Vroom

Vroom, Inc. engages in providing an ecommerce platform for the buying and selling of used vehicles. The company operates through the following segments: Ecommerce, Texas Direct Auto (TDA) and Wholesale. The Ecommerce segment represents retail sales of used vehicles through its ecommerce platform and fees earned on sales of value-added products associated with those vehicles sales. The TDA segment handles retail sales of used vehicles from TDA and fees earned on sales of value-added products associated with those vehicles sales. The Wholesale segment is involved in sales of used vehicles through wholesale auctions. The company was founded by Kevin P. Westfall, Elie C. Wurtman, Allon Bloch, Mike Welch, Richard Williams and Marshall Chesrown in 2012 and is headquartered in Houston, TX.

Earnings data Q1 2024

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Vroom, Inc. engages in providing an ecommerce platform for the buying and selling of used vehicles. The company operates through the following segments: Ecommerce, Texas Direct Auto (TDA) and Wholesale. The Ecommerce segment represents retail sales of used vehicles through its ecommerce platform and fees earned on sales of value-added products associated with those vehicles sales. The TDA segment handles retail sales of used vehicles from TDA and fees earned on sales of value-added products associated with those vehicles sales. The Wholesale segment is involved in sales of used vehicles through wholesale auctions. The company was founded in 2012 and is headquartered in Houston, TX.

NEW YORK--(BUSINESS WIRE)--Vroom, Inc. (Nasdaq: VRM), a leading e-commerce platform for buying and selling used vehicles, today reported that on November 18, 2023, the Compensation Committee of Vroom's Board of Directors approved the grant of inducement restricted stock unit awards covering 96,925 shares of Vroom's common stock to 11 employees of Vroom and its affiliates to induce them to join as employees of Vroom and its affiliates. The awards were granted under Vroom's 2022 Inducement Award.

Vroom Reports Inducement Grants Under Nasdaq Listing Rule 5635(c)(4)

Vroom, Inc. (NASDAQ:VRM ) Q3 2023 Earnings Conference Call November 8, 2023 8:30 AM ET Company Participants Jon Sandison – Vice President-Investor Relations Tom Shortt – Chief Executive Officer Bob Krakowiak – Chief Financial Officer Conference Call Participants Rajat Gupta – J.P. Morgan Operator Good day, and thank you for standing by.

Vroom, Inc. (VRM) Q3 2023 Earnings Call Transcript

The headline numbers for Vroom (VRM) give insight into how the company performed in the quarter ended September 2023, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.

Here's What Key Metrics Tell Us About Vroom (VRM) Q3 Earnings

NEW YORK--(BUSINESS WIRE)--Vroom, Inc. (Nasdaq:VRM), a leading ecommerce platform for buying and selling used vehicles, today announced financial results for the third quarter ended September 30, 2023. HIGHLIGHTS OF THIRD QUARTER 2023 VERSUS SECOND QUARTER 2023 11% sequential growth in Ecommerce units $3,144 Ecommerce gross profit per unit (GPPU) as compared to $2,954 Continued reductions in fixed costs per unit as well as per unit costs across marketing, logistics, and titling and registration.

Vroom Announces Third Quarter 2023 Results

NEW YORK--(BUSINESS WIRE)--Vroom, Inc. (Nasdaq:VRM), a leading automotive ecommerce platform dedicated to improving the buying and selling of used vehicles, announced today the company is partnering with the state of West Virginia to launch its National Digital Title Clearinghouse (NDTC). As the only retailer with access to this digital title clearinghouse, Vroom will be able to transfer out-of-state titles into the company's name and significantly reduce the timeline for processing them. “Vroo.

Vroom Partners with West Virginia DMV To Reduce Wait Time for Vehicle Titles

NEW YORK--(BUSINESS WIRE)--Vroom, Inc. (Nasdaq: VRM), a leading e-commerce platform for buying and selling used vehicles, today announced that it will release its financial results for the third quarter ending September 30, 2023, after the market closes on Tuesday, November 7, 2023. Vroom management will discuss these results and other information regarding the Company during a conference call and audio webcast on Wednesday, November 8, 2023 at 8:30 a.m. ET. To access the conference call, pleas.

Vroom to Release Third Quarter 2023 Earnings on November 7, 2023

Vroom faces financial concerns and liquidity issues, with a market capitalization well below its book value. In 2023, Vroom undertook strategic changes, including workforce reduction and a shift to an in-house sales model, aiming to improve customer experience and reduce costs. The company's revenue streams are complex, with high-margin sectors in product and finance offset by negative margins in wholesale vehicle sales.

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Vroom, Inc. (NASDAQ:VRM ) Q2 2023 Earnings Conference Call August 9, 2023 8:30 AM ET Company Participants Jon Sandison - VP, IR Tom Shortt - CEO Bob Krakowiak - CFO Conference Call Participants Sharon Zackfia - William Blair Operator Thank you for standing by and welcome to Vroom's Second Quarter 2023 Earnings Call. At this time, all participants are in a listen only mode.

Vroom, Inc. (VRM) Q2 2023 Earnings Call Transcript

Although the revenue and EPS for Vroom (VRM) give a sense of how its business performed in the quarter ended June 2023, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.

Vroom (VRM) Reports Q2 Earnings: What Key Metrics Have to Say

Vroom (VRM) came out with a quarterly loss of $0.48 per share versus the Zacks Consensus Estimate of a loss of $0.51. This compares to loss of $0.73 per share a year ago.

Vroom (VRM) Reports Q2 Loss, Tops Revenue Estimates

NEW YORK--(BUSINESS WIRE)--Vroom, Inc. (Nasdaq:VRM), a leading ecommerce platform for buying and selling used vehicles, today announced financial results for the second quarter ended June 30, 2023. HIGHLIGHTS OF SECOND QUARTER 2023 VERSUS FIRST QUARTER 2023 5% sequential growth in Ecommerce units - first quarter with sequential growth since the introduction of the Long-Term Roadmap in Q2 2022 $2,954 Ecommerce gross profit per unit (GPPU) as compared to $2,552 $(66.3) million net loss as compare.

Vroom Announces Second Quarter 2023 Results

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Vroom (VRM) could be a great choice for investors looking to buy stocks that have gained strong momentum recently but are still trading at reasonable prices. It is one of the several stocks that made it through our 'Fast-Paced Momentum at a Bargain' screen.

Vroom (VRM) Shows Fast-paced Momentum But Is Still a Bargain Stock

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NEW YORK--(BUSINESS WIRE)--Vroom, Inc. (Nasdaq: VRM), a leading e-commerce platform for buying and selling used vehicles, today announced that it will release its financial results for the second quarter ending June 30, 2023, after the market closes on Tuesday, August 8, 2023. Vroom management will discuss these results and other information regarding the Company during a conference call and audio webcast on Wednesday, August 9, 2023 at 8:30 a.m. ET. To access the conference call, please regist.

Vroom to Release Second Quarter 2023 Earnings on August 8, 2023

Vroom is an online used car dealer with an innovative 'door-to-door' business model. The company's business model is structurally flawed as it incurs thousands of dollars in transportation costs that brick-and-mortar dealers do not have. Despite efforts to control costs, Vroom's SG&A still far exceeds gross profits, and the company is predicted to run out of cash by the end of 2024.

Vroom: No Change To Thesis; Avoid

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Vroom, Inc. (NASDAQ:VRM ) Q1 2023 Results Conference Call May 10, 2023 8:30 AM ET Company Participants Jon Sandison - VP, IR Tom Shortt - CEO Bob Krakowiak - CFO Conference Call Participants Rajat Gupta - JPMorgan Chase Sharon Zackfia - William Blair Operator Thank you for standing by and welcome to Vroom's First Quarter 2023 Earnings Conference Call. At this time, all participants are in a listen only mode.

News for Vroom Stock (VRM)