The latest update is out from Vroom, Inc. ( (VRM) ).
On March 11, 2025, Vroom, Inc. announced its financial results for the fourth quarter and full year ending December 31, 2024, highlighting a net loss from continuing operations and a completed recapitalization of unsecured convertible senior notes. The company emerged without long-term debt, strengthening its balance sheet, and secured a $25 million line of credit in March 2025 to support its Long-Term Strategic Plan. Vroom also extended a warehouse agreement into 2026 and announced UACC’s 17th securitization transaction, issuing $324 million of asset-backed notes.
More about Vroom, Inc.
Vroom, Inc. operates in the automotive industry, focusing on ecommerce technology and intellectual property related to used vehicle sales. The company has shifted its strategy to capitalize on assets such as UACC and CarStory, following the wind-down of its ecommerce used vehicle dealership business.
YTD Price Performance: -18.74%
Average Trading Volume: 11,580
Current Market Cap: $10.93M
For detailed information about VRM stock, go to TipRanks’ Stock Analysis page.
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