Robert Mylod, Jr. Sells 13,171 Shares of Vroom (NASDAQ:VRM) Stock

Vroom, Inc. (NASDAQ:VRM) Director Robert Mylod, Jr. sold 13,171 shares of Vroom stock in a transaction on Monday, June 15th. The shares were sold at an average price of $7.22, for a total value of $95,094.62. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

Vroom Stock Up 35.8%

NASDAQ VRM traded up $2.82 on Wednesday, reaching $10.70. 693,609 shares of the stock traded hands, compared to its average volume of 15,057. The company has a debt-to-equity ratio of 6.16, a quick ratio of 5.58 and a current ratio of 5.58. The company has a fifty day moving average price of $12.78 and a 200-day moving average price of $16.15. The company has a market cap of $55.73 million, a price-to-earnings ratio of -0.84 and a beta of 1.20. Vroom, Inc. has a 12 month low of $7.22 and a 12 month high of $34.99.

Vroom (NASDAQ:VRM) last issued its earnings results on Friday, May 15th. The company reported ($3.77) earnings per share for the quarter. The firm had revenue of $37.62 million for the quarter. Vroom had a negative net margin of 37.16% and a negative return on equity of 51.07%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. JPMorgan Chase & Co. grew its stake in Vroom by 129.5% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,368 shares of the company’s stock worth $37,000 after buying an additional 772 shares during the last quarter. Russell Investments Group Ltd. purchased a new stake in shares of Vroom in the third quarter worth about $47,000. New York State Common Retirement Fund purchased a new stake in shares of Vroom in the second quarter worth about $103,000. General Catalyst Group Management LLC purchased a new stake in shares of Vroom in the second quarter worth about $218,000. Finally, Geode Capital Management LLC purchased a new stake in shares of Vroom in the second quarter worth about $594,000. 25.79% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Vroom in a research report on Friday, May 29th. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the company currently has a consensus 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.