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home / news releases / VRM - Vroom: The Turnaround Is Coming

VRM - Vroom: The Turnaround Is Coming

Vroom Inc.
  • Shares of Vroom have lifted modestly since reporting Q3 results, which could mark the beginning of a rebound rally for this beaten-down stock.
  • The stock is down nearly 50% year-to-date, despite the fact that the company is still growing.
  • The company grew revenue at more than 2.5x y/y in Q3, while also improving gross margins per vehicle sold.
  • Vroom is cheap at <1x forward revenue, and the valuation gap versus primary competitor Carvana has widened.

For further details see:

Vroom: The Turnaround Is Coming
Stock Information
Company Name: Vroom Inc.
Stock Symbol: VRM
Market: NASDAQ
Website: vroom.com
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