Vroom Inc (VRM)

[interloper]

BIG improvement aaaannnnnd it’s getting sht on AHs, awesome

[akamaii]

5

[akamaii]

Reversal coming 5 soon

[Seminole Red]

ok.....

[TuMaRu]

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.

[Seminole Red]

Real stock, like Carvana and growing...cheap too

[Banjo50]

IS THIS STOCK A SCAM OR WHAT??? I WANT THE TRUTH!!!

[THEMASTERS_SON]

Let’s go,,,

[ZXCVbnm123]

Testing 123

[lowercaseBACON]

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.

[silattore]

Was hoping these dogs don't get involved. Never a good news when they get involved.

[insidernews]

With black rock and other institutions doubling down on shares. Short is at 32% ... Squeeze is on!

[shiloh12]

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.

[TuMaRu]

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.

[TuMaRu]

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?

[insidernews]

I'm with you @ 1.34 $$$

[Jess070283]

Load up! Whales coming in next week!$$

[shiloh12]

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.

[Billybob_TX]

$VRM chart with some other used car plays...lots of upside here IMO:

[jackson73]

1.74… 1.80 break and off to 2.00s

[jackson73]

1.70 up w 50dma around 2.22 could get there

[lowercaseBACON]

Right this way Heggies, Mutual Funds, BIG $$$ means BIG moves!

[lowercaseBACON]

The turnaround is underway! RocketTime!

[Bronk]

Keep holding this gem boys.. just getting started

[lowercaseBACON]

VRM's newly acquired finance arm is pure gold! High loan acceptance at high rates all while increasing sales revenue several fold. $3 billion per annum goes to 6 goes to $9..... The CEO should focus on shaping that into the buying experience immediately. Share structure is tight and the short interest is tremendous. This whole setup tracks with a powerful reversal. From a users point of view, I think the website presents completely amateurish and lacks any spark, shine, or polished, professional imagery. Just abysmal. Do they use students from Mr. Johnson's 7th grade photography class? Hire professionals for goodness sake! Better photos sell more cars! Awful management! UNLOCK THE VALUE YOU KNUCKLEHEADS! Let's see how the newly appointed CEO directs this company.

[Jess070283]

Market Cap way undervalued compared to revenue. This is a no brainer to load up and hold. Whole market oversold. This will bounce and probably sooner than later.

[justradethem]

Priceline was dumped back in the dot.com bust. They dumped around VRM's pps now. The company that I managed who owns by a billionaire gentleman name Li Ka-Shing and his son Victor bought over 50% of its stock and obtained 2 boards seats...They did a RS 1 for 6 when pps was @$6 per share and Priceline went over 1k plus per share and the rest was history. Thanks for the memory.

#Cheung Kong Holdings
#Hutchison Whampoa

[lowercaseBACON]

Ya'll mean Vvvrrrrrroooooommmmmmmmmmm!!!!!

[lowercaseBACON]

With $3 billion in annual (with tremendous growth projected) revenue, a shored up business model and better execution on day-to-day deliverables, VRM can quickly regain it's crown. The new CEO is saying the right things and Wall Street investors will surely take a prudent approach to the future to see the unfolding of his vision. I think this is definitely an increasingly hot area that the likes of so many internet companies have paved the way for today's consumer. Amazon and DoorDash are the first to come to mind. In Q1, the company bought a credit/financing company that VRM's competitors (Carvana and CarMax) already have and are greatly appreciating the financial benefits that VRM's shareholders will now also enjoy. To have been thrown to the curb with a meager $120 million market cap leaves tremendous room for amazing returns. I'm hoping for a 30-bagger from this paltry, under-performing price of $1.25. Priceline is a stock that quickly comes to mind when I see the true potential of VRM. They know and have admitted their short-comings from poor execution of title transfers to poor cash management. I'm confident that will be addressed immediately aligning the company to much greener pastures. With Priceline, I remember how crazy I thought my friend was to have convinced me to invest in this left-for-dead company. I knew Priceline from a customer viewpoint and enjoyed the experience so I obliged; in part to shut him up and in part, because I could afford to lose my investment if it didn't work out. It turned out to be the single biggest return I ever saw up to that point. I was suddenly realizing the feeling of very unexpected success. Bigtime. Well, at least for me. I love buying out-of-favor stocks in high growth areas with strong fundamentals. We shall see if the new CEO can regain a prominent position in this hot hot hot area. This is not investment advice for anyone. Just my perspective.

[subslover]

Rocking up heavy after-hours here! :)

[Jess070283]

Next huuuuge runner. Looking for $5+!

[winna]

I'm in at 1.24

[winna]

Agreed insane!!!!!

[Bronk]

Chart says 5-6$ coming very soon

[Imarket13]

Cant belive with this has 52 w high of 46 bucks

[winna]

Wonder how high she can actually run

[winna]

?? exactly

[trades2win]

Looking to run again

[Bronk]

Cei style run coming. Target $5

[winna]

Company selling shares

[subslover]

Vroom Exceeds Q1 Guidance Across All Key Financial Metrics; Vroom Announces Business Realignment Plan
https://www.otcmarkets.com/stock/VRM/news/story?e&id=2208804

[Maritimus]

Ahahaha wtf

[Banjo50]

IS THIS STOCK A SCAM OR WHAT??? I WANT THE TRUTH!!!

[MadBrewer]

https://www.zerohedge.com/markets/texas-sues-online-car-dealer-vroom-deceptive-trade-practices

Cheers

[TuMaRu]

Wow, this has been hard hit like no other!! Market makers, early investors, traders all seem to have bailed on VRM right after that $74 peak post-IPO .... trading like its going bankrupt or is already bankrupt.

Does anyone think there's anything left in this, or just a dead carcass waiting to haul it away? 96% down since its 2021 high is simply amazing.

[TradeNaked]

$VRM p/s .12, p/b .41, p/c .33 =)

[Jay47]

Still ??

[Jay47]

Out of cash! Not surprised at all. This company is garbage! Run away or at least read real customer reviews before you think this company has any future

[Jay47]

I just had a five week horrifying experience w them. I was simply trying to sell them a pristine 2019 Toyota Highlander. Nothing difficult. We entered contract and then they changed terms on me. Wish I was an attorney. They gave me the runaround like I have never experienced. This company is dog shit. Run away investors, there are safer companies I promise than this shitshow Now if I was into shorting based on what I just dealt w. Pretty safe that a year from. Ow they sp will have tanked

[emulwa]

Carvana will double in sales this coming Qtr. So will Vroom (VRM). Traditional car dealers are using both platforms due to Covid-19. Hertz and Avis are punting their vehicles through both platforms due to bk. It will be a nice Qtr for both online car companies. CVNA and VRM. Please notice the rising number of temporary license plates on the road after Covid-19. Stimulus checks are in play here.