An investigation for investors in CarLotz, Inc. (NASDAQ: LOTZ) shares over potential securities laws violations by CarLotz, Inc. was announced.

San Diego, CA -- (SBWire) -- 06/09/2021 --CarLotz, Inc is under investigation over potential securities laws violations in connection with certain financial statements.

Investors who purchased shares of CarLotz, Inc. (NASDAQ: LOTZ), have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.

The investigation by a law firm focuses on whether a series of statements by CarLotz, Inc. regarding its business, its prospects and its operations were materially false and misleading at the time they were made.

Richmond, VA based CarLotz, Inc. operates as a consignment-to-retail used vehicle marketplace that provides its corporate vehicle sourcing partners and retail sellers of used vehicles.

On May 10, 2021, CarLotz, Inc. announced first quarter 2021 results, reporting amongst other things, GAAP earnings per share of -$0.15, missing consensus estimates of $0.01.

Then, on May 26, 2021, CarLotz, Inc. announced that its profit-sharing corporate vehicle sourcing partner had "paused consignments" to the Company. This partner accounted for more than 60% of cars sold and sourced by CarLotz.

Shares of CarLotz, Inc. (NASDAQ: LOTZ) declined from $12.7 per share on January 21, 2021, to as $4.06 per share on May 26, 2021.

Those who purchased shares of CarLotz, Inc. (NASDAQ: LOTZ) have certain options and should contact the Shareholders Foundation.

Contact:
Shareholders Foundation, Inc.
Michael Daniels
3111 Camino Del Rio North - Suite 423
92108 San Diego
Phone: +1-(858)-779-1554
Fax: +1-(858)-605-5739
mail@shareholdersfoundation.com

About Shareholders Foundation, Inc.
The Shareholders Foundation, Inc. is a professional portfolio monitoring and settlement claim filing service, , which does research related to shareholder issues and informs investors of securities class actions, settlements, judgments, and other legal related news to the stock/financial market. Shareholders Foundation, Inc. is in contact with a large number of shareholders and offers help, support, and assistance for every shareholder. The Shareholders Foundation, Inc. is not a law firm. Referenced cases, investigation, and/or settlements are not filed/reached and/or related to Shareholders Foundation. The information is provided as a public service. It is not intended as legal advice and should not be relied upon.