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.

Carvana

Jefferies initiated coverage of Vroom Inc (NASDAQ: VRM) and Carvana Co (NYSE: CVNA) on Friday and said one online car sales stock is a better investment opportunity than the other. The Analyst: Jefferies analyst John Colantuoni initiated coverage of Vroom with a Hold rating and $38 target and Carvana with a Buy rating and $300 target.

Carvana Vs. Vroom: Jefferies Picks A Winner

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Vroom, Inc. (VRM) CEO Paul Hennessy on Q3 2020 Results - Earnings Call Transcript

Shares of Vroom Inc. fell more than 10% in the extended session Wednesday after the online used-car seller reported third-quarter results that beat Wall Street expectations but said it expects wider losses in the fourth quarter. Vroom said it lost $37.9 million, or 31 cents a share, in the third quarter, compared with a loss of $39.7 million, or $12.24 a share, in the year-ago period.

Vroom stock falls 10% after Q3 results, guidance

NEW YORK--(BUSINESS WIRE)--Vroom, Inc. (NASDAQ:VRM), a leading e-commerce platform for buying and selling used vehicles, today announced financial results for the third quarter ended September 30, 2020 (“Q3 2020”). HIGHLIGHTS OF THIRD QUARTER 2020 8,823 ecommerce units sold, up 59% YoY Ecommerce revenue of $221.8 million, up 25% YoY Ecommerce gross profit of $19.3 million, up 120% YoY Paul Hennessy, Chief Executive Officer of Vroom, commented: “I am very pleased with our results for the third q

Vroom Reports Third Quarter 2020 Results

NEW YORK, Oct. 29, 2020 (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 third quarter ending September 30, 2020, after the market closes on Wednesday, November 11, 2020. 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 Third Quarter 2020 Earnings Conference Call and Audio Webcast Scheduled for November 11, 2020

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Vroom provides an end-to-end e-commerce platform for buying and selling used vehicles.

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NEW YORK--(BUSINESS WIRE)--Vroom, Inc. (NASDAQ: VRM) (“Vroom”), a leading ecommerce platform for buying and selling used vehicles, today announced the pricing of an underwritten public offering of 10,800,000 shares of its common stock at a price of $54.50 per share.

Vroom Announces Pricing of Follow-On Offering

NEW YORK--(BUSINESS WIRE)--Vroom, Inc. (Nasdaq: VRM) (“Vroom”), a leading e-commerce platform for buying and selling used vehicles, today announced that it has commenced an underwritten public offering of its common stock.

Vroom Announces Launch of Follow-On Offering

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News for Vroom Stock (VRM)