Vroom Completes Recapitalization Positions the Company for Long-Term Growth Vroom, Inc. (NASDAQ:VRM) today announced financial results for the fourth quarter and fiscal year ended December 31, 2024. HIGHLIGHTS OF FOURTH QUARTER AND FULL YEAR 2024 $57.5 million consolidated total cash and excess liquidity as of December 31, 2024 $29.3 million cash and cash equivalents as of December 31, 2024 $28.2 million of liquidity available to UACC under the warehouse credit facilities $(36.7) million and $(138.2) million net loss from continuing operations for the fourth quarter and full year, respectively $(18.2) million and $(83.4) million Adjusted EBITDA1 for the fourth quarter and ful

Vroom, Inc. (the "Company"), a leading automotive finance company and a data and AI-powered analytics and digital services platform supporting the automotive industry, today provided an update regarding the relisting of the Company's common stock on the Nasdaq Stock Market LLC and certain preliminary unaudited financial results for the fourth quarter 2024, following the Company's recapitalization of its previously issued unsecured convertible senior notes. Vroom has received approval for the relisting of its common stock on the Nasdaq Global Market under the ticker symbol VRM, with trading expected to commence on February 20, 2025 after the market opens. Vroom is also exploring the potent

Vroom, Inc. (the "Company"), a leading automotive finance company and a data, AI-powered analytics and digital services platform supporting the automotive industry, today provided an update on trading of the Company's common stock and warrants following the Company's emergence from its prepackaged Chapter 11 case on January 14, 2025. All post-emergence shares of common stock and warrants, reflecting the previously announced conversion ratio, were delivered by January 15th and should be visible in shareholder brokerage accounts. Vroom is working to resume trading on a national securities exchange. While an estimated opening date is currently not available, the Company is working expedi

Robert W. Baird downgraded Vroom from Outperform to Neutral and set a new price target of $2.00 from $3.00 previously

JP Morgan downgraded Vroom from Neutral to Underweight

William Blair downgraded Vroom from Outperform to Mkt Perform

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Vroom, Inc. (NASDAQ:VRM), a leading e-commerce platform for buying and selling used vehicles, today reported that on November 18, 2023, the Compensation Committee of Vroom's Board of Directors approved the grant of inducement restricted stock unit awards covering 96,925 shares of Vroom's common stock to 11 employees of Vroom and its affiliates to induce them to join as employees of Vroom and its affiliates. The awards were granted under Vroom's 2022 Inducement Award Plan, and generally vest in equal annual increments of 1/3 over the three-year period following their grant, subject to continued employment through each applicable vesting date. The awards were granted as employment inducement

Timothy M. Crow Replaces Outgoing Director Fred Terrell and Brings Decades of Human Capital Management and Corporate Leadership to the Board Vroom (www.vroom.com), a leading ecommerce platform for buying and selling used vehicles, today announced the appointment of Timothy M. Crow to its Board of Directors effective October 26, 2022. Mr. Crow will serve as a member of the Compensation Committee and the Nominating and Corporate Governance Committee of the Board. Mr. Crow is the CEO and Managing Director of Fernwood Holdings, a venture capital investment firm focused on hyper-growth innovators. Mr. Crow has led an accomplished career spanning more than 20 years in human capital management f

Robert Mylod to become Independent Executive Chair Vroom, Inc. (NASDAQ:VRM), a leading e-commerce platform for buying and selling used vehicles, today announced that its Board of Directors has appointed Tom Shortt, who previously served as the Company's Chief Operating Officer, as Chief Executive Officer and a member of Vroom's Board of Directors, effective immediately. He succeeds Paul Hennessy, who has stepped down to pursue other opportunities. Robert Mylod, the current Board Chair, will become Independent Executive Chair of the Board. Mr. Mylod said: "today's announcement is the culmination of a thoughtful succession planning process by the Board to ensure continuity of leadership whi

Vroom, Inc. (NASDAQ:VRM) today announced that it will release its financial results for the second quarter ending June 30, 2024, after the market closes on Thursday, August 8, 2024. About Vroom (NASDAQ:VRM) Vroom owns and operates United Auto Credit Corporation (UACC), a leading automotive lender serving the independent and franchise dealer market nationwide, and CarStory, a leader in AI-powered analytics and digital services for automotive retail. During fiscal 2023, Vroom also operated an end-to-end ecommerce platform to buy and sell used vehicles. Pursuant to its previously announced Value Maximization Plan, Vroom discontinued its ecommerce operations and wound down its used vehicle

Vroom, Inc. (NASDAQ:VRM) today announced that it will release its financial results for the first quarter ending March 31, 2024, after the market closes on Thursday, May 9, 2024. About Vroom (NASDAQ:VRM) Vroom owns and operates United Auto Credit Corporation (UACC), a leading automotive lender serving the independent and franchise dealer market nationwide, and CarStory, a leader in AI-powered analytics and digital services for automotive retail. During fiscal 2023, Vroom also operated an end-to-end ecommerce platform to buy and sell used vehicles. Pursuant to its previously announced Value Maximization Plan, Vroom is in the process of winding down its used vehicle dealership business.

Vroom, Inc. (NASDAQ:VRM) today announced that it will release its financial results for the fourth quarter and fiscal year ended December 31, 2023 after the market closes on Wednesday, March 13, 2024. About Vroom (NASDAQ:VRM) Vroom owns and operates United Auto Credit Corporation (UACC), a leading automotive lender serving the independent and franchise dealer market nationwide, and CarStory, a leader in AI-powered analytics and digital services for automotive retail. During fiscal 2023, Vroom also operated an end-to-end ecommerce platform to buy and sell used vehicles. Pursuant to its previously announced Value Maximization Plan, Vroom is in the process of winding down its used vehicle

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