Truist downgraded Vroom from Buy to Hold
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| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 11/22/2022 | $3.00 → $2.00 | Outperform → Neutral | Robert W. Baird |
| 8/15/2022 | Neutral → Underweight | JP Morgan | |
| 4/28/2022 | Outperform → Mkt Perform | William Blair | |
| 3/2/2022 | $10.00 → $4.00 | Buy → Hold | Stifel |
| 3/1/2022 | Buy → Hold | Truist | |
| 3/1/2022 | $6.00 | Overweight → Equal-Weight | Wells Fargo |
| 1/20/2022 | $13.00 | Sector Weight → Overweight | Keybanc |
| 12/7/2021 | $15.00 | Overweight → Neutral | JP Morgan |
Reaches an Agreement to Recapitalize Debt Positions the Company for Long-Term Growth Vroom, Inc. (NASDAQ:VRM) today announced financial results for the third quarter ended September 30, 2024. HIGHLIGHTS OF THIRD QUARTER 2024 $51.1 million cash and cash equivalents as of September 30, 2024 $32.9 million of liquidity available to UACC under the warehouse credit facilities $(37.7) million net loss from continuing operations $(25.5) million Adjusted EBITDA1 Entered into an agreement to restructure $290 million of unsecured convertible notes, into equity through a prepackaged Chapter 11 case. Tom Shortt, the Company's Chief Executive Officer, said, "Since winding down our
Positions the Company for Long-Term Growth Vroom, Inc. (NASDAQ:VRM), a leading automotive finance company and an AI-powered analytics and digital services platform for automotive retail, today announced that it has made the strategic decision to enter into a Restructuring Support Agreement (RSA) with holders of an overwhelming majority of its outstanding funded debt and its largest stockholder. The parties to the RSA have agreed to pursue a comprehensive transaction that will restructure Vroom, Inc.'s outstanding funded debt, consisting of approximately $290 million of unsecured convertible senior notes due in 2026 (Notes), into equity. Vroom, Inc. is the holding company of operating subs
Vroom, Inc. (NASDAQ:VRM) today released an investor presentation (the "Investor Presentation") which includes the Company's long-term strategic plan and key initiatives. A copy of the Investor Presentation is available at ir.vroom.com. On January 22, 2024, the Company announced a Value Maximization Plan, pursuant to which the Company discontinued its ecommerce operations and wound down its used vehicle dealership. Since the announcement in January, the Company has been focused on building a long-term strategic plan leveraging its remaining assets to improve the profitability of the business. About Vroom (NASDAQ:VRM) Vroom owns and operates United Auto Credit Corporation (UACC), a leading
3 - Vroom, Inc. (0001580864) (Issuer)
4 - Vroom, Inc. (0001580864) (Issuer)
4 - Vroom, Inc. (0001580864) (Issuer)
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
8-K - Vroom, Inc. (0001580864) (Filer)
10-Q - Vroom, Inc. (0001580864) (Filer)
8-K - Vroom, Inc. (0001580864) (Filer)
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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SC 13G/A - Vroom, Inc. (0001580864) (Subject)
SC 13G/A - Vroom, Inc. (0001580864) (Subject)
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