Q3 2022 Earnings Estimate for Vroom, Inc. (NASDAQ:VRM) Issued By William Blair

Vroom, Inc. (NASDAQ:VRMGet Rating) – Research analysts at William Blair raised their Q3 2022 EPS estimates for shares of Vroom in a research report issued on Thursday, July 21st. William Blair analyst S. Zackfia now expects that the company will post earnings per share of ($0.61) for the quarter, up from their prior forecast of ($0.62). William Blair has a “Market Perform” rating on the stock. The consensus estimate for Vroom’s current full-year earnings is ($3.10) per share. William Blair also issued estimates for Vroom’s FY2022 earnings at ($2.97) EPS and FY2023 earnings at ($2.95) EPS.

Vroom (NASDAQ:VRMGet 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 ($1.03) by $0.32. Vroom had a negative net margin of 17.18% and a negative return on equity of 41.73%. The firm had revenue of $923.50 million for the quarter, compared to analyst estimates of $878.18 million. During the same period last year, the firm posted ($0.57) EPS. Vroom’s quarterly revenue was up 56.2% on a year-over-year basis.

A number of other equities research analysts also recently commented on VRM. Stifel Nicolaus reduced their target price on Vroom from $2.00 to $1.50 in a report on Tuesday, June 28th. Wedbush reissued an “outperform” rating on shares of Vroom in a report on Tuesday, May 10th. Six equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $16.28.

Vroom Price Performance

Vroom stock opened at $1.64 on Monday. Vroom has a one year low of $1.03 and a one year high of $39.60. The company has a debt-to-equity ratio of 1.13, a quick ratio of 1.10 and a current ratio of 1.83. The business has a fifty day moving average of $1.39 and a two-hundred day moving average of $3.31. The company has a market cap of $226.43 million, a P/E ratio of -0.37 and a beta of 1.62.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the company. Sawtooth Solutions LLC acquired a new position in Vroom in the 2nd quarter valued at about $45,000. Private Advisor Group LLC purchased a new stake in Vroom in the 2nd quarter valued at about $46,000. Minot Wealth Management LLC grew its holdings in Vroom by 31.8% in the 2nd quarter. Minot Wealth Management LLC now owns 41,462 shares of the company’s stock valued at $52,000 after buying an additional 10,000 shares during the period. Flaharty Asset Management LLC purchased a new stake in Vroom in the 2nd quarter valued at about $39,000. Finally, Bank of America Corp DE grew its holdings in Vroom by 8.3% in the 1st quarter. Bank of America Corp DE now owns 978,985 shares of the company’s stock valued at $2,604,000 after buying an additional 75,038 shares during the period. Institutional investors and hedge funds own 83.92% of the company’s stock.

Vroom Company Profile

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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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Earnings History and Estimates for Vroom (NASDAQ:VRM)

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