Vroom (VRM) : 4-year performance

Vroom, Inc. is a parent company of United Auto Credit Corporation and CarStory. Previously, it was a used car retailer and e-commerce company that let consumers buy, sell, and finance cars online. Vroom ceased e-commerce automotive sales operations on January 22, 2024.

• Ticker: VRM

 

=Vroom (VRM) reported earnings on Mon 9 May 22 (a/h)

• Ticker: VRM

 

Vroom beats by $0.30, beats on revs 

• Reports Q1 (Mar) loss of $0.71 per share, excluding non-recurring items, $0.30 better than the S&P Capital IQ Consensus of ($1.01); revenues rose 56.2% year/year to $923.5 mln vs the $878.18 mln S&P Capital IQ Consensus.
• Co sees FY22 Ecommerce unit sales of 45,000 to 55,000.

Vroom CEO Paul Hennessy steps down; Tom Shortt appointed as CEO, effective immediately

• Vroom announced that its Board of Directors has appointed Tom Shortt, who previously served as the company's Chief Operating Officer, as CEO and a member of Vroom's Board of Directors, effective immediately. He succeeds Paul Hennessy, who has stepped down to pursue other opportunities.
• Robert Mylod, the current Board Chair, will become Independent Executive Chair of the Board.

-=Vroom (VRM) reported earnings on Mon 28 Feb 22 (a/h)

• Ticker: VRM

 

Vroom misses by $0.17, beats on revs; guides Q1 revs below consensus

• Reports Q4 (Dec) loss of $(0.94) per share, excluding non-recurring items, $0.17 worse than the S&P Capital IQ Consensus of $(0.77); revenues rose 130.3% year/year to $934.49 mln vs the $901.73 mln S&P Capital IQ Consensus.
  • 21,243 ecommerce units sold, up 93% YoY.
• Co issues downside guidance for Q1, sees Q1 revs of $875 mln vs. $1.04 bln S&P Capital IQ Consensus.

Earnings this week : Feb 28 - Mar 4, 2022 (wk 9)

Monday (Feb 28)

• Morning:  ASTE WHD CWEN XRAY DEA HSKA HNI ITRI JLL RIDE EYE NLSN RETA TGNA VTRS
• Afternoon: DDD AAON ACHC ACAD AMBA BIGC BLNK DAR ENDP FATE FGEN FRPT GDRX GRPN HLIO HRTX HPQ JRVR LCID MRTX NKTR NVAX OSH OKE PDCE PRAA PRIM PGNY PUBM SAIL SBAC SEER SDC SRI SUPN TASK TREX VLDR VRM WDAY ZM

Tuesday (Mar 1)

• Morning: GOLF ADT AMRN AMRS APG AZO BIDU BMO BNS BSY BLDR CLVT DPZ EHTH EPZM EVRI FSS HTA HGV HZNP HRL TWNK TILE IGT ITCI SJM KSS KTB MANU MLCO NFE NOVT PRGO RDNT SE FOUR SHC TGT TMX TRS WEN XHR
• Afternoon:  DIBS AKA AMC ARLO BGS BNFT CDLX CELH CERT CCXI DOMO BROS FSLR GO GRWG HCAT HPE INO INSG IPAR JAMF JAZZ NSTG JWN PETQ PLBY RGNX RPAY ROST CRM SRPT SGMS SOFI TTEC URBN VUZI WISH WW ZIP

Wednesday (Mar 2)

• Morning:  ANF DIN DLTR DCI DY HAYW PDCO STER
• Afternoon:  AEO PLAN BOX AI CHPT CPNG DSGX FLYW GEF GSM JXN NTNX OKTA PSTG RSI SGFY SNOW SPLK VEEV VSCO ZUO

Thursday (Mar 3)

• Morning: BBY BIG BILI BJ BF.B BURL CNQ CPG GMS GOGO HLLY KR MTLS TTC TD UTZ WB
• Afternoon:  AVAV AQN AVGO COO COST DUOL ESTC EOLS FNKO GPS GDYN MRVL NCMI PAYO PBYI SG  SWBI VZIO

Friday (Mar 4)  

• Morning:  HIBB

Vroom (VRM) reported earnings on Wed 12 Aug 20 (a/h)

** charts before earnings **

Ticker: VRM

** charts after earnings **

Vroom beats by $0.40, beats on revs; guides Q3 revs below consensus 

Reports Q2 (Jun) loss of $0.34 per share, $0.40 better than the S&P Capital IQ Consensus of ($0.74); revenues fell 3.0% year/year to $253.1 mln vs the $234.95 mln S&P Capital IQ Consensus.

Ecommerce Vehicle revenue increased 43.8% to $170.5 million. The increase in ecommerce Vehicle revenue was primarily attributable to the increase in ecommerce units sold, partially offset by a decrease in the average selling price per unit, which decreased from $30,749 to $25,393.

Ecommerce gross profit per unit decreased 43.2% to $1,075.

Co issues downside guidance for Q3, sees Q3 revs of $268-$290 mln vs. $344.65 mln S&P Capital IQ Consensus. Sees net loss per share of $(0.42)-$(0.37), which may not compare to the ($0.37) S&P Capital IQ Consensus.

• Sees Ecommerce unit sales of 8,500-8,800, average total revenue per unit of $23,500 and average gross profit per unit of $1,600-$1,700.
• TDA unit sales of 1,400-1,600, average total revenue per unit of $23,500 and average gross profit per unit of $1,000-$1,100.
• Wholesale unit sales of 3,500-4,500, average revenue per unit of $10,000 and average gross profit per unit of $100-$200.

Earnings this week : August 10 - 14, 20 (wk 33)

Monday (Aug 10)

• Morning: AVYA GOLD BKI CGC CEVA CEIX DOYU DUK GOGO ICPT MAR MELI PPL RDNT RETA RCL SAGE SDGR SEAS TGNA
• Afternoon: ADPT ANGI SCOR CSOD DHT ESE ESPR STAY GSKY GO HALO ICUI IART IPAR IAC IFF JCOM KAMN KFRC RAMP MESA NHI NGL NTR OXY CNXN PRA QLYS RPAY SPG RUN TCO TME TLRY WES ZI

Tuesday (August 11)

• Morning: BNTX BR GOOS IMOS HUYA LITE NIO SYY
• Afternoon: TXG CVET HCAT HBM NARI LRN KRNT OSPN RRGB SWAV VIAV

Wednesday (August 12)

• Morning: AIT EAT CAE  JMIA  LMND PFGC PGTI TUFN
• Afternoon: ONEM AZPN CACI CSCO ENS GTBIF YY LYFT PING RVLV SDC SPTN VREX VRM WPM ZTO

Thursday (August 13)

• Morning: AZUL BAM IIVI NTES TPR TGP TNK WCC
• Afternoon: AQN AMAT BIDU FTCH GLOB IQ MYGN

Friday (August 14) 

• None