The Latest Breaking News from Vroom

Although analysts’ consensus rating for auto dealership Vroom is generally positive, investors need to exercise extreme caution regarding VRM stock.

Although analysts’ consensus rating for auto dealership Vroom is generally positive, investors need to exercise extreme caution regarding VRM stock.

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)…

Analysts have provided the following ratings for Vroom (NASDAQ:VRM) within the last quarter:

Vroom (NASDAQ:VRM) brought in sales totaling $934.49 million during Q4 according to data provided by Benzinga Pro. However, earnings decreased 32.28%, resulting in a loss of $129.79 million.