VRM News and Press, Vroom Inc. From 12/17/20

Six months after its IPO, Vroom (NASDAQ: VRM) has mostly been a disappointment to investors. Shares of the online used car dealer surged on IPO day , but the stock has faded since then, down about 20% from its closing price on opening day. The stock sold off following its fi...

Vroom (VRM) strikes a deal to acquire CarStory through a deal for parent Vast Holdings at $120M (60% cash, 40% shares).CarStory is described as a leader in AI-powered analytics and digital services for automotive retail, which leverages its machine learning to bring a complete and accura...

NEW YORK, Dec. 15, 2020 (GLOBE NEWSWIRE) -- Vroom ( www.vroom.com ), an innovative ecommerce platform that offers a better way to buy and sell used vehicles, today announced that it has entered into a definitive agreement to acquire CarStory, a leader in AI-powered analytics and dig...

In a deep dive into the auto retail sector, JPMorgan says it expects digital retailers to benefit from a continued uptick in on-line penetration of used vehicles. The firm names Carvana (CVNA) and Lithia Motors (LAD) as core picks and calls Vroom (VRM) compelling. CarMax (KMX) is downgraded t...

VROOM ([[VRM]] +7.2%) announces 1.19M share block trade with a price range of $32.80-33.13.Goldman Sachs will be the sole book running manager for the offering. For further details see: Vroom announces 1.19M block trade

Gainers: AquaBounty Technologies (AQB) +30%. Kandi Technologies (KNDI) +17%. Blink Charging (BLNK) +12%. Jumia Technologies (JMIA) +12%. Vroom (VRM) +7%.Losers: LightInTheBox LITB -17%. Natuzzi (NTZ) -15%. China Automotive Systems (CAAS) -13%. Lordstown Motors (RIDE) ...

The unicorn IPO parade is set to begin in the week ahead, with DoorDash and Airbnb leading the way. A total of six IPOs and two SPACs are scheduled to raise $7.2 billion. Lock-up periods will be expiring for nine companies. For further details see: U.S. IPO Week Ahead: D...

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Shares of used-car company Vroom (NASDAQ: VRM) were down 12.7% in November, according to data provided by S&P Global Market Intelligence . Investors didn't like the company's results for the third quarter of 2020 or its guidance for the fourth quarter. Oddly, positive news r...