Vroom

Vroom, Inc. engages in providing an ecommerce platform for the buying and selling of used vehicles. The company operates through the following segments: Ecommerce, Texas Direct Auto (TDA) and Wholesale. The Ecommerce segment represents retail sales of used vehicles through its ecommerce platform and fees earned on sales of value-added products associated with those vehicles sales. The TDA segment handles retail sales of used vehicles from TDA and fees earned on sales of value-added products associated with those vehicles sales. The Wholesale segment is involved in sales of used vehicles through wholesale auctions. The company was founded by Kevin P. Westfall, Elie C. Wurtman, Allon Bloch, Mike Welch, Richard Williams and Marshall Chesrown in 2012 and is headquartered in Houston, TX.

Earnings data Q4 2020

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Vroom focuses on cost reduction and efficiency amidst profitability challenges

Vroom's Q4 2022 performance reflects a mixed financial picture with a focus on cost reduction and operational efficiency.
While facing profitability challenges, the company's strategic strengths lie in liquidity maximization and cost optimization efforts.
Opportunities for growth and transformation exist through continued cost reduction and improving unit economics.
Navigating challenges such as GPPU pressure and profitability concerns will be key for Vroom's future financial success.

Vroom reports improved Q1 performance, eyes growth opportunities ahead

Vroom's Q1 performance reflects progress in financial metrics and operational efficiency.
Strategic initiatives to optimize cost structures and enhance liquidity position Vroom for growth.
Challenges in managing gross profit per unit and market uncertainties require strategic focus.
Opportunities lie in resuming growth, improving cost structures, and maximizing stakeholder value.

Vroom reports Q2 revenue of $225M with focus on cost reduction and growth strategies

Vroom's Q2 2023 earnings call highlights a mixed financial performance with a focus on cost reduction and strategic growth initiatives. The company aims to balance growth with financial discipline while optimizing operations for long-term success.

Vroom reports Q3 loss, focuses on efficiency and growth opportunities

Vroom's Q3 performance reflects growth in e-commerce units, improved GPPU, and operational efficiency.
Despite challenges in operating at a loss, strategic initiatives and cost reductions demonstrate progress.
Opportunities lie in scaling the business, enhancing unit economics, and leveraging data assets for future growth.

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Vroom, Inc. engages in providing an ecommerce platform for the buying and selling of used vehicles. The company operates through the following segments: Ecommerce, Texas Direct Auto (TDA) and Wholesale. The Ecommerce segment represents retail sales of used vehicles through its ecommerce platform and fees earned on sales of value-added products associated with those vehicles sales. The TDA segment handles retail sales of used vehicles from TDA and fees earned on sales of value-added products associated with those vehicles sales. The Wholesale segment is involved in sales of used vehicles through wholesale auctions. The company was founded in 2012 and is headquartered in Houston, TX.

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Vroom, Inc. (NASDAQ:VRM ) Q1 2023 Results Conference Call May 10, 2023 8:30 AM ET Company Participants Jon Sandison - VP, IR Tom Shortt - CEO Bob Krakowiak - CFO Conference Call Participants Rajat Gupta - JPMorgan Chase Sharon Zackfia - William Blair Operator Thank you for standing by and welcome to Vroom's First Quarter 2023 Earnings Conference Call. At this time, all participants are in a listen only mode.

Vroom, Inc. (VRM) Q1 2023 Earnings Call Transcript

Vroom (VRM) came out with a quarterly loss of $0.54 per share versus the Zacks Consensus Estimate of a loss of $0.58. This compares to loss of $0.71 per share a year ago.

Vroom (VRM) Reports Q1 Loss, Lags Revenue Estimates

NEW YORK--(BUSINESS WIRE)--Vroom, Inc. (Nasdaq:VRM), a leading ecommerce platform for buying and selling used vehicles, today announced financial results for the first quarter ended March 31, 2023. HIGHLIGHTS OF FIRST QUARTER 2023 VERSUS FOURTH QUARTER 2022 Ecommerce gross profit per unit of $2,552 as compared to $1,233 Net loss of ($75.0) million as compared to net income of $24.8 million, due to gain on debt extinguishment of $126.8 million in the fourth quarter of 2022 Adjusted EBITDA of $(6.

Vroom Announces First Quarter 2023 Results

Vroom: Unfortunate Timing For Disruptive Growth.

Vroom: Unfortunate Timing For Disruptive Growth

NEW YORK--(BUSINESS WIRE)--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 first quarter ending March 31, 2023, after the market closes on Tuesday, May 9, 2023. Vroom management will discuss these results and other information regarding the Company during a conference call and audio webcast on Wednesday, May 10, 2023 at 8:30 a.m. ET.

Vroom to Release First Quarter 2023 Earnings on May 9, 2023

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Vroom, Inc. (NASDAQ:VRM ) Q4 2022 Earnings Conference Call March 1, 2023 8:30 AM ET Company Participants Liam Harrington - Vice President of Investor Relations Tom Shortt - Chief Executive Officer Bob Krakowiak - Chief Financial Officer Conference Call Participants Rajat Gupta - JPMorgan Sharon Zackfia - William Blair Operator Good day, and thank you for standing by. Welcome to the Vroom Fourth Quarter and Full-Year 2022 Earnings Call.

Vroom, Inc. (VRM) Q4 2022 Earnings Call Transcript

Vroom (VRM) delivered earnings and revenue surprises of 30.88% and 18.45%, respectively, for the quarter ended December 2022. Do the numbers hold clues to what lies ahead for the stock?

Vroom (VRM) Reports Q4 Loss, Misses Revenue Estimates

NEW YORK--(BUSINESS WIRE)--Vroom, Inc. (Nasdaq:VRM), a leading ecommerce platform for buying and selling used vehicles, today announced financial results for the fourth quarter and fiscal year ended December 31, 2022. HIGHLIGHTS OF FOURTH QUARTER 2022 VERSUS THIRD QUARTER 2022 Ecommerce gross profit per unit of $1,233 as compared to $4,206 SG&A expenses of $90.8 million as compared to $134.6 million Net income of $24.8 million as compared to net loss of $(51.

Vroom Announces Fourth Quarter and Full Year 2022 Results

Vroom (VRM) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

Vroom (VRM) Expected to Beat Earnings Estimates: Should You Buy?

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NEW YORK--( BUSINESS WIRE )--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 fourth quarter and fiscal year ending December 31, 2022, after the market closes on Tuesday, February 28, 2023. Vroom management will discuss these results and other information regarding the Company during a conference call and audio webcast on Wednesday, March 1, 2023 at 8:30 a.m. ET.

Vroom to Release Fourth Quarter and Fiscal Year 2022 Earnings on February 28, 2023

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Vroom went public in mid-2020, raising $468 million in an IPO. The firm operates an online marketplace for the sale of used automobiles in the U.S.

Vroom Focuses On Unit Economics Over Growth

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New Management is taking the right steps to right size the business and reduce the Company's operating cash flow deficit. Recent bond repurchases have been meaningful and suggest management is optimistic that the company's operational turnaround will continue to gain momentum.

Vroom: Incrementally More Positive

News for Vroom Stock (VRM)