Wells Fargo analyst Sam Reid maintained a Hold rating on Vroom (VRM – Research Report) today and set a price target of $1.00. The company’s shares opened today at $1.41.
According to TipRanks, Reid is ranked #7614 out of 8489 analysts.
Vroom has an analyst consensus of Hold, with a price target consensus of $1.13.
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Based on Vroom’s latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of $196.47 million and a GAAP net loss of $75.04 million. In comparison, last year the company earned a revenue of $475.44 million and had a GAAP net loss of $115.09 million
Based on the recent corporate insider activity of 22 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of VRM in relation to earlier this year.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
Vroom Inc is engaged in the business of buying and selling used vehicles through its e-commerce platform. The company functions in three segments namely, Ecommerce, which involves retail sales of used vehicles through the company’s ecommerce platform and fees earned on sales of value-added products associated with those vehicles sales. The TDA reportable segment represents retail sales of used vehicles from TDA and fees earned on sales of value-added products associated with those vehicles sales. The wholesale reportable segment represents sales of used vehicles through wholesale auctions.
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