Vroom (VRM) Scheduled to Post Quarterly Earnings on Monday

Vroom (NASDAQ:VRMGet Rating) is scheduled to release its earnings data after the market closes on Monday, August 8th. Analysts expect Vroom to post earnings of ($0.77) per share for the quarter. Persons interested in listening to the company’s earnings conference call can do so using this link.

Vroom (NASDAQ:VRMGet Rating) last posted its quarterly earnings results on Monday, May 9th. The company reported ($0.71) EPS for the quarter, beating the consensus estimate of ($1.03) by $0.32. The business had revenue of $923.50 million during the quarter, compared to analysts’ expectations of $878.18 million. Vroom had a negative return on equity of 41.73% and a negative net margin of 17.18%. The company’s quarterly revenue was up 56.2% compared to the same quarter last year. During the same period last year, the firm earned ($0.57) EPS. On average, analysts expect Vroom to post $-3 EPS for the current fiscal year and $-2 EPS for the next fiscal year.

Vroom Stock Up 28.9 %

VRM opened at $2.32 on Friday. The company has a debt-to-equity ratio of 1.13, a current ratio of 1.83 and a quick ratio of 1.10. The business has a 50 day simple moving average of $1.45 and a 200-day simple moving average of $2.89. The stock has a market capitalization of $320.32 million, a P/E ratio of -0.53 and a beta of 1.85. Vroom has a 12 month low of $1.03 and a 12 month high of $39.48.

Analysts Set New Price Targets

Several research firms have recently commented on VRM. Wedbush reissued an “outperform” rating on shares of Vroom in a report on Tuesday, May 10th. Stifel Nicolaus dropped their price objective on Vroom from $2.00 to $1.50 in a research note on Tuesday, June 28th. Finally, William Blair downgraded Vroom from an “outperform” rating to a “market perform” rating in a research note on Thursday, April 28th. Six analysts have rated the stock with a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $16.28.

Institutional Investors Weigh In On Vroom

Several hedge funds have recently made changes to their positions in the business. MAS Advisors LLC acquired a new position in shares of Vroom during the first quarter worth about $29,000. Brighton Jones LLC acquired a new position in shares of Vroom during the first quarter worth about $29,000. Cetera Investment Advisers acquired a new position in shares of Vroom during the first quarter worth about $35,000. Raymond James Financial Services Advisors Inc. acquired a new position in shares of Vroom during the first quarter worth about $41,000. Finally, Delphia USA Inc. acquired a new position in shares of Vroom during the first quarter worth about $41,000. Institutional investors and hedge funds own 83.92% of the company’s stock.

About Vroom

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Vroom, Inc operates as an e-commerce used automotive retailer in the United States. It operates end-to-end ecommerce platform for buying, selling, transporting, reconditioning, pricing, financing, registering, and delivering vehicles. The company was formerly known as Auto America, Inc and changed its name to Vroom, Inc in July 2015.

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Earnings History for Vroom (NASDAQ:VRM)

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