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new York, July 18, 2021 /PRNewswire/ – Pomerantz LLP is investigating claims on behalf of the following investors CarLotz, Inc. (“CarLotz” or “Company”) (NASDAQ:Lotz).It is recommended that such investors contact Robert S. Willoughby in newaction@pomlaw.com Or 888-476-6529, ext. 7980.
The investigation involves whether CarLotz and some of its officers and/or directors are engaged in securities fraud or other illegal business practices.
[Click here for information about joining the class action]
on March 15, 2021, CarLotz announced its 2020 fourth quarter and full year financial results. In a related conference call, the company stated that due to “a sharp increase in inventory this quarter, which has led to a decline in retail unit profitability,” gross profit and gross profit per unit (“GPU”) were “below…expected.” CarLotz also reported that the additional inventory “created a deadlock, leading to…
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