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VRM - Vroom: Strong Revenues But Still Feeling Growing Pains
Vroom Inc.
Vroom posted a strong Q2 in terms of revenues and gross profit metrics, but only just meeting consensus EPS estimates after blowing out revenue estimates is not good enough.
While a strong auto market has pushed growth higher, a return to normal in the used car market by the end of the year could have some impacts.
Growing pains are still quite evident, with Q3 guidance pointing to a 60% q/q increase in net loss to $100-105 million from $65 million even as revenues grow 15% q/q.