Q2 2022 EPS Estimates for Vroom, Inc. (NASDAQ:VRM) Lowered by William Blair

Vroom, Inc. (NASDAQ:VRM – Get Rating) – Equities researchers at William Blair dropped their Q2 2022 earnings per share estimates for Vroom in a report released on Tuesday, May 10th. William Blair analyst S. Zackfia now forecasts that the company will post earnings per share of ($0.94) for the quarter, down from their prior estimate of ($0.91). William Blair has a “Market Perform” rating on the stock. William Blair also issued estimates for Vroom’s Q3 2022 earnings at ($0.94) EPS, Q4 2022 earnings at ($0.46) EPS, FY2022 earnings at ($3.05) EPS and FY2023 earnings at ($2.91) EPS.

Vroom (NASDAQ:VRM – Get Rating) last posted its quarterly earnings data on Monday, May 9th. The company reported ($0.71) earnings per share for the quarter, beating analysts’ consensus estimates of ($1.01) by $0.30. The business had revenue of $923.50 million during the quarter, compared to analyst estimates of $878.18 million. Vroom had a negative net margin of 11.65% and a negative return on equity of 34.12%. The company’s revenue was up 56.2% on a year-over-year basis. During the same quarter in the previous year, the business posted ($0.57) earnings per share.

A number of other equities analysts have also weighed in on the stock. Truist Financial lowered shares of Vroom from a “buy” rating to a “hold” rating in a research report on Tuesday, March 1st. Wells Fargo & Company downgraded shares of Vroom from an “overweight” rating to an “equal weight” rating and lowered their target price for the company from $16.00 to $6.00 in a report on Tuesday, March 1st. Stifel Nicolaus downgraded shares of Vroom from a “buy” rating to a “hold” rating in a report on Tuesday, March 1st. Robert W. Baird lowered their target price on shares of Vroom from $14.00 to $8.00 in a report on Wednesday, March 2nd. Finally, Bank of America lowered their target price on shares of Vroom from $65.00 to $30.00 in a report on Thursday, February 3rd. Eight investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat.com, Vroom presently has a consensus rating of “Hold” and an average target price of $23.50.

NASDAQ:VRM opened at $1.42 on Friday. The firm has a 50 day simple moving average of $2.26 and a 200-day simple moving average of $8.33. The company has a debt-to-equity ratio of 0.67, a current ratio of 2.54 and a quick ratio of 1.66. The firm has a market cap of $196.05 million, a PE ratio of -0.52 and a beta of 1.94. Vroom has a 1-year low of $1.08 and a 1-year high of $46.30.

Several hedge funds have recently made changes to their positions in the company. State Board of Administration of Florida Retirement System boosted its stake in shares of Vroom by 0.7% in the third quarter. State Board of Administration of Florida Retirement System now owns 123,979 shares of the company’s stock valued at $2,736,000 after purchasing an additional 910 shares during the period. Swiss National Bank boosted its stake in shares of Vroom by 0.9% in the third quarter. Swiss National Bank now owns 150,700 shares of the company’s stock valued at $3,326,000 after purchasing an additional 1,300 shares during the period. Dark Forest Capital Management LP purchased a new position in shares of Vroom in the third quarter valued at $35,000. Metropolitan Life Insurance Co NY boosted its stake in shares of Vroom by 88.4% in the fourth quarter. Metropolitan Life Insurance Co NY now owns 3,635 shares of the company’s stock valued at $39,000 after purchasing an additional 1,706 shares during the period. Finally, Teacher Retirement System of Texas boosted its stake in shares of Vroom by 17.0% in the fourth quarter. Teacher Retirement System of Texas now owns 12,776 shares of the company’s stock valued at $138,000 after purchasing an additional 1,852 shares during the period. Institutional investors and hedge funds own 83.92% of the company’s stock.

In other Vroom news, Director Robert J. Mylod, Jr. acquired 40,000 shares of the firm’s stock in a transaction on Monday, March 7th. The stock was bought at an average cost of $2.89 per share, for a total transaction of $115,600.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Robert J. Mylod, Jr. sold 14,667 shares of the business’s stock in a transaction that occurred on Friday, March 25th. The stock was sold at an average price of $2.85, for a total transaction of $41,800.95. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 42,907 shares of company stock valued at $124,619. 17.40% of the stock is owned by insiders.

About Vroom (Get Rating)

Vroom, Inc operates as an e-commerce used automotive retailer in the United States. It operates end-to-end ecommerce platform for buying, selling, transporting, reconditioning, pricing, financing, registering, and delivering vehicles. The company was formerly known as Auto America, Inc and changed its name to Vroom, Inc in July 2015.

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