Vroom (VRM) Tops Q1 EPS by 30c

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Go back to Vroom (VRM) Tops Q1 EPS by 30c

Vroom Exceeds Q1 Guidance Across All Key Financial Metrics; Vroom Announces Business Realignment Plan

May 9, 2022 4:31 PM EDT

 

NEW YORK--(BUSINESS WIRE)-- Vroom, Inc. (Nasdaq: VRM), a leading ecommerce platform for buying and selling used vehicles, today announced financial results for the first quarter ended March 31, 2022.

HIGHLIGHTS OF FIRST QUARTER 2022

19,473 ecommerce units sold, up 26% versus prior year Ecommerce revenue of $675.4 million, up 60% versus prior year Ecommerce gross profit of $34.3 million, up 8% versus prior year Completed the first auto loan securitization transaction

Thomas Shortt, Chief Executive Officer of Vroom, commented: The first quarter of 2022 surpassed our expectations... More