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Verra Mobility Corp - VRRM STOCK NEWS

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

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 Verra Mobility'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 Verra Mobility's position in the market.

News
Verra Mobility Joins Connected Vehicle Systems Alliance (COVESA)
Rhea-AI Summary
Verra Mobility joins COVESA to develop open standards and technology for connected vehicles, aiming to enhance the vehicle experience for drivers and transform the mobility ecosystem.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.13%
Tags
none
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News
Verra Mobility to Participate in the Morgan Stanley Technology, Media & Telecom Conference
Rhea-AI Summary
Verra Mobility Corporation (NASDAQ: VRRM) executives to participate in fireside chat at Morgan Stanley Conference on March 5, 2024.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
5.83%
Tags
conferences
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News
Verra Mobility Announces Fourth Quarter and Full Year 2023 Financial Results
Rhea-AI Summary
Verra Mobility Corporation (VRRM) announced its financial results for the fourth quarter and full year ended December 31, 2023, with highlights including revenue of $817.3 million, net income of $57.0 million, and cash flows from operations of $206.1 million. The company reported strong performance in the fourth quarter, with total revenue of $211.0 million, a 13% increase from the previous year. Adjusted EBITDA was $91.3 million, showing a positive trend. Verra Mobility operates in three segments: Commercial Services, Government Solutions, and Parking Solutions. The company also disclosed details about an interest rate swap agreement, warrants exercise, share repurchases, and a new share repurchase program. Legal proceedings with PlusPass were resolved with an accrued amount of $31.5 million. The company provided guidance for the full year 2024, subject to change based on various factors.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
5.83%
Tags
earnings
News
Verra Mobility partners with Florida community to deliver school zone safety solutions
Rhea-AI Summary
Verra Mobility Corporation partners with the Town of Davie, Florida, to enhance school zone safety through the implementation of school speed safety cameras. The collaboration aims to protect schoolchildren by changing driver behavior and enforcing speed limits in more than 35 new school zones. The program aligns with Florida's House Bill 657, allowing for enforcement cameras to monitor speed in school zones.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.05%
Tags
partnership
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News
Verra Mobility Schedules Fourth Quarter 2023 Earnings Call
Rhea-AI Summary
Verra Mobility Corporation (NASDAQ: VRRM) will report Q4 2023 financial results on Feb 29, 2024, with a conference call hosted by CEO David Roberts and CFO Craig Conti. Investors and analysts can access the call via phone or webcast.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.76%
Tags
earnings
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News
Verra Mobility Announces Appointment of Raj Ratnakar to Its Board of Directors
Rhea-AI Summary
Verra Mobility Corporation appoints Raj Ratnakar as new independent director, bringing extensive experience in corporate strategy and M&A. Mr. Ratnakar's background includes leadership roles at DuPont, Fortive, Danaher, and TE Connectivity, as well as consulting experience at McKinsey & Company.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.22%
Tags
management
News
Verra Mobility Releases Inaugural Corporate Responsibility Report
Rhea-AI Summary
Verra Mobility Corporation (NASDAQ: VRRM) has published its inaugural Corporate Responsibility Report, outlining the company's environmental, social, and governance initiatives. The report details the company's efforts in developing technology-enabled solutions to reduce traffic crashes, congestion, idling, and vehicle emissions, as well as fostering a purpose-driven company culture and committing to responsible business practices. CEO David Roberts emphasizes the company's commitment to making the world a safer and better place, aiming to be good corporate citizens and support the communities in which they operate.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.17%
Tags
none
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News
Thanksgiving weekend traffic data shows red-light running is most prevalent on Wednesdays
Rhea-AI Summary
Verra Mobility Corporation (VRRM) released data showing an increase in red-light and speeding violations during the Thanksgiving holiday weekend. The data revealed that the Wednesday before Thanksgiving had the most red-light violations, while Thanksgiving Day had the most speeding violations. The National Safety Council reported that the 2022 Thanksgiving weekend was estimated to be the deadliest since 2007, with over 570 traffic fatalities occurring during the five-day period. The data also indicated that speeding was a factor in one-third of all traffic fatalities, emphasizing the need for increased alertness during the holiday weekend.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.46%
Tags
none
-
News
Verra Mobility to Participate at the UBS Global Technology Conference
Rhea-AI Summary
Verra Mobility Corporation (NASDAQ: VRRM) to Participate in Fireside Chat at UBS Global Technology Conference
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.25%
Tags
conferences
News
54% of Americans Think the Average Driver is Worse than Before the Pandemic, According to Verra Mobility Survey
Rhea-AI Summary
Verra Mobility Corporation (NASDAQ: VRRM) releases a report on the long-term impact of the Covid-19 pandemic on driver behavior and perceptions. The survey of 2,000 U.S. drivers aged 25+ reveals that 40% feel less safe on the roads than they did before the pandemic in 2020. Additionally, 54% of Americans believe the average driver is worse now compared to before the pandemic.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.02%
Tags
none
Stock VRRM logo
Verra Mobility Corp

Nasdaq:VRRM

VRRM Rankings

#1339 Ranked by Market Cap
#1102 Ranked by Stock Gains
N/A Ranked by Dividends

VRRM Stock Data

4.06B
164.70M
0.89%
103.56%
2.15%
Data Processing, Hosting, and Related Services
Information
Link
United States
Mesa

About VRRM

at verra mobility, our purpose is to build solutions that help the world move safely and easily. we do this by building safe cities, smart roadways and the connected systems that tie them together. the passion of our people fuels our ability to move the world. working here, you will have opportunities to take real ownership over your work to make a meaningful impact, moving both the world and your career forward. are you ready to go places? as you’re learning more about us, we expect you’ll find we rebranded as verra mobility in 2018. three great companies, each grown through the hard work and dedication of the industry’s best people, joined forces to increase our ability to provide vital solutions to the global smart mobility marketplace. it’s an exciting time for all of us here as we come together to both move the world forward and create a great place to work. joining us now means you can have a direct, hands-on experience in shaping the future of verra mobility.