It operates in two segments: Retail and Wholesale, of which the majority of its revenue comes from Retail. It provides comprehensive, digital solutions throughout the car ownership lifecycle: finding the right car, having a test drive brought to you before buying the car, a seamless digitally-driven purchase transaction including financing and vehicle protection products, an efficient, digital trade-in/sale transaction, and a vision to provide high-value support services during car ownership. Sequoia Capital’s plan to split itself into three separate regional firms represents a major shift at one the world’s foremost venture capital firms. The results beat Wall Street expectations. ![]() On a per-share basis, the San Francisco -based company said it had a loss of 41 cents. (SFT) on Tuesday reported a loss of 31.7 million in its second quarter. The company makes car purchase and ownership simple - making buying or selling a used car fun, fair, and accessible to everyone. 05:30pm EDT SAN FRANCISCO (AP) Shift Technologies, Inc. Shift Technologies Inc is an end-to-end auto e-commerce platform transforming the used car industry with a technology-driven, hassle-free customer experience. The firm was recently trading at a 52-week low of $1.06 on Apand set a 52-week high on Augat $15.4. ![]() Before the report, Shift Technologies Inc received a Long-Term Technical Rank by InvestorsObserver of 66, putting it in the top half of stocks. So far 330,967 shares have traded compared to average volume of 168,665 shares. The stock has traded between 1.76 and 1.97 so far today. Shift Technologies Inc has performed a little above average during the past few months. Shift Technologies Inc (SFT) stock is trading at 1.87 as of 1:50 PM on Thursday, Jun 8, a rise of 0.15, or 9.06 from the previous closing price of 1.71. InvestorsObserver gives the stock a Neutral Sentiment score at the moment based on recent trading. The average recommendation from Wall Street analysts was a Hold which may get revised based on this new data. ![]() Shift Technologies Inc's revenues declined at a faster pace than earnings. The stock is down 15.22% to $1.56 after the report. In the same quarter a year ago, the company lost $7 per share on revenue of $219.6 million. On the revenue line, the company reported $57.7 million, beating estimates by $783 thousand. The Investor Relations website contains information about Shift Technologies, Inc.'s business for stockholders. Shift Technologies Inc ( SFT) said after close Thursday that it lost $2.84 per share in quarter one 2023.
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