Vroom Reports First Quarter 2021 Results
Vroom, Inc. (Nasdaq:VRM) reported strong financial results for Q1 2021, showcasing significant growth in its ecommerce operations.
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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, 2021.
HIGHLIGHTS OF FIRST QUARTER 2021
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15,504 ecommerce units sold, up
96% YoY
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Ecommerce revenue of
$422.3 million , up81% YoY
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Ecommerce gross profit of
$31.8 million , up123% YoY
- Completed the acquisition of CarStory business
Paul Hennessy, Chief Executive Officer of Vroom, commented:
“Vroom delivered record results in the first quarter of 2021, with total gross profit nearly doubling versus the same period in the prior year as we delivered exceptional growth and improving unit economics. Our strong results were led by robust Ecommerce unit growth of
FIRST QUARTER 2021 FINANCIAL DISCUSSION
All financial comparisons are on a year-over-year basis unless otherwise noted.
Ecommerce Results
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Three Months Ended
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2021 |
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2020 |
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