Vroom, Inc. (VRM)
Market Cap | 9.86M |
Revenue (ttm) | 637.86M |
Net Income (ttm) | -270.45M |
Shares Out | 1.82M |
EPS (ttm) | -151.14 |
PE Ratio | n/a |
Forward PE | n/a |
Dividend | n/a |
Ex-Dividend Date | n/a |
Volume | 895,751 |
Open | 4.40 |
Previous Close | 4.25 |
Day's Range | 4.28 - 6.69 |
52-Week Range | 4.25 - 76.96 |
Beta | 1.89 |
Analysts | n/a |
Price Target | n/a |
Earnings Date | Nov 12, 2024 |
About VRM
Vroom, Inc. operates as an automotive finance company. The company offers vehicle financing to its customers through third party dealers under the UACC brand. It also provides artificial intelligence powered analytics and digital services to dealers, automotive financial services companies, and others in the automotive industry for automotive retail. The company was formerly known as Auto America, Inc. and changed its name to Vroom, Inc. in July 2015. Vroom, Inc. was incorporated in 2012 and is based in Houston, Texas. On November 13, 2024, Vro... [Read more]
Financial Performance
In 2023, Vroom's revenue was $893.20 million, a decrease of -54.17% compared to the previous year's $1.95 billion. Losses were -$365.54 million, -19.11% less than in 2022.
Financial StatementsNews
Vroom Files for Bankruptcy, Says Subsidiaries Not Expected to Follow
Automotive finance company and digital services platform Vroom filed for Chapter 11 bankruptcy Wednesday (Nov. 13), saying in a filing with the Securities and Exchange Commission (SEC) that it plans t...
Vroom Announces Third Quarter 2024 Results
NEW YORK--(BUSINESS WIRE)--Vroom, Inc. (Nasdaq:VRM) today announced financial results for the third quarter ended September 30, 2024. HIGHLIGHTS OF THIRD QUARTER 2024 $51.1 million cash and cash equiv...
Vroom Announces Equity-for-Debt Recapitalization
NEW YORK--(BUSINESS WIRE)--Vroom, Inc. (Nasdaq: VRM), a leading automotive finance company and an AI-powered analytics and digital services platform for automotive retail, today announced that it has ...
Vroom Shifts Focus to Core Assets and Future Growth
In a move to redefine its future, used car digital marketplace Vroom on Tuesday (Sept. 23) said it completed the wind-down of its eCommerce and used vehicle dealership operations and released a long-t...
Vroom Released Long-term Strategic Plan
NEW YORK--(BUSINESS WIRE)--Vroom, Inc. (Nasdaq: VRM) today released an investor presentation (the “Investor Presentation”) which includes the Company's long-term strategic plan and key initiatives. A ...
Patron Points Partners with Vroom Delivery to Offer Single Sign-On Age Verification
WOODBURY, Minn.--(BUSINESS WIRE)--Patron Points (www.patronpoints.com), a leader in convenience store loyalty and mobile app development has partnered with Vroom Delivery (www.vroomdelivery.tech), a d...
CE 100 Index Surges 4.7% as Vroom Steers Toward Double-Digit Growth
Earnings were everywhere this past week, propelling the CE 100 Index 4.7% higher, and any losses seen among our names were negligible. In fact, most of those declining stocks slipped less than 1%, ex...
Vroom Announces Second Quarter 2024 Results
NEW YORK--(BUSINESS WIRE)--Vroom, Inc. (Nasdaq:VRM) today announced financial results for the second quarter ended June 30, 2024. HIGHLIGHTS OF SECOND QUARTER 2024 $63.4 million cash and cash equivale...
Vroom: Main engine of U.S. economy — consumers — showing no sign of sputtering
Don't bet against the American consumer, an old saying goes. That wisdom was borne out this spring and summer, when wagering against them would have been a mistake.
Vroom to Release Second Quarter 2024 Earnings on August 8, 2024
NEW YORK--(BUSINESS WIRE)--Vroom, Inc. (Nasdaq: VRM) today announced that it will release its financial results for the second quarter ending June 30, 2024, after the market closes on Thursday, August...
Vroom Announces First Quarter 2024 Results
NEW YORK--(BUSINESS WIRE)--Vroom, Inc. (Nasdaq:VRM) today announced financial results for the first quarter ended March 31, 2024. HIGHLIGHTS OF FIRST QUARTER 2024 $91.0 million cash and cash equivalen...
Vroom to Release First Quarter 2024 Earnings on May 9, 2024
NEW YORK--(BUSINESS WIRE)--Vroom, Inc. (Nasdaq: VRM) today announced that it will release its financial results for the first quarter ending March 31, 2024, after the market closes on Thursday, May 9,...
Vroom Delivery and Finix Team on Convenience Store Payments
Convenience store commerce platform Vroom Delivery has launched a partnership with payment processor Finix. The collaboration, announced Monday (April 8), is centered around the creation of a new tool...
Vroom Completes Wind-Down of eCommerce, Used Vehicle Dealership Businesses
Vroom completed the previously announced wind-down of its eCommerce and used vehicle dealership businesses. The company ended transactions through vroom.com, completed previously contracted transactio...
From unicorns to near zero: RENT, Allbirds, Vroom, and BuzzFeed
Many companies that were once unicorns are struggling to survive as interest rates remain at an elevated level and as growth slows. Some former unicorns like WeWork, Hopin, Olive AI, and Convoy have a...
Carvana, Vroom, BuzzFeed, Encore Wire - Getting Paid To Take Risks With Courage & Conviction Investing
The market doesn't understand Carvana and Vroom, according to Courage & Conviction Investing. BuzzFeed's recent sale and balance sheet improvements make it an interesting investment opportunity.
Vroom Announces Fourth Quarter and Full Year 2023 Results
NEW YORK--(BUSINESS WIRE)--Vroom, Inc. (Nasdaq:VRM) today announced financial results for the fourth quarter and fiscal year ended December 31, 2023. HIGHLIGHTS OF FOURTH QUARTER AND FULL YEAR 2023 $1...
Vroom to Release Fourth Quarter and Fiscal Year 2023 Earnings on March 13, 2024
NEW YORK--(BUSINESS WIRE)--Vroom, Inc. (Nasdaq: VRM) today announced that it will release its financial results for the fourth quarter and fiscal year ended December 31, 2023 after the market closes o...
Vroom hits the brakes on its online used car business to go full throttle on auto financing and AI
Vroom is shutting down its online used car marketplace and shifting all of its resources and capital into two business units focused on auto financing and AI-powered analytics. About 800 employees, or...
Vroom Stock Plunges After Winding Down E-Commerce Business—Key Chart Levels to Monitor
Shares of vehicle e-commerce platform Vroom (VRM) plunged over 50% ahead of the opening bell Tuesday after the company said it plans to discontinue its e-commerce operations and wind down its used veh...
Vroom Exiting Car Sales, Focusing on Finance and AI Services
Vroom is winding down its eCommerce operations and discontinuing its used vehicle dealership business. The company aims to preserve liquidity and maximize stakeholder value through its remaining busi...
This once-mighty Carvana competitor just announced it is winding down operations
Vroom Inc., once valued at a heady $2.5 billion, said Monday it is winding down its online used-car sales business in order to preserve liquidity, as its market cap has dwindled to less than $100 mill...
Vroom Announces Wind-Down of Ecommerce Used Vehicle Operations
HOUSTON--(BUSINESS WIRE)--Vroom, Inc. (Nasdaq:VRM) (Vroom, or the Company), a leading ecommerce platform for buying and selling used vehicles, today announced that it is discontinuing its ecommerce op...
Vroom Files Preliminary Proxy Statement for Reverse Stock Split
HOUSTON--(BUSINESS WIRE)--Vroom, Inc. (Nasdaq: VRM) (“Vroom,” the “Company,” “us,” “we” and “our”), a leading e-commerce platform for buying and selling used vehicles, today announced it has filed a p...
Vroom CEO Named Executive to Watch in 2024 by Auto Finance News
NEW YORK--(BUSINESS WIRE)--Vroom, Inc. (Nasdaq: VRM), a leading e-commerce platform for buying and selling used vehicles, announced today that Tom Shortt, Chief Executive Officer, has been recognized ...