Vroom Announces Fourth Quarter and Full Year 2024 Results
NEW YORK--(BUSINESS WIRE)--Vroom, Inc. (Nasdaq:VRM) today announced financial results for the fourth quarter and fiscal year ended December 31, 2024. HIGHLIGHTS OF FOURTH QUARTER AND FULL YEAR 2024 $57.5 million consolidated total cash and excess liquidity as of December 31, 2024 $29.3 million cash and cash equivalents as of December 31, 2024 $28.2 million of liquidity available to UACC under the warehouse credit facilities $(36.7) million and $(138.2) million net loss from continuing operation.
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Vroom Provides Update on Relisting of Common Stock and Q4 2024 Liquidity
NEW YORK--(BUSINESS WIRE)--Vroom, Inc. (the “Company”), a leading automotive finance company and a data and AI-powered analytics and digital services platform supporting the automotive industry, today provided an update regarding the relisting of the Company's common stock on the Nasdaq Stock Market LLC and certain preliminary unaudited financial results for the fourth quarter 2024, following the Company's recapitalization of its previously issued unsecured convertible senior notes. Vroom has r.
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Vroom Completes Recapitalization
NEW YORK--(BUSINESS WIRE)--Vroom, Inc., a leading automotive finance company and a data, AI-powered analytics and digital services platform supporting the automotive industry, today announced that as of January 14, 2025, it has successfully completed its recapitalization of unsecured convertible senior notes and emerged from the prepackaged Chapter 11 case it voluntarily filed in the U.S. Bankruptcy Court for the Southern District of Texas. Vroom emerges without any long-term debt at Vroom, Inc.
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Vroom Files for Bankruptcy, Says Subsidiaries Not Expected to Follow
Automotive finance company and digital services platform Vroom filed for Chapter 11 bankruptcy Wednesday (Nov. 13), saying in a filing with the Securities and Exchange Commission (SEC) that it plans to operate its business as a “debtor-in-possession” under the jurisdiction of the bankruptcy court.
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Vroom Announces Third Quarter 2024 Results
NEW YORK--(BUSINESS WIRE)--Vroom, Inc. (Nasdaq:VRM) today announced financial results for the third quarter ended September 30, 2024. HIGHLIGHTS OF THIRD QUARTER 2024 $51.1 million cash and cash equivalents as of September 30, 2024 $32.9 million of liquidity available to UACC under the warehouse credit facilities $(37.7) million net loss from continuing operations $(25.5) million Adjusted EBITDA1 Entered into an agreement to restructure $290 million of unsecured convertible notes, into equity t.
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Vroom Announces Equity-for-Debt Recapitalization
NEW YORK--(BUSINESS WIRE)--Vroom, Inc. (Nasdaq: VRM), a leading automotive finance company and an AI-powered analytics and digital services platform for automotive retail, today announced that it has made the strategic decision to enter into a Restructuring Support Agreement (RSA) with holders of an overwhelming majority of its outstanding funded debt and its largest stockholder. The parties to the RSA have agreed to pursue a comprehensive transaction that will restructure Vroom, Inc.'s outstan.
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Vroom Shifts Focus to Core Assets and Future Growth
In a move to redefine its future, used car digital marketplace Vroom on Tuesday (Sept. 23) said it completed the wind-down of its eCommerce and used vehicle dealership operations and released a long-term strategic plan leveraging its assets like United Auto Credit Corporation (UACC), a leading automotive finance company; and CarStory, a leader in AI-powered analytics and digital services for automotive retail.
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Vroom Released Long-term Strategic Plan
NEW YORK--(BUSINESS WIRE)--Vroom, Inc. (Nasdaq: VRM) today released an investor presentation (the “Investor Presentation”) which includes the Company's long-term strategic plan and key initiatives. A copy of the Investor Presentation is available at ir.vroom.com. On January 22, 2024, the Company announced a Value Maximization Plan, pursuant to which the Company discontinued its ecommerce operations and wound down its used vehicle dealership. Since the announcement in January, the Company has be.
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Vroom Announces Second Quarter 2024 Results
NEW YORK--(BUSINESS WIRE)--Vroom, Inc. (Nasdaq:VRM) today announced financial results for the second quarter ended June 30, 2024. HIGHLIGHTS OF SECOND QUARTER 2024 $63.4 million cash and cash equivalents as of June 30, 2024 $34.0 million of liquidity available to UACC under the warehouse credit facilities $(19.1) million net loss from continuing operations $(7.5) million Adjusted EBITDA Successfully Completed UACC Securitization Transaction in April 2024 Tom Shortt, the Company's Chief Executiv.
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Vroom: Main engine of U.S. economy — consumers — showing no sign of sputtering
Don't bet against the American consumer, an old saying goes. That wisdom was borne out this spring and summer, when wagering against them would have been a mistake.
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Vroom to Release Second Quarter 2024 Earnings on August 8, 2024
NEW YORK--(BUSINESS WIRE)--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 202.
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Vroom! 3 EV Stocks With the Potential to Outrun the Competition.
Electric vehicles are in the news again but this time for a positive reason. In news that broke earlier in the week, German automotive giant Volkswagen (OTCMKTS: VWAGY ) will invest up to $5 billion into Rivian Automotive (NASDAQ: RIVN ).
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Cloud Dvr Market size is set to grow by USD 25.53 Billion from 2024-2028, emergence of technologically advanced devices to boost the market growth, Technavio
NEW YORK, May 20, 2024 /PRNewswire/ -- The global cloud dvr market size is estimated to grow by USD 25526.4 million from 2024-2028, according to Technavio. The market is estimated to grow at a CAGR of 30.29% during the forecast period. For more insights on the forecast market size and historic data (2018 - 2022) - Download Free sample report in a minutes Key Market Trends Fueling Growth The cloud DVR market has experienced significant growth due to advances in technology, with vendors investing heavily in the development of new devices. Since the introduction of Roku in 2008, video streaming has evolved from modern STBs to plug-and-play devices like Roku streaming stick and Google Chromecast. Key features include cloud DVR, hard drives, digital signals, central cloud storage, customer preferences for TV shows and live events, hybrid cloud DVRs, IPTV, and satellite DVRs. Adoption of OTT services, pay-TV providers, and on-demand services has accelerated, offering business opportunities and addressing regulatory frameworks, copyright instructions, and TV viewer demands for personalized ads, time-shifted content, and as-a-service options. Technologies like Velocix, Broadpeak, and SaaS platforms enable advanced features such as multi-device activation, addressable advertising, SSAI, ad insertion, ad replacement, and personalised ads. Market Challenges • The Cloud DVR market is experiencing challenges due to the increasing popularity of free Internet TV services like YouTube and Hulu. Paid TV providers are facing revenue losses as consumers opt for these cost-effective alternatives. Key technologies like POD content, OTT services, and Internet are transforming the video landscape. Regulatory frameworks and copyright instructions are crucial in this context. TV viewers can now access on-demand services on multiple devices, enabling personalised ads through Addressable advertising and SSAI. Businesses, both commercial and residential, are adopting these technologies at varying paces, influenced by economic, political, and social scenarios. Monetisation techniques, including ad insertion, ad replacement, and personalised ads, are essential for video service providers. The lifecycle of these services is influenced by factors like multi-device activation, time-shifted content, and as-a-service options. Cloud VRM and SaaS platforms, managed by dedicated teams, are facilitating these advancements. Inorganic growth through acquisitions and partnerships is a common strategy in this industry. Research report provides comprehensive data on impact of trend, driver and challenges - Buy Report Segment Overview This cloud dvr market report extensively covers market segmentation by 1.1 Hybrid - The Cloud DVR market is experiencing significant growth, driven by the adoption of Managed services teams and innovative Monetisation techniques by businesses in both commercial and residential sectors. Hybrid cloud DVRs, which support Digital signals from both IPTV and Satellite DVRs, are gaining traction. These systems enable customers to access POD content, OTT services, and live TV shows via the Internet. The versatility of Cloud DVRs allows for the storage of both broadcast and broadband content from TV. Key players in the market include Velocix and Broadpeak. Inorganic Growth through acquisitions and partnerships is a common strategy. The market's expansion is influenced by various economic, political, and social scenarios. Pricing analysis is crucial in understanding consumer buying behavior. Regulatory frameworks and Copyright instructions play a significant role in shaping the market. TV viewers increasingly prefer On-demand services, leading Television networks to invest in Cloud DVR technology. Ad-skipping and time-shifting features are key consumer benefits. Hybrid cloud DVRs offer a central cloud storage solution, making them an attractive alternative to physical boxes. Pay-TV providers and Video service providers are major operators in the market. The adoption pace of Cloud DVR technology is accelerating, with the technology poised to revolutionize the way we consume TV shows and live events. For more information on market segmentation with geographical analysis including forecast (2024-2028) and historic data (2018 - 2022) - Download a Sample Report Research Analysis The Cloud DVR market is experiencing significant growth as more customers opt for on-demand services and multi-device activation. Central cloud storage enables the recording and playback of TV shows and live events, offering flexibility and convenience. Operators and technology providers are adopting this innovative solution to meet the economic, political, and social scenarios of the residential and commercial sectors. Hard drives and digital signals are essential components of Cloud DVR systems, ensuring efficient storage and transmission of content. Addressable advertising and SSAI (Server-Side Ad Insertion) technologies enhance the commercial value of this product or service in the application industries. The lifecycle of Cloud DVR is expected to continue its upward trend as the adoption pace accelerates. Market Research Overview The Cloud DVR market is experiencing significant growth due to the increasing demand for video on-demand services. This technology allows users to record and store digital video content over the internet, providing flexibility and convenience. The integration of AI and machine learning in Cloud DVR systems enhances the user experience by enabling advanced features such as content recommendation and personalized viewing. The market is driven by key players offering customizable solutions, including adaptive bitrate streaming and parental controls. The future of Cloud DVR lies in its ability to provide seamless integration with various devices and platforms, ensuring a consistent user experience across multiple screens. Additionally, the ongoing development of 5G technology is expected to further boost the market's growth by enabling faster and more reliable streaming. Overall, the Cloud DVR market is poised for continued expansion, offering numerous opportunities for businesses and consumers alike. Table of Contents: 1 Executive Summary2 Market Landscape3 Market Sizing4 Historic Market Size5 Five Forces Analysis6 Market Segmentation 7 Customer Landscape8 Geographic Landscape9 Drivers, Challenges, and Trends10 Company Landscape11 Company Analysis12 Appendix About Technavio Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios. Contacts Technavio ResearchJesse MaidaMedia & Marketing ExecutiveUS: +1 844 364 1100UK: +44 203 893 3200Email: [email protected]Website: www.technavio.com/
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Vroom Announces First Quarter 2024 Results
NEW YORK--(BUSINESS WIRE)--Vroom, Inc. (Nasdaq:VRM) today announced financial results for the first quarter ended March 31, 2024. HIGHLIGHTS OF FIRST QUARTER 2024 $91.0 million cash and cash equivalents as of March 31, 2024 $(44.7) million net loss from continuing operations $(32.2) million Adjusted EBITDA Substantially completed the ecommerce wind-down Adopted new reporting segments to align with continuing operations at United Auto Credit (UACC) and CarStory Tom Shortt, the Company's Chief Ex.
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Vroom to Release First Quarter 2024 Earnings on May 9, 2024
NEW YORK--(BUSINESS WIRE)--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,.
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Vroom Delivery and Finix Team on Convenience Store Payments
Convenience store commerce platform Vroom Delivery has launched a partnership with payment processor Finix. The collaboration, announced Monday (April 8), is centered around the creation of a new tool called Pay360, which the companies say is the first online payment solution designed for the convenience store sector, allowing for the secure online sale of age-restricted products.
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Vroom Completes Wind-Down of eCommerce, Used Vehicle Dealership Businesses
Vroom completed the previously announced wind-down of its eCommerce and used vehicle dealership businesses. The company ended transactions through vroom.com, completed previously contracted transactions, sold “substantially all” of its used vehicle inventory and paid off a vehicle floorplan financing facility, Vroom said in a Thursday (April 4) filing with the Securities and Exchange Commission.
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From unicorns to near zero: RENT, Allbirds, Vroom, and BuzzFeed
Many companies that were once unicorns are struggling to survive as interest rates remain at an elevated level and as growth slows. Some former unicorns like WeWork, Hopin, Olive AI, and Convoy have all filed for bankruptcy.
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Carvana, Vroom, BuzzFeed, Encore Wire - Getting Paid To Take Risks With Courage & Conviction Investing
The market doesn't understand Carvana and Vroom, according to Courage & Conviction Investing. BuzzFeed's recent sale and balance sheet improvements make it an interesting investment opportunity.
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Vroom Announces Fourth Quarter and Full Year 2023 Results
NEW YORK--(BUSINESS WIRE)--Vroom, Inc. (Nasdaq:VRM) today announced financial results for the fourth quarter and fiscal year ended December 31, 2023. HIGHLIGHTS OF FOURTH QUARTER AND FULL YEAR 2023 $135.6 million cash and cash equivalents as of December 31, 2023 4,780 and 17,401 Ecommerce units sold for the fourth quarter and full year, respectively, representing third consecutive quarter of Ecommerce unit growth $4,742 and $3,403 Ecommerce gross profit per unit (GPPU) for the fourth quarter an.
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Why Is Vroom (VRM) Stock Up 25% Today?
One of today's most impressive movers happens to be Vroom (NASDAQ: VRM ). Shares of the used car company have skyrocketed in today's session, with VRM stock up more than 25% at the time of writing.
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Vroom to Release Fourth Quarter and Fiscal Year 2023 Earnings on March 13, 2024
NEW YORK--(BUSINESS WIRE)--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.
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Vroom (VRM) Discontinues E-commerce Used Vehicle Operations
Vroom (VRM) announces the discontinuation of its e-commerce operations and winding down of its used vehicle dealership business.
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Vroom hits the brakes on its online used car business to go full throttle on auto financing and AI
Vroom is shutting down its online used car marketplace and shifting all of its resources and capital into two business units focused on auto financing and AI-powered analytics. About 800 employees, or 90% of its workforce, will lose their jobs as a result, according to a regulatory filing.
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VRM Stock Alert: Once-Hot Vroom Is Winding Down Operations
Vroom (NASDAQ: VRM ) stock is plunging over 40% in early trading after the used-car retailer announced that it had suspended its e-commerce business. Moreover, the firm disclosed that it would be “winding down” its dealerships and laying off 90% of its employees.
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Why Is Vroom (VRM) Stock Down 44% Today?
Vroom (NASDAQ: VRM ) stock is falling on Tuesday after the used-car selling and buying e-commerce company announced plans to wind down its business. A press release from Vroom reveals that it will discontinue its e-commerce operations while winding down its used vehicle dealership business.
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Vroom Stock Plunges After Winding Down E-Commerce Business—Key Chart Levels to Monitor
Shares of vehicle e-commerce platform Vroom (VRM) plunged over 50% ahead of the opening bell Tuesday after the company said it plans to discontinue its e-commerce operations and wind down its used vehicle dealership business to shore-up its liquidity and maximize stakeholder value.
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Vroom faces reckoning after shuttering ecommerce business
Vroom, the parent company of automotive financing group United Auto Credit Corporation (UACC), faces a reckoning when US markets open on Tuesday. Its market value was effectively slashed in half in pre-market trades after the Houston-based business announced that its ecommerce platform for buying and selling used vehicles is to be shuttered.
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Vroom Exiting Car Sales, Focusing on Finance and AI Services
Vroom is winding down its eCommerce operations and discontinuing its used vehicle dealership business. The company aims to preserve liquidity and maximize stakeholder value through its remaining businesses, Vroom said in a Monday (Jan. 22) press release.
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This once-mighty Carvana competitor just announced it is winding down operations
Vroom Inc., once valued at a heady $2.5 billion, said Monday it is winding down its online used-car sales business in order to preserve liquidity, as its market cap has dwindled to less than $100 million.
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Vroom Announces Wind-Down of Ecommerce Used Vehicle Operations
HOUSTON--(BUSINESS WIRE)--Vroom, Inc. (Nasdaq:VRM) (Vroom, or the Company), a leading ecommerce platform for buying and selling used vehicles, today announced that it is discontinuing its ecommerce operations and winding down its used vehicle dealership business in order to preserve liquidity and enable the Company to maximize stakeholder value through its remaining businesses. Vroom owns and operates United Auto Credit Corporation (UACC), a leading automotive finance company, and CarStory, a l.
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Vroom Files Preliminary Proxy Statement for Reverse Stock Split
HOUSTON--(BUSINESS WIRE)--Vroom, Inc. (Nasdaq: VRM) (“Vroom,” the “Company,” “us,” “we” and “our”), a leading e-commerce platform for buying and selling used vehicles, today announced it has filed a preliminary proxy statement with the U.S. Securities and Exchange Commission (the “SEC”) regarding a special stockholders' meeting to be held on February 5, 2024, at 11:00 a.m., Eastern time (the “Special Meeting”), to authorize Vroom's Board of Directors (the “Board”) to effect a reverse stock spli.
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Vroom CEO Named Executive to Watch in 2024 by Auto Finance News
NEW YORK--(BUSINESS WIRE)--Vroom, Inc. (Nasdaq: VRM), a leading e-commerce platform for buying and selling used vehicles, announced today that Tom Shortt, Chief Executive Officer, has been recognized by Auto Finance News as one of its Executives to Watch in 2024, a recognition the publication has been making based on experience, leadership, vision and ability to shake up the industry with an innovative, forward-thinking approach to auto finance. “This recognition is a testament to the commitmen.
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Vroom Announces “At The Market” (ATM) Equity Offering Program
HOUSTON--(BUSINESS WIRE)--Vroom, Inc. (Nasdaq: VRM), (“Vroom” or the “Company) a leading e-commerce platform for buying and selling used vehicles, today announced it has filed a prospectus supplement with the U.S. Securities and Exchange Commission (the “SEC”) under which it may offer and sell from time to time and at its discretion shares of its common stock having an aggregate offering price of up to $50.0 million pursuant to an “at the market” offering program (the “ATM Program”). There can.
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Vroom Reports Inducement Grants Under Nasdaq Listing Rule 5635(c)(4)
NEW YORK--(BUSINESS WIRE)--Vroom, Inc. (Nasdaq: VRM), a leading e-commerce platform for buying and selling used vehicles, today reported that on November 18, 2023, the Compensation Committee of Vroom's Board of Directors approved the grant of inducement restricted stock unit awards covering 96,925 shares of Vroom's common stock to 11 employees of Vroom and its affiliates to induce them to join as employees of Vroom and its affiliates. The awards were granted under Vroom's 2022 Inducement Award.
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Vroom, Inc. (VRM) Q3 2023 Earnings Call Transcript
Vroom, Inc. (NASDAQ:VRM ) Q3 2023 Earnings Conference Call November 8, 2023 8:30 AM ET Company Participants Jon Sandison – Vice President-Investor Relations Tom Shortt – Chief Executive Officer Bob Krakowiak – Chief Financial Officer Conference Call Participants Rajat Gupta – J.P. Morgan Operator Good day, and thank you for standing by.
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Here's What Key Metrics Tell Us About Vroom (VRM) Q3 Earnings
The headline numbers for Vroom (VRM) give insight into how the company performed in the quarter ended September 2023, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.
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Vroom Announces Third Quarter 2023 Results
NEW YORK--(BUSINESS WIRE)--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 registration.
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Vroom Partners with West Virginia DMV To Reduce Wait Time for Vehicle Titles
NEW YORK--(BUSINESS WIRE)--Vroom, Inc. (Nasdaq:VRM), a leading automotive ecommerce platform dedicated to improving the buying and selling of used vehicles, announced today the company is partnering with the state of West Virginia to launch its National Digital Title Clearinghouse (NDTC). As the only retailer with access to this digital title clearinghouse, Vroom will be able to transfer out-of-state titles into the company's name and significantly reduce the timeline for processing them. “Vroo.
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Vroom to Release Third Quarter 2023 Earnings on November 7, 2023
NEW YORK--(BUSINESS WIRE)--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, pleas.
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Is Vroom A Buy? Unpacking Its Strategic Pivot
Vroom faces financial concerns and liquidity issues, with a market capitalization well below its book value. In 2023, Vroom undertook strategic changes, including workforce reduction and a shift to an in-house sales model, aiming to improve customer experience and reduce costs. The company's revenue streams are complex, with high-margin sectors in product and finance offset by negative margins in wholesale vehicle sales.
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7 Small-Cap Stocks to Sell in August Before They Crash and Burn
Although speculative enterprises tend to draw in a loyal band of followers, certain circumstances call for decisive action, as these small-cap stocks to avoid in August confirms. Nobody wants to be the guy or gal throwing in the towel.
investorplace.com
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Best Penny Stocks To Buy Now? 4 Under $5 To Watch
If you're trying to find the best penny stocks to buy now, you're not alone. There are plenty of reasons that support trading in these cheap stocks.
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Vroom, Inc. (VRM) Q2 2023 Earnings Call Transcript
Vroom, Inc. (NASDAQ:VRM ) Q2 2023 Earnings Conference Call August 9, 2023 8:30 AM ET Company Participants Jon Sandison - VP, IR Tom Shortt - CEO Bob Krakowiak - CFO Conference Call Participants Sharon Zackfia - William Blair Operator Thank you for standing by and welcome to Vroom's Second Quarter 2023 Earnings Call. At this time, all participants are in a listen only mode.
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Vroom (VRM) Reports Q2 Earnings: What Key Metrics Have to Say
Although the revenue and EPS for Vroom (VRM) give a sense of how its business performed in the quarter ended June 2023, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.
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Vroom (VRM) Reports Q2 Loss, Tops Revenue Estimates
Vroom (VRM) came out with a quarterly loss of $0.48 per share versus the Zacks Consensus Estimate of a loss of $0.51. This compares to loss of $0.73 per share a year ago.
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Vroom Announces Second Quarter 2023 Results
NEW YORK--(BUSINESS WIRE)--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 compare.
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Banuba Face AR SDK Boosted MAU growth by 30% for VROOM
DUBAI, United Arab Emirates--(BUSINESS WIRE)-- #ARdevelopment--True Digital Group implemented Banuba's technologies in their video conferencing app and grew their registered and monthly active user numbers.
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Vroom (VRM) Shows Fast-paced Momentum But Is Still a Bargain Stock
Vroom (VRM) could be a great choice for investors looking to buy stocks that have gained strong momentum recently but are still trading at reasonable prices. It is one of the several stocks that made it through our 'Fast-Paced Momentum at a Bargain' screen.
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7 Penny Stocks to Sell Before They Damage Your Portfolio
As the latest bull market continues, it may seem as if now is not a time to worry about whether to sell penny stocks. While mega-cap tech stocks have been some of the most high-profile strong performers in recent months, many low-priced ($5 per share or less) speculative growth stocks have been crushing it as well.
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Best Penny Stocks To Watch? 4 Under $5 For Your List
Are you looking for the best penny stocks to watch right now? With all of the excitement in the stock market today, you're not alone.
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Vroom to Release Second Quarter 2023 Earnings on August 8, 2023
NEW YORK--(BUSINESS WIRE)--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 regist.
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Vroom: No Change To Thesis; Avoid
Vroom is an online used car dealer with an innovative 'door-to-door' business model. The company's business model is structurally flawed as it incurs thousands of dollars in transportation costs that brick-and-mortar dealers do not have. Despite efforts to control costs, Vroom's SG&A still far exceeds gross profits, and the company is predicted to run out of cash by the end of 2024.
seekingalpha.com
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4 Short Squeeze Penny Stocks to Watch Before Next Week
Today, we're diving into the world of short-squeeze penny stocks. This is a topic that's been making headlines and for good reason.
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CE 100 Index Soars 4.1% as Vroom, iRobot and WeWork Rally
The Federal Reserve has signaled it will pause rate hikes. In the meantime, the U.S. consumer keeps spending.
pymnts.com
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7 Penny Stocks to Sell in June Before They Crash and Burn
“Price is what you pay, value is what you get.” This famed Warren Buffett investing maxim can serve you well when determining whether a penny stock (stock trading for $5 per share or less) is worthy of a buy, or if it is one of the penny stocks to sell.
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5 Penny Stocks To Watch Before Next Week; Time To Buy?
If you're like many retail traders in the stock market today, penny stocks are a popular prospect. This article looks at some of the most active penny stocks today with late-breaking momentum.
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7 Stocks to Sell if the Fed Keeps Raising Interest Rates
If we follow the common wisdom, the Federal Reserve raised interest rates in what could be its last major action against inflation, which would then make stocks to sell in a hawkish environment seem completely irrelevant. For what it's worth, I hope that this list of publicly traded enterprises to watch out for ages like milk.
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Vroom (VRM) Reports Q1 Loss, Lags Revenue Estimates
Vroom (VRM) came out with a quarterly loss of $0.54 per share versus the Zacks Consensus Estimate of a loss of $0.58. This compares to loss of $0.71 per share a year ago.
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Vroom Announces First Quarter 2023 Results
NEW YORK--(BUSINESS WIRE)--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 $(6.
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Vroom: Unfortunate Timing For Disruptive Growth
Vroom: Unfortunate Timing For Disruptive Growth.
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Vroom to Release First Quarter 2023 Earnings on May 9, 2023
NEW YORK--(BUSINESS WIRE)--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.
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CarGurus, Vroom Show Connected Car's Journey Starts at Point of Sale
There are plenty of bumps in the road for auto sales. Inventory is improving but is still constrained, and inflation continues to keep car prices lofty.
pymnts.com
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Vroom (VRM) Reports Q4 Loss, Misses Revenue Estimates
Vroom (VRM) delivered earnings and revenue surprises of 30.88% and 18.45%, respectively, for the quarter ended December 2022. Do the numbers hold clues to what lies ahead for the stock?
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Vroom Announces Fourth Quarter and Full Year 2022 Results
NEW YORK--(BUSINESS WIRE)--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.
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7 Stocks That Could Take a Hit as Consumers Curtail Spending
Though the Federal Reserve's aggressive actions against skyrocketing inflation delivered results, it may not be enough to spare all companies in the consumer discretionary space. Thus necessitating a discussion about stocks to sell.
investorplace.com
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LKQ to Release Q4 Earnings: What Should Investors Expect?
The Zacks Consensus Estimate for LKQ's Q4 earnings per share and revenues is pegged at 84 cents and $3.01 billion, respectively.
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Super Bowl ad curse? The stocks of these Big Game advertisers didn't fare so well
As the Philadelphia Eagles faceoff against the Kansas City Chiefs, ad time comes at a steep cost. Is the price worth it for investors?
cnbc.com
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7 Sorry Retail Stocks to Sell in February Before It's Too Late
The recent rising tide of the market has lifted all boats. In light of recent macro developments, investors have become optimistic.
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Vroom to Release Fourth Quarter and Fiscal Year 2022 Earnings on February 28, 2023
NEW YORK--(BUSINESS WIRE)--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 access the call. A listen-only webcast will also be available via the same link and at ir.vroom.com. An archived webcast of the conference call will be accessible on the website within 48 hours of its completion. About Vroom (Nasdaq: VRM) Vroom is an innovative, end-to-end ecommerce platform that offers a better way to buy and a better way to sell used vehicles. The Company's scalable, data-driven technology brings all phases of the vehicle buying and selling process to consumers wherever they are and offers an extensive selection of vehicles, transparent pricing, competitive financing, and contact-free, at-home pick-up and delivery.
businesswire.com
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10 Top Penny Stocks To Watch With High Short Interest This Week
More short squeeze penny stocks to watch before February 2023. The post 10 Top Penny Stocks To Watch With High Short Interest This Week appeared first on Penny Stocks to Buy, Picks, News and Information | PennyStocks.com.
pennystocks.com
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Penny Stocks To Buy: 5 Short Interest Stocks To Watch Now
Short squeeze penny stocks to watch before February 2023. The post Penny Stocks To Buy: 5 Short Interest Stocks To Watch Now appeared first on Penny Stocks to Buy, Picks, News and Information | PennyStocks.com.
pennystocks.com
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Vroom Focuses On Unit Economics Over Growth
Vroom went public in mid-2020, raising $468 million in an IPO. The firm operates an online marketplace for the sale of used automobiles in the U.S.
seekingalpha.com
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7 Growth Stocks to Sell Before They Wither in 2023
Up until last year, investing in growth stocks appeared to be the golden ticket to success. However, given the current volatility and unpredictable nature of the stock market, investors should think twice about investing in growth stocks.
investorplace.com
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Vroom: Incrementally More Positive
New Management is taking the right steps to right size the business and reduce the Company's operating cash flow deficit. Recent bond repurchases have been meaningful and suggest management is optimistic that the company's operational turnaround will continue to gain momentum.
seekingalpha.com
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Vroom, Inc. (VRM) Q3 2022 Earnings Call Transcript
Vroom, Inc. (NASDAQ:VRM ) Q3 2022 Earnings Conference Call November 8, 2022 8:30 AM ET Company Participants Liam Harrington - VP, IR Thomas Shortt - CEO & Director Robert Krakowiak - CFO & Treasurer Conference Call Participants Rajat Gupta - JPMorgan Chase & Co. Richard Reid - Wells Fargo Securities Vincent Kardos - Jefferies Operator Thank you for standing by, and welcome to Vroom's Third Quarter 2022 Earnings Call. [Operator Instructions].
seekingalpha.com
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Vroom Announces Record Ecommerce Gross Profit Per Unit of $4,206
NEW YORK--(BUSINESS WIRE)--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.
businesswire.com
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Warning! Don't Even Consider Buying These 7 Dead-Money Stocks
Financial markets have been in turmoil for the better part of the past six months. The stock market has plunged to new lows as the Federal Reserve tightens the screws with rampant interest rate hikes.
investorplace.com
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Vroom Receives 2022 Auto Finance Excellence Award for Acquisition of United Auto Credit Corporation
NEW YORK--(BUSINESS WIRE)--Vroom (NASDAQ: VRM), an innovative ecommerce platform that offers a better way to buy and sell used vehicles, received a 2022 Auto Finance Excellence Award from Auto Finance News.
businesswire.com
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Online Automotive Retailer Vroom Announces Changes to Board of Directors
HOUSTON--(BUSINESS WIRE)--Vroom (www.vroom.com), a leading ecommerce platform for buying and selling used vehicles, today announced the appointment of Timothy M.
businesswire.com
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7 Penny Stocks to Sell Pronto Before a Painful Downturn
It has been a rough year for investors, with the S&P 500 index posting incredible losses not seen in some time. As stocks continue to hover in this fragile market, investors must consider which assets are most valuable in their portfolios.
investorplace.com
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3 Stocks in Bill Gates' Portfolio Reach 52-Week Lows
A few weeks into the final quarter of a tumultuous year, a handful of stocks in Bill Gates (Trades, Portfolio)' foundation trust portfolio are trading near their 52-week lows as the market continues to contend with rising inflation and interest rate hikes.
gurufocus.com
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The 7 Worst Stocks to Buy in a Bear Market
The worst stocks to buy in a bear market tend to be those that were overvalued to begin with. It's been a year to forget for equity investors.
investorplace.com
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Vroom to Release Third Quarter 2022 Earnings on November 7, 2022
NEW YORK--(BUSINESS WIRE)--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 listen-only webcast will also be available via the same link and at ir.vroom.com. An archived webcast of the conference call will be accessible on the website within 48 hours of its completion. About Vroom (Nasdaq: VRM) Vroom is an innovative, end-to-end ecommerce platform that offers a better way to buy and a better way to sell used vehicles. The Company's scalable, data-driven technology brings all phases of the vehicle buying and selling process to consumers wherever they are and offers an extensive selection of vehicles, transparent pricing, competitive financing, and contact-free, at-home pick-up and delivery.
businesswire.com
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10 Top Penny Stocks With Unusual Options Activity This Week
Penny stocks to watch today with unusual options action. The post 10 Top Penny Stocks With Unusual Options Activity This Week appeared first on Penny Stocks to Buy, Picks, News and Information | PennyStocks.com.
pennystocks.com
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The 7 Worst Stocks to Buy During Inflation
With consumer prices hitting multi-decade highs, investors should consider avoiding the worst stocks to buy during inflation. True, the inflation rate dipped a bit in July to 8.5%.
investorplace.com
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7 Stocks Taking a Hit From Tech Layoffs 2022
Amid July's surprisingly robust jobs report, the popular internet search term “tech layoffs 2022” presents a sharp contrast to the underlying enthusiasm. Yes, from a broader perspective, employment may be rising.
investorplace.com
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Bill Gates Is Betting Big on Hard-Hit Vroom (VRM) Stock
One of the more interesting bets made during this past quarter came from Bill Gates' Foundation. During the company's quarterly 13-F filing, the Gates Foundation noted a couple interesting new stakes investors have taken note of.
investorplace.com
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Vroom (VRM) Is Attractively Priced Despite Fast-paced Momentum
If you are looking for stocks that have gained strong momentum recently but are still trading at reasonable prices, Vroom (VRM) could be a great choice. It is one of the several stocks that passed through our 'Fast-Paced Momentum at a Bargain' screen.
zacks.com
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Vroom Stock Sinking on J.P. Morgan Downgrade
Used car retailer and e-commerce concern Vroom Inc (NASDAQ:VRM) is struggling, after J.P.
schaeffersresearch.com
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Vroom, Shift Technologies stocks sink after J.P. Morgan turns bearish, on continued challenges for used car industry
Shares of Vroom Inc. VRM, +19.10% dove 3.8% and Shift Technologies Inc. SFT, -0.81% shed 2.4% in premarket trading Monday, after J.P. Morgan Rajat Gupta turned bearish on the online auto buying platforms, citing an expected continued challenging backdrop for the used car industry.
marketwatch.com
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Vroom, Inc. (VRM) CEO Tom Shortt on Q2 2022 Results - Earnings Call Transcript
Vroom, Inc. (NASDAQ:VRM ) Q2 2022 Earnings Conference Call August 9, 2022 8:30 AM ET Company Participants Liam Harrington - Vice President of Investor Relations Tom Shortt - Chief Executive Officer Bob Krakowiak - Chief Financial Officer Conference Call Participants Sam Reid - Wells Fargo Scott David - Stifel Colin Sebastian - Baird Seth Basham - Wedbush Sharon Zackfia - William Blair & Company John Colantuoni - Jefferies Operator Good day, and welcome to Vroom's Second Quarter 2022 Earnings Call. At this time all participants are in listen only mode.
seekingalpha.com
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Carvana rivals' stocks plunge after earnings
While Carvana Inc. shares soared despite weaker-than-expected financial results last week, two of the online car-seller's smaller rivals were not as fortunate Monday.
marketwatch.com
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Vroom Announces Record Ecommerce Gross Profit Per Unit of $3,629
NEW YORK--(BUSINESS WIRE)--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 Executi
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