Vroom (NASDAQ:VRM) Releases Quarterly Earnings Results

Vroom (NASDAQ:VRM) released its quarterly earnings data on Thursday. The company reported ($1.95) earnings per share for the quarter, Zacks reports. Vroom had a negative net margin of 4.45% and a negative return on equity of 4.25%. The company had revenue of $43.92 million during the quarter.

Vroom Stock Performance

Shares of VRM opened at $11.65 on Friday. 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 stock has a 50 day moving average price of $15.87 and a two-hundred day moving average price of $20.82. The firm has a market capitalization of $60.58 million, a P/E ratio of -0.43 and a beta of 1.26. Vroom has a 52 week low of $9.04 and a 52 week high of $41.36.

Analyst Ratings Changes

Separately, Weiss Ratings restated a “sell (d-)” rating on shares of Vroom in a report on Monday, December 29th. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, Vroom has a consensus rating of “Sell”.

Institutional Inflows and Outflows

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

About Vroom

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.