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Vroom Inc. - VRM STOCK NEWS

Welcome to our dedicated news page for Vroom (Ticker: VRM), a resource for investors and traders seeking the latest updates and insights on Vroom.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Vroom's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Vroom's position in the market.

News
Vroom to Release First Quarter 2024 Earnings on May 9, 2024
Rhea-AI Summary
Vroom, Inc. (VRM) will release its first quarter 2024 earnings on May 9, 2024. The financial results for the quarter ending March 31, 2024, will be disclosed after the market closes on that day.
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Vroom Announces Fourth Quarter and Full Year 2023 Results
Rhea-AI Summary
Vroom, Inc. (VRM) reported financial results for Q4 and FY 2023, with $135.6 million cash, 4,780 Ecommerce units sold, and $4,742 Ecommerce GPPU. The company incurred net losses of $(141.3) million for Q4 and $(365.5) million for FY 2023. Vroom is winding down its ecommerce operations as part of a Value Maximization Plan to focus on United Auto Credit and CarStory.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-14.18%
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earnings
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Vroom to Release Fourth Quarter and Fiscal Year 2023 Earnings on March 13, 2024
Rhea-AI Summary
Vroom, Inc. (Nasdaq: VRM) plans to disclose its financial results for Q4 and fiscal year 2023 on March 13, 2024, after markets close.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
18.88%
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earnings
News
Vroom Announces Wind-Down of Ecommerce Used Vehicle Operations
Rhea-AI Summary
Vroom, Inc. (VRM) has announced the discontinuation of its ecommerce operations and used vehicle dealership business to preserve liquidity and maximize stakeholder value. The company will focus on its automotive finance company, United Auto Credit Corporation, and AI-powered analytics and digital services for automotive retail, CarStory. The decision comes after the company's inability to raise additional capital to fund operations and extend its vehicle floorplan facility. Vroom will sell its current used vehicle inventory through wholesale channels and execute a reduction-in-force commensurate with its reduced operations.
Rhea-AI Impact
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End-of-Day
-42.42%
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Vroom Files Preliminary Proxy Statement for Reverse Stock Split
Rhea-AI Summary
Vroom, Inc. (Nasdaq: VRM) has announced the filing of a preliminary proxy statement with the SEC for a special stockholders' meeting to authorize a reverse stock split due to non-compliance with Nasdaq's minimum bid price requirement. The company has until June 18, 2024, to regain compliance, and the final split ratio will be determined after stockholder approval.
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Vroom CEO Named Executive to Watch in 2024 by Auto Finance News
Rhea-AI Summary
Vroom, Inc. (Nasdaq: VRM) CEO Tom Shortt recognized as one of Auto Finance News' Executives to Watch in 2024 for his leadership and vision. The company has achieved significant results, including an 80% increase in customer satisfaction, successful integration of UACC, and a ~$1,200 improvement in ecommerce product GPPU.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.87%
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Vroom Announces “At The Market” (ATM) Equity Offering Program
Rhea-AI Summary
Vroom, Inc. (Nasdaq: VRM) has filed a prospectus supplement with the SEC to offer and sell up to $50.0 million worth of common stock under an 'at the market' offering program. The company will determine the timing and number of shares sold, and sales will be made through various methods. The prospectus supplement updates information in the accompanying prospectus filed in September 2022. Prospective investors should refer to both documents for complete information.
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Vroom Reports Inducement Grants Under Nasdaq Listing Rule 5635(c)(4)
Rhea-AI Summary
Vroom, Inc. (VRM) approves grant of inducement restricted stock unit awards to 11 employees under the 2022 Inducement Award Plan.
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Vroom Announces Third Quarter 2023 Results
Rhea-AI Summary
Vroom, Inc. (Nasdaq:VRM) Announces 11% Sequential Growth in Ecommerce Units, $3,144 Ecommerce GPPU, and Continued Reduction in Fixed Costs. Q3 2023 saw a net loss of $(82.9) million and $(64.5) million Adjusted EBITDA. Ecommerce unit growth rate doubled sequentially to 11%, while GPPU increased to $3,144 in Q3 2023 from $2,954 in Q2 2023.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-25.93%
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earnings
News
Vroom Partners with West Virginia DMV To Reduce Wait Time for Vehicle Titles
Rhea-AI Summary
Vroom, Inc. (Nasdaq:VRM) partners with the state of West Virginia to launch the National Digital Title Clearinghouse (NDTC), allowing for a fully digitized titling process, reducing turnaround times from 45 days to less than one day. Vroom is the only retailer with access to this program, furthering its commitment to revolutionizing the car buying experience.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
2.86%
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Vroom Inc.

Nasdaq:VRM

VRM Rankings

#5118 Ranked by Market Cap
#3402 Ranked by Stock Gains
N/A Ranked by Dividends

VRM Stock Data

21.25M
1.66M
1.16%
39.69%
19%
New Car Dealers
Retail Trade
Link
United States
Houston

About VRM

vroom’s mission is simple: we want to make buying a car as easy as ordering a pizza. by offering no-haggle pricing, an easy purchase process, and nationwide delivery, we’re well on our way. quality, communication, and exceeding our customers’ wildest expectations mean the world to us. vroom is an exciting, accelerating workplace, and there’s no better time to join the team than right now. view our currently available positions at vroom.com/careers facebook: facebook.com/vroom instagram: @vroom twitter: @vroomcars