Articles from Vroom, Inc.

Vroom, Inc., a leading automotive finance company and a data, AI-powered analytics and digital services platform supporting the automotive industry, today announced that as of January 14, 2025, it has successfully completed its recapitalization of unsecured convertible senior notes and emerged from the prepackaged Chapter 11 case it voluntarily filed in the U.S. Bankruptcy Court for the Southern District of Texas.

Vroom, Inc. (Nasdaq:VRM) today announced financial results for the third quarter ended September 30, 2024.

Vroom, Inc. (Nasdaq: VRM), a leading automotive finance company and an AI-powered analytics and digital services platform for automotive retail, today announced that it has made the strategic decision to enter into a Restructuring Support Agreement (RSA) with holders of an overwhelming majority of its outstanding funded debt and its largest stockholder. The parties to the RSA have agreed to pursue a comprehensive transaction that will restructure Vroom, Inc.’s outstanding funded debt, consisting of approximately $290 million of unsecured convertible senior notes due in 2026 (Notes), into equity. Vroom, Inc. is the holding company of operating subsidiaries including United Auto Credit Corporation (UACC), CarStory, LLC (CarStory), and Vroom Automotive, LLC and does not itself have operations.

Vroom, Inc. (Nasdaq: VRM) today released an investor presentation (the “Investor Presentation”) which includes the Company’s long-term strategic plan and key initiatives. A copy of the Investor Presentation is available at ir.vroom.com.

Vroom, Inc. (Nasdaq:VRM) today announced financial results for the second quarter ended June 30, 2024.

Vroom, Inc. (Nasdaq: VRM) today announced that it will release its financial results for the second quarter ending June 30, 2024, after the market closes on Thursday, August 8, 2024.

Vroom, Inc. (Nasdaq:VRM) today announced financial results for the first quarter ended March 31, 2024.

Vroom, Inc. (Nasdaq: VRM) today announced that it will release its financial results for the first quarter ending March 31, 2024, after the market closes on Thursday, May 9, 2024.

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

Vroom, Inc. (Nasdaq: VRM) today announced that it will release its financial results for the fourth quarter and fiscal year ended December 31, 2023 after the market closes on Wednesday, March 13, 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 leader in AI-powered analytics and digital services for automotive retail. UACC and CarStory will continue to serve their third-party customers and focus on growing those businesses.

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 split of the Company’s common stock at an exchange ratio between 1-for-35 to 1-for-80 (the “Reverse Stock Split”).

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.

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 be no assurance that the Company will issue and sell any shares under the ATM Program. The timing of any sales and the number of shares sold, if any, will depend on a variety of factors to be determined by the Company.

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 Plan, and generally vest in equal annual increments of 1/3 over the three-year period following their grant, subject to continued employment through each applicable vesting date. The awards were granted as employment inducement awards pursuant to the Nasdaq listing rules.

Vroom, Inc. (Nasdaq:VRM), a leading ecommerce platform for buying and selling used vehicles, today announced financial results for the third quarter ended September 30, 2023.

Vroom, Inc. (Nasdaq:VRM), a leading automotive ecommerce platform dedicated to improving the buying and selling of used vehicles, announced today the company is partnering with the state of West Virginia to launch its National Digital Title Clearinghouse (NDTC). As the only retailer with access to this digital title clearinghouse, Vroom will be able to transfer out-of-state titles into the company’s name and significantly reduce the timeline for processing them.

Vroom, Inc. (Nasdaq: VRM), a leading e-commerce platform for buying and selling used vehicles, today announced that it will release its financial results for the third quarter ending September 30, 2023, after the market closes on Tuesday, November 7, 2023. Vroom management will discuss these results and other information regarding the Company during a conference call and audio webcast on Wednesday, November 8, 2023 at 8:30 a.m. ET.

Vroom, Inc. (Nasdaq:VRM), a leading ecommerce platform for buying and selling used vehicles, today announced financial results for the second quarter ended June 30, 2023.

Vroom, Inc. (Nasdaq: VRM), a leading e-commerce platform for buying and selling used vehicles, today announced that it will release its financial results for the second quarter ending June 30, 2023, after the market closes on Tuesday, August 8, 2023. Vroom management will discuss these results and other information regarding the Company during a conference call and audio webcast on Wednesday, August 9, 2023 at 8:30 a.m. ET.

Vroom, Inc. (Nasdaq: VRM), a leading e-commerce platform for buying and selling used vehicles, today reported that on June 13, 2023, the Compensation Committee of Vroom’s Board of Directors approved the grant of inducement restricted stock unit awards covering 6,750 shares of Vroom’s common stock to 14 non-executive 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 Plan, and generally vest in equal annual increments of 1/3 over the three-year period following their grant, subject to continued employment through each applicable vesting date. The awards were granted as employment inducement awards pursuant to the Nasdaq listing rules.

Vroom, Inc. (Nasdaq:VRM), a leading ecommerce platform for buying and selling used vehicles, today announced financial results for the first quarter ended March 31, 2023.

Vroom, Inc. (Nasdaq: VRM), a leading e-commerce platform for buying and selling used vehicles, today announced that it will release its financial results for the first quarter ending March 31, 2023, after the market closes on Tuesday, May 9, 2023. Vroom management will discuss these results and other information regarding the Company during a conference call and audio webcast on Wednesday, May 10, 2023 at 8:30 a.m. ET.

Vroom, Inc. (Nasdaq:VRM), a leading ecommerce platform for buying and selling used vehicles, today announced financial results for the fourth quarter and fiscal year ended December 31, 2022.

Vroom, Inc. (Nasdaq: VRM), a leading e-commerce platform for buying and selling used vehicles, today announced that it will release its financial results for the fourth quarter and fiscal year ending December 31, 2022, after the market closes on Tuesday, February 28, 2023. Vroom management will discuss these results and other information regarding the Company during a conference call and audio webcast on Wednesday, March 1, 2023 at 8:30 a.m. ET.

Vroom, Inc. (Nasdaq: VRM), a leading e-commerce platform for buying and selling used vehicles, today reported that on December 13, 2022, the Compensation Committee of Vroom’s Board of Directors approved the grant of inducement restricted stock unit awards covering 224,275 shares of Vroom’s common stock to 49 non-executive 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 Plan, and generally vest in equal annual increments of 1/3 over the three-year period following their grant, subject to continued employment through each applicable vesting date. The awards were granted as employment inducement awards pursuant to the Nasdaq listing rules.

Vroom, Inc. (Nasdaq:VRM), a leading ecommerce platform for buying and selling used vehicles, today announced financial results for the third quarter ended September 30, 2022.

Vroom (NASDAQVRM), an innovative ecommerce platform that offers a better way to buy and sell used vehicles, received a 2022 Auto Finance Excellence Award from Auto Finance News. The award recognizes the company’s acquisition of United Auto Credit Corporation (UACC), a leading automotive finance company, and the integration of vehicle financing into Vroom’s end-to-end e-commerce strategy. The Auto Finance Excellence Awards recognize annually the achievements and contributions that companies and individuals make to the automotive finance industry.

Vroom (www.vroom.com), a leading ecommerce platform for buying and selling used vehicles, today announced the appointment of Timothy M. Crow to its Board of Directors effective October 26, 2022. Mr. Crow will serve as a member of the Compensation Committee and the Nominating and Corporate Governance Committee of the Board.

Vroom, Inc. (Nasdaq: VRM), a leading e-commerce platform for buying and selling used vehicles, today announced that it will release its financial results for the third quarter ending September 30, 2022, after the market closes on Monday, November 7, 2022. Vroom management will discuss these results and other information regarding the Company during a conference call and audio webcast on Tuesday, November 8, 2022 at 8:30 a.m. ET.

Vroom, Inc. (Nasdaq: VRM), a leading e-commerce platform for buying and selling used vehicles, today reported that on September 22, 2022, the Compensation Committee of Vroom’s Board of Directors approved the grant of inducement restricted stock unit awards covering 95,125 shares of Vroom’s common stock to 22 non-executive 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 Plan, and generally vest in equal annual increments of 1/3 over the three-year period following their grant, subject to continued employment through each applicable vesting date. The awards were granted as employment inducement awards pursuant to the Nasdaq listing rules.

Vroom, Inc. (Nasdaq:VRM), a leading ecommerce platform for buying and selling used vehicles, today announced financial results for the second quarter ended June 30, 2022.

Vroom (NASDAQVRM), an innovative ecommerce platform that offers a better way to buy and sell used vehicles, today announced that United Auto Credit Corporation (UACC), an indirect wholly-owned subsidiary of the company, priced an auto loan securitization of $255.080 million in aggregate principal amount of automobile receivable backed notes (the “Notes”) on July 14, 2022.

Vroom, Inc. (Nasdaq: VRM), a leading e-commerce platform for buying and selling used vehicles, today announced that it will release its financial results for the second quarter ending June 30, 2022, after the market closes on Monday, August 8, 2022. Vroom management will discuss these results and other information regarding the Company during a conference call and audio webcast on Tuesday, August 9, 2022 at 8:30 a.m. ET.

Vroom, Inc. (Nasdaq: VRM), a leading e-commerce platform for buying and selling used vehicles, today reported that on May 20, 2022, the Compensation Committee of Vroom’s Board of Directors approved the grant of inducement restricted stock unit awards covering 298,329 shares of Vroom’s common stock to 21 non-executive employees and one executive employee 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 Plan, and generally vest in equal annual increments of 1/3 over the three-year period following their grant, subject to continued employment through each applicable vesting date. The awards were granted as employment inducement awards pursuant to the Nasdaq listing rules.

As previously announced, Vroom, Inc. (Nasdaq: VRM), a leading e-commerce platform for buying and selling used vehicles, is hosting a virtual analyst and investor event on Thursday, May 26th, 2022. The event will begin at 9:00 am ET and is expected to conclude at approximately 12:00 pm ET. Members of the leadership team will provide a presentation on Vroom’s recently announced Business Realignment Plan, key initiatives, and strategies for positioning Vroom for long term profitable growth. A Q&A session will follow to address questions from financial analysts. Information regarding access to submit a question during the Q&A session will be distributed to analysts prior to the event.

Vroom, Inc. (Nasdaq:VRM), a leading ecommerce platform for buying and selling used vehicles, today announced financial results for the first quarter ended March 31, 2022.

Vroom, Inc. (Nasdaq: VRM), a leading e-commerce platform for buying and selling used vehicles, today announced that its Board of Directors has appointed Tom Shortt, who previously served as the Company’s Chief Operating Officer, as Chief Executive Officer and a member of Vroom’s Board of Directors, effective immediately. He succeeds Paul Hennessy, who has stepped down to pursue other opportunities. Robert Mylod, the current Board Chair, will become Independent Executive Chair of the Board.

Vroom, Inc. (Nasdaq: VRM), a leading e-commerce platform for buying and selling used vehicles, today announced that it will host a virtual analyst and investor event on Thursday, May 26, 2022. Members of the leadership team will provide a presentation on Vroom’s strategic vision, key initiatives, and financial targets. There will also be a Q&A session.

Vroom, Inc. (Nasdaq: VRM), a leading e-commerce platform for buying and selling used vehicles, today announced that it will release its financial results for the first quarter ending March 31, 2022, after the market closes on Monday, May 9, 2022. Vroom management will discuss these results and other information regarding the Company during a conference call and audio webcast on Tuesday, May 10, 2022 at 8:30 a.m. ET.

Vroom, Inc. (Nasdaq:VRM), a leading ecommerce platform for buying and selling used vehicles, today announced its new Extended Mile hub in Statesville, North Carolina. Similar to Vroom’s Last Mile hubs but with broader reach, the new Extended Mile hub provides a more customized driveway experience for 2.6 million people in more than 600 ZIP codes across North Carolina.

Vroom (NASDAQVRM), an innovative ecommerce platform that offers a better way to buy and sell used vehicles, today announced that United Auto Credit Corporation (UACC), a wholly-owned subsidiary of the company, priced an auto loan securitization offering of $296.17 million in aggregate principal amount of automobile receivable backed notes on February 9, 2022.

Vroom, Inc. (Nasdaq: VRM), a leading e-commerce platform for buying and selling used vehicles, today announced that it will release its financial results for the fourth quarter and fiscal year ending December 31st, 2021, after the market closes on Monday, February 28th, 2022. Vroom management will discuss these results and other information regarding the Company during a conference call and audio webcast on Tuesday, March 1st, 2022 at 8:30 a.m. ET.

Today, Vroom, Inc. (Nasdaq:VRM), a leading ecommerce platform for buying and selling used vehicles, unveiled its new Super Bowl LVI ad ahead of appearing during the scheduled broadcast on Sunday, February 13th. For this year’s Big Game spot, the brand is letting consumers know selling your vehicle can now be just as easy with Vroom as buying one.

Vroom, Inc. (Nasdaq:VRM), a leading ecommerce platform for buying and selling used vehicles (the “Company”), today announced an amendment to its inventory financing agreement with Ally Financial Inc. (NYSEALLY), a leading digital financial services company, to increase the line of credit to $700 million, up from $450 million previously.

Vroom, Inc. (Nasdaq:VRM), a leading ecommerce platform for buying and selling used vehicles, today announced its first Extended Mile hub in Orlando, Florida. Similar to Vroom’s Last Mile hubs but with broader reach, the new Extended Mile hub in Winter Garden provides a more customized driveway experience for 4.2 million people in more than 300 ZIP codes across Florida.

Vroom, Inc. (Nasdaq:VRM), a leading ecommerce platform for buying and selling used vehicles (the “Company”), today announced the appointment of Thomas Shortt as Chief Operating Officer, effective January 3, 2022.

Vroom, Inc. (Nasdaq:VRM), a leading ecommerce platform for buying and selling used vehicles, today announced financial results for the third quarter ended September 30, 2021 (“Q3 2021”).

Vroom, Inc. (Nasdaq:VRM), a leading ecommerce platform for buying and selling used vehicles, today announced the opening of a new Houston hub, which will create a more customized driveway experience for nearly 7.1 million people in more than 455 zip codes within a 75-mile radius. The hub will also allow Vroom to inspect, detail and place temporary tags on all cars being delivered or picked up in Texas.

Vroom, Inc. (Nasdaq:VRM), a leading ecommerce platform for buying and selling used vehicles, today announced the release of its newest broadcast spot featuring New York basketball All-Star Julius Randle. A humorous take on the unfortunate results consumers can experience purchasing cars from untrusted sources, the new creative brings to life Vroom’s commitment to offering a better way to buy used cars. The new spot will start running Tuesday, Oct. 19th during local NBA games as part of Vroom’s partnership with Playfly Sport’s Home Team Sports platform and run throughout the season.

Vroom, Inc. (Nasdaq: VRM), a leading e-commerce platform for buying and selling used vehicles, today announced that it will release its financial results for the third quarter ending September 30, 2021, after the market closes on Tuesday, November 9, 2021. Vroom management will discuss these results and other information regarding the Company during a conference call and audio webcast on Wednesday, November 10, 2021 at 8:30 a.m. ET.

Vroom, Inc. (Nasdaq:VRM), a leading ecommerce platform for buying and selling used vehicles (the “Company”), today announced the appointment of Robert R. Krakowiak as Chief Financial Officer, effective today. He succeeds David K. Jones, who previously served as Chief Financial Officer and will remain as a non-executive employee of the Company through November 30, 2021 in order to ensure a seamless transition.

Vroom, Inc. (Nasdaq:VRM), a leading ecommerce platform for buying and selling used vehicles (the “Company”), today announced the appointment of Robert R. Krakowiak as Chief Financial Officer, effective today. He succeeds David K. Jones, who previously served as Chief Financial Officer and will remain as a non-executive employee of the Company through November 30, 2021 in order to ensure a seamless transition.

Vroom, Inc. (Nasdaq:VRM), a leading ecommerce platform for buying and selling used vehicles, today announced financial results for the second quarter ended June 30, 2021 (“Q2 2021”).

Vroom, Inc. (Nasdaq:VRM), a leading ecommerce platform for buying and selling used vehicles, today announced financial results for the first quarter ended March 31, 2021.