With institutions continuing to pile into $LOTZ, we are seeing strong support since it bottomed out back in May, the recent support is slightly higher, which makes sense when recognizing the long term downtrend from the peak after merger. I am calling the bottom for CarLotz, as the used car market will continue to expand for the next decade, especially if manufacturers slowly phase out the production of gas/diesel autos to go electric. Also you have to take note of the barrage of frivolous lawsuit articles being put out the weeks coming up to earnings, paired with how nicely this is setting up. easily 20$+ end of year.
If we see a close below 4.40 at any point, I will have to reevaluate my thesis and admit I am in love with this stock, but with the rapid expansion in several major cities across the country this year and those to come, I am extremely bullish.
Mainly looking for massive revenue growth, margins on sales with earnings Monday. Not expecting good EPS but this company is poised for growth .
If we see a close below 4.40 at any point, I will have to reevaluate my thesis and admit I am in love with this stock, but with the rapid expansion in several major cities across the country this year and those to come, I am extremely bullish.
Mainly looking for massive revenue growth, margins on sales with earnings Monday. Not expecting good EPS but this company is poised for growth .