Vroom Announces Third Quarter 2024 Results
Vroom, Inc. (VRM)
Company Research
Source: Business Wire
Reaches an Agreement to Recapitalize DebtPositions the Company for Long-Term Growth NEW YORK--(BUSINESS WIRE)--Vroom, Inc. (Nasdaq:VRM) today announced financial results for the third quarter ended September 30, 2024.HIGHLIGHTS OF THIRD QUARTER 2024$51.1 million cash and cash equivalents as of September 30, 2024$32.9 million of liquidity available to UACC under the warehouse credit facilities$(37.7) million net loss from continuing operations$(25.5) million Adjusted EBITDA1Entered into an agreement to restructure $290 million of unsecured convertible notes, into equity through a prepackaged Chapter 11 case.Tom Shortt, the Company’s Chief Executive Officer, said, “Since winding down our ecommerce used automotive dealer business, we have been focused on maximizing the value of our remaining assets for our stakeholders. We believe eliminating our unsecured notes will significantly strengthen our balance sheet and allow us to emerge without any long-term debt at Vroom, Inc., while its
Show less
Read more
Impact Snapshot
Event Time:
VRM
Last Price
Price Change
Price Change%
Volume Shares
Max Up
Max Down
%
Volume Ratio
Performance Comparison
Updated
|
Event Day
Stock performance from the time of news release until the following 4pm ET market close
|
Last price at news event
|
Since Event
Multi-day stock performance from the time of the news release
|
|---|---|---|
|
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
|
LAST
PRICE AT NEWS EVENT |
SINCE EVENT
Multi-day stock performance from the time of the news release
|
| Last Price | ||
| VWAP | ||
|
High:
|
Max Up |
High:
|
|
Low:
|
Max Down |
Low:
|
|
%
|
Post news range |
%
|
|
|
Price change |
|
|
|
Price Change Percentage |
|
|
|
S&P 500 (SPX) |
|
|
%
|
Volume ratio |
%
|
| Volume | ||
| Ticks | ||
|
|
Avg transaction size |
|
Don't Miss Out On The Next BIG Stock Move
Event day
Event Day Chart will not be displayed beyond 90-day period of the event
Performance since event
Time And Velocity Analysis
Be the first to know
Opt in for alerts from News Quantifed
Sign Up Today
Opt-in for
VRM alerts
Learn More With NQ
Reading the Impact Report
Help Me Understand This Data
Help Me Understand This Data
How NQ Works
What is news-based trading?
And why is it so successful?
And why is it so successful?
Movers & Shakers
The biggest gainers and losers and WHY it moved
VRM alerts
High impacting Vroom, Inc. news events
Weekly update
A roundup of the hottest topics
VRM
News
- Car Financing Firm Vroom Files for Chapter 11 in Texas [Yahoo! Finance Canada]Yahoo! Finance Canada
- Vroom Announces Equity-for-Debt RecapitalizationBusiness Wire
VRM
Sec Filings
- 12/2/24 - Form 4
- 11/26/24 - Form 8-K
- 11/14/24 - Form SC
- VRM's page on the SEC website