VRM Stock Recent News

Although the revenue and EPS for Vroom (VRM) give a sense of how its business performed in the quarter ended June 2023, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.

Vroom (VRM) came out with a quarterly loss of $0.48 per share versus the Zacks Consensus Estimate of a loss of $0.51. This compares to loss of $0.73 per share a year ago.

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NEW YORK--(BUSINESS WIRE)--Vroom, Inc. (Nasdaq: VRM), a leading e-commerce platform for buying and selling used vehicles, today announced that it will release its financial results for the second quarter ending June 30, 2023, after the market closes on Tuesday, August 8, 2023. Vroom management will discuss these results and other information regarding the Company during a conference call and audio webcast on Wednesday, August 9, 2023 at 8:30 a.m. ET. To access the conference call, please regist.

Vroom is an online used car dealer with an innovative 'door-to-door' business model. The company's business model is structurally flawed as it incurs thousands of dollars in transportation costs that brick-and-mortar dealers do not have. Despite efforts to control costs, Vroom's SG&A still far exceeds gross profits, and the company is predicted to run out of cash by the end of 2024.

Vroom (VRM) came out with a quarterly loss of $0.54 per share versus the Zacks Consensus Estimate of a loss of $0.58. This compares to loss of $0.71 per share a year ago.

Vroom: Unfortunate Timing For Disruptive Growth.

NEW YORK--(BUSINESS WIRE)--Vroom, Inc. (Nasdaq: VRM), a leading e-commerce platform for buying and selling used vehicles, today announced that it will release its financial results for the first quarter ending March 31, 2023, after the market closes on Tuesday, May 9, 2023. Vroom management will discuss these results and other information regarding the Company during a conference call and audio webcast on Wednesday, May 10, 2023 at 8:30 a.m. ET.

Vroom (VRM) delivered earnings and revenue surprises of 30.88% and 18.45%, respectively, for the quarter ended December 2022. Do the numbers hold clues to what lies ahead for the stock?