VRM News and Press, Vroom Inc. From 02/02/23

Summary January 2023 was an amazing month to be long equities. The Russell 2000 index was up 9.8%. Before the first opening bell of 2023, I created an equal weighted and bespoke list of twenty nine stocks for my January Effect 2023 model portfolio. The January Effect 2023 portfolio ...

This could be a hectic week in the stock market, whether you’re trading penny stocks or higher-priced stocks. If you read the article on what to watch this week , you already know what’s coming. Economic data, earnings, and one of the biggest events, the January FOMC meeting, wi...

InvestorPlace - Stock Market News, Stock Advice & Trading Tips The prices of used cars have skyrocketed in the past few years. Coming out of the pandemic, supply-chain constraints made it difficult for people to get their hands on new ehicles, pushing many people to the used car market. Co...

Listen on the go! Subscribe to Wall Street Breakfast on Apple Podcasts and Spotify U.S. government set to hit the debt ceiling today : What's next? Genesis Global likely to file for bankruptcy this week - report. Vroom (VRM) slas...

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...