Key Points
- Vroom director Mudrick Capital Management bought 15,595 shares on Monday at an average price of $7.22 each, a transaction worth about $112,596.
- The purchase lifted the director’s holdings to nearly 3.98 million shares, a 0.39% increase in the position.
- Vroom’s stock was trading lower at $7.88, while the company continues to face weak fundamentals, including a recent quarterly loss of $3.77 per share and a consensus analyst rating of Sell.
Vroom, Inc. (NASDAQ:VRM - Get Free Report) Director Mudrick Capital Management, L. bought 15,595 shares of the business's stock in a transaction that occurred on Monday, June 15th. The stock was acquired at an average cost of $7.22 per share, with a total value of $112,595.90. Following the completion of the acquisition, the director owned 3,982,846 shares of the company's stock, valued at $28,756,148.12. This represents a 0.39% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.
Vroom Trading Down 3.7%
VRM stock opened at $7.88 on Wednesday. The firm has a fifty day moving average price of $12.78 and a 200 day moving average price of $16.15. Vroom, Inc. has a fifty-two week low of $7.22 and a fifty-two week high of $34.99. The company has a debt-to-equity ratio of 6.16, a quick ratio of 5.58 and a current ratio of 5.58. The firm has a market cap of $41.04 million, a PE ratio of -0.62 and a beta of 1.20.
Vroom (NASDAQ:VRM - Get Free Report) last posted its earnings results on Friday, May 15th. The company reported ($3.77) earnings per share for the quarter. Vroom had a negative net margin of 37.16% and a negative return on equity of 51.07%. The business had revenue of $37.62 million during the quarter.
Wall Street Analysts Forecast Growth
Separately, Weiss Ratings reaffirmed a "sell (e+)" rating on shares of Vroom in a research note on Friday, May 29th. One analyst has rated the stock with a Sell rating, According to data from MarketBeat, Vroom presently has an average rating of "Sell".
Get Our Latest Report on Vroom
Institutional Inflows and Outflows
Several institutional investors and hedge funds have recently bought and sold shares of VRM. Geode Capital Management LLC purchased a new position in Vroom during the second quarter worth $594,000. New York State Common Retirement Fund purchased a new position in Vroom during the second quarter worth $103,000. General Catalyst Group Management LLC purchased a new position in Vroom during the second quarter worth $218,000. JPMorgan Chase & Co. boosted its stake in Vroom by 129.5% during the third quarter. JPMorgan Chase & Co. now owns 1,368 shares of the company's stock worth $37,000 after buying an additional 772 shares during the period. Finally, Russell Investments Group Ltd. purchased a new position in Vroom during the third quarter worth $47,000. 25.79% of the stock is owned by hedge funds and other institutional investors.
Vroom Company Profile
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Get Free Report)
Vroom, Inc operates as an automotive finance company. The company offers vehicle financing to its customers through third party dealers under the UACC brand. It also provides artificial intelligence powered analytics and digital services to dealers, automotive financial services companies, and others in the automotive industry for automotive retail. The company was formerly known as Auto America, Inc and changed its name to Vroom, Inc in July 2015. Vroom, Inc was incorporated in 2012 and is based in Houston, Texas.
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