VRM - Earnings announcements

Vroom, Inc. (NASDAQ:VRM) today announced that it will release its financial results for the second quarter ending June 30, 2024, after the market closes on Thursday, August 8, 2024. About Vroom (NASDAQ:VRM) Vroom owns and operates United Auto Credit Corporation (UACC), a leading automotive lender serving the independent and franchise dealer market nationwide, and CarStory, a leader in AI-powered analytics and digital services for automotive retail. During fiscal 2023, Vroom also operated an end-to-end ecommerce platform to buy and sell used vehicles. Pursuant to its previously announced Value Maximization Plan, Vroom discontinued its ecommerce operations and wound down its used vehicle

Vroom, Inc. (NASDAQ:VRM) today announced that it will release its financial results for the first quarter ending March 31, 2024, after the market closes on Thursday, May 9, 2024. About Vroom (NASDAQ:VRM) Vroom owns and operates United Auto Credit Corporation (UACC), a leading automotive lender serving the independent and franchise dealer market nationwide, and CarStory, a leader in AI-powered analytics and digital services for automotive retail. During fiscal 2023, Vroom also operated an end-to-end ecommerce platform to buy and sell used vehicles. Pursuant to its previously announced Value Maximization Plan, Vroom is in the process of winding down its used vehicle dealership business.

Vroom, Inc. (NASDAQ:VRM) today announced that it will release its financial results for the fourth quarter and fiscal year ended December 31, 2023 after the market closes on Wednesday, March 13, 2024. About Vroom (NASDAQ:VRM) Vroom owns and operates United Auto Credit Corporation (UACC), a leading automotive lender serving the independent and franchise dealer market nationwide, and CarStory, a leader in AI-powered analytics and digital services for automotive retail. During fiscal 2023, Vroom also operated an end-to-end ecommerce platform to buy and sell used vehicles. Pursuant to its previously announced Value Maximization Plan, Vroom is in the process of winding down its used vehicle

Continued Progress on Long-Term Roadmap Driving Unit Growth, GPPU Improvement and Cost Reductions Vroom, Inc. (NASDAQ:VRM), a leading ecommerce platform for buying and selling used vehicles, today announced financial results for the third quarter ended September 30, 2023. HIGHLIGHTS OF THIRD QUARTER 2023 VERSUS SECOND QUARTER 2023 11% sequential growth in Ecommerce units $3,144 Ecommerce gross profit per unit (GPPU) as compared to $2,954 Continued reductions in fixed costs per unit as well as per unit costs across marketing, logistics, and titling and registrations and support $(82.9) million net loss as compared to $(66.3) million $(64.5) million Adjusted EBITDA as compa

Conference Call and Audio Webcast Scheduled for November 8, 2023 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 third quarter ending September 30, 2023, after the market closes on Tuesday, November 7, 2023. Vroom management will discuss these results and other information regarding the Company during a conference call and audio webcast on Wednesday, November 8, 2023 at 8:30 a.m. ET. To access the conference call, please register at this embedded link which is also available on our investor relations website. Registered participants will be sent a unique PIN to access the cal

Continued Progress on Long-Term Roadmap Driving GPPU Improvement and Cost Reductions Vroom, Inc. (NASDAQ:VRM), a leading ecommerce platform for buying and selling used vehicles, today announced financial results for the second quarter ended June 30, 2023. HIGHLIGHTS OF SECOND QUARTER 2023 VERSUS FIRST QUARTER 2023 5% sequential growth in Ecommerce units - first quarter with sequential growth since the introduction of the Long-Term Roadmap in Q2 2022 $2,954 Ecommerce gross profit per unit (GPPU) as compared to $2,552 $(66.3) million net loss as compared to $(75.0) million $(56.3) million Adjusted EBITDA as compared to $(64.8) million Continued to reduce sequential cost per

Conference Call and Audio Webcast Scheduled for August 9, 2023 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 register at this embedded link which is also available on our investor relations website. Registered participants will be sent a unique PIN to access the call. A liste

Continued Progress on Long-Term Roadmap Driving GPPU Improvement and Cost Reductions Vroom, Inc. (NASDAQ:VRM), a leading ecommerce platform for buying and selling used vehicles, today announced financial results for the first quarter ended March 31, 2023. HIGHLIGHTS OF FIRST QUARTER 2023 VERSUS FOURTH QUARTER 2022 Ecommerce gross profit per unit of $2,552 as compared to $1,233 Net loss of ($75.0) million as compared to net income of $24.8 million, due to gain on debt extinguishment of $126.8 million in the fourth quarter of 2022 Adjusted EBITDA of $(64.8) million as compared to $(74.8)1 million Adjusted EBITDA excluding securitization gain and non-recurring costs of $(64.1)

Conference Call and Audio Webcast Scheduled for May 10, 2023 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. To access the conference call, please register at this embedded link which is also available on our investor relations website. Registered participants will be sent a unique PIN to access the call. A listen-only

Significant Sequential Cost Reductions and Continued Progress on Long-Term Roadmap Vroom, Inc. (NASDAQ:VRM), a leading ecommerce platform for buying and selling used vehicles, today announced financial results for the fourth quarter and fiscal year ended December 31, 2022. HIGHLIGHTS OF FOURTH QUARTER 2022 VERSUS THIRD QUARTER 2022 Ecommerce gross profit per unit of $1,233 as compared to $4,206 SG&A expenses of $90.8 million as compared to $134.6 million Net income of $24.8 million as compared to net loss of $(51.1) million Adjusted EBITDA of $(70.9) million as compared to $(73.3) million Adjusted EBITDA excluding securitization gain and non-recurring costs of $(70.5) million as

Conference Call and Audio Webcast Scheduled for March 1, 2023 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 fourth quarter and fiscal year ending December 31, 2022, after the market closes on Tuesday, February 28, 2023. Vroom management will discuss these results and other information regarding the Company during a conference call and audio webcast on Wednesday, March 1, 2023 at 8:30 a.m. ET. To access the conference call, please register at this embedded link which is also available on our investor relations website. Registered participants will be sent a unique PIN to acces

Continued Progress on Long-Term Roadmap Vroom, Inc. (NASDAQ:VRM), a leading ecommerce platform for buying and selling used vehicles, today announced financial results for the third quarter ended September 30, 2022. HIGHLIGHTS OF THIRD QUARTER 2022 VERSUS SECOND QUARTER 2022 Ecommerce gross profit per unit of $4,206, up 16% SG&A expenses decreased $18.3 million Net loss improved from $(115.1) million to $(51.1) million Adjusted EBITDA improved from $(85.6) million to $(73.3) million Adjusted EBITDA excluding non-recurring costs improved from $(77.3) million to $(57.5) million Tom Shortt, Chief Executive Officer of Vroom, commented: "We continued to make progress on our three ke

Conference Call and Audio Webcast Scheduled for November 8, 2022 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 third quarter ending September 30, 2022, after the market closes on Monday, November 7, 2022. Vroom management will discuss these results and other information regarding the Company during a conference call and audio webcast on Tuesday, November 8, 2022 at 8:30 a.m. ET. To access the conference call, please register at this embedded link which is also available on our investor relations website. Registered participants will be sent a unique PIN to access the call. A

Substantial Progress on Long-Term Roadmap Vroom, Inc. (NASDAQ:VRM), a leading ecommerce platform for buying and selling used vehicles, today announced financial results for the second quarter ended June 30, 2022. HIGHLIGHTS OF SECOND QUARTER 2022 VERSUS FIRST QUARTER 2022 Ecommerce gross profit per unit of $3,629, up 106% SG&A expenses decreased $35.0 million Net loss improved from $310.5 million to $115.1 million Adjusted EBITDA loss improved from $107.4 million to $85.6 million Tom Shortt, Chief Executive Officer of Vroom, commented: "The second quarter of 2022 marked substantial progress for Vroom against our four strategic initiatives outlined in our recent investor and anal

Conference Call and Audio Webcast Scheduled for August 9, 2022 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 at this embedded link. Registered participants will be sent a unique PIN to access the call. A listen-only webcast will also be available via the same link and at

  Vroom, Inc. (NASDAQ:VRM), a leading ecommerce platform for buying and selling used vehicles, today announced financial results for the first quarter ended March 31, 2022. HIGHLIGHTS OF FIRST QUARTER 2022 19,473 ecommerce units sold, up 26% versus prior year Ecommerce revenue of $675.4 million, up 60% versus prior year Ecommerce gross profit of $34.3 million, up 8% versus prior year Completed the first auto loan securitization transaction Thomas Shortt, Chief Executive Officer of Vroom, commented: "The first quarter of 2022 surpassed our expectations on our key financial metrics, delivering better than expected ecommerce gross profit per unit, total revenue, ecommerce unit, and

Conference Call and Audio Webcast Scheduled for May 10, 2022 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, 2022, after the market closes on Monday, May 9, 2022. Vroom management will discuss these results and other information regarding the Company during a conference call and audio webcast on Tuesday, May 10, 2022 at 8:30 a.m. ET. The conference call can be accessed via telephone by dialing 1-833-519-1297 (or 914-800-3868 for international access) and entering the conference ID 3598027. A live audio webcast will also be available at ir.vroom.co

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 fourth quarter and fiscal year ending December 31st, 2021, after the market closes on Monday, February 28th, 2022. Vroom management will discuss these results and other information regarding the Company during a conference call and audio webcast on Tuesday, March 1st, 2022 at 8:30 a.m. ET. The conference call can be accessed via telephone by dialing 1-833-519-1297 (or 914-800-3868 for international access) and entering the conference ID 9567145. A live audio webcast will also be available at ir.vroom.com. An archived webcast of the

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 third quarter ending September 30, 2021, after the market closes on Tuesday, November 9, 2021. Vroom management will discuss these results and other information regarding the Company during a conference call and audio webcast on Wednesday, November 10, 2021 at 8:30 a.m. ET. The conference call can be accessed via telephone by dialing 1-833-519-1297 (or 914-800-3868 for international access) and entering the conference ID 5685139. A live audio webcast will also be available at ir.vroom.com. An archived webcast of the conference call

Accelerates Vroom's entry into captive financing operations Expands opportunity for consumers across the credit spectrum to transact on Vroom's platform Vroom (NASDAQ:VRM), an innovative ecommerce platform that offers a better way to buy and sell used vehicles, today announced that it has entered into a definitive agreement to acquire United Auto Credit Corporation (UACC), a proven leader in automotive finance with 25 years of automotive lending experience, for $300 million in cash, subject to adjustment based upon UACC's closing book value. This transformational acquisition accelerates Vroom's strategic objective to establish captive financing capabilities to support sales growth, impro

Vroom Delivers Record Ecommerce Units and Gross Profit Ecommerce Unit Sales Up 172% YoY Ecommerce Gross Profit Up 588% YoY Vroom, Inc. (NASDAQ:VRM), a leading ecommerce platform for buying and selling used vehicles, today announced financial results for the second quarter ended June 30, 2021 ("Q2 2021"). HIGHLIGHTS OF SECOND QUARTER 2021 18,268 ecommerce units sold, up 172% YoY Ecommerce revenue of $579.7 million, up 230% YoY Ecommerce gross profit of $49.6 million, up 588% YoY Convertible Note offering provided over $600.0 million of additional liquidity Paul Hennessy, Chief Executive Officer of Vroom, commented: "Vroom had an outstanding second quarter. We drove strong