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Richmond-based CarLotz shutters half its stores

Posted at 10:39 AM, Jun 23, 2022
and last updated 2022-06-23 10:39:34-04

RICHMOND, Va. -- CarLotz’s rough ride as a public company continues. The Scott’s Addition-based used-car consignment retailer has faced a bevy of speedbumps since going public through a SPAC deal in early 2021. Most noticeable of late is the performance of its stock price, which has plummeted from a high at its initial listing of $11.92 on Jan. 22, 2021, to 48 cents per share at the closing bell on Wednesday. That’s a 96 percent decline in 18 months. Click here to continue reading on Richmond BizSense.

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