Shift Technologies (DB:4GI0) - Stock Price, News & Analysis

4GI0 Stock Overview

Provides an ecommerce platform for buying and selling used cars in the United States.

4GI0 fundamental analysis
Snowflake Score
Valuation	3/6
Future Growth	1/6
Past Performance	0/6
Financial Health	0/6
Dividends	0/6

Rewards

Revenue is forecast to grow 17.62% per year

Trading at good value compared to peers and industry

Risk Analysis

Negative shareholders equity

Shareholders have been substantially diluted in the past year

Shares are highly illiquid

Has less than 1 year of cash runway

+ 2 more risks

Shift Technologies, Inc. Competitors

Delticom

XTRA:DEX

€37.6m

Artnet

XTRA:ART

€31.7m

Weng Fine Art

DB:WFA

€20.4m

AUTO1 Group

XTRA:AG1

€2.0b

Price History & Performance

Summary of all time highs, changes and price drops for Shift Technologies
Historical stock prices
Current Share Price	US$1.90
52 Week High	US$14.71
52 Week Low	US$1.22
Beta	1.42
11 Month Change	0%
3 Month Change	0%
1 Year Change	-79.77%
33 Year Change	n/a
5 Year Change	n/a
Change since IPO	-98.10%

Recent updates

Shareholder Returns

	4GI0	DE Specialty Retail	DE Market
7D	0%	4.8%	-0.007%
1Y	-79.8%	10.6%	6.8%

Return vs Industry: 4GI0 underperformed the German Specialty Retail industry which returned -18.5% over the past year.

Return vs Market: 4GI0 underperformed the German Market which returned 5.9% over the past year.

Price Volatility

Is 4GI0's price volatile compared to industry and market?
4GI0 volatility
4GI0 Average Weekly Movement	n/a
Specialty Retail Industry Average Movement	5.4%
Market Average Movement	4.9%
10% most volatile stocks in DE Market	11.9%
10% least volatile stocks in DE Market	2.4%

Stable Share Price: 4GI0 has not had significant price volatility in the past 3 months.

Volatility Over Time: Insufficient data to determine 4GI0's volatility change over the past year.

About the Company

Founded	Employees	CEO	Website
2013	459	Jeff Clementz	www.shift.com

Shift Technologies, Inc., together with its subsidiaries, provides an ecommerce platform for buying and selling used cars in the United States. The company operates in two segments, Retail and Wholesale. It engages in the retail sale of used vehicles through its platform; and provides financing and vehicle protection products.

Shift Technologies, Inc. Fundamentals Summary

How do Shift Technologies's earnings and revenue compare to its market cap?
4GI0 fundamental statistics
Market cap	€25.50m
Earnings (TTM)	-€152.33m
Revenue (TTM)	€475.28m

0.1x

P/S Ratio

-0.2x

P/E Ratio

Is 4GI0 overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
4GI0 income statement (TTM)
Revenue	US$508.87m
Cost of Revenue	US$481.61m
Gross Profit	US$27.25m
Other Expenses	US$190.34m
Earnings	-US$163.09m

Last Reported Earnings

Mar 31, 2023

Next Earnings Date

n/a

Earnings per share (EPS)	-9.62
Gross Margin	5.36%
Net Profit Margin	-32.05%
Debt/Equity Ratio	-174.7%

How did 4GI0 perform over the long term?

See historical performance and comparison

4GI0 Stock Overview

Rewards

Risk Analysis

Shift Technologies, Inc. Competitors

XTRA:DEX

€37.6m

XTRA:ART

€31.7m

DB:WFA

€20.4m

XTRA:AG1

€2.0b

Price History & Performance

Recent News & Updates

Combined Hearing for DS & Plan Rejected for Shift Technologies, Inc.

Shift Technologies, Inc.(OTCPK:SFTG.Q) dropped from NASDAQ Composite Index

Maruthi J. D. Venkata Sends Letter to the Board of Shift Technologies

Shift Technologies, Inc.(NasdaqCM:SFT) dropped from S&P TMI Index

Nasdaq Commences Proceedings to Delist the Shift Technologies' Common Stock

Motion for Joint Administration Filed by Shift Technologies, Inc.

Recent updates

Combined Hearing for DS & Plan Rejected for Shift Technologies, Inc.

Shift Technologies, Inc.(OTCPK:SFTG.Q) dropped from NASDAQ Composite Index

Maruthi J. D. Venkata Sends Letter to the Board of Shift Technologies

Shift Technologies, Inc.(NasdaqCM:SFT) dropped from S&P TMI Index

Nasdaq Commences Proceedings to Delist the Shift Technologies' Common Stock

Motion for Joint Administration Filed by Shift Technologies, Inc.

Shift Technologies, Inc. Filed for Bankruptcy

Shift Technologies, Inc. Announces Board and Committee Changes

Shift Technologies, Inc. Announces Resignation of Victoria Mcinnis as Member of the Board of Directors

Shift Technologies, Inc. to Report Q2, 2023 Results on Aug 10, 2023

Shift Technologies, Inc. Plans to Reduce the Workforce

Shift Technologies, Inc. Announces Executive Changes

Shift Appoints Ayman Moussa as New CEO

Shift Technologies, Inc. announced delayed 10-Q filing

Shift Technologies Receives Written Notice from Nasdaq Regarding Minimum Value of Listed Securities

A local dealership group has agreed to acquire East Coast Stores of Shift Technologies, Inc. (NasdaqCM:SFT).

Shift Technologies Receives Non-Compliance Notice from Nasdaq

Shift Technologies, Inc. (NasdaqCM:SFT) completed the acquisition of CarLotz, Inc. (NasdaqGM:LOTZ) from Acamar Partners Sponsor I LLC and others.

Shift Technologies, Inc. Announces Board Changes

High number of new and inexperienced directors

Third quarter 2022 earnings released: US$0.92 loss per share (vs US$0.48 loss in 3Q 2021)

Shift Technologies, Inc. Provides Earnings Guidance for the Fourth Quarter and Full Year of Fiscal 2022

Shift Technologies, Inc. to Report Q3, 2022 Results on Nov 08, 2022

High number of new and inexperienced directors

Shift Technologies Receives a Written Notice from the Listing Qualifications Department of The Nasdaq Stock Market LLC Regarding Minimum Bid Price Requirement

Shift Technologies, Inc. Announces Board Changes, Effective August 31, 2022

Second quarter 2022 earnings released: US$0.65 loss per share (vs US$0.41 loss in 2Q 2021)

Shift Technologies, Inc. (NasdaqCM:SFT) entered into a definitive agreement to acquire CarLotz, Inc. (NasdaqGM:LOTZ) for approximately $120 million.

Shift Technologies, Inc. Announces Executive Changes, Effective September 1, 2022

Shift Technologies, Inc. to Report Q2, 2022 Results on Aug 09, 2022

Shift Technologies, Inc.(NasdaqCM:SFT) dropped from Russell Microcap Value Index

Shift Technologies, Inc., Annual General Meeting, Jul 08, 2022

Shift Technologies, Inc. (NasdaqCM:SFT) completed the acquisition of Certain Automotive Dealer Marketplace Assets of Fair Financial Corp.

Shift Technologies, Inc. Provides Revenue Guidance for the Second Quarter of 2022

First quarter 2022 earnings released: US$0.70 loss per share (vs US$0.55 loss in 1Q 2021)

High number of new and inexperienced directors

Shift Technologies, Inc. to Report Q1, 2022 Results on May 10, 2022

Full year 2021 earnings: EPS in line with analyst expectations despite revenue beat

Shift Technologies, Inc. to Report Q4, 2021 Results on Mar 15, 2022

Third quarter 2021 earnings released: US$0.48 loss per share (vs US$6.96 loss in 3Q 2020)

Second quarter 2021 earnings released: US$0.41 loss per share (vs US$5.79 loss in 2Q 2020)

Shift Technology Announces Shift Claims Automation on Salesforce AppExchange

Chief Financial Officer recently bought €57k worth of stock

First quarter 2021 earnings released: US$0.55 loss per share (vs US$0.35 loss in 1Q 2020)

Shift Technologies, Inc. Raising Guidance for the Year Ending December 31, 2021

Shift Begins Selling Cars to Customers in Austin-San Antonio Area

Shift Begins Buying Cars from Consumers in Las Vegas

Senior VP of Accounting & Controller has left the company

Shift Technologies, Inc. Announces Executive Changes

Revenue beats expectations

Full year 2020 earnings released: US$3.12 loss per share (vs US$2.33 loss in FY 2019)

Shift Technologies, Inc. to Report Q4, 2020 Results on Mar 08, 2021

Shareholder Returns

Price Volatility

About the Company

Shift Technologies, Inc. Fundamentals Summary

0.1x

-0.2x

Earnings & Revenue