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S&P 500   4,026.12
DOW   34,347.03
QQQ   286.92
Considerations When Rolling Over a 401(k) into a Roth IRA
See how to make money instead of spending it on Black Friday with this offer (Ad)
Sober or bright? Europe faces holidays during energy crunch
Biden eases Venezuela sanctions as opposition talks resume
See how to make money instead of spending it on Black Friday with this offer (Ad)
Whole Foods decision to pull lobster divides enviros, pols
Airbnb has a plan to fix cleaning fees
THE BEST BLACK FRIDAY DEAL YET (Ad)
Railway workers in Austria to strike Monday in pay standoff
Saudi viewers angry over apparent ban on World Cup streaming
S&P 500   4,026.12
DOW   34,347.03
QQQ   286.92
Considerations When Rolling Over a 401(k) into a Roth IRA
See how to make money instead of spending it on Black Friday with this offer (Ad)
Sober or bright? Europe faces holidays during energy crunch
Biden eases Venezuela sanctions as opposition talks resume
See how to make money instead of spending it on Black Friday with this offer (Ad)
Whole Foods decision to pull lobster divides enviros, pols
Airbnb has a plan to fix cleaning fees
THE BEST BLACK FRIDAY DEAL YET (Ad)
Railway workers in Austria to strike Monday in pay standoff
Saudi viewers angry over apparent ban on World Cup streaming
S&P 500   4,026.12
DOW   34,347.03
QQQ   286.92
Considerations When Rolling Over a 401(k) into a Roth IRA
See how to make money instead of spending it on Black Friday with this offer (Ad)
Sober or bright? Europe faces holidays during energy crunch
Biden eases Venezuela sanctions as opposition talks resume
See how to make money instead of spending it on Black Friday with this offer (Ad)
Whole Foods decision to pull lobster divides enviros, pols
Airbnb has a plan to fix cleaning fees
THE BEST BLACK FRIDAY DEAL YET (Ad)
Railway workers in Austria to strike Monday in pay standoff
Saudi viewers angry over apparent ban on World Cup streaming
NASDAQ:VRM

Vroom - VRM Stock Forecast, Price & News

$1.24
-0.02 (-1.59%)
(As of 11/25/2022 12:00 AM ET)
Add
Compare
Today's Range
$1.17
$1.25
50-Day Range
$0.88
$1.64
52-Week Range
$0.83
$15.79
Volume
1.99 million shs
Average Volume
5.52 million shs
Market Capitalization
$171.33 million
P/E Ratio
N/A
Dividend Yield
N/A
Price Target
$10.93

Vroom MarketRank™ Forecast

Analyst Rating
Hold
2.14 Rating Score
Upside/​Downside
781.3% Upside
$10.93 Price Target
Short Interest
Bearish
22.59% of Float Sold Short
Dividend Strength
N/A
Sustainability
N/A
News Sentiment
-0.10mentions of Vroom in the last 14 days
Based on 4 Articles This Week
Insider Trading
Selling Shares
$20,654 Sold Last Quarter
Proj. Earnings Growth
Growing
From ($2.93) to ($1.72) Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

1.68 out of 5 stars

Auto/Tires/Trucks Sector

87th out of 104 stocks

Automotive Dealers & Gasoline Service Stations Industry

18th out of 24 stocks

VRM stock logo

About Vroom (NASDAQ:VRM) Stock

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.

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VRM Stock News Headlines

Robert W. Baird Downgrades Vroom (NASDAQ:VRM) to Neutral
Vroom (NASDAQ:VRM) Raised to Neutral at JPMorgan Chase & Co.
Vroom (VRM) Reports Q3 Loss, Lags Revenue Estimates
Vroom files to sell $300M worth of securities
Vroom, Inc. (NASDAQ: VRM)
See More Headlines
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VRM Company Calendar

Last Earnings
11/07/2022
Today
11/27/2022
Fiscal Year End
12/31/2022
Next Earnings (Estimated)
2/27/2023

Industry, Sector and Symbol

Industry
Automotive dealers & gasoline service stations
Sub-Industry
N/A
Current Symbol
NASDAQ:VRM
Fax
N/A
Employees
1,807
Year Founded
N/A

Price Target and Rating

Average Stock Price Forecast
$10.93
High Stock Price Forecast
$30.00
Low Stock Price Forecast
$1.50
Forecasted Upside/Downside
+781.3%
Consensus Rating
Hold
Rating Score (0-4)
2.14
Research Coverage
7 Analysts

Profitability

Net Income
$-370,910,000.00
Pretax Margin
-23.49%

Debt

Sales & Book Value

Annual Sales
$3.18 billion
Book Value
$3.22 per share

Miscellaneous

Free Float
125,185,000
Market Cap
$171.33 million
Optionable
Not Optionable
Beta
1.53

Key Executives

  • Mr. Robert R. Krakowiak (Age 51)
    CFO & Treasurer
    Comp: $311.54k
  • Ms. Patricia Moran J.D.Ms. Patricia Moran J.D. (Age 62)
    Esq., Chief Legal Officer & Sec.
    Comp: $356.92k
  • Ms. Carol Denise StottMs. Carol Denise Stott (Age 54)
    Chief People & Culture Officer
    Comp: $300k
  • Mr. Mark E. Roszkowski (Age 51)
    Consultant
    Comp: $450k
  • Mr. Thomas H. Shortt (Age 53)
    CEO & Director
  • Ms. Agnieszka Zakowicz (Age 50)
    Sr. VP & Principal Accounting Officer
  • Mr. Liam J. Harrington
    VP of Investor Relations
  • Mr. Peter Scherr
    Chief Marketing Officer
  • Mr. Dennis Looney
    Chief Supply Chain Officer
  • Mr. John Caine (Age 47)
    Chief Conversion Officer













VRM Stock - Frequently Asked Questions

Should I buy or sell Vroom stock right now?

7 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Vroom in the last year. There are currently 6 hold ratings and 1 buy rating for the stock. The consensus among Wall Street equities research analysts is that investors should "hold" VRM shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in VRM, but not buy additional shares or sell existing shares.
View VRM analyst ratings
or view top-rated stocks.

What is Vroom's stock price forecast for 2023?

7 analysts have issued 1-year price objectives for Vroom's stock. Their VRM share price forecasts range from $1.50 to $30.00. On average, they predict the company's stock price to reach $10.93 in the next year. This suggests a possible upside of 781.3% from the stock's current price.
View analysts price targets for VRM
or view top-rated stocks among Wall Street analysts.

How have VRM shares performed in 2022?

Vroom's stock was trading at $10.79 at the start of the year. Since then, VRM shares have decreased by 88.5% and is now trading at $1.24.
View the best growth stocks for 2022 here
.

When is Vroom's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Monday, February 27th 2023.
View our VRM earnings forecast
.

How were Vroom's earnings last quarter?

Vroom, Inc. (NASDAQ:VRM) released its quarterly earnings data on Monday, November, 7th. The company reported ($0.64) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.59) by $0.05. The business earned $340.80 million during the quarter, compared to analyst estimates of $408.27 million. Vroom had a negative net margin of 22.68% and a negative trailing twelve-month return on equity of 67.54%.

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?

(VRM) raised $357 million in an initial public offering (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 served as the underwriters for the IPO and Stifel, William Blair, Baird, JMP Securities and Wedbush Securities were co-managers.

What is Vroom's stock symbol?

Vroom trades on the NASDAQ under the ticker symbol "VRM."

Who are Vroom's major shareholders?

Vroom's stock is owned by many different institutional and retail investors. Top institutional shareholders include Nut Tree Capital Management LP (14.47%), Vanguard Group Inc. (4.53%), Barclays PLC (0.87%), Group One Trading L.P. (0.00%), Gabelli Funds LLC (0.57%) and Gabelli Funds LLC (0.57%). Insiders that own company stock include Adam Valkin, Agnieszka Zakowicz, Carol Denise Stott, David K Jones, David K Jones, Laura W Lang, Lone Star LP Cgp2, Mark E Roszkowski, Patricia Moran, Paul J Hennessy, Robert J Mylod Jr, Robert R Krakowiak, Scott Arnold Dahnke and Timothy M O'reilly.
View institutional ownership trends
.

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 WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.

What is Vroom's stock price today?

One share of VRM stock can currently be purchased for approximately $1.24.

How much money does Vroom make?

Vroom (NASDAQ:VRM) has a market capitalization of $171.33 million and generates $3.18 billion in revenue each year. The company earns $-370,910,000.00 in net income (profit) each year or ($4.41) on an earnings per share basis.

How many employees does Vroom have?

The company employs 1,807 workers across the globe.

How can I contact Vroom?

Vroom's mailing address is 1375 BROADWAY 11TH FLOOR, NEW YORK NY, 10018. The official website for the company is www.vroom.com. The company can be reached via phone at 631-760-1215 or via email at investors@vroom.com.

This page (NASDAQ:VRM) was last updated on 11/27/2022 by MarketBeat.com Staff