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NASDAQ:VRM

Vroom (VRM) Stock Price, News & Analysis

$11.00
-0.65 (-5.58%)
(As of 05/21/2024 ET)
Today's Range
$11.00
$11.50
50-Day Range
$10.30
$17.49
52-Week Range
$8.11
$225.60
Volume
24,517 shs
Average Volume
65,757 shs
Market Capitalization
$19.91 million
P/E Ratio
N/A
Dividend Yield
N/A
Price Target
N/A
VRM stock logo

About Vroom Stock (NASDAQ:VRM)

Vroom, Inc. is a digital technology and eCommerce portal serving the used and after-market car industry. The company operates as a used automotive retailer in the United States and sets itself apart with the idea car buying should be easy, fun, and affordable. 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.  The company is led by Tom Shortt and Robert R. Krakowiak who are CEO and CFO respectively and Co-President together.

Vroom, Inc. operates an end-to-end eCommerce platform for buying, selling, transporting, reconditioning, pricing, financing, registering, and delivering vehicles. The company is capitalizing on both the fractured nature of the used car market and the early adoption of eCommerce by the used car market. In regard to the opportunity, the used car market is the single largest consumer market in the US with over $840 billion in annual sales in 2021, and eCommerce penetration is very low at only 0.9% compared to over 15% for all retail combined. Vroom boasted 3% of the market share in used cars in the Q1 period of 2022.

The company uses data science and AI to predict pricing trends as well as other metrics within the industry. Buyers can search, compare, choose, purchase, finance, and have delivered the car of their liking while sellers are connected with an immense liquidity pool. Vroom powers its service by buying cars directly from the seller, giving top dollar, and then passing on the value to consumers after a vigorous inspection and reconditioning process.

Its mission is to “help people find their drive”. The three pillars of the experience are High-Quality Cars that have undergone numerous inspections; Buying Made Easy with no haggling and no hassles, the price you see is the price you pay; and delivery, vehicles are delivered directly to the consumer proving a seamless and 100% online experience with no dealerships involved.

Vroom, Inc can also finance vehicles. The company has partnerships with Chase, Santander, and Ally in order to provide the highest-quality financing options available. Once purchased, consumers have 7 days to decide if they want to keep it and there is a limited warranty as well.

On the back end of the business, the company is focused as much on unit economics, operating costs, and liquidity as it is on the customer experience. The drivers of success in this area are a well-oiled consumer platform and delivery system, scalability, and available financing which go hand in hand with the customer experience.

VRM Stock Price History

VRM Stock News Headlines

CarMax: Is There a Silver Lining to the Earnings Car Wreck? (VRM)
CarMax Inc. (NYSE: CMX) is a nationwide used car dealership focused on providing a haggle-free, streamlined and convenient vehicle buying and selling
Vroom Announces First Quarter 2024 Results
VRM Mar 2024 1.000 call
VRM Mar 2024 1.000 put(CONTRACT
Vroom: Q4 Earnings Snapshot
What Wall Street expects from Vroom's earnings
Why Is Vroom (VRM) Stock Up 25% Today?
VRM Apr 2024 0.500 put
VRM Mar 2024 0.500 call
VRM Jul 2024 0.500 put
See More Headlines
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Company Calendar

Last Earnings
3/13/2024
Today
5/22/2024
Next Earnings (Estimated)
8/13/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Industry
Automotive dealers & gasoline service stations
Sub-Industry
N/A
Current Symbol
NASDAQ:VRM
Fax
N/A
Employees
1,682
Year Founded
N/A

Profitability

Net Income
$-365,540,000.00
Pretax Margin
-52.65%

Debt

Sales & Book Value

Annual Sales
$893.20 million
Book Value
$33.98 per share

Miscellaneous

Free Float
1,784,000
Market Cap
$19.91 million
Optionable
Not Optionable
Beta
1.92
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VRM Stock Analysis - Frequently Asked Questions

How have VRM shares performed in 2024?

Vroom's stock was trading at $48.20 at the start of the year. Since then, VRM stock has decreased by 77.2% and is now trading at $11.00.
View the best growth stocks for 2024 here
.

When is Vroom's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Tuesday, August 13th 2024.
View our VRM earnings forecast
.

How were Vroom's earnings last quarter?

Vroom, Inc. (NASDAQ:VRM) issued its earnings results on Wednesday, March, 13th. The company reported ($80.51) earnings per share (EPS) for the quarter. The company earned $235.92 million during the quarter. Vroom had a negative net margin of 47.89% and a negative trailing twelve-month return on equity of 171.85%.

When did Vroom's stock split?

Shares of Vroom reverse split on the morning of Wednesday, February 14th 2024. The 1-80 reverse split was announced on Wednesday, February 14th 2024. The number of shares owned by shareholders was adjusted after the market closes on Wednesday, February 14th 2024. An investor that had 100 shares of stock prior to the reverse split would have 1 shares after the split.

What other stocks do shareholders of Vroom own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Vroom investors own include NVIDIA (NVDA), Tesla (TSLA), Moderna (MRNA), Alibaba Group (BABA), Nikola (NKLA), PayPal (PYPL), DocuSign (DOCU), Johnson & Johnson (JNJ), Advanced Micro Devices (AMD) and Teladoc Health (TDOC).

When did Vroom IPO?

Vroom (VRM) raised $357 million in an IPO on Tuesday, June 9th 2020. The company issued 18,800,000 shares at $18.00-$20.00 per share. Goldman Sachs, BofA Securities, Allen & Company and Wells Fargo Securities acted as the underwriters for the IPO and Stifel, William Blair, Baird, JMP Securities and Wedbush Securities were co-managers.

How do I buy shares of Vroom?

Shares of VRM stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

This page (NASDAQ:VRM) was last updated on 5/22/2024 by MarketBeat.com Staff

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