Vroom (NASDAQ:VRM) Trading Up 3.8%

Vroom, Inc. (NASDAQ:VRM)’s stock price was up 3.8% during trading on Friday . The company traded as high as $11.36 and last traded at $11.36. Approximately 30,741 shares traded hands during trading, a decline of 80% from the average daily volume of 150,310 shares. The stock had previously closed at $10.94.

Vroom Stock Up 3.8 %

The stock’s fifty day moving average is $12.24 and its 200 day moving average is $39.26. The company has a current ratio of 1.11, a quick ratio of 0.92 and a debt-to-equity ratio of 3.72. The company has a market capitalization of $20.33 million, a P/E ratio of -0.05 and a beta of 1.93.

Vroom (NASDAQ:VRM) last posted its quarterly earnings results on Wednesday, March 13th. The company reported ($80.51) EPS for the quarter. The firm had revenue of $235.92 million for the quarter. Vroom had a negative net margin of 40.92% and a negative return on equity of 130.45%.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the stock. QCM Cayman Ltd. purchased a new stake in shares of Vroom in the 3rd quarter worth about $36,000. Summit Trail Advisors LLC purchased a new stake in shares of Vroom in the 3rd quarter worth about $56,000. Price T Rowe Associates Inc. MD grew its position in shares of Vroom by 88.2% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 85,800 shares of the company’s stock worth $52,000 after buying an additional 40,200 shares during the period. Colony Group LLC purchased a new stake in shares of Vroom in the 2nd quarter worth about $47,000. Finally, Captrust Financial Advisors grew its position in shares of Vroom by 1,142.7% in the 1st quarter. Captrust Financial Advisors now owns 17,162 shares of the company’s stock worth $46,000 after buying an additional 15,781 shares during the period. 25.79% of the stock is owned by hedge funds and other institutional investors.

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.