Vroom reports Q4 adjusted EBITDA ($2.7M) vs. ($10.8M) last year

Reports Q4 NII $34.5M vs. $36.9M last year. Tom Shortt, CEO, said, “The last year was pivotal. We successfully wound down our ecommerce used vehicle dealership business, developed a Long-Term Strategic Plan to capitalize on our remaining assets including UACC, CarStory and the Vroom (VRM) ecommerce technology and IP, began the process of recapitalizing our business and ended the year with $57.5 million of consolidated total cash and excess liquidity. We enter 2025 having completed the recapitalization and with continued focus on executing our Long-Term Strategic Plan.”