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.

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, 2022. HIGHLIGHTS OF SECOND QUARTER 2022 VERSUS FIRST QUARTER 2022 Ecommerce gross profit per unit of $3,629, up 106% SG&A expenses decreased $35.0 million Net loss improved from $310.5 million to $115.1 million Adjusted EBITDA loss improved from $107.4 million to $85.6 million Tom Shortt, Chief Executi

Vroom Announces Record Ecommerce Gross Profit Per Unit of $3,629

PYMNTS' Connected Economy™ 100 Index (CE100 Index™) marched upward by 5.5% this past week, continuing a streak that now has extended to three straight weeks. CE100 Stock Performance Source: PYMNTS The top performing sector was the Shop pillar, which surged by 13.3% through the past five sessions.

CE100 Index Gains 5.5% as Vroom Soars 55%, Platforms Gain Steam on Earnings

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Why Fast-paced Mover Vroom (VRM) Is a Great Choice for Value Investors

Vroom (VRM) has been upgraded to a Zacks Rank #1 (Strong Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term.

Vroom (VRM) Upgraded to Strong Buy: What Does It Mean for the Stock?

NEW YORK--(BUSINESS WIRE)--Vroom (NASDAQ: VRM), an innovative ecommerce platform that offers a better way to buy and sell used vehicles, today announced that United Auto Credit Corporation (UACC), an indirect wholly-owned subsidiary of the company, priced an auto loan securitization of $255.080 million in aggregate principal amount of automobile receivable backed notes (the “Notes”) on July 14, 2022. The Q3 2022 securitization is a private offering under Rule 144A in which UACC offered approxim

Vroom Announces Pricing of UACC Auto Loan Securitization

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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, 2022, after the market closes on Monday, August 8, 2022. Vroom management will discuss these results and other information regarding the Company during a conference call and audio webcast on Tuesday, August 9, 2022 at 8:30 a.m. ET. To access the conference call, please register

Vroom to Release Second Quarter 2022 Earnings on August 8, 2022

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NEW YORK--(BUSINESS WIRE)--As previously announced, Vroom, Inc. (Nasdaq: VRM), a leading e-commerce platform for buying and selling used vehicles, is hosting a virtual analyst and investor event on Thursday, May 26th, 2022. The event will begin at 9:00 am ET and is expected to conclude at approximately 12:00 pm ET. Members of the leadership team will provide a presentation on Vroom's recently announced Business Realignment Plan, key initiatives, and strategies for positioning Vroom for long ter

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VRM stock could have a rendezvous with $5 or even $10 as Vroom posts a narrower quarterly earnings loss than expected. The post A CEO Change Means Vroom Is About to Turn a Corner appeared first on InvestorPlace.

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Vroom reported its Q1 FY 2022 results, May 9th, and guided the street to $500 million on unrestricted year-end 2022 cash. Outside of its owned UACC unit, which they paid $318 million, to acquire in February 2022, Vroom's only long term debt is $625 million 0.75% coupon 2026 convertible.

Vroom: At $1.50, A David Tepper-Type Opportunity

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Vroom, Inc. (NASDAQ:VRM ) Q1 2022 Earnings Conference Call May 10, 2022 8:30 AM ET Company Participants Liam Harrington - Vice President, Investor Relations Bob Mylod - Executive Chairman Tom Shortt - Chief Executive Officer Bob Krakowiak - Chief Financial Officer Conference Call Participants Rajat Gupta - JPMorgan Sam Reid - Wells Fargo Colin Sebastian - Baird Seth Basham - Wedbush John Colantuoni - Jefferies Naved Khan - Truist Operator Good day, and welcome to Vroom's First Quarter 2022 Earnings Call. At this time, all participants are in listen-only mode.

Vroom, Inc. (VRM) CEO Tom Shortt on Q1 2022 Results - Earnings Call Transcript

The stock has declined dramatically since its peak in 2020. Management announced a new plan to turn the business around.

Vroom Stock Races Ahead After Earnings, CEO Switch and Turnaround Plan

News for Vroom Stock (VRM)