Shift Technologies, Inc. (SFT)

NASDAQ: SFT · IEX Real-Time Price · USD
1.23
-0.01 (-0.81%)
At close: Aug 12, 2022 4:00 PM
1.25
+0.02 (1.63%)
After-hours: Aug 12, 2022 7:33 PM EDT
-0.81%
Market Cap 104.33M
Revenue (ttm) 819.33M
Net Income (ttm) -201.10M
Shares Out 84.82M
EPS (ttm) -2.28
PE Ratio n/a
Forward PE n/a
Dividend n/a
Ex-Dividend Date n/a
Volume 1,222,318
Open 1.22
Previous Close 1.24
Day's Range 1.16 - 1.28
52-Week Range 0.60 - 8.39
Beta 1.59
Analysts Buy
Price Target 5.25 (+326.8%)
Earnings Date Aug 9, 2022

About SFT

Shift Technologies, Inc., together with its subsidiaries, provides an ecommerce platform for buying and selling used cars. The company operates in two segments, Retail and Wholesale. It engages in the retail sale of used vehicles through its platform that enables mobile digital transaction, such as at-home 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,... [Read more...]

Industry Auto & Truck Dealerships
Founded 2013
Employees 1,299
Stock Exchange NASDAQ
Ticker Symbol SFT
Full Company Profile

Financial Performance

In 2021, SFT's revenue was $636.87 million, an increase of 225.40% compared to the previous year's $195.72 million. Losses were -$166.27 million, 181.1% more than in 2020.

Financial Statements

Analyst Forecast

According to 16 analysts, the average rating for SFT stock is "Buy." The 12-month stock price forecast is 5.25, which is an increase of 326.83% from the latest price.

Price Target
$5.25
(326.83% upside)
Analyst Consensus: Buy
Stock Forecasts

News

SHAREHOLDER ALERT: Weiss Law Investigates CarLotz, Inc.

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"...

Other symbols: LOTZ

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

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?

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

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. U...

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

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. (Na...

Shift Announces Merger with CarLotz; a New Business Plan that Enables the Company to Achieve Profitability in 2024; A...

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 Upcoming CEO Transition

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 Sept...

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

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 exper...

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

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 Announces Inducement Grants Under Nasdaq Listing Rule 5635(c)(4)

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 t...

Shift to Participate at Upcoming Investor Conferences

SAN FRANCISCO, May 26, 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 w...

Shift Closes Acquisition of Fair's Dealer Listing Marketplace Technology

SAN FRANCISCO, May 12, 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-f...

Shift Tech (SFT) Reports Q1 Loss, Tops Revenue Estimates

Shift Tech (SFT) delivered earnings and revenue surprises of 2.78% and 4.47%, respectively, for the quarter ended March 2022. Do the numbers hold clues to what lies ahead for the stock?

Shift to Report First Quarter 2022 Financial Results on May 10, 2022

SAN FRANCISCO, April 08, 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 expe...

Shift Tech (SFT) Reports Q4 Loss, Tops Revenue Estimates

Shift Tech (SFT) delivered earnings and revenue surprises of -12.70% and 6.44%, respectively, for the quarter ended December 2021. Do the numbers hold clues to what lies ahead for the stock?

Shift to Acquire Fair's Dealer Listing Marketplace Technology, Team to Expand E-commerce Auto Platform; SoftBank Grou...

SAN FRANCISCO, March 15, 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 expe...

Shift Grows Revenue 167% in Q4'2021; Strong Guidance for 2022 Reflects Continued Rapid Growth with Significant Operat...

SAN FRANCISCO, March 15, 2022 (GLOBE NEWSWIRE) -- Shift Technologies, Inc. (Nasdaq: SFT), a leading end-to-end ecommerce platform for buying and selling used cars, today reported fourth quarter financia...

Short-Squeeze Stocks: Top 10 Stocks With High Short Interest Today

Short-squeeze stocks continue to be a hot topic with retail traders and we're going over the top ones to keep an eye on for Tuesday! The post Short-Squeeze Stocks: Top 10 Stocks With High Short Interest...

After Plunging 36.5% in 4 Weeks, Here's Why the Trend Might Reverse for Shift Tech (SFT)

Shift Tech (SFT) has become technically an oversold stock now, which implies exhaustion of the heavy selling pressure on it. This, combined with strong agreement among Wall Street analysts in revising e...

Shift to Host Its First-Ever Pop Up, Car to Cash, in Los Angeles

SAN FRANCISCO, Jan. 21, 2022 /PRNewswire/ -- Shift (Nasdaq: SFT), a leading end-to-end auto ecommerce platform transforming the used car industry with a technology-driven, hassle-free customer experienc...

Shift Technologies Enters $100M Floorplan Facility With Ally Financial

Shift Technologies Inc (NASDAQ: SFT) announced a $100 million committed floorplan facility with Ally Financial Inc (NYSE: ALLY), a digital financial services company.  The new floorplan financing has a ...

Other symbols: ALLY

Shift Technologies Announces New $100 million Floorplan Facility

SAN FRANCISCO, Dec. 13, 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...

Is the Options Market Predicting a Spike in Shift Technologies (SFT) Stock?

Investors need to pay close attention to Shift Technologies (SFT) stock based on the movements in the options market lately.

Shift to Present at Upcoming Investor Conference

SAN FRANCISCO, Nov. 29, 2021 (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 ...

Shift Grows Revenue 200% in Q3'2021, Raises Guidance for 2021

SAN FRANCISCO, Nov. 11, 2021 (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 ...

Why Earnings Season Could Be Great for Shift (SFT)

Shift (SFT) is seeing favorable earnings estimate revision activity and has a positive Zacks Earnings ESP heading into earnings season.