CarLotz Inc. [LOTZ] is -30.09% lower this YTD. Is it still time to buy?

CarLotz Inc. [NASDAQ: LOTZ] plunged by -$0.38 during the normal trading session on Thursday and reaching a high of $8.35 during the day while it closed the day at $7.83. The company report on March 16, 2021 that CarLotz Expands Footprint in Home State of Virginia.

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Company to Open Charlottesville Hub in May.

CarLotz (NASDAQ: LOTZ), the nation’s largest consignment-to-retail used vehicle marketplace, announced it will open a fourth hub in its home state of Virginia. The new hub, the Company’s twelfth nationwide, located at 1389 Richmond Road in Charlottesville, is expected to open by the end of May. CarLotz currently operates its other Virginia hubs in Richmond, Midlothian, and Chesapeake.

CarLotz Inc. stock has also loss -14.24% of its value over the past 7 days. However, LOTZ stock has declined by -24.60% in the 3 months of the year. Over the past six months meanwhile, it has lost -23.61% and lost -30.09% year-on date.

The market cap for LOTZ stock reached $883.77 million, with 112.87 million shares outstanding and 97.67 million shares in the current float. Compared to the average trading volume of 5.10M shares, LOTZ reached a trading volume of 7735579 in the most recent trading day, which is why market watchdogs consider the stock to be active.

Here’s what leading stock market gurus have to say about CarLotz Inc. [LOTZ]:

William Blair have made an estimate for CarLotz Inc. shares, keeping their opinion on the stock as Outperform, with their previous recommendation back on February 16, 2021.

The Average True Range (ATR) for CarLotz Inc. is set at 0.90, with the Price to Sales ratio for LOTZ stock in the period of the last 12 months amounting to 8.18. The Price to Book ratio for the last quarter was 0.99, with the Price to Cash per share for the same quarter was set at 0.00.

LOTZ stock trade performance evaluation

CarLotz Inc. [LOTZ] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -14.24. With this latest performance, LOTZ shares dropped by -26.55% in over the last four-week period, additionally sinking by -23.61% over the last 6 months – not to mention a drop of -22.55% in the past year of trading.

Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for LOTZ stock in for the last two-week period is set at 38.40, with the RSI for the last a single of trading hit 36.12, and the three-weeks RSI is set at 39.62 for CarLotz Inc. [LOTZ]. The present Moving Average for the last 50 days of trading for this stock 10.01, while it was recorded at 8.58 for the last single week of trading, and 10.20 for the last 200 days.

CarLotz Inc. [LOTZ]: An insightful look at the core fundamentals

CarLotz Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 7.40 and a Current Ratio set at 7.40.

CarLotz Inc. [LOTZ]: Insider Ownership positions

There are presently around $161 million, or 18.30% of LOTZ stock, in the hands of institutional investors. The top three institutional holders of LOTZ stocks are: GLAZER CAPITAL, LLC with ownership of 2,660,904, which is approximately -11.201% of the company’s market cap and around 33.40% of the total institutional ownership; PARK PRESIDIO CAPITAL LLC, holding 2,200,000 shares of the stock with an approximate value of $17.23 million in LOTZ stocks shares; and WOODSON CAPITAL MANAGEMENT, LP, currently with $15.66 million in LOTZ stock with ownership of nearly New of the company’s market capitalization.

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43 institutional holders increased their position in CarLotz Inc. [NASDAQ:LOTZ] by around 10,236,366 shares. Additionally, 54 investors decreased positions by around 17,195,141 shares, while 2 investors held positions by with 6,883,270 shares. The mentioned changes placed institutional holdings at 20,548,237 shares, according to the latest SEC report filing. LOTZ stock had 34 new institutional investments in for a total of 9,337,242 shares, while 34 institutional investors sold positions of 12,596,394 shares during the same period.

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