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 (VRM) Reports Q3 Net Loss of $51.1M

November 7, 2022 4:35 PM EST

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 millionNet loss improved from $(115.1) million to $(51.1) millionAdjusted EBITDA improved from $(85.6) million to $(73.3) millionAdjusted EBITDA excluding non-recurring costs improved from $(77.3) million to $(57.5) million

Tom Shortt, Chief Executive Officer of Vroom, commented: We continued to make progress on our three... More