VRM Stock Recent News
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Used car retailer and e-commerce concern Vroom Inc (NASDAQ:VRM) is struggling, after J.P.
Shares of Vroom Inc. VRM, +19.10% dove 3.8% and Shift Technologies Inc. SFT, -0.81% shed 2.4% in premarket trading Monday, after J.P. Morgan Rajat Gupta turned bearish on the online auto buying platforms, citing an expected continued challenging backdrop for the used car industry.
Vroom, Inc. (NASDAQ:VRM ) Q2 2022 Earnings Conference Call August 9, 2022 8:30 AM ET Company Participants Liam Harrington - Vice President of Investor Relations Tom Shortt - Chief Executive Officer Bob Krakowiak - Chief Financial Officer Conference Call Participants Sam Reid - Wells Fargo Scott David - Stifel Colin Sebastian - Baird Seth Basham - Wedbush Sharon Zackfia - William Blair & Company John Colantuoni - Jefferies Operator Good day, and welcome to Vroom's Second Quarter 2022 Earnings Call. At this time all participants are in listen only mode.
PYMNTS' Connected Economy™ 100 Index (CE100 Index™) marched upward by 5.5% this past week, continuing a streak that now has extended to three straight weeks. CE100 Stock Performance Source: PYMNTS The top performing sector was the Shop pillar, which surged by 13.3% through the past five sessions.
Breaking down analyst estimates shows that Tesla's strong earnings beat was helped by better-than-expected leasing, regulatory credits and a strong services business while the shutdown in China and production constraints impacted a very strong auto business.
If you are looking for stocks that have gained strong momentum recently but are still trading at reasonable prices, Vroom (VRM) could be a great choice. It is one of the several stocks that passed through our 'Fast-Paced Momentum at a Bargain' screen.
Vroom (VRM) has been upgraded to a Zacks Rank #1 (Strong Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term.
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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, 2022, after the market closes on Monday, August 8, 2022. Vroom management will discuss these results and other information regarding the Company during a conference call and audio webcast on Tuesday, August 9, 2022 at 8:30 a.m. ET. To access the conference call, please register
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