Vroom Inc. Stock News

Automotive finance company and digital services platform Vroom filed for Chapter 11 bankruptcy Wednesday (Nov. 13), saying in a filing with the Securities and Exchange Commission (SEC) that it plans to operate its business as a “debtor-in-possession” under the jurisdiction of the bankruptcy court.

NEW YORK--(BUSINESS WIRE)--Vroom, Inc. (Nasdaq:VRM) today announced financial results for the third quarter ended September 30, 2024. HIGHLIGHTS OF THIRD QUARTER 2024 $51.1 million cash and cash equivalents as of September 30, 2024 $32.9 million of liquidity available to UACC under the warehouse credit facilities $(37.7) million net loss from continuing operations $(25.5) million Adjusted EBITD...

NEW YORK--(BUSINESS WIRE)--Vroom, Inc. (Nasdaq: VRM), a leading automotive finance company and an AI-powered analytics and digital services platform for automotive retail, today announced that it has made the strategic decision to enter into a Restructuring Support Agreement (RSA) with holders of an overwhelming majority of its outstanding funded debt and its largest stockholder. The parties to...

In a move to redefine its future, used car digital marketplace Vroom on Tuesday (Sept. 23) said it completed the wind-down of its eCommerce and used vehicle dealership operations and released a long-term strategic plan leveraging its assets like United Auto Credit Corporation (UACC), a leading automotive finance company; and CarStory, a leader in AI-powered analytics and digital services for au...

NEW YORK--(BUSINESS WIRE)--Vroom, Inc. (Nasdaq: VRM) today released an investor presentation (the “Investor Presentation”) which includes the Company's long-term strategic plan and key initiatives. A copy of the Investor Presentation is available at ir.vroom.com. On January 22, 2024, the Company announced a Value Maximization Plan, pursuant to which the Company discontinued its ecommerce operat...

A look at the day ahead in Asian markets.

WOODBURY, Minn.--(BUSINESS WIRE)--Patron Points (www.patronpoints.com), a leader in convenience store loyalty and mobile app development has partnered with Vroom Delivery (www.vroomdelivery.tech), a digital commerce platform for convenience stores, to offer single sign-on age verification across their platforms. With this partnership, a customer is able to age verify one time in their convenien...

Earnings were everywhere this past week, propelling the CE 100 Index 4.7% higher, and any losses seen among our names were negligible.  In fact, most of those declining stocks slipped less than 1%, except Tencent, which was down double digits.