LOTZ - Vroom's stark post-earnings decline drags on peers

Vroom Inc. ( NASDAQ: VRM ) crashed over 30% on Tuesday after notching yet another quarterly loss alongside declining revenue.

The 35.57% slide for shares of the Houston-based eCommerce company added to steady declines over the past year that have amounted to a nearly 96% drop. The 52-week trading range for the name is a quite-wide $1.03 to $39.48.

However, the impact of the inauspicious earnings result and drop back toward those lows appeared to spread beyond that single stock.

Indeed, online auto retailers Shift Technologies ( SFT ) -22.22% and CarLotz Inc. ( LOTZ ) -10.03% declined sharply as well amid the concerns on the auto-focused eCommerce space. Both companies are anticipated to report their own results after the bell on Tuesday.

Read more on the earnings expectations for CarLotz ( LOTZ ) and Shift Technologies ( SFT ), respectively.

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