The Latest Breaking News from Vroom

The former Carvana competitor left buyers in the dark when it exited.

Carvana has shot up by a whopping 904% in 2023. Will the rally continue or does it have some steam left?

Vroom (NASDAQ:VRM) has observed the following analyst ratings within the last quarter:

Vroom's (NASDAQ:VRM) short percent of float has risen 8.74% since its last report. The company recently reported that it has 38.71 million shares sold short, which is 29.49% of all regular shares that are available for trading.

Vroom Inc (NASDAQ: VRM) shares are trading higher Tuesday after the company announced better-than-expected financial results. 

Vroom Inc (NASDAQ:VRM) reported first-quarter FY22 sales growth of 56.3% year-on-year to $923.77 million, beating the consensus of $878.13 million. Ecommerce revenue jumped 59.9% Y/Y to $675.4 million, and Ecommerce Unit Sales rose 26% Y/Y. Revenue from Wholesale rose 18.6%, and Texas Direct Auto (TDA) segment increased by 18.2%. The gross profit rose…

Vroom (NASDAQ:VRM) has observed the following analyst ratings within the last quarter:

 

E-commerce sales have been soaring as the number of online shoppers has ballooned amid the COVID-19 pandemic, and organizations have adopted an increasingly digital approach to marketing their products. While supply chain disruptions remain a concern, Wall Street Analysts expect fundamentally sound e-commerce stocks Vroom (VRM) and Lulu's Fashion (LVLU)…