CarLotz is a consignment-to-retail used vehicle marketplace that provides its corporate vehicle sourcing partners and retail sellers of used vehicles with the ability to access the retail sales channel. Co. provides its products and services to corporate vehicle sourcing partners, which includes fleet leasing companies, vehicle rental companies, banks, finance companies, third-party remarketers and wholesalers; retail sellers, which provides selling experience that allows them to track the sale process through its online portal; and retail customers, which buyers can browse its inventory online through its website or at its locations as well as from its financing and insurance products. We show 9 historical shares outstanding datapoints in our LOTZ shares outstanding history coverage, used to compute LOTZ market cap on those dates.
Understanding the changing numbers of shares outstanding, the changing
share price, and the resulting changing LOTZ market cap history over the course of time is important for investors
interested in comparing LOTZ's market cap history versus its peers.
Many "beginner" or "novice" investors will look at one stock trading at a price of $10 per share and another trading at
a price of $20 per share and think the latter company is worth twice as much. Of course, that is a completely meaningless comparison without also knowing how many shares outstanding there are for each of the two companies,
and then calculating their respective market caps. Comparing the share price of LOTZ versus a peer is one thing; comparing
LOTZ market cap versus a peer is a completely different story.
Furthermore, via fluctuation both in per-share price and in the number of shares outstanding (via issuance of new shares over time, the repurchase of existing shares),
the market cap for a company like LOTZ can fluctuate over the course of history.
With this page we aim to empower investors researching LOTZ by allowing them to research the LOTZ market cap history. |
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Video: The Importance of Market Cap
