In yesterday’s Wall Street session, Vroom Inc. (NASDAQ:VRM) shares traded at $1.25, up 3.31% from the previous session.
As of this writing, 6 analysts cover Vroom Inc. (NASDAQ:VRM). The consensus rating among analysts is ‘Hold’. As we calculate the median target price by taking the range between a high of $1.25 and a low of $1.00, we find $1.00. Given the previous closing price of $1.21, this indicates a potential downside of -17.36 percent. VRM stock price is now -26.86% away from the 50-day moving average and 7.55% away from the 200-day moving average. The market capitalization of the company currently stands at $171.46M.
There are 6 analysts who have given it a hold rating, whereas 0 have given it a buy rating. Brokers who have rated the stock have averaged $1.06 as their price target over the next twelve months.
With the price target reduced from $3 to $2, Robert W. Baird Downgraded its rating from Outperform to Neutral for Vroom Inc. (NASDAQ: VRM).
In other news, MYLOD ROBERT J JR, Director bought 500,000 shares of the company’s stock on May 25. The stock was bought for $379,000 at an average price of $0.76. Upon completion of the transaction, the Director now directly owns 970,138 shares in the company, valued at $1.21 million. An SEC document containing details of the transaction can be found on the SEC’s website. On May 22, Principal Accounting Officer Zakowicz Agnieszka sold 6,131 shares of the business’s stock. A total of $4,731 was realized by selling the stock at an average price of $0.77. This leaves the insider owning 371,802 shares of the company worth $0.46 million. Insiders disposed of 102,646 shares of company stock worth roughly $0.13 million over the past 1 year. A total of 0.80% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in VRM stock. A new stake in Vroom Inc. shares was purchased by GSA CAPITAL PARTNERS LLP during the first quarter worth $958,000. BRIDGEWAY CAPITAL MANAGEMENT, LLC invested $121,000 in shares of VRM during the first quarter. In the first quarter, SEQUOIA FINANCIAL ADVISORS, LLC acquired a new stake in Vroom Inc. valued at approximately $104,000. CANDRIAM S.C.A. acquired a new stake in VRM for approximately $91,000. GTS SECURITIES LLC purchased a new stake in VRM valued at around $66,000 in the second quarter. In total, there are 113 active investors with 32.30% ownership of the company’s stock.
Tuesday morning saw Vroom Inc. (NASDAQ: VRM) opened at $1.1900. During the past 12 months, Vroom Inc. has had a low of $0.73 and a high of $2.82. As of last week, the company has a debt-to-equity ratio of 2.69, a current ratio of 1.30, and a quick ratio of 1.00. The fifty day moving average price for VRM is $1.7088 and a two-hundred day moving average price translates $1.1639 for the stock.
The latest earnings results from Vroom Inc. (NASDAQ: VRM) was released for Jun, 2023. According to the Auto & Truck Dealerships Company, earnings per share came in at -$0.48, beating analysts’ expectations of -$0.57 by 0.09. This compares to -$0.83 EPS in the same period last year. The net profit margin was -17.30% and return on equity was -40.40% for VRM. The company reported revenue of $225.18 million for the quarter, compared to $475.44 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -52.64 percent. For the current quarter, analysts expect VRM to generate $247.54M in revenue.
Vroom Inc.(VRM) Company Profile
Vroom, Inc. operates an end-to-end ecommerce platform for buying and selling vehicles. The company operates through three segments: Ecommerce, Wholesale, and Retail Financing segments. It also offers digital retailing services to dealers, automotive financial services companies, and others in the automotive industry; and vehicle financing solutions. 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.
