Vroom, Inc. (NASDAQ:VRM – Free Report) – Research analysts at William Blair upped their Q3 2023 EPS estimates for shares of Vroom in a report issued on Wednesday, August 9th. William Blair analyst S. Zackfia now forecasts that the company will post earnings of ($0.46) per share for the quarter, up from their previous estimate of ($0.49). The consensus estimate for Vroom’s current full-year earnings is ($1.88) per share. William Blair also issued estimates for Vroom’s Q4 2023 earnings at ($0.43) EPS, FY2023 earnings at ($1.91) EPS and FY2024 earnings at ($1.68) EPS.
Vroom Stock Up 1.4 %
Shares of NASDAQ:VRM opened at $1.43 on Monday. Vroom has a 52-week low of $0.73 and a 52-week high of $2.82. The company has a quick ratio of 1.01, a current ratio of 1.33 and a debt-to-equity ratio of 1.61. The business has a fifty day moving average of $1.69 and a two-hundred day moving average of $1.20. The stock has a market cap of $199.71 million, a P/E ratio of -1.18 and a beta of 2.20.
Institutional Investors Weigh In On Vroom
A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Renaissance Technologies LLC lifted its position in Vroom by 11.0% in the second quarter. Renaissance Technologies LLC now owns 1,292,600 shares of the company’s stock valued at $1,861,000 after buying an additional 127,700 shares during the last quarter. Charles Schwab Investment Management Inc. grew its stake in Vroom by 137.4% during the 2nd quarter. Charles Schwab Investment Management Inc. now owns 3,230,828 shares of the company’s stock worth $4,652,000 after purchasing an additional 1,869,796 shares in the last quarter. Sequoia Financial Advisors LLC purchased a new stake in Vroom during the 2nd quarter worth about $124,000. Candriam S.C.A. acquired a new stake in Vroom in the 2nd quarter valued at about $109,000. Finally, Creative Planning lifted its position in shares of Vroom by 85.3% during the 2nd quarter. Creative Planning now owns 21,918 shares of the company’s stock worth $32,000 after purchasing an additional 10,090 shares during the last quarter. Hedge funds and other institutional investors own 24.41% of the company’s stock.
Vroom Company Profile
Vroom, Inc operates an end-to-end ecommerce platform for buying and selling vehicles. The company operates through three segments: Ecommerce, Wholesale, and Retail Financing segments. It also offers digital retailing services to dealers, automotive financial services companies, and others in the automotive industry; and vehicle financing solutions.