Vroom (NASDAQ:VRM) Announces Earnings Results

Vroom (NASDAQ:VRM) released its quarterly earnings data on Thursday. The company reported ($1.95) EPS for the quarter, Zacks reports. The company had revenue of $43.92 million during the quarter. Vroom had a negative return on equity of 32.29% and a negative net margin of 18.05%.

Vroom Price Performance

Shares of VRM stock traded down $0.78 during mid-day trading on Friday, hitting $11.57. 4,081 shares of the stock were exchanged, compared to its average volume of 23,436. Vroom has a 52-week low of $9.04 and a 52-week high of $41.36. The company has a quick ratio of 3.33, a current ratio of 3.33 and a debt-to-equity ratio of 3.97. The company has a market cap of $60.15 million, a PE ratio of -0.42 and a beta of 1.26. The firm has a fifty day moving average of $16.00 and a 200 day moving average of $20.93.

Hedge Funds Weigh In On Vroom

A number of large investors have recently bought and sold shares of the business. Geode Capital Management LLC acquired a new stake in Vroom in the second quarter valued at approximately $594,000. General Catalyst Group Management LLC acquired a new position in shares of Vroom during the 2nd quarter worth approximately $218,000. New York State Common Retirement Fund purchased a new position in shares of Vroom during the 2nd quarter valued at approximately $103,000. Russell Investments Group Ltd. purchased a new position in shares of Vroom during the 3rd quarter valued at approximately $47,000. Finally, JPMorgan Chase & Co. grew its stake in Vroom by 129.5% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,368 shares of the company’s stock valued at $37,000 after acquiring an additional 772 shares during the period. Institutional investors and hedge funds own 25.79% of the company’s stock.

Analyst Ratings Changes

Separately, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Vroom in a report on Monday, December 29th. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the company presently has a consensus rating of “Sell”.

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. The company was formerly known as Auto America, Inc and changed its name to Vroom, Inc in July 2015. Vroom, Inc was incorporated in 2012 and is based in Houston, Texas.