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NASDAQ:VRM

Vroom 11/12/2024 Earnings Results & Report

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$6.97 +0.21 (+3.11%)
Closing price 04:00 PM Eastern
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Vroom reported earnings on November 12, 2024. The company reported EPS of -$20.88, while revenue was $50.21 million.

Earnings Announcement Details

Time
After Market Closes

Vroom EPS Results

Actual EPS
-$20.88
Consensus EPS
N/A
Beat/Miss
N/A
One Year Ago EPS
N/A
EPS Beat Rate
3 of last 4 quarters

Vroom Revenue Results

Actual Revenue
$50.21 million
Expected Revenue
N/A
Beat/Miss
N/A
YoY Revenue Growth
N/A

Conference Call Resources

Vroom Earnings FAQ

Vroom (NASDAQ:VRM) reported earnings of -$20.88 per share for the quarter. The report was announced on Tuesday, November 12, 2024.

Vroom reported revenue of $50.21 million for the quarter.

Vroom Earnings Headlines

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About Vroom

Vroom (NASDAQ:VRM) (NASDAQ: VRM) was an online automotive retailer that enabled consumers to buy and sell used vehicles through its digital platform. The company offered vehicle selection, pricing, financing, trade-ins, vehicle delivery and related transaction services, aiming to provide a primarily online alternative to traditional used-car dealerships.

Founded in 2013, Vroom expanded its operations across the United States and supported its retail business with vehicle reconditioning, logistics and e-commerce technology. Its affiliated businesses also included United Auto Credit Corporation, an automotive finance company, and CarStory, a data and analytics platform that provided technology and vehicle intelligence services to automotive retailers and manufacturers.

In January 2024, Vroom announced that it would discontinue its used-vehicle e-commerce operations and wind down related dealership activities. The company stated that it intended to focus on its remaining businesses, including automotive finance and automotive technology, while pursuing strategic alternatives and reducing costs. Because Vroom’s operations and corporate structure have changed significantly, its historical online retail business may not represent its current activities.

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