Vroom, Inc. (NASDAQ:VRM) insider Carol Denise Stott sold 32,184 shares of the firm's stock in a transaction dated Tuesday, June 15th. The stock was sold at an average price of $40.43, for a total transaction of $1,301,199.12. Following the transaction, the insider now directly owns 71,413 shares in the company, valued at $2,887,227.59. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.
Carol Denise Stott also recently made the following trade(s):
- On Monday, May 17th, Carol Denise Stott sold 11,886 shares of Vroom stock. The shares were sold at an average price of $39.72, for a total transaction of $472,111.92.
VRM stock traded down $0.40 during midday trading on Thursday, reaching $40.76. 107,726 shares of the company's stock traded hands, compared to its average volume of 2,836,841. The firm has a market capitalization of $5.56 billion and a P/E ratio of -21.78. The firm has a fifty day simple moving average of $42.74. Vroom, Inc. has a 52 week low of $26.96 and a 52 week high of $75.49.
Vroom (NASDAQ:VRM) last posted its quarterly earnings data on Wednesday, May 12th. The company reported ($0.57) earnings per share (EPS) for the quarter, topping the Zacks' consensus estimate of ($0.62) by $0.05. The firm had revenue of $591.12 million for the quarter, compared to the consensus estimate of $511.75 million. Vroom had a negative net margin of 15.19% and a negative return on equity of 19.28%. The business's revenue for the quarter was up 57.3% compared to the same quarter last year. During the same period in the previous year, the firm earned ($0.32) EPS. Equities analysts predict that Vroom, Inc. will post -2.01 EPS for the current year.
VRM has been the topic of a number of research analyst reports. Stifel Nicolaus reduced their price target on shares of Vroom from $65.00 to $55.00 and set a "buy" rating on the stock in a research note on Thursday, March 4th. Jefferies Financial Group reduced their price target on shares of Vroom from $45.00 to $43.00 and set a "hold" rating on the stock in a research note on Thursday, March 4th. They noted that the move was a valuation call. Truist reduced their price target on shares of Vroom from $58.00 to $54.00 in a research note on Thursday, March 4th. Raymond James boosted their price target on shares of Vroom from $47.00 to $53.00 and gave the stock an "outperform" rating in a research report on Thursday, May 13th. Finally, Zacks Investment Research upgraded shares of Vroom from a "sell" rating to a "hold" rating in a research note on Wednesday, May 5th. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating and thirteen have issued a buy rating to the company. Vroom presently has an average rating of "Buy" and an average target price of $57.00.
A number of institutional investors and hedge funds have recently bought and sold shares of VRM. Zurcher Kantonalbank Zurich Cantonalbank purchased a new position in Vroom during the 4th quarter worth $190,000. Arizona State Retirement System purchased a new position in shares of Vroom in the 4th quarter worth about $464,000. Victory Capital Management Inc. boosted its holdings in shares of Vroom by 15.0% in the 4th quarter. Victory Capital Management Inc. now owns 14,618 shares of the company's stock worth $599,000 after buying an additional 1,907 shares during the last quarter. Treasurer of the State of North Carolina boosted its holdings in shares of Vroom by 9.3% in the 4th quarter. Treasurer of the State of North Carolina now owns 9,840 shares of the company's stock worth $403,000 after buying an additional 840 shares during the last quarter. Finally, Swiss National Bank purchased a new position in shares of Vroom in the 4th quarter worth about $3,618,000. 88.88% of the stock is currently owned by hedge funds and other institutional investors.
Vroom, Inc operates an e-commerce platform for buying and selling of new and used cars in the United States. It also offers financing solutions. The company was formerly known as Auto America, Inc and changed its name to Vroom, Inc in July 2015. The company was incorporated in 2012 and is headquartered in New York, New York.
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