Vroom (NASDAQ:VRM) Stock Price Down 1.3%

Vroom, Inc. (NASDAQ:VRM) traded down 1.3% during trading on Thursday . The company traded as low as $10.50 and last traded at $10.60. 25,344 shares traded hands during trading, a decline of 80% from the average session volume of 128,494 shares. The stock had previously closed at $10.74.

Vroom Stock Down 0.4 %

The company has a market capitalization of $19.11 million, a price-to-earnings ratio of -0.05 and a beta of 1.92. The stock’s fifty day simple moving average is $11.95 and its two-hundred day simple moving average is $28.06. The company has a debt-to-equity ratio of 8.91, a current ratio of 2.00 and a quick ratio of 2.00.

Vroom (NASDAQ:VRM) last posted its earnings results on Wednesday, March 13th. The company reported ($80.51) EPS for the quarter. Vroom had a negative net margin of 47.89% and a negative return on equity of 171.85%. The company had revenue of $235.92 million for the quarter.

Hedge Funds Weigh In On Vroom

A hedge fund recently raised its stake in Vroom stock. Charles Schwab Investment Management Inc. increased its holdings in Vroom, Inc. (NASDAQ:VRM) by 41.5% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 4,572,899 shares of the company’s stock after acquiring an additional 1,342,071 shares during the period. Charles Schwab Investment Management Inc. owned about 3.27% of Vroom worth $5,122,000 at the end of the most recent reporting period. 25.79% of the stock is currently owned by institutional investors and hedge funds.

Vroom Company Profile

Vroom, Inc operates as an automotive finance company. The company offers vehicle financing to its customers through third party dealers under the UACC brand. It also provides artificial intelligence powered analytics and digital services to dealers, automotive financial services companies, and others in the automotive industry for automotive retail.