Vroom Inc Down 7.09% To $15.00 After Earnings Miss

Vroom Inc (VRM) said after close Wednesday that it lost $80.51 per share in quarter four 2023.

On the revenue line, the company reported $235.9 million, beating estimates by $3.9 million.

In the same quarter a year ago, the company lost $0.61 per share on revenue of $209.3 million.

The stock is down 7.09% to $15.00 after the report.

The firm's higher revenue growth to earnings signals that the firm has not been able to reduce costs and has seen its profit margin decrease.

The average recommendation from Wall Street analysts was a Buy which may get revised based on this new data.

InvestorsObserver gives the stock a Bullish Sentiment score at the moment based on recent trading.

Prior to the report, InvestorsObserver gave the stock an overall score of 52. Meanwhile, the average Wall Street analyst rated the stock a Buy.

Vroom Inc is engaged in the business of buying and selling used vehicles through its e-commerce platform. The company functions in three segments namely, Ecommerce, which involves retail sales of used vehicles through the company's ecommerce platform and fees earned on sales of value-added products associated with those vehicles sales. The TDA reportable segment represents retail sales of used vehicles from TDA and fees earned on sales of value-added products associated with those vehicles sales. The wholesale reportable segment represents sales of used vehicles through wholesale auctions.