Vroom, Inc. (VRM)

NASDAQ: VRM · Real-Time Price · USD
5.41
+1.16 (27.29%)
At close: Nov 19, 2024, 4:00 PM
5.20
-0.21 (-3.88%)
After-hours: Nov 19, 2024, 7:58 PM EST
27.29%
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]

IPO Date Jun 9, 2020
Employees 1,682
Stock Exchange NASDAQ
Ticker Symbol VRM
Full Company Profile

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 Statements

News

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...

6 days ago - PYMNTS

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...

7 days ago - Business Wire

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 ...

7 days ago - Business Wire

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...

2 months ago - PYMNTS

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 ...

2 months ago - Business Wire

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...

2 months ago - Business Wire

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...

3 months ago - PYMNTS

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...

3 months ago - Business Wire

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.

4 months ago - Market Watch

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...

4 months ago - Business Wire

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...

6 months ago - Business Wire

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,...

7 months ago - Business Wire

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...

8 months ago - PYMNTS

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...

8 months ago - PYMNTS

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...

Other symbols: BIRDBZFDRENT
8 months ago - Invezz

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.

Other symbols: BZFDCVNA
8 months ago - Seeking Alpha

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...

8 months ago - Business Wire

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...

9 months ago - Business Wire

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...

10 months ago - TechCrunch

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...

10 months ago - Investopedia

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...

10 months ago - PYMNTS

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...

10 months ago - Market Watch

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...

10 months ago - Business Wire

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...

11 months ago - Business Wire

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 ...

11 months ago - Business Wire