Vroom (VRM) Reports In-Line Q2 EPS

Vroom (NASDAQ: VRM) reported Q2 EPS of ($0.48), in-line with the analyst estimate of ($0.48). Revenue for the quarter came in at $761.89 million versus the consensus estimate of $637.99 million.

Paul Hennessy, Chief Executive Officer of Vroom, commented:

“Vroom had an outstanding second quarter. We drove strong expansion in units and gross profit per unit. Ecommerce gross profit per unit continued its upward trajectory, growing $664 (+32%) quarter over quarter, as we continue to execute against our expansion plans in a favorable yet dynamic pricing environment. Our ecommerce units accelerated as our offering to consumers continues to resonate. Moving forward, we intend to continue to scale our capacity and efficiency ahead of growing demand with investments across our business, particularly in logistics, where we are ahead of schedule compared to our initial targets. We will also continue to strive for a frictionless ecommerce checkout experience to drive a compelling customer proposition and improved unit economics over time.”

GUIDANCE:

Vroom sees Q3 2021 EPS of ($0.78)-($0.73), versus the consensus of ($0.47). Vroom sees Q3 2021 revenue of $858-891 million, versus the consensus of $690.6 million.

For earnings history and earnings-related data on Vroom (VRM) click here.

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