In a report released today, Gary Prestopino from Barrington initiated coverage with a Buy rating on CarLotz (LOTZ) and a price target of $22.00. The company’s shares closed last Thursday at $6.81, close to its 52-week low of $6.41.
According to TipRanks.com, Prestopino is a top 100 analyst with an average return of 41.4% and a 58.8% success rate. Prestopino covers the Services sector, focusing on stocks such as Kar Auction Services, Points International, and Liquidity Services.
Currently, the analyst consensus on CarLotz is a Moderate Buy with an average price target of $22.00.
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