Thread by @bluegrass_bull

$LOTZ due diligence thread including:

☑️ CEO Michael Bor
☑️ Disruptive 🚘 consignment strategy
☑️ Site expansion plans (stock catalysts) 🏗️👷‍♀️👷‍♂️
☑️ EOY PT 🚀📈

Also check out YT video on #CarLotz below for more info! Enjoy and have a great day! 👇🚘😁

Michael Bor started CarLotz in 2011 because "we were frustrated with the process of selling a used car." With his background at Harris Wiliams & Co, Lehman Brothers, PricewaterhouseCoopers & also on the VA Motor Vehicle Dealer Board, Michael knows how to make #CarLotz succeed.

$LOTZ disruption in marketplace is their car consignment strategy:
☑️Sellers make > $ than trade-in 💰
☑️🚘sell < 30 days avg
☑️#CarLotz cleans, inspects & sells 🚘for you = less STRESS, time SAVED, SAFETY & ☮️of mind w/ no @ home test drives (Covid) 🚫

What CarLotz gets out of each sale is very simple and straight forward:
☑️$299 listing feed for 🚘prep, detail & inspection
☑️$799 success fee from 🚘sale
☑️Zero commission
☑️🚘price based on NADA & KBB

#scalable 👆

$LOTZ currently has 10 locations & expect to add 3-4 locations per quarter!

👆This means this year alone, they will at least DOUBLE # of locations w/ a total of 12-16 new locations. This is fueled by the recent $321M SPAC merger w/ $ACAM.

☑️More 🚘lots = stock price catalysts

$LOTZ markets customer🚘on their website & other sites such as Autotrader, Cars.com & CarGurus.🚘are sold either onsite or free home delivery.
Although 🍎vs 🍊 comparison to $CVNA (~$296 share $), $LOTZ (~$9.05) will 2X in price by EOY (my opinion) & even more LT!