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Benzinga
Benzinga
Business
Adam Eckert

Why CarLotz Shares Are Falling After Hours

CarLotz Inc (NASDAQ:LOTZ) shares are trading lower in Tuesday's after-hours session after the company reported financial results, but refrained from providing guidance. 

CarLotz said fourth-quarter revenue increased 124% year-over-year to $83.1 million. The company reported an expanding net loss of 12 cents per share, which was worse than the loss of 7 cents per share in the fourth quarter of 2020. 

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