CarLotz, Inc. engages in the vehicle consignment business. The company is headquartered in Richmond, Virginia and currently employs 492 full-time employees. The company went IPO on 2019-02-22. The firm provides corporate vehicle sourcing partners and retail sellers of used vehicles with the ability to access the retail sales channel. The company operates a technology-enabled buying, sourcing and selling model that offers an omnichannel and selection of vehicles, while allowing for an end-to-end electronic commerce interface that enables buying and selling. The firm's Retail Remarketing technology provides its corporate vehicle sourcing partners with real-time performance metrics and data analytics, along with custom business intelligence reporting that enables price and vehicle triage optimization between the wholesale and retail channels. The firm offers its products and services to corporate vehicle sourcing partners, retail sellers of used vehicles and retail customers seeking to buy used vehicles.

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