Liquidity Services's Q4 GMV of $315.6M, up 11% YoY
Author: Benzinga Newsdesk | December 07, 2023 08:01am
GMV for the fiscal fourth quarter of 2023 was $315.6 million, an 11% increase from $283.3 million in the fourth fiscal quarter of 2022.
- GMV in our GovDeals segment increased 14%, driven by increased availability of vehicles which more than offset the broader market trend of reduced per unit vehicle prices.
- GMV in our RSCG segment increased 18% and set a new quarterly record, driven by new and expanding client programs under both the purchase and consignment models.
- GMV in our CAG segment decreased 4%, as increases in its global biopharma, energy and heavy equipment categories did not fully offset the prior year's large international spot purchase transactions.
Posted In: LQDT