VroomVRM
VRM
Delisted
VRM was delisted on the 2nd of December, 2024.
About: Vroom Inc is an end-to-end e-commerce platform for the used vehicles industry. The Company's scalable, data-driven technology brings all phases of the car buying and selling process to consumers offering an extensive selection of used vehicles, transparent pricing, competitive financing, and at-home pick-up and delivery. Its three reportable segments are: The E-commerce segment represents retail sales of used vehicles through its e-commerce platform and fees earned on sales of value-added products associated with those vehicle sales, The Wholesale segment represents sales of used vehicles through wholesale channels, and The Retail Financing segment represents UACC's operations with its network of third-party dealership customers.
Employees: 1,682
Financial journalist opinion
Negative
PYMNTS
1 month ago
Vroom Files for Bankruptcy, Says Subsidiaries Not Expected to Follow
Automotive finance company and digital services platform Vroom filed for Chapter 11 bankruptcy Wednesday (Nov. 13), saying in a filing with the Securities and Exchange Commission (SEC) that it plans to operate its business as a “debtor-in-possession” under the jurisdiction of the bankruptcy court.
Neutral
Business Wire
1 month ago
Vroom Announces Third Quarter 2024 Results
NEW YORK--(BUSINESS WIRE)--Vroom, Inc. (Nasdaq:VRM) today announced financial results for the third quarter ended September 30, 2024. HIGHLIGHTS OF THIRD QUARTER 2024 $51.1 million cash and cash equivalents as of September 30, 2024 $32.9 million of liquidity available to UACC under the warehouse credit facilities $(37.7) million net loss from continuing operations $(25.5) million Adjusted EBITDA1 Entered into an agreement to restructure $290 million of unsecured convertible notes, into equity t.
Neutral
Business Wire
1 month ago
Vroom Announces Equity-for-Debt Recapitalization
NEW YORK--(BUSINESS WIRE)--Vroom, Inc. (Nasdaq: VRM), a leading automotive finance company and an AI-powered analytics and digital services platform for automotive retail, today announced that it has made the strategic decision to enter into a Restructuring Support Agreement (RSA) with holders of an overwhelming majority of its outstanding funded debt and its largest stockholder. The parties to the RSA have agreed to pursue a comprehensive transaction that will restructure Vroom, Inc.'s outstan.
Positive
PYMNTS
2 months ago
Vroom Shifts Focus to Core Assets and Future Growth
In a move to redefine its future, used car digital marketplace Vroom on Tuesday (Sept. 23) said it completed the wind-down of its eCommerce and used vehicle dealership operations and released a long-term strategic plan leveraging its assets like United Auto Credit Corporation (UACC), a leading automotive finance company; and CarStory, a leader in AI-powered analytics and digital services for automotive retail.
Neutral
Business Wire
2 months ago
Vroom Released Long-term Strategic Plan
NEW YORK--(BUSINESS WIRE)--Vroom, Inc. (Nasdaq: VRM) today released an investor presentation (the “Investor Presentation”) which includes the Company's long-term strategic plan and key initiatives. A copy of the Investor Presentation is available at ir.vroom.com. On January 22, 2024, the Company announced a Value Maximization Plan, pursuant to which the Company discontinued its ecommerce operations and wound down its used vehicle dealership. Since the announcement in January, the Company has be.
Negative
Reuters
3 months ago
ASIA China gloom vs Wall St vroom
A look at the day ahead in Asian markets.
Neutral
Business Wire
3 months ago
Patron Points Partners with Vroom Delivery to Offer Single Sign-On Age Verification
WOODBURY, Minn.--(BUSINESS WIRE)--Patron Points (www.patronpoints.com), a leader in convenience store loyalty and mobile app development has partnered with Vroom Delivery (www.vroomdelivery.tech), a digital commerce platform for convenience stores, to offer single sign-on age verification across their platforms. With this partnership, a customer is able to age verify one time in their convenience stores mobile app and seamlessly order their favorite items including age restricted items like tob.
Positive
PYMNTS
4 months ago
CE 100 Index Surges 4.7% as Vroom Steers Toward Double-Digit Growth
Earnings were everywhere this past week, propelling the CE 100 Index 4.7% higher, and any losses seen among our names were negligible. In fact, most of those declining stocks slipped less than 1%, except Tencent, which was down double digits.
Neutral
Business Wire
4 months ago
Vroom Announces Second Quarter 2024 Results
NEW YORK--(BUSINESS WIRE)--Vroom, Inc. (Nasdaq:VRM) today announced financial results for the second quarter ended June 30, 2024. HIGHLIGHTS OF SECOND QUARTER 2024 $63.4 million cash and cash equivalents as of June 30, 2024 $34.0 million of liquidity available to UACC under the warehouse credit facilities $(19.1) million net loss from continuing operations $(7.5) million Adjusted EBITDA Successfully Completed UACC Securitization Transaction in April 2024 Tom Shortt, the Company's Chief Executiv.
Positive
Market Watch
4 months ago
Vroom: Main engine of U.S. economy — consumers — showing no sign of sputtering
Don't bet against the American consumer, an old saying goes. That wisdom was borne out this spring and summer, when wagering against them would have been a mistake.
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