Vroom (VRM) Tops Q2 EPS by 2c

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Go back to Vroom (VRM) Tops Q2 EPS by 2c

Vroom Announces Record Ecommerce Gross Profit Per Unit of $3,629

August 8, 2022 4:05 PM EDT

Substantial Progress on Long-Term Roadmap

NEW YORK--(BUSINESS WIRE)-- Vroom, Inc. (Nasdaq: VRM), a leading ecommerce platform for buying and selling used vehicles, today announced financial results for the second quarter ended June 30, 2022.

HIGHLIGHTS OF SECOND QUARTER 2022 VERSUS FIRST QUARTER 2022

Ecommerce gross profit per unit of $3,629, up 106% SG&A expenses decreased $35.0 million Net loss improved from $310.5 million to $115.1 million Adjusted EBITDA loss improved from $107.4 million to $85.6 million

Tom Shortt, Chief Executive Officer of Vroom, commented: The second... More