Why is Vroom stock down 9% for the day?
· So what. Vroom announced fourth-quarter and full-year 2020 results after the bell on Wednesday, and its net loss of $60.7 million was 42% more than it …
Can Vroom drive revenue growth Despite sluggish revenue growth?
What happened Shares of used-car company Vroom ( VRM 5.97%) fell on Thursday after results for the third quarter of 2020 failed to impress investors. …
Is Vroom (VRM) poised to pull off a third-quarter earnings beat?
Shares of used-car company Vroom ( VRM -3.70%) were down 12.7% in November, according to data provided by S&P Global Market Intelligence. Investors didn't …
Is Vroom misleading investors about its ability to meet demand?
Shares of online used-car sales platform Vroom ( VRM -4.07%) were down sharply on Thursday, after the company provided bleaker-than-expected guidance with its …
Is Vroom stock a good buy?
Vroom has received a consensus rating of Hold. The company's average rating score is 2.22, and is based on 2 buy ratings, 7 hold ratings, and no sell ratings.
Is Vroom losing money?
Vroom said it lost $130 million, or 95 cents a share, in the quarter, compared with a loss of $61 million, or 44 cents a share, in the year-ago quarter. Adjusted for one-time items, Vroom lost 94 cents a share.
Will VRM stock go up?
Vroom Inc (NASDAQ:VRM) The 9 analysts offering 12-month price forecasts for Vroom Inc have a median target of 3.13, with a high estimate of 8.00 and a low estimate of 1.00. The median estimate represents a +112.93% increase from the last price of 1.47.
Is Vroom growing?
Mr. Robert Krakowiak , Vroom's Chief Financial Officer, commented: “we are pleased with our full year progress on ecommerce gross profit per unit, expanding by 25% for the full year despite fourth quarter headwinds.
Will Vroom be profitable?
Competition is coming, and Vroom is one of those competitors. And its stock trades for roughly two times estimated 2022 gross profit. Vroom isn't profitable yet, so a Yruma uses a multiple of gross profit. Carvana, on the other hand, trades for more than 12 times estimated 2022 gross profit.
Is Carvana in financial trouble?
The company currently has just over $3 billion in long-term debt on its books. Selling stock will help Carvana control its interest expenses, said John McClain, portfolio manager at Brandywine Global Investment Management, one of the company's debt investors.
Is Vroom a buy Zacks?
See rankings and related performance below. The VGM Score are a complementary set of indicators to use alongside the Zacks Rank....Momentum Scorecard. More Info.Zacks RankDefinitionAnnualized Return1Strong Buy25.08%2Buy18.56%3Hold10.15%4Sell5.79%2 more rows
How many cars does vroom sell a year?
The eCommerce unit sales of the online used car dealer are up 93% year-on-year in the quarter and an even higher 117% in the full year. In the full financial year 2021, Vroom sold a total of 74,698 eCommerce units, which is a new record, according to CEO Paul Hennessy.
What kind of company is vroom?
used car retailerVroom is a New York City-based used car retailer and e-commerce company that lets consumers buy, sell, and finance cars online.
Can you haggle with Vroom?
Vroom is based on set prices, so there is no negotiation or haggling. Buyers must pay a $599 delivery fee, or $999 if they want an enclosed trailer. You can avoid the delivery fee if you pick up the car in person in Houston. To hold the car as a buyer, you must put down a $500 deposit.
Who is Vroom owned by?
Vroom is led by Paul Hennessy, who previously was Priceline.com chief executive and chief marketing officer of Booking.com, both owned by Booking Holdings Inc. BKNG, +2.38% . Hennessy was named Vroom's CEO in 2016.
What is the difference between Carvana and vroom?
They differ in that VROOM charges a delivery fee, while Carvana offers free delivery and more pickup locations if you are outside of their market coverage area. Additionally, Carvana also has more than three times the inventory of VROOM.
Can you cancel a vroom purchase?
If payment was made prior to cancellation, Vroom will issue a refund of the payment less any necessary deductions or other fees. If you spot any materials or information that you believe to be inaccurate, please email us at [email protected], briefly describing the inaccuracy.
What happened
Shares of used-car company Vroom ( VRM 2.99% ) fell on Thursday after results for the third quarter of 2020 failed to impress investors. Considering results and guidance both fell inside of analyst expectations, it's hard to tell exactly where the rub is. But as of 1 p.m.
So what
Vroom has three reportable segments, but the one investors care about the most is its e-commerce division. Overall revenue was down 5% year over year because sales dried up at its one used-car lot. But Q3 e-commerce revenue was up 25% from the third quarter of 2019.
Now what
Vroom is guiding for fourth-quarter revenue of $372 million to $414 million. While this is within official expectations, perhaps investors secretly wanted more considering the coronavirus tailwinds driving used-car e-commerce.
NASDAQ: VRM
The bigger thing to watch with Vroom is its gross profit per vehicle and overall unit volumes. If the company sells more lower-priced vehicles with higher margins, then it's possible for the business to dramatically improve despite lackluster revenue growth.
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What happened
Shares of used-car company Vroom ( VRM 1.41% ) were down 12.7% in November, according to data provided by S&P Global Market Intelligence. Investors didn't like the company's results for the third quarter of 2020 or its guidance for the fourth quarter. Oddly, positive news regarding a coronavirus vaccine also sent the stock down during November.
So what
Vroom stock took a step back after Pfizer and BioNTech announced promising coronavirus vaccine news. To be clear, Vroom isn't hurt by a vaccine. But consumers have increasingly tried used-car e-commerce in 2020 because of the pandemic. This was an existing trend, but physical-distancing considerations have accelerated the process.
NASDAQ: VRM
For Q4, Vroom's management expects revenue of $372 million to $414 million and ongoing losses. Investors weren't happy with that. As a result, Vroom stock fell to its lowest point since its initial public offering (IPO).
Now what
With the coronavirus, you'd expect an e-commerce company like Vroom to be growing like crazy. But that's why it's important to remember this isn't a pure e-commerce company, at least not yet. About half of its revenue still comes from other sources. Specifically, sales at its physical used-car lot plummeted 64% in Q3, dragging down overall results.
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What happened
Shares of online used-car sales platform Vroom ( VRM 1.50% ) were down sharply on Thursday, after the company provided bleaker-than-expected guidance with its second-quarter earnings report.
So what
Vroom reported its second-quarter results after the U.S. markets closed on Wednesday, and the report wasn't quite what analysts had expected.
Now what
Despite the disappointing revenue guidance, at least two analysts saw enough to remain bullish -- and said so in new notes on Thursday.
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A Closer Look at Vroom Stock
Big purchases in used motor vehicles typically require physically inspecting the good. Customer habits may have temporarily changed to accommodate for curbside pickup, but buying a car is a big decision. If consumers shun online purchases for cars, then Vroom’s losses will grow.
Carvana Struggles
Carvana’s first-quarter loss suggests that Vroom will also struggle in reporting profits. The competitor posted GAAP earnings per share of -$1.19. Revenue grew 45.7% year-on-year to $1.1 billion.
Valuation
Despite my concerns about Vroom’s prospects in posting profits, analysts are bullish on the stock. The average price target is $60.67. Markets are euphoric for a business model that relies primarily on an online presence. Positive earnings are secondary.
When will Vroom release results?
NEW YORK, July 09, 2021 (GLOBE NEWSWIRE) -- Vroom, Inc. (Nasdaq: VRM), a leading e-commerce platform for buying and selling used vehicles, today announced that it will release its financial results for the second quarter ending June 30, 2021, after the market closes on Wednesday, August 11, 2021.
How much is Vroom senior note?
Vroom Inc (NASDAQ: VRM) has priced 0 million 0.75% Convertible Senior Notes due 2028 in a private institutional offering to raise $535.7 million. The offering was upsized from $500 million announced earlier. The initial purchasers of the Notes have a 13-day option to procure up to an additional $75 million Notes. Vroom would use the offering proceeds for general corporate purposes, including advertising and marketing, expansion of its proprietary logistics operations, increased resources in its
