Carlotz Beneish M Score

LOTZ -  USA Stock  

USD 2.08  0.02  0.95%

This module uses fundamental data of Carlotz to approximate the value of its Beneish M Score. Carlotz M Score tells investors if the company management is likely to be manipulating earnings. The score is calculated using eight financial indicators that are adjusted by a specific multiplier. Please note, the M Score is a probabilistic model and cannot detect companies that manipulate their earnings with 100% accuracy. Additionally, see Carlotz Piotroski F Score and Carlotz Altman Z Score analysis.

Carlotz Beneish M Score 

 
Refresh
Total Debt is likely to drop to about 14.2 M in 2022. Debt Current is likely to drop to about 11.8 M in 2022. Book Value per Share is likely to drop to -3.46 in 2022. Current Ratio is likely to drop to 0.79 in 2022
At this time, it appears that Carlotz is an unlikely manipulator. The earnings manipulation may begin if Carlotz's top management creates an artificial sense of financial success, forcing the stock price to be traded at a high price-earnings multiple than it should be. In general, excessive earnings management by Carlotz executives may lead to removing some of the operating profits from subsequent periods to inflate earnings in the following periods. This way, the manipulation of Carlotz's earnings can lead to misrepresentations of actual financial condition, taking the otherwise loyal stakeholders on to the path of questionable ethical practices and plain fraud.
-2.45
Beneish M Score - Unlikely Manipulator
Elasticity of Receivables
1.06
Asset Quality
1.85
Expense Coverage
1.06
Gross Margin Strengs
0.98
Accruals Factor
1.06
Depreciation Resistance
0.85
Net Sales Growth
0.92
Financial Leverage Condition
1.26

Carlotz Beneish M-Score Indicator Trends

The cure to earnings manipulation is the transparency of financial reporting. It will typically remove the temptation of the top executives to inflate earnings (i.e., to promote the idea of 'winning at any cost'). Because a healthy internal audit department can enhance transparency, the board should promote the auditors' access to all the record-keeping systems across the enterprise. For example, if Carlotz's auditors report directly to the board (not management), the managers will be reluctant to manipulate simply due to the fear of punishment. On the other hand, the auditors will be free to investigate the ledgers properly because they know that the board has their back.
Current ValueLast YearChange From Last Year 10 Year Trend
Revenues125.7 M136.4 M
Significantly Down
Increasing
Slightly volatile
Selling General and Administrative Expense19.8 M20.2 M
Fairly Down
Increasing
Slightly volatile
Depreciation Amortization and Accretion434.7 K392.1 K
Significantly Up
Increasing
Slightly volatile
Total Assets25.8 M32.4 M
Significantly Down
Increasing
Slightly volatile
Investments923.4 K928.8 K
Slightly Down
Decreasing
Slightly volatile
Investments Current923.4 K928.8 K
Slightly Down
Decreasing
Slightly volatile
Property Plant and Equipment Net2.1 M2.3 M
Significantly Down
Increasing
Slightly volatile
Trade and Non Trade Receivables4.6 M4.8 M
Fairly Down
Increasing
Slightly volatile
Total Liabilities51.4 M47.7 M
Significantly Up
Increasing
Slightly volatile
Current Assets23.6 M29.7 M
Significantly Down
Increasing
Slightly volatile
Assets Non Current2.2 M2.7 M
Significantly Down
Increasing
Slightly volatile
Current Liabilities41.7 M38.7 M
Significantly Up
Increasing
Slightly volatile
Liabilities Non Current8.3 MM
Significantly Down
Increasing
Slightly volatile
Total Debt14.2 M17.7 M
Significantly Down
Increasing
Slightly volatile
Debt Current11.8 M14.3 M
Significantly Down
Increasing
Slightly volatile
Debt Non Current2.7 M2.7 M
Slightly Down
Decreasing
Slightly volatile
Gross Margin0.08380.0855
Fairly Down
Decreasing
Slightly volatile

Carlotz Beneish M-Score Driver Matrix

One of the toughest challenges investors face today is learning how to quickly synthesize historical financial statements and information provided by the company, SEC reporting, and various external parties in order to detect the potential manipulation of earnings. Understanding the correlation between Carlotz's different financial indicators related to revenue, expenses, operating profit, and net earnings helps investors identify and prioritize their investing strategies towards Carlotz in a much-optimized way. Analyzing correlations between earnings drivers directly associated with dollar figures is the most effective way to find Carlotz's degree of accounting gimmicks and manipulations.

About Carlotz Beneish M Score

M-Score is one of many grading techniques for value stocks. It was developed by Professor M. Daniel Beneish of the Kelley School of Business at Indiana University and published in 1999 under the paper titled The Detection of Earnings Manipulation. The Beneish score is a multi-factor model that utilizes financial identifiers to compile eight variables used to classify whether a company has manipulated its reported earnings. The variables are built from the officially filed financial statements to create a final score call 'M Score.' The score helps to identify companies that are likely to manipulate their profits if they show deteriorating gross margins, operating expenses, and leverage against growing revenue.

Depreciation Amortization and Accretion

434,693Share
Carlotz Depreciation Amortization and Accretion is fairly stable at the moment as compared to the past year. Carlotz reported Depreciation Amortization and Accretion of 392,150 in 2021

About Carlotz Fundamental Analysis

The Macroaxis Fundamental Analysis modules help investors analyze Carlotz's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Carlotz using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Carlotz based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Please read more on our fundamental analysis page.
CarLotz, Inc. operates as a consignment-to-retail used vehicle marketplace that provides its corporate vehicle sourcing partners and retail sellers of used vehicles. The company was founded in 2011 and is headquartered in Richmond, Virginia. Carlotz operates under Auto Truck Dealerships classification in the United States and is traded on NASDAQ Exchange. It employs 166 people.

Carlotz Investors Sentiment

The influence of Carlotz's investor sentiment on the probability of its price appreciation or decline could be a good factor in your decision-making process regarding taking a position in Carlotz. The overall investor sentiment generally increases the direction of a stock movement in a one-year investment horizon. However, the impact of investor sentiment on the entire stock markets does not have a solid backing from leading economists and market statisticians.

Carlotz Implied Volatility

    
  411.39  
Carlotz's implied volatility exposes the market's sentiment of Carlotz stock's possible movements over time. However, it does not forecast the overall direction of its price. In a nutshell, if Carlotz's implied volatility is high, the market thinks the stock has potential for high price swings in either direction. On the other hand, the low implied volatility suggests that Carlotz stock will not fluctuate a lot when Carlotz's options are near their expiration.
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Carlotz in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Carlotz's short interest history, or implied volatility extrapolated from Carlotz options trading.

Current Sentiment - LOTZ

Carlotz Investor Sentiment

Macroaxis portfolio users are evenly split in their trading attitude regarding investing in Carlotz. What is your opinion about investing in Carlotz? Are you bullish or bearish?
Bullish
Bearish
50% Bullish
50% Bearish
Skip

Becoming a Better Investor with Macroaxis

Macroaxis puts the power of mathematics on your side. We analyze your portfolios and positions such as Carlotz using complex mathematical models and algorithms, but make them easy to understand. There is no real person involved in your portfolio analysis. We perform a number of calculations to compute absolute and relative portfolio volatility, correlation between your assets, value at risk, expected return as well as over 100 different fundamental and technical indicators.

Build Optimal Portfolios

Align your risk with return expectations

Fix your portfolio
By capturing your risk tolerance and investment horizon Macroaxis technology of instant portfolio optimization will compute exactly how much risk is acceptable for your desired return expectations
Additionally, see Carlotz Piotroski F Score and Carlotz Altman Z Score analysis. Note that the Carlotz information on this page should be used as a complementary analysis to other Carlotz's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try Companies Directory module to evaluate performance of over 100,000 Stocks, Funds, and ETFs against different fundamentals.

Complementary Tools for Carlotz Stock analysis

When running Carlotz price analysis, check to measure Carlotz's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Carlotz is operating at the current time. Most of Carlotz's value examination focuses on studying past and present price action to predict the probability of Carlotz's future price movements. You can analyze the entity against its peers and financial market as a whole to determine factors that move Carlotz's price. Additionally, you may evaluate how the addition of Carlotz to your portfolios can decrease your overall portfolio volatility.
Equity Search
Search for actively traded equities including funds and ETFs from over 30 global markets
Go
Price Transformation
Use Price Transformation models to analyze depth of different equity instruments across global markets
Go
Money Flow Index
Determine momentum by analyzing Money Flow Index and other technical indicators
Go
Portfolio Comparator
Compare the composition, asset allocations and performance of any two portfolios in your account
Go
Commodity Channel Index
Use Commodity Channel Index to analyze current equity momentum
Go
Premium Stories
Follow Macroaxis premium stories from verified contributors across different equity types, categories and coverage scope
Go
Instant Ratings
Determine any equity ratings based on digital recommendations. Macroaxis instant equity ratings are based on combination of fundamental analysis and risk-adjusted market performance
Go
Global Correlations
Find global opportunities by holding instruments from different markets
Go
Transaction History
View history of all your transactions and understand their impact on performance
Go
Is Carlotz's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Carlotz. If investors know Carlotz will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Carlotz listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
The market value of Carlotz is measured differently than its book value, which is the value of Carlotz that is recorded on the company's balance sheet. Investors also form their own opinion of Carlotz's value that differs from its market value or its book value, called intrinsic value, which is Carlotz's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Carlotz's market value can be influenced by many factors that don't directly affect Carlotz's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Carlotz's value and its price as these two are different measures arrived at by different means. Investors typically determine Carlotz value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Carlotz's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.