Headquartered in New York, Vroom (NASDAQ: VRM) runs a used vehicle e-commerce platform that seeks to leverage data science to streamline and otherwise improve the buying and selling process. Last year, Vroom acquired CarStory, which specializes in automotive retail analytics and AI, and automotive finance business United Auto Credit Corporation.
Despite these additions, Vroom stock has fallen steadily since the company's June 2020 IPO . Apparently, Vroom's shareholders weren't able to capture the returns that one might have expected during the e-commerce renaissance of 2020 and 2021.
As Vroom stock heads toward penny-stock territory , each data release is high stakes for the company and its shareholders. The company's most recent fiscal results may have surface-level appeal -- and contrarian investors might engage in some mental gymnastics to see the glass as half-full -- but a deeper dive suggests that, on the road to profitability, Vroom may be stuck in neutral.
For further details see:
It's Time to Accept the Doom and Gloom With Vroom