VRM News and Press, Vroom Inc. From 01/18/23

Struggling auto retailer Vroom ( NASDAQ: VRM ) announced a significant headcount reduction in an SEC filing on Wednesday after the bell. The filing stated that the company handed pink slips to 275 employees, amounting to about 20% of the company’s overall workforce, exc...

Summary On January 3, 2023, an hour before the first opening bell of 2023, I published a list of my top 29 January Effect 2023 stocks. As of the close of business, January 11, 2023, this portfolio is up a blistering +21.4% whereas the Russell 2000 is up 4.7%. Although this is a very...

Summary Vroom went public in mid-2020, raising $468 million in an IPO. The firm operates an online marketplace for the sale of used automobiles in the U.S. VRM needs to optimize many aspects of its operations while facing a macroeconomic slowdown, so I'm on Hold for VRM in the short...

Summary During the pandemic, the company's stock price surged reaching an all-time high of more than $360. Since then, the stock has lost nearly 98% of its value. Although Carvana has seen a huge increase in revenue, profitability has not yet followed. Carvana has made significant i...

InvestorPlace - Stock Market News, Stock Advice & Trading Tips Up until last year, investing in growth stocks appeared to be the golden ticket to success. However, given the current volatility and unpredictable nature of the stock market, investors should think twice about investing in gro...

Summary The used car market is in trouble with falling prices and rising interest rates. VRM's recent quarter reported huge improvements in profitability. VRM is downsizing its business and giving up market share. VRM's business model could hurt them as third-party partner...

The following slide deck was published by Vroom, Inc. in conjunction with their 2022 Q3 earnings call. For further details see: Vroom, Inc. 2022 Q3 - Results - Earnings Call Presentation

Vroom, Inc. (VRM) Q3 2022 Earnings Conference Call November 08, 2022, 08:30 ET Company Participants Liam Harrington - VP, IR Thomas Shortt - CEO & Director Robert Krakowiak - CFO & Treasurer Conference Call Participants Rajat Gupta - JPMorgan ...

Vroom ( NASDAQ: VRM ) missed estimates on both lines of its Q3 earnings report as the tough stretch for the company continued. Sales were down 62% year-over-year and an adjusted EBITDA loss of -$57.5M was disclosed after excluding non-recurring costs. The online used aut...

Vroom press release ( NASDAQ: VRM ): Q3 Non-GAAP EPS of -$0.64 misses by $0.02 . Revenue of $340.8M (-62.0% Y/Y) misses by $88.25M . Ecommerce gross profit per unit of $4,206, up 16% Adjusted EBITDA improved from $(85.6) million to $(73.3) million "Base...