SFT Stock - Shift Technologies, Inc.
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Financial Statements
| Metric | FY2022 | FY2021 | FY2020 | FY2019 |
|---|---|---|---|---|
| Revenue | $670.75M | $636.87M | $195.72M | $166.24M |
| Gross Profit | $25.33M | $48.79M | $12.18M | $-1,762,000 |
| Gross Margin | 3.8% | 7.7% | 6.2% | -1.1% |
| Operating Income | $-199,131,000 | $-176,853,000 | $-76,251,000 | $-76,843,000 |
| Net Income | $-172,042,000 | $-166,268,000 | $-66,792,000 | $-84,267,000 |
| Net Margin | -25.6% | -26.1% | -34.1% | -50.7% |
| EPS | $-19.91 | $-21.29 | $-8.05 | $-10.26 |
Shift Technologies, Inc., together with its subsidiaries, provides an ecommerce platform for buying and selling used cars. The company operates in two segments, Retail and Wholesale. It engages in the retail sale of used vehicles through its platform that 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. The company also provides value-added products, such as vehicle service contracts, guaranteed asset protection waiver coverage, wheel and tire coverage, prepaid maintenance plans, and appearance protection plans. In addition, it is involved in the sale of used vehicles through wholesale auctions or directly to a wholesaler. The company was incorporated in 2013 and is headquartered in San Francisco, California.
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Price Targets
Recent Analyst Actions
| Date | Firm | Action | Rating | Price Target |
|---|---|---|---|---|
| August 15th 2022 | JP Morgan | Downgrade | Underweight | - |
| August 10th 2022 | DA Davidson | Downgrade | Neutral | $1.5← $2.5 |
| July 21st 2022 | William Blair | Downgrade | Market Perform | - |
| May 16th 2022 | The Benchmark Company | Downgrade | Hold | - |
| May 4th 2022 | BTIG Research | Downgrade | Neutral | - |
| May 3rd 2022 | Wells Fargo | Downgrade | Equal Weight | $2 |
Earnings History & Surprises
SFTEPS Surprise History
Quarterly EPS Details
| Period | Report Date | Estimated EPS | Actual EPS | Surprise | Result |
|---|---|---|---|---|---|
Q3 2024 | Aug 8, 2024 | — | — | — | — |
Q2 2024 | May 9, 2024 | — | — | — | — |
Q1 2024 | Mar 26, 2024 | — | — | — | — |
Q4 2023 | Nov 14, 2023 | $-1.35 | $-6.70 | -396.3% | ✗ MISS |
Q3 2023 | Aug 10, 2023 | $-1.85 | $-1.44 | +22.2% | ✓ BEAT |
Q2 2023 | May 11, 2023 | $-2.62 | $-2.15 | +17.9% | ✓ BEAT |
Q1 2023 | Mar 28, 2023 | $-5.07 | $-3.65 | +28.0% | ✓ BEAT |
Q4 2022 | Nov 8, 2022 | $-5.30 | $-6.70 | -26.4% | ✗ MISS |
Q3 2022 | Aug 9, 2022 | $-5.60 | $-5.90 | -5.4% | ✗ MISS |
Q2 2022 | May 10, 2022 | $-7.20 | $-7.00 | +2.8% | ✓ BEAT |
Q1 2022 | Mar 15, 2022 | $-6.30 | $-7.10 | -12.7% | ✗ MISS |
Q4 2021 | Nov 11, 2021 | $-5.30 | $-4.80 | +9.4% | ✓ BEAT |
Q3 2021 | Aug 10, 2021 | $-4.30 | $-4.10 | +4.7% | ✓ BEAT |
Q2 2021 | May 12, 2021 | $-4.30 | $-5.50 | -27.9% | ✗ MISS |
Q1 2021 | Mar 8, 2021 | $-4.30 | $-4.40 | -2.3% | ✗ MISS |
Q4 2020 | Nov 12, 2020 | $-1.70 | $-6.40 | -276.5% | ✗ MISS |
Q3 2020 | Aug 13, 2020 | — | $-2.31 | — | — |
Q2 2020 | May 14, 2020 | — | $-1.50 | — | — |
Q4 2019 | Dec 31, 2019 | — | $-9.92 | — | — |
Q3 2019 | Sep 30, 2019 | — | $0.06 | — | — |
Latest News
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