BREAKING NEWS: TOP RANKED ROSEN LAW FIRM Encourages CarLotz, Inc. Investors With Losses to Secure Counsel Before Important September 7 Deadline in Securities Class Action – LOTZ, LOTZW | Business

NEW YORK – (BUSINESS WIRE) – Jan. July 2021–

WHY: Rosen Law Firm, a global investor rights law firm, is pleased to announce the filing of a class action lawsuit on behalf of the buyers of the securities of CarLotz, Inc. (NASDAQ: LOTZ, LOTZW) between December 30, 2020 and May 25, 2021, inclusive (the “Class Period”). A class action lawsuit has already been filed. If you want to stand as the lead plaintiff, you must postpone the court no later than September 7, 2021.

SO WHAT: If you acquired CarLotz securities during the class action period, you may be eligible for compensation without paying any out-of-pocket or expense through a contingency fee agreement.

WHAT TO DO NEXT: To participate in the CarLotz class action lawsuit, go to http://www.rosenlegal.com/cases-register-2118.html or call Phillip Kim, Esq. toll free at 866-767-3653 or email pkim@rosenlegal.com or case@rosenlegal.com for information about the class action. A class action lawsuit has already been filed. If you want to serve as the lead plaintiff, you must call the court no later than September 7, 2021. A lead plaintiff is a representative party who acts on behalf of other class members in the conduct of the dispute.

WHY ROSEN LAW: We encourage investors to select skilled lawyers with a track record in leadership roles. Announcement companies often lack comparable experience, resources, or significant peer recognition. Be wise in choosing the advisor. Rosen Law Firm represents investors around the world and focuses its practice on securities class actions and shareholder derivatives. Rosen Law Firm has filed the largest class-action securities lawsuit ever against a Chinese company. Rosen Law Firm was ranked # 1 by ISS Securities Class Action Services for 2017 number of securities class action settlements. The law firm has been ranked in the top 4 every year since 2013 and has recovered hundreds of millions of dollars for investors. In 2019 alone, the company raised over $ 438 million for investors. In 2020, founding partner Laurence Rosen was named Titan of Plaintiffs’ Bar by Law360. Many of the firm’s attorneys are recognized by Lawdragon and Super Lawyers.

DETAILS OF THE CASE: According to the lawsuit, throughout the class action period, defendants made false and / or misleading statements and / or failed to disclose: (1) Due to an inventory spike in the second half of FY2020, CarLotz experienced a “logjam”, which results in slower processing and higher sales days; (2) this would adversely affect the company’s gross profit per unit; (3) to minimize returns to the company’s vehicle sourcing partner, who is responsible for more than 60% of CarLotz’s inventory, the company offered aggressive pricing; (4) As a result, CarLotz’s gross profit per unit forecast was likely inflated; (5) CarLotz’s corporate vehicle sourcing partner would likely suspend supplies to the company due to market conditions, including rising wholesale prices; and (6) as a result of the foregoing, Defendants’ positive statements about the business, operations and prospects of CarLotz were materially misleading and / or unfounded. When the real details hit the market, the lawsuit claims that investors have suffered damage.

To participate in the CarLotz class action lawsuit, visit http://www.rosenlegal.com/cases-register-2118.html or call Phillip Kim, Esq. toll free at 866-767-3653 or email pkim@rosenlegal.com or case@rosenlegal.com for information about the class action.

No class has been certified. Until a class is certified, you will not be represented by a lawyer unless you keep one. You can choose an advisor of your choice. You can also remain an absent class member and do nothing at this point. An investor’s ability to partake in a potential future repayment does not depend on their being the lead plaintiff.

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CONTACT: Laurence Rosen, Esq.

Phillip Kim, Esq.

The Rosen, PA law firm

275 Madison Avenue, 40th floor

New York, NY 10016

Tel: (212) 686-1060

Toll Free: (866) 767-3653

Fax: (212) 202-3827

lrosen@rosenlegal.com

pkim@rosenlegal.com

case@rosenlegal.com

www.rosenlegal.com

KEYWORD: UNITED STATES NORTH AMERICA NEW YORK

INDUSTRY KEYWORD: LEGAL SERVICES

SOURCE: Rosen Law Firm, PA

Copyright Business Wire 2021.

PUB: 07/17/2021 1:45 p.m. / DISC: 07/17/2021 1:46 p.m.

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