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Vroom Inc   (VRM)
Other Ticker:  
 
    Sector  Retail    Industry Automotive Aftermarket
   Industry Automotive Aftermarket
   Sector  Retail
 
Price: $13.0000 $-2.01 -13.391%
Day's High: $16.5 Week Perf: -0.76 %
Day's Low: $ 12.63 30 Day Perf: -10.59 %
Volume (M): 599 52 Wk High: $ 225.60
Volume (M$): $ 7,783 52 Wk Avg: $74.38
Open: $15.86 52 Wk Low: $8.11



 Market Capitalization (Millions $) 23
 Shares Outstanding (Millions) 2
 Employees -
 Revenues (TTM) (Millions $) 865
 Net Income (TTM) (Millions $) -199
 Cash Flow (TTM) (Millions $) -315
 Capital Exp. (TTM) (Millions $) 16

Vroom Inc
Vroom Inc. is a popular e-commerce company that specializes in selling used cars online. It is headquartered in New York City and was founded in 2013 by Allon Bloch, Kevin Westfall, and Marshall Chesrown. The company is currently led by CEO, Paul Hennessy.

Vroom Inc. operates on a unique business model that aims to simplify the car buying process for customers by offering an entirely digital experience. The companyes website provides easy access to a vast inventory of high-quality used cars, along with all relevant details, including car history reports, pictures, and pricing. Customers can also complete the entire purchase process online, from browsing to financing and delivery.

Vroom Inc. has a user-friendly platform that enables customers to easily search for the car that matches their preferences. They offer a variety of car models, including sedans, SUVs, sports cars, and trucks, from different brands such as Chevrolet, Nissan, and Ford. Additionally, their prices are competitive and transparent, with the inclusion of all fees in the initial price display.

Once a customer selects their preferred car, they can apply for financing on the Vroom website, with a quick online credit application. Vroom partners with several major financial institutions such as Wells Fargo and Bank of America to provide financing options that vary according to the customer's credit score and budget.

After the customer has applied for financing, Vroom arranges for car delivery to the customer's doorstep, covering the entire continental US. The company also offers free 7-day returns, in case the customer is unsatisfied with the car.

Vroom Inc. has gained popularity among car buyers due to its unique business model, ease of use, and exceptional customer service. The company boasts of excellent ratings on consumer review sites such as Trustpilot and the Better Business Bureau. It has also been recognized as one of the fastest-growing private companies in the US by Inc. magazine.

In conclusion, Vroom Inc. has revolutionized the car buying process by offering an entirely digital experience to customers. Its business model enables customers to browse, finance and receive the car without leaving their homes, saving time and money. With its massive inventory, competitive pricing, and exceptional customer service, Vroom Inc. is a significant player in the online used car marketplace.


   Company Address: 3600 W Sam Houston Pkwy S Houston 77042 TX
   Company Phone Number: 535-9125   Stock Exchange / Ticker: NASDAQ VRM
   


   

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Vroom Inc

Headline: Vroom Inc Faces Massive Revenue Fall as Weak Demand Plagues the Company



Vroom Inc, an online car retail platform, has recently released its financial results for the third quarter of 2023. Unfortunately, the company's performance paints a bearish picture, as weak demand has led to a surge in losses and a decline in revenue. These concerning figures, coupled with a drop in stockpiles and a decline in accounts receivable, indicate that Vroom Inc is facing significant challenges in its business operations. In this article, we will delve deeper into the key factors contributing to Vroom Inc's bearish outlook.
1. Dismal Financial Results:
Vroom Inc's financial performance for the July to September 30, 2023, period reflects a substantial decline in revenue, with a staggering decrease of 30.922% to $235.09 million compared to $340.33 million the previous year. This decline in revenue has significantly impacted the company's net loss per share, which increased to $-0.59 from $-0.37.

Vroom Inc

Vroom Inc Faces Challenging Quarter with Declining Income and Mixed Financial Results as of June 30, 2023

Vroom Inc, a leading online car retailer, recently released its financial results for the interval ending June 30, 2023. Unfortunately, the numbers paint a bleak picture for the company's future prospects, especially when compared to previous periods.
To begin with, Vroom Inc suffered a loss of $0.48 per share during this interval, which marks a significant improvement compared to the loss of $2.26 per share a year ago. However, this seemingly positive news is overshadowed by the fact that the company's income per share fell from $0.18 in the prior quarter. This decline in income is a concerning development and indicates potential difficulties in the company's core operations.






 

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