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$VRM - Vroom Delivery Partners With Uber Eats
To offer more delivery options for convenience stores, including delivery of age-restricted items
UP 16% Pre-Market/ Current Price $2.24
1.28 I’m buying VRM starting 20k will add on occasion up to 2 bucks see ya soon
100% compliant! Whats next?
100% compliant! Whats next?
On November 16, 2022, we repurchased approximately $197.9 million in aggregate principal amount of our outstanding 0.75% unsecured Convertible Senior Notes due 2026 (the "Notes"), net of deferred issuance costs of $3.8 million, for $71.7 million. Subject to market conditions and availability, we may continue to opportunistically repurchase Notes from time to time to reduce our outstanding indebtedness at a discount.
The volume has been fantastic! HOD $1.18 closed $1.13. Tack on 7.6% :) SMILE
A nice rally this week. Now we need to close above $1.for 8 consecutive days. Will check in later
Vroom Announces Record Ecommerce Gross Profit Per Unit of $4,206
https://ih.advfn.com/stock-market/NASDAQ/vroom-VRM/stock-news/89486497/vroom-announces-record-ecommerce-gross-profit-per
BIG improvement aaaannnnnd it’s getting sht on AHs, awesome
BIG improvement aaaannnnnd it’s getting sht on AHs, awesome
Vroom's business model is broken. They are losing money on each sale no matter what the purchase price for a vehicle. New CEO has his job cut out for him but Vroom is a used car seller after all - reconditioning and transport costs are very high followed by inventory - competing not only against Carvana, Auto Nation, Karmax, and 1000s of regular brick-mortar dealers nationwide, can't see how they'll ever succeed.
CVNA is just a zombie stock at this point with those hideous multi storey buildings that resemble vending machines for cars - gotta be the dumbest idea in the entire history of mankind. For that , their stock will be amply punished with near certain Ch.11 bankruptcy in the future.
Real stock, like Carvana and growing...cheap too
I particularly like how this new CEO (promoted from COO) was quick to admit the shortcomings and understood what wall street is expecting more than ever. He says he's committed to do the work so investors just need to give it time. Nothing is instant and only the naive would think this is a quick-turnaround story. They've got a solid business model and revenue continues to grow YOY. If they can shore-up what were missteps of the past learning experience and align themselves with a renewed vision and results-based oversight by infusing management with successful tools that assist in executing the soon-to-be-formed mission (yet TBD by the new CEO), this company will regain the foothold they've currently lost. The biggest competitor is Carvana and they're in the same boat. So they've got to focus on both form and function collectively while implementing the correct measurables/metrics for success. I happen to like this ridiculously low stock price. Time and only time will tell how these implementations pay off. I happen to like the odds. Covid and vehicle shortages (semiconductor shortages) made for an extra layer of difficulty (by squeezing those margins thinner to remain competitive) in a fairly new buying experience. Hopefully this subsides soon as margins should increase post Covid. This new credit arm will add tremendous value to margins as well. I think buying online has a place in the modern world. $3 Billion in revenues tells us that! I also think it'll greatly expand well into the future. All just my opinion and certainly not investment advice.
Was hoping these dogs don't get involved. Never a good news when they get involved.
With black rock and other institutions doubling down on shares. Short is at 32% ... Squeeze is on!
Lol,used car prices are up 38% from six months ago, but yes they were up 41% last month. The chip shortage will last until 2024. Many folks may choose to keep their car, but what about all the people that total theirs or have them stolen? Yes, we are going in to an economic winter, but if dealers can't get new inventory? I think in 2Q's the stock won't be at 1.50.
Turnarounds usually take 3-4 years for a medium sized business. With the national footprint that Vroom has (or trying to become) it may take at least 3 years if not more. A lot depends on the economy not getting any worse than it is. Wall St. might crash markets totally if inflation keeps going up.
Why do you'll think Vroom can successfully turnaround its business? They have an aggregate SG&A spend of 190 million last qtr, and no signs of going down. At this rate they may very well spend the remaining cash pile within a year. What then??
Carvana CVNA is the big daddy that Wall St. is in love with. Their business model is an even worse failure, poised for a quick trip to ch. 11 bankruptcy court.
With VRM, just can't see how they can improve their unit economics when they kept on losing money per transaction, even when used cars sales were hot. Now that prices for used cars are coming down, how will Vroom make money in a high int. rate and high inflation scenario with lower car prices?
I'm with you @ 1.34 $$$
Got in here earlier in the week. Like where they're at in the space going fwd. Carvana is a bloated pig that makes it's coin off sub prime lending,their prices are rediculous. This company's fundamentals are solid and if the new CEO does the right thing they could be in a great postion in 2Qs.
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