VRM News and Press, Vroom Inc. From 12/20/21

Amendment Increases Line of Credit to $700 million Vroom, Inc. (Nasdaq:VRM), a leading ecommerce platform for buying and selling used vehicles (the “Company”), today announced an amendment to its inventory financing agreement with Ally Financial Inc. (NYSE: ALL...

Many of the vehicles delivered in Florida pass through the Orlando hub for inspections, reconditioning and delivery prep Vroom , Inc. (Nasdaq:VRM), a leading ecommerce platform for buying and selling used vehicles, today announced its first Extended Mile hub in Orlando, ...

Vroom (NASDAQ:VRM) announces the appointment of Thomas Shortt as Chief Operating Officer (COO), effective January 3, 2022. Since 2018, Mr. Shortt has served as Senior Vice President at Walmart, where he developed a comprehensive ecommerce supply chain strategy and led improvements through adv...

Tom Shortt appointed in newly-created role at Vroom Vroom, Inc. (Nasdaq:VRM), a leading ecommerce platform for buying and selling used vehicles (the “Company”), today announced the appointment of Thomas Shortt as Chief Operating Officer, effective January 3, 20...

Vroom went public in June 2020, raising $468 million in an IPO. Vroom operates online marketplaces to enable consumers and dealers to acquire used vehicles online. VRM has grown revenue, but operating losses are high and increasing. At around $10.90 per share, my outlook on VR...

Because the resurgence of COVID-19 cases is again benefitting automobile sales as people purchase cars to avoid public transport, the car dealership industry is well-positioned to witness sales growth. And we think AutoNation (AN) and Vroom (VRM) should benefit from this. But which of these t...

I share key insights and top picks and pans from seven great investors of our time. There is diversity of opinion, but some agreement on crucial investment themes. These include a long-term decline in the dollar, persistent inflation, poor long-term Treasury returns, speculative e...

JPMorgan drops its rating on Vroom (NASDAQ:VRM) to Neutral after having the auto retailer set at Overweight. VRM is cut by analyst Rajat Gupta and team due to macro factors as well as company specific variables. "We believe VRM remains a misunderstood story, though we acknowledge that the cat...

Image source: The Motley Fool. Vroom, Inc. (NASDAQ: VRM) Q3 2021 Earnings Call Nov 10, 2021 , 8:30 a.m. ET Operator Continue reading For further details see: Vroom, Inc. (VRM) Q3 2021 Earnings Call Transcript

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 ...