Vroom, Inc. (VRM)
| Market Cap | 19.64M |
| Revenue (ttm) | 893.20M |
| Net Income (ttm) | -365.54M |
| Shares Out | 1.79M |
| EPS (ttm) | -209.70 |
| PE Ratio | n/a |
| Forward PE | n/a |
| Dividend | n/a |
| Ex-Dividend Date | n/a |
| Volume | 16,415 |
| Open | 11.25 |
| Previous Close | 11.07 |
| Day's Range | 10.92 - 11.50 |
| 52-Week Range | 8.11 - 225.60 |
| Beta | 1.93 |
| Analysts | Buy |
| Price Target | 80.00 (+631.26%) |
| Earnings Date | May 7, 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. [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 StatementsAnalyst Forecast
According to one analyst, the rating for VRM stock is "Buy" and the 12-month stock price forecast is $80.0.
News
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...
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 ...
Vroom Announces “At The Market” (ATM) Equity Offering Program
HOUSTON--(BUSINESS WIRE)--Vroom, Inc. (Nasdaq: VRM), (“Vroom” or the “Company) a leading e-commerce platform for buying and selling used vehicles, today announced it has filed a prospectus supplement ...
Vroom Reports Inducement Grants Under Nasdaq Listing Rule 5635(c)(4)
NEW YORK--(BUSINESS WIRE)--Vroom, Inc. (Nasdaq: VRM), a leading e-commerce platform for buying and selling used vehicles, today reported that on November 18, 2023, the Compensation Committee of Vroom'...
Vroom Announces Third Quarter 2023 Results
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, 2023...
Vroom Partners with West Virginia DMV To Reduce Wait Time for Vehicle Titles
NEW YORK--(BUSINESS WIRE)--Vroom, Inc. (Nasdaq:VRM), a leading automotive ecommerce platform dedicated to improving the buying and selling of used vehicles, announced today the company is partnering w...
Vroom to Release Third Quarter 2023 Earnings on November 7, 2023
NEW YORK--(BUSINESS WIRE)--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 third quart...
Vroom Announces Second Quarter 2023 Results
NEW YORK--(BUSINESS WIRE)--Vroom, Inc. (Nasdaq:VRM), a leading ecommerce platform for buying and selling used vehicles, today announced financial results for the second quarter ended June 30, 2023. HI...
Banuba Face AR SDK Boosted MAU growth by 30% for VROOM
DUBAI, United Arab Emirates--(BUSINESS WIRE)-- #ARdevelopment--True Digital Group implemented Banuba's technologies in their video conferencing app and grew their registered and monthly active user nu...
Vroom to Release Second Quarter 2023 Earnings on August 8, 2023
NEW YORK--(BUSINESS WIRE)--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 quar...
CE 100 Index Soars 4.1% as Vroom, iRobot and WeWork Rally
The Federal Reserve has signaled it will pause rate hikes. In the meantime, the U.S. consumer keeps spending.
Vroom Announces First Quarter 2023 Results
NEW YORK--(BUSINESS WIRE)--Vroom, Inc. (Nasdaq:VRM), a leading ecommerce platform for buying and selling used vehicles, today announced financial results for the first quarter ended March 31, 2023. HI...
Vroom to Release First Quarter 2023 Earnings on May 9, 2023
NEW YORK--(BUSINESS WIRE)--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 first quart...
CarGurus, Vroom Show Connected Car's Journey Starts at Point of Sale
There are plenty of bumps in the road for auto sales. Inventory is improving but is still constrained, and inflation continues to keep car prices lofty.
Vroom Announces Fourth Quarter and Full Year 2022 Results
NEW YORK--(BUSINESS WIRE)--Vroom, Inc. (Nasdaq:VRM), a leading ecommerce platform for buying and selling used vehicles, today announced financial results for the fourth quarter and fiscal year ended D...