Vroom (VRM) Tops Q2 EPS by 36c, Revenues Beat

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Go back to Vroom (VRM) Tops Q2 EPS by 36c, Revenues Beat

Vroom Reports Second Quarter 2020 Results

August 12, 2020 4:17 PM EDT

Vroom Delivers Ahead of Growth Plan

Ecommerce Unit Sales Up 74%

NEW YORK, Aug. 12, 2020 (GLOBE NEWSWIRE) -- Vroom, Inc. (NASDAQ: VRM), a leading e-commerce platform for buying and selling used vehicles, today announced financial results for the second quarter ended June 30, 2020 (Q2 2020).

HIGHLIGHTS OF SECOND QUARTER 2020

6,713 Ecommerce units sold, 1,110 TDA units sold, 3,259 Wholesale units soldRevenue of $253.1 millionGross profit of $7.6 millionAdjusted EBITDA of $(39.0) million(a)Loss from operations of $(41.4) millionAdjusted... More