Vroom (VRM) Misses Q3 EPS by 8c, Revenue Misses

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Go back to Vroom (VRM) Misses Q3 EPS by 8c, Revenue Misses

Vroom Announces Record Ecommerce Gross Profit Per Unit of $4,206

November 7, 2022 4:35 PM EST

Continued 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 third quarter ended September 30, 2022.

HIGHLIGHTS OF THIRD QUARTER 2022 VERSUS SECOND QUARTER 2022

Ecommerce gross profit per unit of $4,206, up 16% SG&A expenses decreased $18.3 million Net loss improved from $(115.1) million to $(51.1) million Adjusted EBITDA improved from $(85.6) million to $(73.3) million Adjusted EBITDA excluding non-recurring costs improved from $(77.3) million to $(57.5)... More