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.

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Vroom stock has enjoyed a strong debut so far. But an unfortunate missed opportunity in the second quarter may come to haunt the online auto dealer.

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Vroom, Inc. (VRM) CEO Paul Hennessy on Q2 2020 Results - Earnings Call Transcript

Vroom Inc. (NASDAQ: VRM) published its quarterly financial results on Wednesday that came in stronger than what the analysts had anticipated. Shares of the company were reported about 16% down in extended trading after a 6.6% gain in the regular session on Wednesday.

Vroom tops analysts’ estimates for earnings and revenue in fiscal Q2

Vroom reported second-quarter results late Wednesday that beat estimates but provided a third-quarter outlook that fell short for the online auto dealer of used cars. Vroom stock plunged.

Vroom Quarterly Results Beat Estimate But Stock Drops On Outlook

Vroom Inc. VRM, +6.56% shares fell in the extended session Wednesday after the online used-car sales site's outlook missed Wall Street estimates.

Vroom stock drops as outlook misses Street view

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NEW YORK, July  30, 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 second quarter ending June 30, 2020, after the market closes on Wednesday, August 12, 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.

UPDATE - Vroom Announces Second Quarter 2020 Earnings Conference Call and Audio Webcast Scheduled for August 12, 2020

NEW YORK, July  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 second quarter ending June 30, 2020, after the market closes on Wednesday, August 12, 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 Second Quarter 2020 Earnings Conference Call and Audio Webcast Scheduled for August 12, 2020

Vroom takes out the inconvenience of car buying and selling, and after the pandemic, Vroom stock looks set to majorly accelerate.
The post Vroom Stock Will Pick Up the Pace After the Pandemic appeared first on InvestorPlace.

Vroom Stock Will Pick Up the Pace After the Pandemic

Without a moat and with a vulnerable business model, Vroom stock is setting up for a big drop that will shake up its shareholders.
The post Vroom Stock Is Due for a Disturbingly Steep Correction appeared first on InvestorPlace.

Vroom Stock Is Due for a Disturbingly Steep Correction

So, what's the call? Keep Vroom stock on your radar, but sit on the sidelines for now.

Vroom Stock Has Long-Term Potential, But Expect Short-Term Challenges

Online used car seller Vroom has been roaring since its recent IPO. Despite potential short-term challenges for VRM shares, the future is likely to be bright for Vroom stock.

Wait for the Next Pullback Before Buying Vroom Stock

One month after the company went public, Vroom stock is showing signs that a weaker economy may crimp demand for used cars digital or not.
The post The Story of Vroom Stock Is Still Being Written appeared first on InvestorPlace.

The Story of Vroom Stock Is Still Being Written

Vroom stock shot up fast after its IPO, and the company has more room to run as online used car sales continue to increase.
The post Vroom Is Likely To Rise As More People Buy Used Cars Online appeared first on InvestorPlace.

Vroom Is Likely To Rise As More People Buy Used Cars Online

While Vroom stock has catapulted since its IPO, there's still room for growth because of the big backers supporting the cause.
The post Vroom’s Insiders Make It a Long-Term Buy appeared first on InvestorPlace.

Vroom’s Insiders Make It a Long-Term Buy

With showrooms forced to shut thier doors, the shift to a digital buying experience has paved the way online auto names like Vroom stock.
The post Vroom Stock Races Ahead As Auto Sales Go Digital appeared first on InvestorPlace.

Vroom Stock Races Ahead As Auto Sales Go Digital

The spike in Vroom Inc’s (NASDAQ: VRM) stock from an IPO price of $22 less than a month back suggests that the company’s strong near-term potential is already priced in, according to BofA Securities.

BofA Says Vroom's Growth Prospects Are Already Priced In

VRM stock may have underlying profitability yet, but shares sport plenty of features in a coronavirus-driven environment that are well-equipped for a breakout in the coming weeks.
The post Post-IPO Vroom Stock Shows It Has What It Takes to Drive Strongly Higher appeared first on InvestorPlace.

Post-IPO Vroom Stock Shows It Has What It Takes to Drive Strongly Higher

Vroom, an online platform to buy, sell, or trade used vehicles online, listed on the markets in early June, and the stock has more than doubled from its offer price of $22 per share to about $55 currently. The company has been recording strong revenue growth, with sales rising from about $855 M.

How Does Vroom Make Money?

Vroom trades for about 3x next year's sales, which is too cheap and makes it worthwhile considering.

News for Vroom Stock (VRM)