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, Inc. (VRM) CEO Paul Hennessy on Q4 2021 Results - Earnings Call Transcript

Vroom (VRM) delivered earnings and revenue surprises of -22.08% and 4.21%, respectively, for the quarter ended December 2021. Do the numbers hold clues to what lies ahead for the stock?

Vroom (VRM) Reports Q4 Loss, Tops Revenue Estimates

Shares of Vroom Inc. VRM, -1.94% fell more than 5% in the extended session Monday after the online used-car retailer reported mixed fourth-quarter results, posting a wider-than-expected loss and sales that were above expectations, and called for lower-than-expected sales in the current quarter. Vroom said it lost $130 million, or 95 cents a share, in the quarter, compared with a loss of $61 million, or 44 cents a share, in the year-ago quarter.

Vroom stock falls after online used-car retailer faces headwinds amid higher demand

NEW YORK--(BUSINESS WIRE)---- $VRM #VRM--Vroom Reports Strong Fourth Quarter and Full Year 2021 Growth

Vroom Reports Strong Fourth Quarter and Full Year 2021 Growth

Vroom (VRM) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

Vroom (VRM) Expected to Beat Earnings Estimates: What to Know Ahead of Q4 Release

STATESVILLE, N.C.--(BUSINESS WIRE)--Vroom, Inc. (Nasdaq:VRM), a leading ecommerce platform for buying and selling used vehicles, today announced its new Extended Mile hub in Statesville, North Carolina. Similar to Vroom's Last Mile hubs but with broader reach, the new Extended Mile hub provides a more customized driveway experience for 2.6 million people in more than 600 ZIP codes across North Carolina. Vroom has delivered in the Statesville area since the company was founded in 2012, but is no

Online Automotive Retailer Vroom Announces Extended Mile Hub in Statesville, Offering More Personalized Concierge Experience for North Carolina Customers

Online used car buying and selling platform Vroom has unveiled the pricing of its first auto loan securitization offering of $296 million, the company said in a news release Thursday (Feb. 10). Vroom said the securitization is a private offering, which will see its recent acquisition of the vehicle finance company United Auto Credit Corporation […]

Vroom Announces $296M Loan Securitization

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), a wholly-owned subsidiary of the company, priced an auto loan securitization offering of $296.17 million in aggregate principal amount of automobile receivable backed notes on February 9, 2022. The Q1 2022 securitization is a private offering under Rule 144A in which UACC expects to sell approximately

Vroom Announces Pricing of First Auto Loan Securitization

Vroom (VRM) saw its shares surge in the last session with trading volume being higher than average. The latest trend in earnings estimate revisions may not translate into further price increase in the near term.

Vroom (VRM) Stock Jumps 9.2%: Will It Continue to Soar?

NEW YORK--(BUSINESS WIRE)---- $VRM #vrm--Vroom Announces Fourth Quarter and Fiscal Year 2021 Earnings Conference Call

Vroom Announces Fourth Quarter and Fiscal Year 2021 Earnings Conference Call and Audio Webcast Scheduled for March 1st, 2022

eCommerce platform Vroom announced Tuesday (Feb. 1) that it has completed the acquisition of United Auto Credit Corporation (UACC), which works in automotive financing. According to the news release, Vroom wants to boost its ability to access more sales growth, and the acquisition will accelerate this goal.

Auto eTailer Vroom Completes Acquisition of United Auto Credit

NEW YORK--(BUSINESS WIRE)--Vroom (NASDAQ: VRM), an innovative ecommerce platform that offers a better way to buy and sell used vehicles, today announced the successful completion of its acquisition of United Auto Credit Corporation (UACC), a proven leader in automotive finance. The acquisition accelerates Vroom's strategy of establishing a captive finance arm to support sales growth, improve unit economics and create long-term value for Vroom's shareholders. The deal also welcomes over 500 UACC

Online Automotive Retailer Vroom Successfully Completes Acquisition of United Auto Credit Corporation

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Keybanc analyst Edward Yruma upgraded shares of online car seller Vroom to Buy, while downgrading shares of online car seller Carvana. He says investors can profit from playing both stocks in a so-called pair trade.

The Online Car Market Is Heating Up. Why an Analyst Says to Buy Vroom Stock and Sell Carvana.

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NEW YORK--(BUSINESS WIRE)---- $VRM #VRM--Online Automotive Retailer Vroom Announces Amendment of Floorplan

Online Automotive Retailer Vroom Announces Amendment of Floorplan Commitment from Ally Financial

ORLANDO, Fla.--(BUSINESS WIRE)--Vroom, Inc. (Nasdaq:VRM), a leading ecommerce platform for buying and selling used vehicles, today announced its first Extended Mile hub in Orlando, Florida. Similar to Vroom's Last Mile hubs but with broader reach, the new Extended Mile hub in Winter Garden provides a more customized driveway experience for 4.2 million people in more than 300 ZIP codes across Florida. Vroom has delivered in the Orlando area since the company was founded in 2012, then launched on

Online Automotive Retailer Vroom Announces First Extended Mile Hub in Orlando, Offering More Personalized Concierge Experience for Florida Customers

NEW YORK--(BUSINESS WIRE)---- $VRM #Vroom--Vroom Announces Appointment of Chief Operating Officer

Vroom Announces Appointment of Chief Operating Officer

Vroom went public in June 2020, raising $468 million in an IPO.

Vroom Ramps Growth, But Operating Losses Remain High

NEW YORK--(BUSINESS WIRE)-- #Securities--Bragar Eagel & Squire, P.C., a nationally recognized shareholder rights law firm, is investigating potential claims against Vroom, Inc. (NASDAQ: VRM) on behalf of long-term stockholders following a class action complaint that was filed against Vroom on March 22, 2021. Our investigation concerns whether the board of directors of Vroom have breached their fiduciary duties to the company. The complaint alleges that throughout the Class Period, Defendants made materia

VROOM ALERT: Bragar Eagel & Squire, P.C. Is Investigating Vroom, Inc. on Behalf of Long-Term Stockholders and Encourages Investors to Contact the Firm

SAN DIEGO & NEW YORK--(BUSINESS WIRE)---- $VRM #investing--Vroom, Inc. (VRM) is Accused of Misleading Investors About its Ability to Meet Demand for its Vehicles

SHAREHOLDER ALERT: Robbins LLP Investigates Vroom, Inc. (VRM) on Behalf of Shareholders

Vroom, Inc. (VRM) CEO Paul Hennessy on Q3 2021 Results - Earning Call Transcript

Vroom (VRM) delivered earnings and revenue surprises of 5.41% and 0.35%, respectively, for the quarter ended September 2021. Do the numbers hold clues to what lies ahead for the stock?

Vroom (VRM) Reports Q3 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 third quarter ended September 30, 2021 (“Q3 2021”). HIGHLIGHTS OF THIRD QUARTER 2021 19,683 ecommerce units sold, up 123% YoY Ecommerce revenue of $701.7 million, up 216% YoY Ecommerce gross profit of $50.4 million, up 161% YoY Vroom enters into definitive agreement to acquire United Auto Credit Corporation ("UACC") Vroom appoints new

News for Vroom Stock (VRM)