Shift Technologies, Inc.

OTCPK:SFTG.Q Rapport sur les actions

Capitalisation boursière : US$1.7k

Shift Technologies Gestion

Gestion contrôle des critères 0/4

Nous ne disposons actuellement pas d’informations suffisantes sur le PDG.

Informations clés

Ayman Moussa

Directeur général

n/a

Rémunération totale

Pourcentage du salaire du PDGn/a
Durée du mandat du directeur général1.3yrs
Propriété du PDGn/a
Durée moyenne d'occupation des postes de direction1.9yrs
Durée moyenne du mandat des membres du conseil d'administration1.8yrs

Mises à jour récentes de la gestion

Recent updates

Article d’analyse • Nov 13

Analysts Just Made A Major Revision To Their Shift Technologies, Inc. (NASDAQ:SFT) Revenue Forecasts

One thing we could say about the analysts on Shift Technologies, Inc. ( NASDAQ:SFT ) - they aren't optimistic, having...
Seeking Alpha • Aug 10

Shift Technologies: More Roadkill In The Online Auto Retailing Space

Today, we take our first look at Shift Technologies, a fast-growing name in the ecommerce auto retailing space that just made a major purchase. Despite over 100% revenue growth last quarter, the company is far away from profitability. Shift Technologies just reported second quarter results. The company also disclosed it will acquire CarLotz. As overall auto sales in the U.S. are now declining, how will the company fare in the quarters ahead? An investment analysis follows in the paragraphs below. Sooner or later in life, we will all take our own turn being in the position we once had someone else in. ― Ashly Lorenzana Today, we put the spotlight on Shift Technologies (SFT) for the first time in this column. The company is in what has become a fast-growing part of auto retailing market, but one that has attracted myriad competitors. Despite solid revenue growth the stock finds itself deep in Busted IPO territory. The company just announced a major acquisition. Can the shares rebound? An analysis follows below. Seeking Alpha Company Overview: Shift Technologies is based in San Francisco. The company provides an ecommerce platform for buying and selling used cars and is in both the Retail and Wholesale parts of the market. Shift's platform 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. It also offers add on services such as vehicle service contracts wheel and tire coverage, and prepaid maintenance plans. The company came public via a merger with sponsored blank-check company, INSU Acquisition late in 2020. In March of this year, Shift agreed to acquire certain assets of Fair Technologies for a combination of cash and shares of Shift's Class A common stock. Part of the purchase was financed via notes at 6% interest due in 2025. Fair Technologies ran an online auto marketplace and the deal expanded the company's inventory, capabilities and added engineering and design team talent. The purchase provided customers greater access to a larger selection of owned and third-party vehicles for a test drive or direct purchase. The stock currently trades around $1.30 a share and has an approximate market capitalization of $110 million. First Quarter Results: On May 11th, the company posted first quarter numbers. The company had a GAAP loss of 70 cents a share, more than a dime a share less than expectations. Revenues rose more than 105% on a year-over-year basis to nearly $220 million. Even that robust growth was nearly $15 million below the consensus. The company sold 6,741 ecommerce vehicles during the quarter, up over 50% from the levels of 1Q2021. Second Quarter Results: The company reported second quarter results yesterday. Once again the company missed expectations both on the top and bottom lines. Shift Technologies posted a non-GAAP loss of 64 cents a share as revenue growth slowed to some 44% on a year-over-year basis to $223.7 million. The company also disclosed it will acquire CarLotz (LOTZ) in an all-stock deal. CarLotz had just over 2,400 vehicle sales in the second quarter. Growth is noticeably slowing in recent quarters. Year over year sales comparisons are also going to get harder in coming quarters as the company focuses on more profitable sales. In addition, overall autos sales are contracting as one can see here in July auto sales that show all the major manufacturing seeing significant demand challenges. This is due to higher interest rates, continued supply chain challenges and ebbing demand due to a fast slowing economy, which is likely in recession as I detailed earlier this week. Analyst Commentary & Balance Sheet: The analyst community is largely negative on the company at the moment. Since the last earnings report, four analyst firms including William Blair and BTIG have maintained downgraded the shares to a Hold rating. Only Piper Sandler ($9 price target) and Cantor Fitzgerald ($4 price target) have remained in the Bull camp. Approximately 20% of the shares outstanding are currently held short. There has been no insider activity in the shares for more than a year. The company ended the first quarter with just over $105 million worth of cash and marketable securities on the balance sheet after burning through $88 million worth of cash during the quarter. $38 million of that was to build inventory and additional funds were used for last year's incentive payment. Management anticipates cash burn will be reduced substantially in the coming quarters. Long term debt stands at approximately $145 million.
Seeking Alpha • May 19

Shift: The Clock Is Ticking. Going Bankrupt, Or To The Moon?

In my opinion, Shift is being priced for an imminent bankruptcy, with the used auto e-commerce platform's stock trading at ~1x cash levels. While Shift's liquidity situation remains challenging, the business is performing within management's guideposts, and the outlook for 2022 remains unchanged despite macro challenges. In this note, I discuss Shift's Q1 2022 results and its liquidity position. Furthermore, I lay out the binary nature of this bet. I rate Shift a strong buy at $1 per share due to the asymmetric risk/reward on offer.
Seeking Alpha • Mar 22

Shift Q4 Review: I Am More Bullish Than Ever

On 15th March, Shift delivered another record-breaking quarterly report with Q4 2021 sales and margins coming ahead of guidance. Despite guiding for some softness in Q1 results, Shift's management is looking at another year of rapid growth in 2022, with significant improvement in operational margins. On the earnings call, Shift's management expressed confidence in its path to profitability and its ability to attract investors. Softbank is financing Shift's $20M acquisition of Fair's dealer listing marketplace, and it is also an equity investor in Shift now. This is a great sign of confidence in Shift's business and management team. Shift's stock is trading at net cash levels, i.e., the stock is pricing in bankruptcy. With a clear path to profitability, Shift is a mispriced security, and I am more bullish on it than ever.
Seeking Alpha • Jan 12

Shift Is Now A Deep Value Play

In today's note, we will discuss Shift's latest quarterly report, in which the company grew at 200% y/y. The violent sell-off in growth stocks has left Shift trading below 1x of the cash on its balance sheet. It is fair to say, Shift is now in deep-value territory. While Shift's growth is enormous and the future appears brighter than ever, the company is not without risks, the details of which, I will share with you today. I continue to remain bullish on Shift's business, and as such, I rate it a strong buy at $3.
Seeking Alpha • Nov 30

What Happened To Shift Technologies

Shift Technologies reported strong Q3 earnings results. Yet, sellers have taken the stock down 30% post-earnings. The most likely cause of the severe weakness appears to be overhang from an expired lock-up period and the prospect of absorbing a massive percentage of outstanding shares.
Seeking Alpha • Oct 17

Shift Technologies: Significantly Undervalued

The DCF model indicates intrinsic value of $17.9. The company enjoys quite high consumer satisfaction level. The management is successfully improving margins and is expected to generate positive earnings in upcoming years.
Seeking Alpha • Jul 29

Shift: Shifts Gears Fast But Let's Connect The Dots First

The company's digital and inventory health remain strong, with a large room for improvement. Undoubtedly, growth and operational scale are the catalysts for improving margins and positive cash flow generation. Despite the unpredictability of cash flows and the reliance on external parties for financing, the overall market's and company's outlook are optimistic. SFT is the cheapest 'vehicle' to profit from the used car market boom. The company maintains attractive valuation metrics, considerably lower than its two leading competitors.
Article d’analyse • Mar 11

Earnings Release: Here's Why Analysts Cut Their Shift Technologies, Inc. (NASDAQ:SFT) Price Target To US$12.33

Shift Technologies, Inc. ( NASDAQ:SFT ) shareholders are probably feeling a little disappointed, since its shares fell...
Article d’analyse • Mar 10

News Flash: Analysts Just Made A Meaningful Upgrade To Their Shift Technologies, Inc. (NASDAQ:SFT) Forecasts

Shift Technologies, Inc. ( NASDAQ:SFT ) shareholders will have a reason to smile today, with the analysts making...

PDG

Ayman Moussa

1.3yrs
Titularisation

Mr. Ayman Moussa is Chief Executive Officer and Director of Shift Technologies, Inc. from June 9, 2023 and served as its Chief Operations Officer since 2023 until 2023. Mr. Moussa successfully founded and...

Équipe de direction

NomPositionTitularisationCompensationPropriété
Jeffrey Clementz
Strategic Advisor1.3yrsUS$2.47m0.16%
$ 2.8
Ayman Moussa
CEO & Director1.3yrspas de donnéespas de données
Christian Ohler
Co-Founder11.7yrspas de donnéespas de données
Tina Novoa
Senior Vice President of Operations1.7yrspas de donnéespas de données
Keith Vertrees
Senior VP and Chief Product & Technology Officer2.1yrspas de donnéespas de données
Tracy Notte
Chief People Officer1.7yrspas de donnéespas de données
Mark McCollum
Chief Revenue Officer4yrspas de donnéespas de données
Ryan Lawrence
Corporate Secretary2.8yrspas de donnéespas de données
1.9yrs
Durée moyenne de l'emploi

Gestion expérimentée: L'équipe de direction de SFTG.Q n'est pas considérée comme expérimentée (ancienneté moyenne 1.9 ans), ce qui suggère une nouvelle équipe.

Membres du conseil d'administration

NomPositionTitularisationCompensationPropriété
Ayman Moussa
CEO & Director1.3yrspas de donnéespas de données
James Skinner
Lead Independent Director1.8yrsUS$3.40k0.11%
$ 1.8
Kimberly Sheehy
Independent Director1.8yrsUS$3.71k0.93%
$ 15.9
Adam Nash
Independent Director3.9yrsUS$147.82k0.0084%
$ 0.1
1.8yrs
Durée moyenne de l'emploi
59yo
Âge moyen

Conseil d'administration expérimenté: Le conseil d'administration de la SFTG.Q n'est pas considéré comme expérimenté ( 1.8 années d'ancienneté moyenne), ce qui suggère un nouveau conseil d'administration.

Analyse de l'entreprise et données financières

DonnéesDernière mise à jour (heure UTC)
Analyse de l'entreprise2024/09/30 18:21
Cours de l'action en fin de journée2024/09/27 00:00
Les revenus2023/06/30
Revenus annuels2022/12/31

Sources de données

Les données utilisées dans notre analyse de l'entreprise proviennent de S&P Global Market Intelligence LLC. Les données suivantes sont utilisées dans notre modèle d'analyse pour générer ce rapport. Les données sont normalisées, ce qui peut entraîner un délai avant que la source ne soit disponible.

PaquetDonnéesCadre temporelExemple de source américaine *
Finances de l'entreprise10 ans
  • Compte de résultat
  • Tableau des flux de trésorerie
  • Bilan
Estimations consensuelles des analystes+3 ans
  • Prévisions financières
  • Objectifs de prix des analystes
Prix du marché30 ans
  • Cours des actions
  • Dividendes, scissions et actions
Propriété10 ans
  • Actionnaires principaux
  • Délits d'initiés
Gestion10 ans
  • L'équipe dirigeante
  • Conseil d'administration
Principaux développements10 ans
  • Annonces de l'entreprise

* Exemple pour les titres américains ; pour les titres non américains, des formulaires réglementaires et des sources équivalentes sont utilisés.

Sauf indication contraire, toutes les données financières sont basées sur une période annuelle mais mises à jour trimestriellement. C'est ce qu'on appelle les données des douze derniers mois (TTM) ou des douze derniers mois (LTM). En savoir plus.

Modèle d'analyse et flocon de neige

Les détails du modèle d’analyse utilisé pour générer ce rapport sont disponibles sur notre page Github; nous proposons également des guides expliquant comment utiliser nos rapports et des tutoriels sur Youtube.

Découvrez l'équipe de classe mondiale qui a conçu et construit le modèle d'analyse Simply Wall St.

Indicateurs de l'industrie et du secteur

Nos indicateurs de secteur et de section sont calculés toutes les 6 heures par Simply Wall St. Les détails de notre processus sont disponibles sur Github.

Sources des analystes

Shift Technologies, Inc. est couverte par 12 analystes. 0 de ces analystes ont soumis les estimations de revenus ou de bénéfices utilisées comme données d'entrée dans notre rapport. Les soumissions des analystes sont mises à jour tout au long de la journée.

AnalysteInstitution
Michael WardBenchmark Company
Marvin FongBTIG
Benjamin SherlundCantor Fitzgerald & Co.