Feb. 1.