Shift Technologies Inc Q3 2022 Earnings Call Transcript - Thomson StreetEvents

Shift Technologies Inc Q3 2022 Earnings Call Transcript

Shift Technologies Inc Q3 2022 Earnings Call Transcript - Thomson StreetEvents
Shift Technologies Inc Q3 2022 Earnings Call Transcript
Published Nov 08, 2022
7 pages (4171 words) — Published Nov 08, 2022
Price US$ 54.00  |  Buy this Report Now

About This Report

  
Abstract:

Edited Transcript of SFT.OQ earnings conference call or presentation 8-Nov-22 10:00pm GMT

  
Brief Excerpt:

...Thank you, Cheryl, and good afternoon, everyone. I'd like to start off by thanking the Shift employees for their hard work and execution during the third quarter. It was no easy task to rapidly pivot to our new operating plan, but the team did a great job meeting the challenge. I'm incredibly inspired by the way our team pulled together and immediately set out to the task at hand, giving our customers a simple, fair way to buy used cars. As we talked about on our last call, the third quarter was a transition period for the company as we pursued our new strategy. The new operating plan prioritizes accelerated profitability and lower cash burn, though at lower unit volumes. As a reminder, the actions we took during the third quarter include the following: streamlining sales through our online checkout channel and eliminating test drives; optimizing our inventory mix and assortment to favor value vehicles, which have a more favorable front-end GPUs and overall profitability; refocusing our...

  
Report Type:

Transcript

Source:
Company:
Shift Technologies Inc
Ticker
SFT.OQ
Time
10:00pm GMT
Format:
PDF Adobe Acrobat
Buy Now

Shift Technologies Inc Q2 2023 Earnings Call Transcript – 2023-08-10 – US$ 54.00 – Edited Transcript of SFT.OQ earnings conference call or presentation 10-Aug-23 9:00pm GMT

Shift Technologies Inc Q1 2023 Earnings Call Transcript – 2023-05-11 – US$ 54.00 – Edited Transcript of SFT.OQ earnings conference call or presentation 11-May-23 9:00pm GMT

Shift Technologies Inc Q4 2022 Earnings Call Transcript – 2023-03-28 – US$ 54.00 – Edited Transcript of SFT.OQ earnings conference call or presentation 28-Mar-23 9:00pm GMT

Shift Technologies Inc Q2 2022 Earnings Call Transcript – 2022-08-09 – US$ 54.00 – Edited Transcript of SFT.OQ earnings conference call or presentation 9-Aug-22 9:00pm GMT

Shift Technologies Inc at Oppenheimer Consumer Growth and E-Commerce Conference (Virtual) Transcript – 2022-06-15 – US$ 54.00 – Edited Transcript of SFT.OQ presentation 15-Jun-22 7:00pm GMT

Shift Technologies Inc Q1 2022 Earnings Call Transcript – 2022-05-10 – US$ 54.00 – Edited Transcript of SFT.OQ earnings conference call or presentation 10-May-22 9:00pm GMT

Shift Technologies Inc Q4 2021 Earnings Call Transcript – 2022-03-15 – US$ 54.00 – Edited Transcript of SFT.OQ earnings conference call or presentation 15-Mar-22 9:00pm GMT

Shift Technologies Inc Q3 2021 Earnings Call Transcript – 2021-11-11 – US$ 54.00 – Edited Transcript of SFT.OQ earnings conference call or presentation 11-Nov-21 10:00pm GMT

More from Thomson StreetEvents

Thomson StreetEvents—Thomson StreetEvents is a leading provider of Web-based solutions for the investment community, offering services that transform the way companies communicate and meet disclosure requirements while assisting investors in managing and leveraging this information. Thomson StreetEvents service offers institutional investors a one-stop solution for managing corporate disclosure information by aggregating conference calls, webcasts, transcripts, call summaries, and other financial information into a time-saving, efficiency tool.
Purchase Thomson StreetEvents' Transcripts (verbatim reports) and Briefs (call summaries) of earnings, guidance, M&A and other corporate calls directly through Alacra. Discounted prices apply to reports produced over two weeks ago.

About the Author


Cite this Report

  
MLA:
Thomson StreetEvents. "Shift Technologies Inc Q3 2022 Earnings Call Transcript" Nov 08, 2022. Alacra Store. May 18, 2024. <http://www.alacrastore.com/thomson-streetevents-transcripts/Q3-2022-Shift-Technologies-Inc-Earnings-Call-T15361754>
  
APA:
Thomson StreetEvents. (2022). Shift Technologies Inc Q3 2022 Earnings Call Transcript Nov 08, 2022. New York, NY: Alacra Store. Retrieved May 18, 2024 from <http://www.alacrastore.com/thomson-streetevents-transcripts/Q3-2022-Shift-Technologies-Inc-Earnings-Call-T15361754>
  
US$ 54.00
$  £  
Have a Question?

Any questions about the report you're considering? Our Customer Service Team can help! Or visit our FAQs.

More Research

Search all our Credit Research from one place.