In yesterday’s Wall Street session, Vroom Inc. (NASDAQ:VRM) shares traded at $0.70, down -5.27% from the previous session.
4 analysts cover Vroom Inc. (NASDAQ:VRM), according to research data. The consensus rating among analysts is ‘Hold’. As we calculate the median target price by taking the range between a high of $1.00 and a low of $1.00, we find $1.00. Given the previous closing price of $0.74, this indicates a potential upside of 35.14 percent. VRM stock price is now -28.92% away from the 50-day moving average and -39.16% away from the 200-day moving average. The market capitalization of the company currently stands at $97.56M.
The stock has received a hold rating from 4 analysts and a buy rating from 0. Brokers who have rated the stock have averaged $1.00 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, Zakowicz Agnieszka, Principal Accounting Officer sold 152 shares of the company’s stock on Oct 16. The stock was sold for $154 at an average price of $1.01. Upon completion of the transaction, the Principal Accounting Officer now directly owns 371,650 shares in the company, valued at $0.26 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Sep 15, Chief Financial Officer Krakowiak Robert R. sold 7,399 shares of the business’s stock. A total of $9,600 was realized by selling the stock at an average price of $1.30. This leaves the insider owning 1,362,927 shares of the company worth $0.95 million. Insiders disposed of 97,840 shares of company stock worth roughly $68488.0 over the past 1 year. A total of 13.54% of the company’s stock is owned by insiders.
On Tuesday morning Vroom Inc. (NASDAQ: VRM) stock kicked off with the opening price of $0.7293. During the past 12 months, Vroom Inc. has had a low of $0.72 and a high of $2.82. As of last week, the company has a debt-to-equity ratio of 4.89, a current ratio of 1.23, and a quick ratio of 0.94. The fifty day moving average price for VRM is $0.9821 and a two-hundred day moving average price translates $1.1473 for the stock.
The latest earnings results from Vroom Inc. (NASDAQ: VRM) was released for Sep, 2023. According to the Auto & Truck Dealerships Company, earnings per share came in at -$0.59, missing analysts’ expectations of -$0.45 by -0.14. This compares to -$0.37 EPS in the same period last year. The net profit margin was -23.01% and return on equity was -56.71% for VRM. The company reported revenue of $235.63 million for the quarter, compared to $340.8 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -30.86 percent. For the current quarter, analysts expect VRM to generate $250.3M 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.
