Vroom Announces Second Quarter 2024 Results
Vroom, Inc. (VRM)
Company Research
Source: Business Wire
Continued Progress on Operational Initiatives and Improved Portfolio Performance at UACC NEW YORK--(BUSINESS WIRE)--Vroom, Inc. (Nasdaq:VRM) today announced financial results for the second quarter ended June 30, 2024.HIGHLIGHTS OF SECOND QUARTER 2024$63.4 million cash and cash equivalents as of June 30, 2024$34.0 million of liquidity available to UACC under the warehouse credit facilities$(19.1) million net loss from continuing operations$(7.5) million Adjusted EBITDASuccessfully Completed UACC Securitization Transaction in April 2024Tom Shortt, the Company’s Chief Executive Officer, said “Overall, I am pleased with our second quarter 2024 results. We grew origination volume and our serviced loan portfolio year over year, while continuing to focus on portfolio performance. We currently expect originations since early 2023 to perform at pre-pandemic levels, and are beginning to see positive impacts of our prior decision to tighten credit, resulting in improvements in credit losses
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VRM
News
- Vroom Released Long-term Strategic PlanBusiness Wire
- Vroom to Release Second Quarter 2024 Earnings on August 8, 2024Business Wire
VRM
Earnings
- 11/7/23 - Miss
VRM
Sec Filings
- 9/23/24 - Form 8-K
- 8/30/24 - Form 3
- 8/8/24 - Form S-8
- VRM's page on the SEC website