Streetbeat News

VRM

Vroom, Inc.

https://www.vroom.com

Industry

Auto - Dealerships

Vroom, Inc. operates as an e-commerce used automotive retailer in the United States. It operates end-to-end ecommerce platform for buying, selling, transporting, reconditioning, pricing, financing, registering, and delivering vehicles. The company was formerly known as Auto America, Inc. and changed its name to Vroom, Inc. in July 2015. The company was incorporated in 2012 and is headquartered in New York, New York.

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In Thursday's intraday session, notable movements were observed in the consumer discretionary sector. Kaival Brands Innovations, Faraday Future, Cazoo Gr, Canoo, Guess, and Vroom saw significant gains, with increases ranging from 21.69% to 107.5%. On the downside, Lixiang Education Hldg, Lanvin Group Hldgs, Baozun, Five Below, Designer Brands, and Cato experienced declines between 9.45% and 87.1%. Earnings reports influenced several of these movements.

Portfolio Pulse from Benzinga Insights

March 21, 2024 | 5:31 pm

In Tuesday's after-market session, several consumer discretionary stocks showed notable movements. Interactive Strength, Wah Fu Education Group, MGO Global, Volcon, Kaival Brands Innovations, and Vroom were among the gainers, with increases ranging from 4.04% to 7.3%. On the downside, Worksport, Chijet Motor Co, Mondee Hldgs, JOANN, ZHONGCHAO, and ATRenew experienced declines between 3.81% and 8.1%. The movements reflect varying market capitalizations and recent earnings reports for some companies.

Portfolio Pulse from Benzinga Insights

March 19, 2024 | 9:34 pm

Robinhood Markets, Inc. (NASDAQ:HOOD) shares rose by approximately 12% in pre-market trading after announcing an increase in total funded customers to 23.6 million in February. Other stocks also showed significant movement in pre-market trading, with notable gainers including ShiftPixy, Inc. (NASDAQ:PIXY) and losers such as Spruce Biosciences, Inc. (NASDAQ:SPRB).

Portfolio Pulse from Avi Kapoor

March 14, 2024 | 12:05 pm

Vroom's shares are trading lower following the announcement of their Q4 financial results.

Portfolio Pulse from Benzinga Newsdesk

March 14, 2024 | 11:09 am

Ahead of Thursday's trading, notable movements and expectations include Dollar General's anticipated earnings report, UiPath's strong financial results and revenue guidance, Adobe's awaited earnings release, Vroom's reported loss but sales beat, and Dick's Sporting Goods' expected earnings. These developments have led to various after-hours trading adjustments for these companies.

Portfolio Pulse from Avi Kapoor

March 14, 2024 | 9:10 am

In Wednesday's after-market session, several consumer discretionary stocks showed notable movements. Aterian, Tile Shop Holdings, Phoenix Motor, Brilliant Earth Group, Allbirds, and Dixie Gr were among the gainers, with increases ranging from 5.03% to 8.3%. On the losing side, Fisker led the decline with a 47.1% drop, followed by Vroom, WW International, Jiuzi Holdings, Yoshiharu Global, and ZHONGCHAO, with decreases ranging from 5.79% to 14.22%. Earnings releases were a common factor influencing these movements.

Portfolio Pulse from Benzinga Insights

March 13, 2024 | 9:32 pm

Vroom, Inc. (NASDAQ:VRM) reported Q4 losses of $80.51 per share with sales of $235.92 million, surpassing analyst estimates. The company is finalizing its e-commerce wind down by Q1 2024 end, focusing on maximizing stakeholder value through United Auto Credit and CarStory. Post-announcement, VRM shares surged over 53.8% but fell 11.2% after-hours.

Portfolio Pulse from Erica Kollmann

March 13, 2024 | 8:40 pm

Vroom's stock price declined following the announcement of its Q4 financial results.

Portfolio Pulse from Benzinga Newsdesk

March 13, 2024 | 8:14 pm

Vroom projects its year-end 2024 cash and cash equivalents to be between $35M and $65M, noting this forecast is subject to significant uncertainty.

Portfolio Pulse from Benzinga Newsdesk

March 13, 2024 | 8:08 pm

Vroom reported its Q4 earnings with an EPS of $(80.51), surpassing the sales estimates with a total of $235.92M against the expected $232.00M.

Portfolio Pulse from Happy Mohamed

March 13, 2024 | 8:07 pm

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