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Vroom, Inc. engages in providing an ecommerce platform for the buying and selling of used vehicles. The company operates through the following segments: Ecommerce, Texas Direct Auto (TDA) and Wholesale. The Ecommerce segment represents retail sales of used vehicles through its ecommerce platform and fees earned on sales of value-added products associated with those vehicles sales. The TDA segment handles retail sales of used vehicles from TDA and fees earned on sales of value-added products associated with those vehicles sales. The Wholesale segment is involved in sales of used vehicles through wholesale auctions. The company was founded in 2012 and is headquartered in Houston, TX.
Vroom will have a tough time staying on track as long as operational constraints persist.
The stock price for each of these companies dropped more than 5% on Tuesday.
VRM earnings call for the period ending June 30, 2022.
VRM earnings call for the period ending March 31, 2022.
VRM earnings call for the period ending December 31, 2021.
VRM earnings call for the period ending September 30, 2021.
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