Vroom, Inc. (NASDAQ:VRM) CFO David K. Jones sold 15,000 shares of the firm’s stock in a transaction on Monday, April 5th. The stock was sold at an average price of $40.19, for a total transaction of $602,850.00. Following the transaction, the chief financial officer now directly owns 64,813 shares of the company’s stock, valued at $2,604,834.47. The sale was disclosed in a document filed with the SEC, which is available through this link.
Vroom stock opened at $38.44 on Thursday. Vroom, Inc. has a 1 year low of $26.96 and a 1 year high of $75.49. The firm’s 50 day moving average price is $39.89 and its two-hundred day moving average price is $41.41.
Vroom (NASDAQ:VRM) last released its quarterly earnings data on Tuesday, March 2nd. The company reported ($0.44) earnings per share for the quarter, missing the consensus estimate of ($0.37) by ($0.07). The firm had revenue of $405.80 million during the quarter, compared to analyst estimates of $401.20 million. Vroom’s revenue for the quarter was up 14.1% compared to the same quarter last year. Sell-side analysts predict that Vroom, Inc. will post -1.42 earnings per share for the current year.
Institutional investors and hedge funds have recently modified their holdings of the stock. Patriot Financial Group Insurance Agency LLC acquired a new stake in Vroom during the 4th quarter worth about $26,000. Jacobi Capital Management LLC boosted its holdings in shares of Vroom by 114.2% in the fourth quarter. Jacobi Capital Management LLC now owns 1,313 shares of the company’s stock worth $54,000 after buying an additional 700 shares during the period. Benjamin F. Edwards & Company Inc. increased its position in shares of Vroom by 164.5% in the fourth quarter. Benjamin F. Edwards & Company Inc. now owns 1,452 shares of the company’s stock worth $59,000 after acquiring an additional 903 shares in the last quarter. Focused Wealth Management Inc acquired a new stake in shares of Vroom during the fourth quarter valued at approximately $69,000. Finally, Eudaimonia Partners LLC purchased a new stake in shares of Vroom in the 3rd quarter valued at approximately $90,000. 37.59% of the stock is currently owned by hedge funds and other institutional investors.
VRM has been the topic of several research analyst reports. Truist Financial initiated coverage on shares of Vroom in a research report on Tuesday, December 15th. They set a “buy” rating and a $58.00 price target on the stock. Stifel Nicolaus reduced their target price on Vroom from $65.00 to $55.00 and set a “buy” rating on the stock in a report on Thursday, March 4th. Truist dropped their price target on Vroom from $58.00 to $54.00 in a research report on Thursday, March 4th. Piper Sandler decreased their price objective on shares of Vroom from $75.00 to $60.00 and set an “overweight” rating for the company in a report on Thursday, March 4th. Finally, Jefferies Financial Group dropped their target price on shares of Vroom from $45.00 to $43.00 and set a “hold” rating on the stock in a report on Thursday, March 4th. They noted that the move was a valuation call. Two analysts have rated the stock with a sell rating, four have given a hold rating and thirteen have assigned a buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus price target of $56.92.
Vroom, Inc operates an e-commerce platform for buying, selling, and trading of new and used cars in the United States. It also offers financing solutions. The company was formerly known as Auto America, Inc and changed its name to Vroom, Inc in July 2015. The company was founded in 2012 and is headquartered in New York, New York.
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