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S&P 500   5,254.35
DOW   39,807.37
QQQ   444.01
Stock market today: Asian shares are mostly higher after another set of Wall St records
3 Value Stocks Too Small For Buffett’s Portfolio
Delta Airline’s Put Option Activity Isn’t Bad News
Disney Stock Catches 3 Upgrades In a Single Week
Walgreens Boots Alliance: Deep Value With Nowhere to Go But Up
Krispy Kreme's Sweet Deal: McDonald's Partnership Sparks Growth?
Foot Locker Builds Up Another Head of Steam; Gains Imminent
S&P 500   5,254.35
DOW   39,807.37
QQQ   444.01
Stock market today: Asian shares are mostly higher after another set of Wall St records
3 Value Stocks Too Small For Buffett’s Portfolio
Delta Airline’s Put Option Activity Isn’t Bad News
Disney Stock Catches 3 Upgrades In a Single Week
Walgreens Boots Alliance: Deep Value With Nowhere to Go But Up
Krispy Kreme's Sweet Deal: McDonald's Partnership Sparks Growth?
Foot Locker Builds Up Another Head of Steam; Gains Imminent
S&P 500   5,254.35
DOW   39,807.37
QQQ   444.01
Stock market today: Asian shares are mostly higher after another set of Wall St records
3 Value Stocks Too Small For Buffett’s Portfolio
Delta Airline’s Put Option Activity Isn’t Bad News
Disney Stock Catches 3 Upgrades In a Single Week
Walgreens Boots Alliance: Deep Value With Nowhere to Go But Up
Krispy Kreme's Sweet Deal: McDonald's Partnership Sparks Growth?
Foot Locker Builds Up Another Head of Steam; Gains Imminent
NASDAQ:VRM

Vroom (VRM) Stock Price, News & Analysis

$13.43
+0.26 (+1.97%)
(As of 03/28/2024 ET)
Today's Range
$13.13
$13.90
50-Day Range
$8.37
$42.22
52-Week Range
$8.11
$225.60
Volume
49,992 shs
Average Volume
393,024 shs
Market Capitalization
$24.04 million
P/E Ratio
N/A
Dividend Yield
N/A
Price Target
N/A

Vroom MarketRank™ Stock Analysis

Analyst Rating
N/A
Upside/​Downside
N/A
Short Interest
Bearish
22.99% of Float Sold Short
Dividend Strength
N/A
Sustainability
N/A
News Sentiment
0.43mentions of Vroom in the last 14 days
Based on 3 Articles This Week
Insider Trading
Selling Shares
$27,610 Sold Last Quarter
Proj. Earnings Growth
N/A

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

0.18 out of 5 stars

Auto/Tires/Trucks Sector

80th out of 81 stocks

Automotive Dealers & Gasoline Service Stations Industry

19th out of 19 stocks

VRM stock logo

About Vroom Stock (NASDAQ:VRM)

Vroom, Inc. is a digital technology and eCommerce portal serving the used and after-market car industry. The company operates as a used automotive retailer in the United States and sets itself apart with the idea car buying should be easy, fun, and affordable. The company was formerly known as Auto America, Inc. and changed its name to Vroom, Inc. in July 2015. The company was incorporated in 2012 and is headquartered in New York, New York.  The company is led by Tom Shortt and Robert R. Krakowiak who are CEO and CFO respectively and Co-President together.

Vroom, Inc. operates an end-to-end eCommerce platform for buying, selling, transporting, reconditioning, pricing, financing, registering, and delivering vehicles. The company is capitalizing on both the fractured nature of the used car market and the early adoption of eCommerce by the used car market. In regard to the opportunity, the used car market is the single largest consumer market in the US with over $840 billion in annual sales in 2021, and eCommerce penetration is very low at only 0.9% compared to over 15% for all retail combined. Vroom boasted 3% of the market share in used cars in the Q1 period of 2022.

The company uses data science and AI to predict pricing trends as well as other metrics within the industry. Buyers can search, compare, choose, purchase, finance, and have delivered the car of their liking while sellers are connected with an immense liquidity pool. Vroom powers its service by buying cars directly from the seller, giving top dollar, and then passing on the value to consumers after a vigorous inspection and reconditioning process.

Its mission is to “help people find their drive”. The three pillars of the experience are High-Quality Cars that have undergone numerous inspections; Buying Made Easy with no haggling and no hassles, the price you see is the price you pay; and delivery, vehicles are delivered directly to the consumer proving a seamless and 100% online experience with no dealerships involved.

Vroom, Inc can also finance vehicles. The company has partnerships with Chase, Santander, and Ally in order to provide the highest-quality financing options available. Once purchased, consumers have 7 days to decide if they want to keep it and there is a limited warranty as well.

On the back end of the business, the company is focused as much on unit economics, operating costs, and liquidity as it is on the customer experience. The drivers of success in this area are a well-oiled consumer platform and delivery system, scalability, and available financing which go hand in hand with the customer experience.

VRM Stock Price History

VRM Stock News Headlines

Vroom, Inc. (NASDAQ:VRM) Short Interest Update
VRM Mar 2024 1.000 call
Central Banks Preparing for US Dollar Collapse?
China is spearheading this blatant de-dollarization push, dominating the physical gold market through massive central bank buying. Their ultimate goal? Ditching the greenback in favor of local BRICS currencies.
VRM Mar 2024 1.000 put(CONTRACT
Vroom: Q4 Earnings Snapshot
What Wall Street expects from Vroom's earnings
Central Banks Preparing for US Dollar Collapse?
China is spearheading this blatant de-dollarization push, dominating the physical gold market through massive central bank buying. Their ultimate goal? Ditching the greenback in favor of local BRICS currencies.
Why Is Vroom (VRM) Stock Up 25% Today?
VRM Apr 2024 0.500 put
VRM Mar 2024 0.500 call
VRM Jul 2024 0.500 put
Why Vroom (VRM) Stock Is Volatile Again
See More Headlines
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Company Calendar

Last Earnings
11/09/2021
Today
3/29/2024
Next Earnings (Estimated)
5/14/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Industry
Automotive dealers & gasoline service stations
Sub-Industry
N/A
Current Symbol
NASDAQ:VRM
Fax
N/A
Employees
1,682
Year Founded
N/A

Profitability

Net Income
$-365,540,000.00
Pretax Margin
-40.86%

Debt

Sales & Book Value

Annual Sales
$893.20 million
Book Value
$68.19 per share

Miscellaneous

Free Float
1,770,000
Market Cap
$24.04 million
Optionable
Not Optionable
Beta
1.90
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VRM Stock Analysis - Frequently Asked Questions

How have VRM shares performed in 2024?

Vroom's stock was trading at $48.20 at the beginning of the year. Since then, VRM shares have decreased by 72.1% and is now trading at $13.43.
View the best growth stocks for 2024 here
.

Are investors shorting Vroom?

Vroom saw a increase in short interest in March. As of March 15th, there was short interest totaling 354,000 shares, an increase of 54.9% from the February 29th total of 228,500 shares. Based on an average trading volume of 169,900 shares, the days-to-cover ratio is currently 2.1 days. Approximately 23.0% of the company's shares are short sold.
View Vroom's Short Interest
.

When is Vroom's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Tuesday, May 14th 2024.
View our VRM earnings forecast
.

How were Vroom's earnings last quarter?

Vroom, Inc. (NASDAQ:VRM) issued its quarterly earnings data on Tuesday, November, 9th. The company reported ($56.00) earnings per share for the quarter, beating the consensus estimate of ($59.20) by $3.20. The firm earned $896.76 million during the quarter, compared to analyst estimates of $893.62 million. Vroom had a negative trailing twelve-month return on equity of 130.45% and a negative net margin of 40.92%. During the same period in the previous year, the firm posted ($24.80) EPS.

When did Vroom's stock split?

Vroom's stock reverse split on Wednesday, February 14th 2024. The 1-80 reverse split was announced on Wednesday, February 14th 2024. The number of shares owned by shareholders was adjusted after the closing bell on Wednesday, February 14th 2024. An investor that had 100 shares of stock prior to the reverse split would have 1 shares after the split.

What other stocks do shareholders of Vroom own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Vroom investors own include NVIDIA (NVDA), Tesla (TSLA), Moderna (MRNA), Alibaba Group (BABA), Nikola (NKLA), PayPal (PYPL), DocuSign (DOCU), Johnson & Johnson (JNJ), Advanced Micro Devices (AMD) and Teladoc Health (TDOC).

When did Vroom IPO?

Vroom (VRM) raised $357 million in an initial public offering (IPO) on Tuesday, June 9th 2020. The company issued 18,800,000 shares at a price of $18.00-$20.00 per share. Goldman Sachs, BofA Securities, Allen & Company and Wells Fargo Securities acted as the underwriters for the IPO and Stifel, William Blair, Baird, JMP Securities and Wedbush Securities were co-managers.

Who are Vroom's major shareholders?

Vroom's stock is owned by a variety of retail and institutional investors. Top institutional investors include Charles Schwab Investment Management Inc. (4.78%), Gabelli Funds LLC (0.38%), Gamco Investors INC. ET AL (0.21%), Citadel Advisors LLC (0.00%), GSA Capital Partners LLP (9.02%) and Price T Rowe Associates Inc. MD (0.06%). Insiders that own company stock include Agnieszka Zakowicz, Carol Denise Stott, David K Jones, Laura W Lang, Lone Star LP Cgp2, Mark E Roszkowski, Patricia Moran, Paul J Hennessy, Robert J Mylod Jr, Robert R Krakowiak, Scott Arnold Dahnke, Thomas H Shortt and Timothy M O'reilly.
View institutional ownership trends
.

How do I buy shares of Vroom?

Shares of VRM stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

This page (NASDAQ:VRM) was last updated on 3/29/2024 by MarketBeat.com Staff

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