Baird Downgrades Vroom (VRM) to Neutral

(Updated - November 22, 2022 7:33 AM EST)

Baird analyst Colin Sebastian downgraded Vroom (NASDAQ: VRM) from Outperform to Neutral with a price target of $2.00.

The analyst comments "Vroom (VRM) — downgrading to Neutral, $2 PT: We recognize the company is making progress right-sizing operations and improving unit profitability, but longer-term secular growth opportunities are overshadowed for now by macro pressures and potential recession."

For an analyst ratings summary and ratings history on Vroom click here. For more ratings news on Vroom click here.

Shares of Vroom closed at $1.20 yesterday.

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