Vroom, Inc. Stock Price, News & Analysis

Vroom (NASDAQ:VRM) reported Q2 2025 financial results, showing continued progress in operational initiatives and improved portfolio performance at UACC. The company posted a net loss from continuing operations of $8.9 million, significantly improved from a $19.1 million loss in Q2 2024. Key financial metrics include consolidated total available liquidity of $55.9 million and stockholders' equity of $151.9 million.

The results reflect Vroom's post-bankruptcy performance, following its emergence from Chapter 11 proceedings on January 14, 2025. The company's financial statements incorporate fresh-start accounting, making year-over-year comparisons complex. Notable improvements include reduced interest expenses, lower operating costs, and enhanced portfolio performance at UACC, though interest income declined by 12.7% year-over-year.

Vroom (NYSE:VRM), a leading automotive finance and AI-powered analytics company, announced that its warrants will begin trading on the OTCQX® Best Market under the symbol "VRMMW" starting July 7, 2025.

These warrants were initially issued on January 14, 2025 as part of the company's recapitalization, with shareholders receiving one warrant for each share of new common stock. The warrants allow holders to purchase a total of 364,516 shares at an exercise price of $60.95 per share. They are immediately exercisable and will expire five years from issuance.

["Warrants provide existing shareholders with additional investment opportunities", "Listing on OTCQX® Best Market provides liquidity for warrant holders"]

Vroom (VRM) reported Q1 2025 financial results, highlighting its completed recapitalization and improved financial position. Key metrics include: - Total available liquidity of $66.9 million as of March 31, 2025 - Net loss from continuing operations of $6.5 million for Jan 15-Mar 31, 2025, and net income of $45.1 million for Jan 1-15, 2025 - Stockholders' equity of $158.6 million and tangible book value of $144.8 million - Extended $400 million in warehouse agreements - Completed UACC's 17th securitization transaction of $324 million The company emerged from Chapter 11 on January 14, 2025, implementing fresh-start accounting. UACC showed improved loan portfolio performance, with reduced losses and strengthened liquidity through a new $25 million line of credit backed by residual interests.

Vroom (VRM) has released its Q4 and full year 2024 financial results, highlighting significant organizational changes and financial metrics. The company reported consolidated total cash and excess liquidity of $57.5 million as of December 31, 2024, including $29.3 million in cash and cash equivalents.

Key financial results show net losses from continuing operations of $36.7 million for Q4 and $138.2 million for the full year. Adjusted EBITDA losses were $18.2 million and $83.4 million for Q4 and full year respectively.

Notable developments include the completion of a recapitalization of unsecured convertible senior notes on January 14, 2025, resulting in no long-term debt at Vroom Inc. level. The company expects post-emergence tangible book value of approximately $150 million. Additionally, Vroom secured a $25 million line of credit in March 2025 and announced UACC's 17th securitization transaction of $324 million in fixed-rate asset-backed notes.

Vroom (VRM) has received approval to relist its common stock on the Nasdaq Global Market, with trading expected to commence on February 20, 2025. The company is also exploring potential listing of its warrants on a national stock exchange.

According to preliminary unaudited Q4 2024 results, Vroom reported estimated consolidated total cash and excess liquidity of $58 million, comprising:

• $29 million in cash and cash equivalents
• $28 million in excess available liquidity on UACC's warehouse lines

These figures include the impact of approximately $7 million in cash disbursements during Q4 2024 related to the company's recapitalization of its previously issued unsecured convertible senior notes.

Vroom has provided an update regarding the trading status of its common stock and warrants following its emergence from Chapter 11 bankruptcy on January 14, 2025. The company has confirmed that all post-emergence shares and warrants, adjusted according to the previously announced conversion ratio, were delivered by January 15th and should now be visible in shareholders' brokerage accounts.

The company is actively working to resume trading on a national securities exchange under the VRM ticker, though no specific timeline for relisting has been provided. Management emphasizes they are working expeditiously to complete the relisting process.

Vroom (VRM) has successfully completed its recapitalization process on January 14, 2025, emerging from its prepackaged Chapter 11 bankruptcy case. The company has eliminated all long-term debt at the parent level, while its subsidiary UACC remains obligated to asset-backed securitizations and trust-preferred securities debt.

Key transaction details include: unsecured convertible senior notes were fully converted to equity; implementation of a 1-for-5 reverse stock split, resulting in approximately 5.1 million total shares outstanding; and issuance of warrants with an exercise price of $60.95 ($12.19 pre-adjustment). Trade creditors and allowed general unsecured creditors will be paid in full.

Vroom (VRM) reported Q3 2024 financial results, highlighting $51.1 million in cash and cash equivalents. The company recorded a net loss from continuing operations of $(37.7) million and Adjusted EBITDA of $(25.5) million. Notably, Vroom entered an agreement to restructure $290 million of unsecured convertible notes into equity through a prepackaged Chapter 11 case. The company aims to emerge without long-term debt at Vroom Inc., while its subsidiary UACC will maintain obligations related to asset-backed securitizations and trust preferred securities. Following the wind-down of its ecommerce used automotive dealer business, Vroom is focusing on maximizing remaining asset value and implementing cost reduction initiatives.

Vroom (Nasdaq: VRM) has entered into a Restructuring Support Agreement (RSA) with major debt holders and its largest stockholder to convert $290 million of unsecured convertible senior notes due in 2026 into equity. Vroom plans to file a prepackaged Chapter 11 reorganization plan in the U.S. Bankruptcy Court for the Southern District of Texas. The reorganization will not impact its subsidiaries, which will continue normal operations. Existing Vroom shareholders will exchange each share for one new share and a warrant to purchase another share at $12.19, owning about 7.06% of the new common stock. Holders of the unsecured notes will receive new stock equal to 75% of the face value of the notes, owning about 92.94% of the new stock. Trade creditors will be paid in full. Vroom aims to emerge from Chapter 11 by late 2024 or early 2025 and relist its new stock on a major exchange.