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 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

Vroom Reports Strong Third Quarter 2021 Results

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Vroom (VRM) is seeing favorable earnings estimate revision activity and has a positive Zacks Earnings ESP heading into earnings season.

Why Vroom (VRM) Might Surprise This Earnings Season

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 Q3 Release

HOUSTON--(BUSINESS WIRE)--Vroom, Inc. (Nasdaq:VRM), a leading ecommerce platform for buying and selling used vehicles, today announced the opening of a new Houston hub, which will create a more customized driveway experience for nearly 7.1 million people in more than 455 zip codes within a 75-mile radius. The hub will also allow Vroom to inspect, detail and place temporary tags on all cars being delivered or picked up in Texas. The Last Mile Hub represents Vroom's ongoing commitment to Houston,

Online Automotive Retailer Vroom Increases Houston Presence With Launch of Last Mile Concierge Experience

NEW YORK--(BUSINESS WIRE)--Vroom, Inc. (Nasdaq:VRM), a leading ecommerce platform for buying and selling used vehicles, today announced the release of its newest broadcast spot featuring New York basketball All-Star Julius Randle. A humorous take on the unfortunate results consumers can experience purchasing cars from untrusted sources, the new creative brings to life Vroom's commitment to offering a better way to buy used cars. The new spot will start running Tuesday, Oct. 19th during local NB

Online Automotive Retailer Vroom Launches New TV Spot Featuring All Star Julius Randle

NEW YORK--(BUSINESS WIRE)--Vroom Announces Third Quarter 2021 Earnings Conference Call

Vroom Announces Third Quarter 2021 Earnings Conference Call and Audio Webcast Scheduled for November 10, 2021

Online automobile eCommerce startup Vroom is moving to acquire automotive finance firm United Auto Credit Corporation (UACC) for $300 million in an all-cash transaction, according to a press release emailed to PYMNTS on Tuesday (Oct. 12). The acquisition will help Vroom drive its strategy to integrate captive financing operations to strengthen and expand sales, boost […]

Digital Car Platform Vroom Acquiring United Auto Credit for $300M

Vroom Inc (NASDAQ: VRM) has agreed to acquire United Auto Credit Corporation (UACC), an automotive finance company, for $300 million in cash. UACC acquisition accelerates Vroom's objective to establish captive financing capabilities.

Vroom To Acquire Auto Lender UACC For $300M

NEW YORK--(BUSINESS WIRE)---- $VRM #getin--Online Automotive Retailer Vroom to Acquire United Auto Credit Corporation

Online Automotive Retailer Vroom to Acquire United Auto Credit Corporation

Carvana

Online used-car dealers like Carvana and Vroom have seen soaring sales and stock prices during the pandemic, and robust internet traffic indicates that consumer interest remains high in them.

Carvana and Vroom Still Have Room to Drive, According to Internet Traffic

NEW YORK--(BUSINESS WIRE)--Vroom, Inc. (Nasdaq:VRM), a leading ecommerce platform for buying and selling used vehicles (the “Company”), today announced the appointment of Robert R. Krakowiak as Chief Financial Officer, effective today. He succeeds David K. Jones, who previously served as Chief Financial Officer and will remain as a non-executive employee of the Company through November 30, 2021 in order to ensure a seamless transition. Mr. Krakowiak previously served as Chief Financial Officer

Vroom Announces Appointment of New Chief Financial Officer

Vroom Announces Appointment of New Chief Financial Officer Robert R. Krakowiak Appointed as Chief Financial Officer of Vroom

Car Buyers Within 70-Mile Radius Receive More Personalized Service, Direct to Their Driveways Car Buyers Within 70-Mile Radius Receive More Personalized Service, Direct to Their Driveways

Online Automotive Retailer Vroom Offers Last Mile Concierge Experience to Phoenix Locals

MINNEAPOLIS, Aug. 12, 2021 /PRNewswire/ -- FUSE Autotech, a fintech software platform that redefines the car buying process, today announced the completion of its $10 million Series A round of financing, led by Target Global with participation from PICO Venture Partners, Christopher Muhr, former COO of Auto1 (FSE: AG1), and Escavel Capital. This new round of funding will be used to expand FUSE's product and R&D teams.

Fintech Platform FUSE Autotech Raises $10M in Series A Funding Led by Target Global

Vroom Inc (NASDAQ: VRM) reported second-quarter FY21 sales growth of 201% year-on-year, to $761.89 million, beating the analyst consensus of $637.99 million. Ecommerce revenue jumped 230% Y/Y $579.7 million, and Ecommerce Unit Sales rose 172% Y/Y to 18,268.

Vroom Q2 Revenue Tops Consensus, Provides Mixed Outlook

Vroom posted results that showed continued traction in buying and selling vehicles online, particularly through the platform model. In terms of the headline numbers, the company's consolidated revenues stood at $761.9 million, up 201 percent year over year, and better than the $652 million that had been expected by Wall Street.

Vroom eCommerce Sales Jump 172 Pct As Data Enables Lower Prices, Rapid Turnover

Vroom, Inc. (VRM) CEO Paul Hennessy on Q2 2021 Results - Earnings Call Transcript

Shares of Vroom Inc. fell 3% late Wednesday after the online used-car retailer reported a narrower-than-expected quarterly loss and sales that were above Wall Street expectations but called for fewer unit sales in the current quarter.

Earnings Results: Vroom sells more cars than ever, but stock falls

NEW YORK--(BUSINESS WIRE)---- $VRM #GetIn--Vroom Reports Second Quarter 2021 Results

Vroom Reports Second Quarter 2021 Results

Vroom (VRM) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

Analysts Estimate Vroom (VRM) to Report a Decline in Earnings: What to Look Out for

Car Buyers Within 25-Mile Radius Receive More Personalized Service, Direct to Their Driveways Car Buyers Within 25-Mile Radius Receive More Personalized Service, Direct to Their Driveways

Online Automotive Retailer Vroom Offers Last Mile Concierge Experience to Seattle Locals

NEW YORK, July 09, 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 second quarter ending June 30, 2021, after the market closes on Wednesday, August 11, 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 Second Quarter 2021 Earnings Conference Call and Audio Webcast Scheduled for August 11, 2021

Shift Technologies

The growth of the used car market was sized up by an analyst Tuesday offering three stocks to watch.  The Carvana Analyst: Piper Sandler analyst Alexander E.

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