Vroom, Inc.
NASDAQ Global SelectCapital Structure
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in mil. unless spec.Working Capital
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in mil. unless spec.Growth Rates
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in mil. unless spec.Quarterly Revenue
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.Quarterly Dividends Per Share
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in mil. unless spec.- CEO
- Thomas H. Shortt
- Full Time Employees
- 704
- Sector
- Consumer Cyclical
- Industry
- Auto - Dealerships
- Address
- 1375 Broadway New York City NY United States of America 10018
- IPO Date
- Jun 9, 2020
- CIK
- 0001580864
- Website
- vroom.com
- Similar Companies
- Business
- Vroom, Inc. (VRM) operates as an innovative e-commerce platform for the automotive retail sector, facilitating the online purchase, sale, and financing of pre-owned vehicles. The company provides a comprehensive suite of services including vehicle sourcing and inspection through its proprietary network; end-to-end online buying experiences with home delivery or pickup options; vehicle reconditioning and certification processes; flexible financing solutions via its in-house lenders; and nationwide vehicle selling services for consumers and dealers. Vroom targets individual consumers, wholesale buyers, and automotive dealerships across the United States, with primary operations spanning major metropolitan areas from its headquarters in Houston, Texas, founded in 2013. In recent developments, Vroom underwent a major strategic shift in 2024 by winding down its direct-to-consumer e-commerce operations and pivoting to focus on its wholesale and fee-for-service businesses, including vehicle remarketing through United Auto Credit Corporation (UACC), its financing arm. This reorganization included the sale of its retail inventory and a significant reduction in workforce to streamline costs amid challenging market conditions in used car sales. Additionally, the company continues to leverage its technology platform for logistics, inspection, and data analytics services offered to third-party partners.
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