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Liquidity Services Inc (LQDT)



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Upturn Advisory Summary
08/14/2025: LQDT (4-star) is currently NOT-A-BUY. Pass it for now.
1 Year Target Price $41
1 Year Target Price $41
1 | Strong Buy |
1 | Buy |
0 | Hold |
0 | Sell |
0 | Strong Sell |
Analysis of Past Performance
Type Stock | Historic Profit 64.54% | Avg. Invested days 67 | Today’s Advisory PASS |
Upturn Star Rating ![]() ![]() | Upturn Advisory Performance ![]() | Stock Returns Performance ![]() |
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Key Highlights
Company Size Small-Cap Stock | Market Capitalization 793.42M USD | Price to earnings Ratio 30.6 | 1Y Target Price 41 |
Price to earnings Ratio 30.6 | 1Y Target Price 41 | ||
Volume (30-day avg) 2 | Beta 1.21 | 52 Weeks Range 21.00 - 39.72 | Updated Date 08/15/2025 |
52 Weeks Range 21.00 - 39.72 | Updated Date 08/15/2025 | ||
Dividends yield (FY) - | Basic EPS (TTM) 0.83 |
Analyzing Revenue: Products, Geography and Growth
Revenue by Products
Product revenue - Year on Year
Revenue by Geography
Geography revenue - Year on Year
Earnings Date
Report Date 2025-08-07 | When - | Estimate 0.33 | Actual 0.34 |
Profitability
Profit Margin 5.72% | Operating Margin (TTM) 9% |
Management Effectiveness
Return on Assets (TTM) 5.88% | Return on Equity (TTM) 14% |
Valuation
Trailing PE 30.6 | Forward PE 18.42 | Enterprise Value 640618250 | Price to Sales(TTM) 1.7 |
Enterprise Value 640618250 | Price to Sales(TTM) 1.7 | ||
Enterprise Value to Revenue 1.38 | Enterprise Value to EBITDA 15.28 | Shares Outstanding 31236900 | Shares Floating 21811817 |
Shares Outstanding 31236900 | Shares Floating 21811817 | ||
Percent Insiders 25.75 | Percent Institutions 84.1 |
Upturn AI SWOT
Liquidity Services Inc

Company Overview
History and Background
Liquidity Services, Inc. was founded in 1999. It operates an online auction marketplace for surplus and salvage assets. The company has evolved from providing solutions primarily to the U.S. Department of Defense to serving a broader range of clients across various industries.
Core Business Areas
- GovDeals: Online marketplace for government surplus assets, connecting government sellers with a global base of buyers.
- Ritchie Bros. Marketplace-E: E-commerce platform for commercial and industrial assets, acquired from Ritchie Bros., offering online auctions and marketplaces.
- Network International: Provide valuations, inventory management and redeployment of customer surplus assets in the power and energy industries.
Leadership and Structure
Bill Angrick is the Chairman and CEO. The company has a typical corporate structure with departments covering sales, marketing, technology, finance, and operations. Executive leadership includes a CFO, CTO, and senior VPs leading key business units.
Top Products and Market Share
Key Offerings
- GovDeals Platform: An online marketplace that facilitates the sale of surplus government assets to a broad base of buyers. Market share data is not readily and publicly available. Competitors in the broader online auction space include eBay and traditional auction houses. Specific government surplus competitors include smaller, regional auction providers and direct sales by governmental entities.
- Ritchie Bros. Marketplace-E: E-commerce platform for commercial and industrial assets. Market share data for this specific offering is not easily available. Competitors include IronPlanet (owned by Ritchie Bros.), AuctionTime.com, and various other online equipment marketplaces.
Market Dynamics
Industry Overview
The industry involves the resale of surplus and salvage assets, including government surplus, commercial equipment, and consumer goods. The market is driven by factors like economic cycles, technological advancements, and environmental concerns related to waste reduction and resource recovery.
Positioning
Liquidity Services is positioned as a leading provider of online marketplaces and asset management solutions for surplus and salvage assets. Its competitive advantages include its established GovDeals platform, technology infrastructure, and experience in managing complex asset disposition programs.
Total Addressable Market (TAM)
The total addressable market for surplus asset management is estimated to be in the billions of dollars annually. Liquidity Services is positioned to capture a significant portion of this market through its various online platforms and services.
Upturn SWOT Analysis
Strengths
- Established GovDeals platform
- Scalable technology infrastructure
- Experienced management team
- Diversified client base
- Strong relationships with government agencies
Weaknesses
- Dependence on government contracts
- Fluctuations in asset values
- Competition from other online marketplaces
- Exposure to economic cycles
- Potential for fraud and misrepresentation
Opportunities
- Expansion into new geographic markets
- Growth in the commercial and industrial asset resale market
- Development of new asset management services
- Acquisition of complementary businesses
- Increased adoption of online auction platforms
Threats
- Economic downturns
- Changes in government regulations
- Increased competition
- Technological disruptions
- Cybersecurity risks
Competitors and Market Share
Key Competitors
- EBAY
- RBA
- IAA
Competitive Landscape
Liquidity Services competes with other online auction marketplaces, traditional auction houses, and direct sales by sellers. Its advantages include its GovDeals platform, technology infrastructure, and experience in managing complex asset disposition programs. Disadvantages include dependence on government contracts, fluctuations in asset values, and competition from other online marketplaces.
Major Acquisitions
Ritchie Bros. Marketplace-E
- Year: 2023
- Acquisition Price (USD millions): 175
- Strategic Rationale: Expanded Liquidity Services' presence in the commercial and industrial asset resale market and provided access to new clients and assets.
Growth Trajectory and Initiatives
Historical Growth: Liquidity Services' historical growth has been driven by its GovDeals platform and expansion into new markets. The acquisition of the Ritchie Bros. Marketplace-E is a recent contributor.
Future Projections: Analyst estimates for future growth will vary depending on market conditions and company performance. Growth is projected as single-digit percent over the next year.
Recent Initiatives: Recent initiatives include the integration of the Ritchie Bros. Marketplace-E, expansion of its commercial and industrial asset services, and continued development of its technology platform.
Summary
Liquidity Services is a specialized player in the surplus asset management industry with its government and commercial marketplace. The company benefits from its established GovDeals presence, but it faces risks due to economic cycles and contract dependence. Recent acquisition of the Ritchie Bros Marketplace-E e-commerce platform has diversified offerings and growth. Future growth will depend on its ability to expand into new markets and maintain its competitive advantages. Investors should also look to see how well they have integrated the new acquisition.
Peer Comparison
Sources and Disclaimers
Data Sources:
- Liquidity Services Inc. Investor Relations
- SEC Filings
- MarketWatch
- Yahoo Finance
- Company Press Releases
Disclaimers:
The information provided is for informational purposes only and should not be construed as investment advice. Market share estimates may vary depending on the source and methodology. Financial data is subject to change. This analysis is based on publicly available information and is not a comprehensive evaluation of Liquidity Services Inc.
AI Summarization is directionally correct and might not be accurate.
Summarized information shown could be a few years old and not current.
Fundamental Rating based on AI could be based on old data.
AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.
About Liquidity Services Inc
Exchange NASDAQ | Headquaters Bethesda, MD, United States | ||
IPO Launch date 2006-02-23 | Co-founder, Chairman of the Board of Directors & CEO Mr. William P. Angrick III | ||
Sector Consumer Cyclical | Industry Internet Retail | Full time employees 781 | Website https://liquidityservices.com |
Full time employees 781 | Website https://liquidityservices.com |
Liquidity Services, Inc. provides e-commerce marketplaces, self-directed auction listing tools, and value-added services in the United States and internationally. The company operates through four segments: GovDeals, Retail Supply Chain Group (RSCG), Capital Assets Group (CAG), and Machinio. Its solutions enable government entities and commercial businesses to sell surplus property and real estate assets through GovDeals, Bid4Assets, and Sierra marketplaces. The company also offers a suite of services, including surplus management, asset valuation, asset sales, marketing, returns management, asset recovery, and ecommerce services; and operates Liquidation.com, a marketplace to sell excess, returned, and overstocked consumer goods. In addition, it operates a global search engine platform for listing used equipment for sale in the construction, machine tool, transportation, printing, laboratory/medical, and agriculture sectors. Further, the company provides Machinio System service that offers various software tools, such as website hosting, email marketing, and inventory management to equipment sellers. The company offers products for various industries, such as consumer electronics, general merchandise, apparel, scientific equipment, aerospace parts and equipment, technology hardware, real estate, energy equipment, industrial capital assets, heavy equipment, fleet and transportation equipment, and specialty equipment. The company was incorporated in 1999 and is headquartered in Bethesda, Maryland.

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