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.

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Vroom focuses on cost reduction and efficiency amidst profitability challenges

Vroom's Q4 2022 performance reflects a mixed financial picture with a focus on cost reduction and operational efficiency.
While facing profitability challenges, the company's strategic strengths lie in liquidity maximization and cost optimization efforts.
Opportunities for growth and transformation exist through continued cost reduction and improving unit economics.
Navigating challenges such as GPPU pressure and profitability concerns will be key for Vroom's future financial success.

Vroom reports improved Q1 performance, eyes growth opportunities ahead

Vroom's Q1 performance reflects progress in financial metrics and operational efficiency.
Strategic initiatives to optimize cost structures and enhance liquidity position Vroom for growth.
Challenges in managing gross profit per unit and market uncertainties require strategic focus.
Opportunities lie in resuming growth, improving cost structures, and maximizing stakeholder value.

Vroom reports Q2 revenue of $225M with focus on cost reduction and growth strategies

Vroom's Q2 2023 earnings call highlights a mixed financial performance with a focus on cost reduction and strategic growth initiatives. The company aims to balance growth with financial discipline while optimizing operations for long-term success.

Vroom reports Q3 loss, focuses on efficiency and growth opportunities

Vroom's Q3 performance reflects growth in e-commerce units, improved GPPU, and operational efficiency.
Despite challenges in operating at a loss, strategic initiatives and cost reductions demonstrate progress.
Opportunities lie in scaling the business, enhancing unit economics, and leveraging data assets for future growth.

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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.

Vroom's (VRM) CEO Paul Hennessy on Q4 2020 Results - Earnings Call Transcript

Vroom reported fourth-quarter results that showed increased use of online channels to buy used cars. In terms of headline numbers, Vroom said that revenues came in at $405.8 million, which topped Street estimates of $401 million.

Vroom: Consumer Demand For Used Cars Eclipses Pre-COVID Levels

Vroom stock plunged after the market close Wednesday as the online retailer of used automobiles reported fourth-quarter results that beat on revenue and missed estimates on earnings. The post Vroom Fourth-Quarter Revenue Tops Estimates, Earnings Fall Short appeared first on Investor's Business Daily.

Vroom Fourth-Quarter Revenue Tops Estimates, Earnings Fall Short

Vroom Inc. (NASDAQ: VRM) said on Wednesday that its adjusted loss in the fiscal fourth quarter came in wider than expected. The company attributed the decline to the ongoing Coronavirus pandemic that has so far infected more than 29 million people in the United States and caused over half a million deaths.

Vroom's revenue climbs by 14.1% in the fiscal fourth quarter

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Shares of Vroom Inc. fell more than 12% in the extended session Wednesday after the online used-car retailer reported a wider-than-expected adjusted fourth-quarter loss. Vroom said it lost $60.7 million, or 46 cents a share, in the quarter, compared with a loss of $42.7 million in the year-ago quarter.

Vroom falls more than 12% after wider quarterly loss

NEW YORK--(BUSINESS WIRE)-- #GetAVroom--Vroom, Inc. (Nasdaq:VRM), a leading ecommerce platform for buying and selling used vehicles, today announced financial results for the fourth quarter and fiscal year ended December 31, 2020. HIGHLIGHTS OF FOURTH QUARTER 2020 11,022 ecommerce units sold, up 74% YoY Ecommerce revenue of $285.0 million, up 43% YoY Ecommerce gross profit of $20.1 million, up 95% YoY HIGHLIGHTS OF FISCAL YEAR 2020 34,488 ecommerce units sold, up 82% YoY Ecommerce revenue of $915.5 million,

Vroom Reports Fourth Quarter and FY 2020 Results

NEW YORK, Feb. 11, 2021 (GLOBE NEWSWIRE) -- 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 fourth quarter and fiscal year ending December 31, 2020, after the market closes on Wednesday, March 3, 2021. Vroom management will discuss these results and other information regarding the Company during a conference call and audio webcast that same day at 5:00 p.m. ET.

Vroom Announces Fourth Quarter and Fiscal Year 2020 Earnings Conference Call and Audio Webcast Scheduled for March 3, 2021

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VRM's asset-light and data-heavy business model has proven successful with strong gross profit growth as unit volumes grow. Used auto e-commerce penetration sits below 1% and has much room to grow amid the digitization of auto sales.

Vroom: A Compelling Buy For Digitization Of Auto Sales

The online used car dealer rose with the help of an analyst upgrade.

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An acquisition strengthened the company's focus on data science.

Vroom Just Added to its Tech Advantage

The stock price of Vroom Inc (NASDAQ: VRM) increased by 6.24% today. This is why it happened.

Vroom Stock Price Increased 6.24%: Why It Happened

“Buy a car entirely online, and have it safely delivered, contact-free.” So goes the pitch at online car-buying platform Vroom, which is turning to artificial intelligence (AI) and machine learning (ML) to further accelerate the transformation of the used car business.

Will Vroom's Plan To Bring AI To Auto Sales Mark The Death Of Dealerships?

Vroom's announcement that it will purchase AI-enabled info provider CarStory shows how used-car retailers are increasingly relying on data science.

Vroom Acquires AI-Enabled Vehicle Information Provider CarStory

Vroom said on Tuesday (Dec. 15) that it has entered into a definitive deal to buy artificial intelligence (AI)-fueled analytics and digital services company CarStory via the purchase of Vast Holdings, Inc., according to an announcement. “As car buyers and sellers across the country increasingly turn to eCommerce solutions, CarStory will strengthen and extend the […]

Vroom To Buy AI-Powered Analytics And Digital Services Firm CarStory

Acquisition adds industry's largest source of AI-powered market data plus advanced digital retailing services to Vroom's platform Acquisition adds industry's largest source of AI-powered market data plus advanced digital retailing services to Vroom's platform

Online Automotive Retailer Vroom to Acquire CarStory

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Carvana Vs. Vroom: Jefferies Picks A Winner

News for Vroom Stock (VRM)