The former Carvana competitor left buyers in the dark when it exited.

NEW YORK, March 13, 2024--Vroom, Inc. (Nasdaq:VRM) today announced financial results for the fourth quarter and fiscal year ended December 31, 2023.

Houston-based Vroom is closing two facilities in Texas and laying off 515 workers as part of a nationwide restructuring. The post Vroom laying off 515 workers in Texas, part of nationwide restructuring appeared first on FreightWaves.

Vroom (VRM) announces the discontinuation of its e-commerce operations and winding down of its used vehicle dealership business.

Online car retailer Vroom (VRM) shares plunge on news it will cut 90% of its workforce and shut down its e-commerce business. Lockheed Martin (LMT) shares dip on warnings its 2024 sales could fall below expectations. The defense and aerospace contractor posted a fourth-quarter earnings beat. Lastly, Fisker (FSR) states its unsold EVs from 2023 are expected to be delivered by the end of the first quarter. For more expert insight and the latest market action, click here to watch this full episode ...

HOUSTON, January 22, 2024--Vroom, Inc. (Nasdaq:VRM) (Vroom, or the Company), a leading ecommerce platform for buying and selling used vehicles, today announced that it is discontinuing its ecommerce operations and winding down its used vehicle dealership business in order to preserve liquidity and enable the Company to maximize stakeholder value through its remaining businesses. Vroom owns and operates United Auto Credit Corporation (UACC), a leading automotive finance company, and CarStory, a l

HOUSTON, December 22, 2023--Vroom, Inc. (Nasdaq: VRM) ("Vroom," the "Company," "us," "we" and "our"), a leading e-commerce platform for buying and selling used vehicles, today announced it has filed a preliminary proxy statement with the U.S. Securities and Exchange Commission (the "SEC") regarding a special stockholders’ meeting to be held on February 5, 2024, at 11:00 a.m., Eastern time (the "Special Meeting"), to authorize Vroom’s Board of Directors (the "Board") to effect a reverse stock spl

NEW YORK, December 21, 2023--Vroom, Inc. (Nasdaq: VRM), a leading e-commerce platform for buying and selling used vehicles, announced today that Tom Shortt, Chief Executive Officer, has been recognized by Auto Finance News as one of its Executives to Watch in 2024, a recognition the publication has been making based on experience, leadership, vision and ability to shake up the industry with an innovative, forward-thinking approach to auto finance.

HOUSTON, December 01, 2023--Vroom, Inc. (Nasdaq: VRM), ("Vroom" or the "Company) a leading e-commerce platform for buying and selling used vehicles, today announced it has filed a prospectus supplement with the U.S. Securities and Exchange Commission (the "SEC") under which it may offer and sell from time to time and at its discretion shares of its common stock having an aggregate offering price of up to $50.0 million pursuant to an "at the market" offering program (the "ATM Program"). There can

NEW YORK, November 22, 2023--Vroom, Inc. (Nasdaq: VRM), a leading e-commerce platform for buying and selling used vehicles, today reported that on November 18, 2023, the Compensation Committee of Vroom’s Board of Directors approved the grant of inducement restricted stock unit awards covering 96,925 shares of Vroom’s common stock to 11 employees of Vroom and its affiliates to induce them to join as employees of Vroom and its affiliates. The awards were granted under Vroom’s 2022 Inducement Award