Shift Shift (also known as Shift Technologies) is an e-commerce platform for buying and selling used cars. It offers car searching and scheduling, test drives, financing, vehicle protection plans, etc. | ||||
Founding Date | Founding Date 2012 | Founding Date 2012 | Founding Date 2014 | Founding Date 2013 |
Type | Type Subsidiary | Type Public | Type Public | Type Public |
Tags | ||||
Locations | Locations Berlin, DE HQ Helsingfors, FI Milano, IT | Locations Tempe, US HQ | Locations San Francisco, US HQ San Francisco, US | Locations New York, US HQ Stafford, US |
Employees | Employees 1,165 | Employees 13,70017% decrease | Employees 45956% decrease | Employees 1,32227% decrease |
Valuation ($) | Valuation ($) N/A | Valuation ($) 16.4 b | Valuation ($) N/A | Valuation ($) 11.9 m |
Financial | ||||
Revenue (est.) | Revenue (est.) N/A | Revenue (est.) $10.8b (FY, 2023) | Revenue (est.) $670.8m (FY, 2022) | Revenue (est.) $893.2m (FY, 2023) |
Cost of goods | Cost of goods N/A | Cost of goods $9b (FY, 2023) | Cost of goods $645.4m (FY, 2022) | Cost of goods $731.3m (FY, 2023) |
Gross profit | Gross profit N/A | Gross profit $1.7b (FY, 2023) | Gross profit $25.3m (FY, 2022) | Gross profit $161.9m (FY, 2023) |
Net income | Net income N/A | Net income $150m (FY, 2023) | Net income ($172m) (FY, 2022) | Net income ($365.5m) (FY, 2023) |
Operating ⚠ | ||||
Average Days to Sale | Average Days to Sale N/A | Average Days to Sale 67 (FY, 2020) | Average Days to Sale 76 (Q3, 2022) | Average Days to Sale N/A |
Average Monthly Unique Visitors | Average Monthly Unique Visitors N/A | Average Monthly Unique Visitors 14.6 m (Q2, 2023) | Average Monthly Unique Visitors 765.1 k (Q3, 2022) | Average Monthly Unique Visitors 1.7 m (Q2, 2022) |
Cars Sold | Cars Sold 300 k (Y, 2016) | Cars Sold N/A | Cars Sold N/A | Cars Sold 250 k (Dec, 2018) |
Facilities Leased (Corporate Headquarters), sq.ft. | Facilities Leased (Corporate Headquarters), sq.ft. N/A | Facilities Leased (Corporate Headquarters), sq.ft. N/A | Facilities Leased (Corporate Headquarters), sq.ft. 9.3 k (FY, 2021) | Facilities Leased (Corporate Headquarters), sq.ft. 22.5 k (FY, 2021) |
Funding | ||||
Total funding raised | Total funding raised $ 460m | Total funding raised $ 900.4m | Total funding raised $ 292m | Total funding raised $ 682.3m |