Vroom, Inc. (NASDAQ:VRM – Get Free Report) Director Mudrick Capital Management, L. acquired 15,595 shares of the stock in a transaction dated Monday, June 15th. The shares were bought at an average cost of $7.22 per share, for a total transaction of $112,595.90. Following the acquisition, the director owned 3,982,846 shares in the company, valued at $28,756,148.12. The trade was a 0.39% increase in their position. The purchase was disclosed in a filing with the SEC, which is accessible through the SEC website.
Vroom Stock Down 3.7%
Shares of NASDAQ VRM traded down $0.30 during mid-day trading on Tuesday, reaching $7.88. 8,066 shares of the company traded hands, compared to its average volume of 7,442. 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 stock has a market cap of $41.05 million, a PE ratio of -0.62 and a beta of 1.20. The company’s fifty day moving average is $12.78 and its two-hundred day moving average is $16.15. Vroom, Inc. has a fifty-two week low of $7.22 and a fifty-two week high of $34.99.
Vroom (NASDAQ:VRM – Get Free Report) last issued its quarterly earnings data on Friday, May 15th. The company reported ($3.77) EPS for the quarter. The company had revenue of $37.62 million for the quarter. Vroom had a negative net margin of 37.16% and a negative return on equity of 51.07%.
Analyst Ratings Changes
Read Our Latest Research Report on Vroom
Institutional Trading of Vroom
Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. JPMorgan Chase & Co. grew its holdings in Vroom by 129.5% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,368 shares of the company’s stock valued at $37,000 after buying an additional 772 shares during the last quarter. Russell Investments Group Ltd. acquired a new stake in Vroom in the 3rd quarter valued at approximately $47,000. New York State Common Retirement Fund acquired a new stake in Vroom in the 2nd quarter valued at approximately $103,000. General Catalyst Group Management LLC acquired a new stake in Vroom in the 2nd quarter valued at approximately $218,000. Finally, Geode Capital Management LLC acquired a new stake in Vroom in the 2nd quarter valued at approximately $594,000. Institutional investors and hedge funds own 25.79% of the company’s stock.
About Vroom
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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