VRM News and Press, Vroom Inc. From 05/09/23

2023-05-09 16:34:21 ET Vroom press release ( NASDAQ: VRM ): Q1 GAAP EPS of -$0.54 beats by $0.01 . Revenue of $196.46M (-78.7% Y/Y) misses by $43.42M . Ecommerce gross profit per unit of $2,552 as compared to $1,233 For further details see: Vroom GAAP...

Continued Progress on Long-Term Roadmap Driving GPPU Improvement and Cost Reductions Vroom, Inc. (Nasdaq:VRM), a leading ecommerce platform for buying and selling used vehicles, today announced financial results for the first quarter ended March 31, 2023. HIGHLIGHTS OF FIRST QUA...

2023-05-08 12:44:45 ET Vroom ( NASDAQ: VRM ) is scheduled to announce Q1 earnings results on Tuesday, May 9th, after market close. The consensus EPS Estimate is -$0.57 (+19.7% Y/Y) and the consensus Revenue Estimate is $239.88M (-74.0% Y/Y). Over the last 2 years, VRM ...

2023-04-24 14:22:36 ET Summary Current economic downturn and shifting investor preference make it a bad time for disruptive tech companies with a hyper-growth strategy like Vroom. Vroom has faced significant selling pressure since last year. At ~$1 per share today, the stock trade...

2023-04-19 10:23:41 ET Falling auto prices impacted Lithia Motors ( NYSE: LAD ) in Q1, with the results rippling across the overall sector to drag on its peers. For the first quarter, the Oregon-based auto retailer missed on top and bottom line expectations as gross prof...

2023-04-12 09:05:10 ET Used car and truck prices declined yet again in March, slipping for the ninth consecutive month. According to the latest data from the Bureau of Labor Statistics, used car and truck prices fell 0.9% from February to March 2023, amounting to an 11.2% declin...

2023-04-11 10:22:48 ET CarMax ( NYSE: KMX ) stock surged to a double-digit gain after posting stronger than expected profits for Q4. The positivity from its print appeared to lift many boats in its sector. CarMax reported a 12.6% decline in retail used unit sales alongside a 19....

Conference Call and Audio Webcast Scheduled for May 10, 2023 Vroom, Inc. (Nasdaq: VRM), a leading e-commerce platform for buying and selling used vehicles, today announced that it will release its financial results for the first quarter ending March 31, 2023, after the market closes on ...

2023-03-18 10:27:01 ET The broad automobile sector continues to face a tough road ahead as the inflation headwinds cut deeply into what was forecast to be a year of industry recovery and a boom for electric vehicle startups. The major focus in the months ahead will be how supply and dem...

2023-03-07 10:11:13 ET Wholesale used-vehicle prices increased 4.3% on a month-to-month basis. The increase was the largest for the full month of February since 2009, although part of was due to a seasonal adjustment. Looking at the bigger picture, the Manheim Used Vehicle Value Index w...