| Market Capitalization (Millions $) |
56 |
| Shares
Outstanding (Millions) |
5 |
| Employees |
655 |
| Revenues (TTM) (Millions $) |
142 |
| Net Income (TTM) (Millions $) |
-57 |
| Cash Flow (TTM) (Millions $) |
-15 |
| Capital Exp. (TTM) (Millions $) |
10 |
Business Description
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: 4700 Mercantile Dr Fort Worth 76137 TX
Company Phone Number: 535-9125 Stock Exchange / Ticker: NASDAQ VRM
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6.13% 
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