Vroom (NASDAQ:VRM) Releases Earnings Results

Vroom (NASDAQ:VRM) released its quarterly earnings data on Thursday. The company reported ($1.95) EPS for the quarter, Zacks reports. Vroom had a negative return on equity of 32.29% and a negative net margin of 18.05%.The company had revenue of $43.92 million during the quarter.

Vroom Trading Down 4.6%

NASDAQ:VRM traded down $0.57 during midday trading on Friday, reaching $11.78. 4,081 shares of the stock traded hands, compared to its average volume of 23,436. The stock has a market capitalization of $61.26 million, a P/E ratio of -0.43 and a beta of 1.26. The company has a debt-to-equity ratio of 3.97, a quick ratio of 3.33 and a current ratio of 3.33. The company has a fifty day moving average of $16.00 and a 200 day moving average of $20.93. Vroom has a 12 month low of $9.04 and a 12 month high of $41.36.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the business. Geode Capital Management LLC purchased a new stake in Vroom in the 2nd quarter worth approximately $594,000. New York State Common Retirement Fund purchased a new position in Vroom during the 2nd quarter valued at $103,000. General Catalyst Group Management LLC purchased a new position in Vroom during the 2nd quarter valued at $218,000. JPMorgan Chase & Co. boosted its stake in shares of Vroom by 129.5% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,368 shares of the company’s stock valued at $37,000 after purchasing an additional 772 shares in the last quarter. Finally, Russell Investments Group Ltd. purchased a new position in shares of Vroom during the third quarter valued at about $47,000. Hedge funds and other institutional investors own 25.79% of the company’s stock.

Analysts Set New Price Targets

Separately, Weiss Ratings restated a “sell (d-)” rating on shares of Vroom in a research report on Monday, December 29th. One analyst has rated the stock with a Sell rating, According to MarketBeat, Vroom has an average rating of “Sell”.

Vroom Company Profile

Vroom, Inc operates as an automotive finance company. The company offers vehicle financing to its customers through third party dealers under the UACC brand. It also provides artificial intelligence powered analytics and digital services to dealers, automotive financial services companies, and others in the automotive industry for automotive retail. 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.