VRM stock is down 96% from its all-time high, and down around 92% in the past year alone. Source: Tada Images / Shutterstock.com What’s the main reason for this? You can lay most of the blame on the company’s decision to put high growth ahead of near-term profitability. At first, it made sense why it was keeping its foot on the gas, so to speak.
Why did Vroom stock fall 3% late Wednesday?
Nov 12, 2020 · Shares of used-car company Vroom ( VRM-2.19%) fell on Thursday after results for the third quarter of 2020 failed to impress investors. Considering results and guidance both fell inside of analyst...
How much did Vroom (VRM) lose in Q2?
Mar 01, 2022 · So, what’s behind VRM’s big drop today? Investors are likely spooked by Vroom’s bleaker than expected first-quarter revenue outlook. Citing lower margins due to labor shortages and reduced demand,...
Can Vroom drive revenue growth Despite sluggish revenue growth?
Mar 04, 2021 · The negative news for VRM stock starts with adjusted losses per share of 44 cents. That misses Wall Street’s adjusted per-share loss estimate of …
How do I contact investors at VROOM?
Aug 13, 2020 · As of 2:15 p.m. EDT, Vroom's shares were down about 14.7% from Wednesday's closing price. So what Vroom reported its second-quarter results after the U.S. markets closed on Wednesday, and the ...
Why Vroom stock is falling?
Vroom cited a number of factors, including lower sales margins resulting from "high acquisition costs for premium vehicles," as well as increased reconditioning costs due to labor shortages and "elevated demand at third-party reconditioning partners."Mar 9, 2022
What is happening with Vroom?
Vroom Reports Strong Fourth Quarter and Full Year 2021 Growth. Vroom Delivers Record Ecommerce Units Quarterly and FY 2021 Ecommerce Unit Sales Up 93% and 117% YoY, respectively Quarterly and FY 2021 Ecommerce Gross Profit Up 64% and 171% YoY, respectively NEW YORK --(BUSINESS WIRE)--Feb.
Is Vroom stock a good buy?
Is VROOM Stock a good buy in 2022, according to Wall Street analysts? The consensus among 8 Wall Street analysts covering (NASDAQ: VRM) stock is to Buy VRM stock.
Is Vroom stock undervalued?
Is Vroom Inc Stock Undervalued? The current Vroom Inc [VRM] share price is $1.70. The Score for VRM is 21, which is 58% below its historic median score of 50, and infers higher risk than normal. VRM is currently trading in the 20-30% percentile range relative to its historical Stock Score levels.
Will Vroom last?
Selling a Car Through Vroom You'll also need to know the vehicle's trim, exact mileage, condition and history. Once you've answered these questions about your vehicle, Vroom will give you an instant price that's good for seven days or 250 miles, whichever comes first.Dec 6, 2021
Who is Vroom owned by?
Booking Holdings Inc.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, +0.55% . Hennessy was named Vroom's CEO in 2016.Jun 9, 2020
Is Vroom growing?
Average monthly unique visitors to our platform increased 132.9% to 2,338,718. Ecommerce revenue increased 159.2% to $738.7 million . Ecommerce Vehicle revenue increased 160.7% to $715.9 million .Feb 28, 2022
How long has Vroom been in business?
Founded in 2013, the company has raised $440 million in equity funding to date, but it hasn't all been smooth sailing. Earlier this year, Vroom laid off roughly 30 percent of its staff after a futile attempt at building brick-and-mortar car dealerships.Dec 11, 2018
Will VRM stock go up?
During the day the stock fluctuated 15.88% from a day low at $1.70 to a day high of $1.97. The price has fallen in 8 of the last 10 days and is down by -33.4% for this period....Predicted Opening Price for Vroom, Inc. of Thursday, April 21, 2022.Fair opening price April 21, 2022Current price$1.79$1.71 (Undervalued)
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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About the Author
Claudia Assis is a San Francisco-based reporter for MarketWatch. Follow her on Twitter @ClaudiaAssisMW.
About Vroom
Vroom, Inc. operates an e-commerce platform for buying and selling of new and used cars in the United States. It also offers financing solutions. 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.
Vroom (NASDAQ:VRM) Frequently Asked Questions
9 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Vroom in the last twelve months. There are currently 3 hold ratings and 6 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "buy" Vroom stock. View analyst ratings for Vroom or view top-rated stocks.
What is a vroom?
In short, Vroom is an online one-stop shop for automotive needs – for customers who aren’t looking to buy new, and are in the US. Vroom was founded in 2012, and went public last summer. The IPO was priced at $22, and shares closed at $47.90 in the first day’s trading.
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.
What is Aptiv PLC?
Aptiv PLC (APTV) Aptiv has a long history in the automotive industry, where it used the name Delphi and was a staple of Detroit’s supply chain from the mid-90s until 2017. At that time, it spun off its remaining powertrain activities, and changed both its name and focus.
Is VRM a strong market?
VRM is not only benefitting from strong market dynamics, but is also earning higher margins by nearly eliminating bottlenecks associated with its post-sales support processes and is investing to remain ahead of the growth in this and other key areas," Basham wrote.