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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The stock price for each of these companies dropped more than 5% on Tuesday.

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Vroom Inc (NASDAQ: VRM) has priced $550 million 0.75% Convertible Senior Notes due 2028 in a private institutional offering to raise $535.7 million. The offering was upsized from $500 million announced earlier.

Vroom Raises $550M Via Upsized Convertible Senior Notes In Private Institutional Offering

Used-car e-commerce company Vroom Inc. said Wednesday it has upsized an offering of convertible bonds due 2026 to $550 million from a prior $500 million and priced the offering at 0.750%. The initial conversion rate is 17.8527 shares of common stock per $1,000 principal amount of notes, which represents an initial conversion price of approximately $56.01 per share of common stock, the company said in a statement.

Vroom upsizes convertible note offering to $550 million vs. prior $500 million

NEW YORK, June 16, 2021 (GLOBE NEWSWIRE) -- Vroom, Inc. (Nasdaq: VRM) (“Vroom”) today announced the pricing of its offering of $550,000,000 aggregate principal amount of 0.750% convertible senior notes due 2026 (the “notes”) in a private offering to qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended (the “Securities Act”). The offering size was increased from the previously announced offering size of $500,000,000 aggregate principal amount of notes. The issuance and sale of the notes are scheduled to settle on June 18, 2021, subject to customary closing conditions. Vroom also granted the initial purchasers of the notes an option to purchase, for settlement within a period of 13 days from, and including, the date notes are first issued, up to an additional $75,000,000 principal amount of notes.

Vroom, Inc. Announces Upsize and Pricing of its $550,000,000 Convertible Senior Notes Offering

NEW YORK, June 14, 2021 (GLOBE NEWSWIRE) -- Vroom, Inc. (Nasdaq: VRM) (“Vroom”) today announced its intention to offer, subject to market and other conditions, $500,000,000 aggregate principal amount of convertible senior notes due 2026 (the “notes”) in a private offering to qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended (the “Securities Act”). Vroom also expects to grant the initial purchasers of the notes an option to purchase, for settlement within a period of 13 days from, and including, the date the notes are first issued, up to an additional $75,000,000 aggregate principal amount of notes.

Vroom, Inc. Announces Proposed Convertible Senior Notes Offering

Markets returned to calm this week, with the major indices roughly flat as we wrap up the Q1 earnings season. Vroom is looking to grow tremendously this year after supply issues choked off the company's progress in 2020.

Diving Into Vroom And Other Top Picks In Tech

Vroom has seen continued growth and margin gains, but increasing losses as well. The potential market is huge, but it still is unclear to me if the business model works.

Vroom: Full Speed Ahead With Margin Bumps

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 Dallas Locals

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Los Angeles, California--(Newsfile Corp. - May 21, 2021) - The Schall Law Firm, a national shareholder rights litigation firm, reminds investors of a class action lawsuit against Vroom, Inc. ("Vroom" or "the Company") (NASDAQ: VRM) for violations of §§10(b) and 20(a) of the Securities Exchange Act of 1934 and Rule 10b-5 promulgated thereunder by the U.S. Securities and Exchange Commission.Investors who purchased the Company's securities between November 11, 2020 and March 3, 2021, inclusive (the...

DEADLINE TODAY: The Schall Law Firm Reminds Investors of a Class Action Lawsuit Against Vroom, Inc. and Encourages Investors with Losses in Excess of $250,000 to Contact the Firm

New York, New York--(Newsfile Corp. - May 21, 2021) - WHY: Rosen Law Firm, a global investor rights law firm, reminds purchasers of the securities of Vroom, Inc. (NASDAQ: VRM) between June 9, 2020 and March 3, 2021, inclusive (the "Class Period"), of the important May 21, 2021 lead plaintiff deadline.SO WHAT: If you purchased Vroom securities during the Class Period you may be entitled to compensation without payment of any out of pocket fees or...

VRM Final Deadline Today: Rosen, A Global and Leading Law Firm, Encourages Vroom, Inc. Investors to Secure Counsel Before Important May 21 Deadline in Securities Class Action - VRM

New York, New York--(Newsfile Corp. - May 20, 2021) - The following statement is being issued by Levi & Korsinsky, LLP:To: All persons or entities who purchased or otherwise acquired securities of Vroom, Inc. ("Vroom") (NASDAQ: VRM) between June 9, 2020 and March 3, 2021. You are hereby notified that a securities class action lawsuit has been commenced in the United States District Court for the Southern District of New York. To get more information...

SHAREHOLDER ALERT: Levi & Korsinsky, LLP Notifies Shareholders of Vroom, Inc. of a Class Action Lawsuit and a Lead Plaintiff Deadline of May 21, 2021 - VRM

New York, New York--(Newsfile Corp. - May 20, 2021) -  The Klein Law Firm announces that a class action complaint has been filed on behalf of shareholders of Vroom, Inc. (NASDAQ: VRM) alleging that the Company violated federal securities laws.Class Period: June 9, 2020 and March 3, 2021Lead Plaintiff Deadline: May 21, 2021Learn more about your recoverable losses in VRM:

VRM ALERT: The Klein Law Firm Announces a Lead Plaintiff Deadline of May 21, 2021 in the Class Action Filed on Behalf of Vroom, Inc. Limited Shareholders

LOS ANGELES--(BUSINESS WIRE)---- $VRM #investors--The Law Offices of Frank R. Cruz Reminds Investors of Looming Deadline in the Class Action Lawsuit Against Vroom, Inc. (VRM)

The Law Offices of Frank R. Cruz Reminds Investors of Looming Deadline in the Class Action Lawsuit Against Vroom, Inc. (VRM)

NEW YORK--(BUSINESS WIRE)--Attorney Advertising--Bronstein, Gewirtz & Grossman, LLC notifies investors that a class action lawsuit has been filed against Vroom, Inc. ("Vroom" or "the Company") (NASDAQ: VRM) and certain of its officers, on behalf of shareholders who purchased or otherwise acquired Root securities between June 9, 2020 and March 3, 2021, both dates inclusive (the "Class Period"). Such investors are encouraged to join this case by visiting the firm's site: www.bgandg.com/vrm. T

Two Days Left for Shareholders with Losses Exceeding $250K to Actively Participate in Class Action Against Vroom, Inc. (VRM) - Bronstein, Gewirtz & Grossman, LLC

Los Angeles, California--(Newsfile Corp. - May 20, 2021) - The Schall Law Firm, a national shareholder rights litigation firm, reminds investors of a class action lawsuit against Vroom, Inc. ("Vroom" or "the Company") (NASDAQ: VRM) for violations of §§10(b) and 20(a) of the Securities Exchange Act of 1934 and Rule 10b-5 promulgated thereunder by the U.S. Securities and Exchange Commission.Investors who purchased the Company's securities between November 11, 2020 and March 3, 2021, inclusive (the...

DEADLINE TOMORROW: The Schall Law Firm Reminds Investors of a Class Action Lawsuit Against Vroom, Inc. and Encourages Investors with Losses in Excess of $100,000 to Contact the Firm

RADNOR, Pa.--(BUSINESS WIRE)---- $VRM #classaction--Kessler Topaz Meltzer & Checker, LLP: Final Deadline Reminder for Vroom, Inc. Investors – VRM

Kessler Topaz Meltzer & Checker, LLP:  Final Deadline Reminder for Vroom, Inc. Investors – VRM

Securities Litigation Partner James (Josh) Wilson Encourages Investors Who Suffered Losses Exceeding $50,000 In Vroom, Inc. To Contact Him Directly To Discuss Their OptionsNew York, New York--(Newsfile Corp. - May 19, 2021) -  Faruqi & Faruqi, LLP, a leading national securities law firm, is investigating potential claims against Vroom, Inc. ("Vroom" or the "Company") (NASDAQ:VRM) and reminds investors of the May 21, 2021 deadline to seek the role of lead plaintiff in a federal securities class action that has been filed against the Company. If you suffered losses exceeding $50,000 investing in Vroom stock or options between June...

Vroom Shareholder Alert

New York, New York--(Newsfile Corp. - May 19, 2021) - WHY: Rosen Law Firm, a global investor rights law firm, reminds purchasers of the securities of Vroom, Inc. (NASDAQ: VRM) between June 9, 2020 and March 3, 2021, inclusive (the "Class Period"), of the important May 21, 2021 lead plaintiff deadline.SO WHAT: If you purchased Vroom securities during the Class Period you may be entitled to compensation without payment of any out of pocket...

VRM FINAL DEADLINE: ROSEN, RESPECTED INVESTOR COUNSEL, Encourages Vroom, Inc. Investors to Secure Counsel Before Important Friday Deadline in Securities Class Action - VRM

Radnor, Pennsylvania--(Newsfile Corp. - May 19, 2021) - The law firm of Kessler Topaz Meltzer & Check, LLP reminds Vroom, Inc. (NASDAQ: VRM) ("Vroom") investors that a securities fraud class action lawsuit has been filed on behalf of those who purchased or acquired Vroom securities between June 9, 2020 and March 3, 2021, inclusive (the "Class Period").Investor Deadline Reminder: Investors who purchased or acquired Vroom securities during the Class Period may, no later...

VRM DEADLINE: Kessler Topaz Meltzer & Check, LLP Reminds Investors of Vroom, Inc. of Deadline in Securities Fraud Class Action Lawsuit

Los Angeles, California--(Newsfile Corp. - May 19, 2021) - The Schall Law Firm, a national shareholder rights litigation firm, reminds investors of a class action lawsuit against Vroom, Inc. ("Vroom" or "the Company") (NASDAQ: VRM) for violations of §§10(b) and 20(a) of the Securities Exchange Act of 1934 and Rule 10b-5 promulgated thereunder by the U.S. Securities and Exchange Commission.Investors who purchased the Company's securities between June 9, 2020 and March 3, 2021, inclusive (the...

FRIDAY DEADLINE NOTICE: The Schall Law Firm Reminds Investors of a Class Action Lawsuit Against Vroom, Inc. and Encourages Investors with Losses in Excess of $250,000 to Contact the Firm

Los Angeles, California--(Newsfile Corp. - May 18, 2021) - The Schall Law Firm, a national shareholder rights litigation firm, reminds investors of a class action lawsuit against Vroom, Inc. ("Vroom" or "the Company") (NASDAQ: VRM) for violations of §§10(b) and 20(a) of the Securities Exchange Act of 1934 and Rule 10b-5 promulgated thereunder by the U.S. Securities and Exchange Commission.Investors who purchased the Company's securities between June 9, 2020 and March 3, 2021, inclusive (the...

FRIDAY DEADLINE REMINDER: The Schall Law Firm Reminds Investors of a Class Action Lawsuit Against Vroom, Inc. and Encourages Investors with Losses in Excess of $100,000 to Contact the Firm

NEW YORK, May 18, 2021 /PRNewswire/ -- Pomerantz LLP announces that a class action lawsuit has been filed against Vroom, Inc. ("Vroom" or the "Company") (NASDAQ: VRM) and certain of its officers.  The class action, filed in the United States District Court for the Southern District of New York, and docketed under 21-cv-03296, is on behalf of a class consisting of all persons and entities other than Defendants that purchased or otherwise acquired Vroom securities between June 9, 2020 and March 3, 2021, both dates inclusive (the "Class Period"), seeking to pursue remedies under the Securities Exchange Act of 1934 (the "Exchange Act").

Pomerantz Law Firm Announces the Filing of a Class Action Against Vroom, Inc. and Certain Officers - VRM

RADNOR, Pa., May 17, 2021 /PRNewswire/ -- The law firm of Kessler Topaz Meltzer & Check, LLP reminds Vroom, Inc. (NASDAQ:  VRM) ("Vroom") investors that a securities fraud class action lawsuit has been filed against on behalf of those who purchased or acquired Vroom securities between June 9, 2020 and March 3, 2021 , inclusive (the "Class Period").

Investor Reminder: Kessler Topaz Meltzer & Check, LLP Reminds Investors of Deadline in Securities Fraud Class Action Lawsuit Filed Against Vroom, Inc.

Radnor, Pennsylvania--(Newsfile Corp. - May 16, 2021) - The law firm of Kessler Topaz Meltzer & Check, LLP reminds investors that a securities fraud class action lawsuit has been filed against Vroom, Inc. (NASDAQ: VRM) ("Vroom") in the United States District Court for the Southern District of New York on behalf of those who purchased or acquired Vroom securities between June 9, 2020 and March 3, 2021, inclusive (the "Class Period").Investor Deadline Reminder: ...

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