Skip to main content

Shift Technologies, Inc. (SFT)

NASDAQ: SFT · IEX Real-Time Price · USD
6.74
+0.02 (0.30%)
After-hours:Oct 22, 2021 6:30 PM EDT
6.72
-0.33 (-4.68%)
At close: Oct 22, 4:00 PM
Market Cap565.66M
Revenue (ttm)394.18M
Net Income (ttm)-102.24M
Shares Out78.05M
EPS (ttm)-1.82
PE Ration/a
Forward PEn/a
Dividendn/a
Ex-Dividend Daten/a
Volume1,462,902
Open7.00
Previous Close7.05
Day's Range6.61 - 7.03
52-Week Range6.17 - 11.49
Betan/a
AnalystsStrong Buy
Price Target13.18 (+96.1%)
Est. Earnings DateNov 11, 2021

About SFT

Shift Technologies, Inc. provides end-to-end auto ecommerce platform for buying and selling of used cars. The company operates through two segments, Retail and Wholesale. It engages in the retail sale of used vehicles through its platform that enables mobile digital transaction, such as car searching, scheduling an on-demand test drive, and purchasing at home or at the preferred site of a test drive, as well as provides financing and services. The company also provides value added products, such as vehicle service contracts, guaranteed asset pr...

IndustryInternet Retail
Founded2013
Employees874
Stock ExchangeNASDAQ
Ticker SymbolSFT
Full Company Profile

Financial Performance

In 2020, SFT's revenue was $195.72 million, an increase of 17.74% compared to the previous year's $166.24 million. Losses were -$59.15 million, -26.51% less than in 2019.

Financial Statements

Analyst Forecast

According to 11 analysts, the average rating for SFT stock is "Strong Buy." The 12-month stock price forecast is 13.18, which is an increase of 96.13% from the latest price.

Price Target
$13.18
(96.13% upside)
Analyst Consensus: Strong Buy

News

Shift to Report Third Quarter of Fiscal Year 2021 Financial Results on November 11, 2021

SAN FRANCISCO, Oct. 22, 2021 (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 exper...

17 hours ago - GlobeNewsWire

Shift Appoints Experienced Ecommerce Leader Jeff Clementz as President

SAN FRANCISCO, Sept. 30, 2021 (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 expe...

3 weeks ago - GlobeNewsWire

Shift Technologies Stock Gains After Q2 Beat, Raised FY21 Outlook

Shift Technologies Inc (NASDAQ: SFT) reported second-quarter FY21 sales growth of 377% year-on-year, to $154.9 million, beating the analyst consensus of $125.6 million. Total units sold were 7,815, a ri...

2 months ago - Benzinga

Recap: Shift Technologies Q2 Earnings

Shares of Shift Technologies (NASDAQ:SFT) rose in after-market trading after the company reported Q2 results. Quarterly Results Earnings per share rose 92.92% over the past year to ($0.41), which beat t...

2 months ago - Benzinga

Shift Grows Revenue 377% in Q2'2021, Raises Guidance for 2021

SAN FRANCISCO, Aug. 10, 2021 (GLOBE NEWSWIRE) -- Shift Technologies, Inc. (Nasdaq: SFT), a leading end-to-end ecommerce platform for buying and selling used cars, today reported second quarter financial...

2 months ago - GlobeNewsWire

Shift to Attend Upcoming Investor Conferences

SAN FRANCISCO, Aug. 09, 2021 (GLOBE NEWSWIRE) -- Shift (Nasdaq: SFT), a leading end-to-end ecommerce platform for buying and selling used cars, today announced that senior management will attend the fol...

2 months ago - GlobeNewsWire

Shift to Report Second Quarter of Fiscal Year 2021 Financial Results on August 10, 2021

SAN FRANCISCO, July 21, 2021 (GLOBE NEWSWIRE) -- Shift (Nasdaq: SFT), a leading end-to-end ecommerce platform for buying and selling used cars, announced today that it will report second quarter of fisc...

3 months ago - GlobeNewsWire

Shift Begins Selling Cars to Customers in Dallas-Fort Worth Area

Third and fourth sales markets in Texas include signature test drive delivery service Third and fourth sales markets in Texas include signature test drive delivery service

3 months ago - GlobeNewsWire

Carvana Gets Downgrade From Analyst Who Favors These Two Used Car Companies Instead

The growth of the used car market was sized up by an analyst Tuesday offering three stocks to watch.  The Carvana Analyst: Piper Sandler analyst Alexander E.

Other symbols:CVNAVRM
3 months ago - Benzinga

5 Sizzling Stocks To Buy Now Trading Under $10 With Massive Upside Potential

While most of Wall Street focuses on large and mega-cap stocks, as they provide a degree of safety and liquidity, many investors are limited in the number of shares they can buy.

Other symbols:COTYKGCQCOMVXRT
3 months ago - 24/7 Wall Street

Shift Adds Retail Veteran Jason Curtis As Chief Accounting Officer

SAN FRANCISCO, June 24, 2021 (GLOBE NEWSWIRE) -- Shift (NASDAQ: SFT), a leading end-to-end auto ecommerce platform that is transforming the used car industry with a technology-driven, hassle-free custom...

3 months ago - GlobeNewsWire

Shift Executives Announce Purchase of Shares

SAN FRANCISCO, June 01, 2021 (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 exper...

4 months ago - GlobeNewsWire

Shift to Present at Upcoming Investor Conferences

SAN FRANCISCO, May 27, 2021 (GLOBE NEWSWIRE) -- Shift (Nasdaq: SFT), a leading end-to-end ecommerce platform for buying and selling used cars, today announced that senior management will present to the ...

4 months ago - GlobeNewsWire

Shift Technologies, Inc. Announces Pricing of Upsized $125,000,000 Convertible Notes Offering

SAN FRANCISCO, May 25, 2021 (GLOBE NEWSWIRE) -- Shift Technologies, Inc. (NASDAQ: SFT ) today announced the pricing of $125,000,000 aggregate principal amount of 4.75% convertible senior notes due 2026 ...

4 months ago - GlobeNewsWire

Why Shift Technologies Stock Plunged Today

Ongoing cash burn is leading the company to raise some cash.

4 months ago - The Motley Fool

Shift Technologies to Raise $75M Via Institutional Debt

Shift Technologies Inc (NASDAQ: SFT) seeks to raise $75 million from a private institutional offering of senior notes due 2026. The initial purchasers of the notes have thirteen days to procure up to an...

4 months ago - Benzinga

Shift Technologies, Inc. Announces $75,000,000 Convertible Notes Offering

SAN FRANCISCO, May 24, 2021 (GLOBE NEWSWIRE) -- Shift Technologies, Inc. (NASDAQ: SFT ) today announced its intention to offer, subject to market conditions and other factors, $75,000,000 aggregate prin...

4 months ago - GlobeNewsWire

Shift Triples Revenue & Ecommerce Unit Sales in Q1'2021, Raises Guidance for 2021

SAN FRANCISCO, May 12, 2021 (GLOBE NEWSWIRE) -- Shift Technologies, Inc. (Nasdaq: SFT), a leading end-to-end ecommerce platform for buying and selling used cars, today reported first quarter financial r...

5 months ago - GlobeNewsWire

Shift Begins Selling Cars to Customers in Austin-San Antonio Area

SAN FRANCISCO, May 10, 2021 /PRNewswire/ -- Leading used car ecommerce platform Shift (NASDAQ: SFT) has launched a new market for consumers to buy its cars in Texas. With this launch, consumers in the A...

5 months ago - PRNewsWire

Shift Begins Buying Cars from Consumers in Las Vegas

SAN FRANCISCO, May 4, 2021 /PRNewswire/ -- Leading used car ecommerce platform Shift (NASDAQ: SFT) today announced the launch of its service to purchase cars from consumers in the Las Vegas region. With...

5 months ago - PRNewsWire

Shift to Report First Quarter of Fiscal Year 2021 Financial Results on May 12, 2021

SAN FRANCISCO, April 20, 2021 (GLOBE NEWSWIRE) -- Shift (Nasdaq: SFT), a leading end-to-end ecommerce platform for buying and selling used cars, announced today that it will report first quarter of fisc...

6 months ago - GlobeNewsWire

Shift Announces Date of Annual Shareholder Meeting and Record Date

SAN FRANCISCO, April 05, 2021 (GLOBE NEWSWIRE) -- Shift, a leading end-to-end auto ecommerce platform that is transforming the used car industry with a technology-driven, hassle-free customer experience...

6 months ago - GlobeNewsWire

Shift Technologies Appoints Retail Veteran Oded Shein As Finance Chief

End-to-end auto e-commerce platform Shift Technologies Inc (NASDAQ: SFT) announced the appointment of retail veteran Oded Shein as the CFO, effective after filing 10-K for FY20. Shein succeeds Cindy Han...

7 months ago - Benzinga

Shift Technologies Appoints Retail Industry Veteran, Oded Shein, as Chief Financial Officer

SAN FRANCISCO, March 15, 2021 (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 expe...

7 months ago - GlobeNewsWire

Shift Announces Record Revenue & Unit Sales in Q4'2020, with Strong Growth Momentum for 2021

SAN FRANCISCO, March 08, 2021 (GLOBE NEWSWIRE) -- Shift (Nasdaq: SFT), a leading end-to-end ecommerce platform for buying and selling used cars, today reported fourth quarter and annual financial result...

7 months ago - GlobeNewsWire