Vroom Inc. [VRM] Revenue clocked in at $1.32 billion, down -14.20% YTD: What’s Next?

Vroom Inc. [NASDAQ: VRM] gained 1.83% or 0.74 points to close at $41.10 with a heavy trading volume of 2045937 shares. The company report on October 30, 2020 that Vroom Announces Third Quarter 2020 Earnings Conference Call and Audio Webcast Scheduled for November 11, 2020.

Vroom, Inc. (Nasdaq: VRM), a leading e-commerce platform for buying and selling used vehicles, today announced that it will release its financial results for the third quarter ending September 30, 2020, after the market closes on Wednesday, November 11, 2020. Vroom management will discuss these results and other information regarding the Company during a conference call and audio webcast that same day at 5:00 p.m. ET.

The conference call can be accessed via telephone by dialing 1-833-519-1297 (or 914-800-3868 for international access) and entering the conference ID 7077759. A live audio webcast will also be available at ir.vroom.com. An archived webcast of the conference call will be accessible on the website within 48 hours of its completion.

If we look at the average trading volume of 1.63M shares, VRM reached to a volume of 2045937 in the most recent trading day, which is why market watchdogs consider the stock to be active.

Here is what top equities market gurus are saying about Vroom Inc. [VRM]:

Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for VRM shares is $67.67 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on VRM stock is a recommendation set at 1.90. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.

Exane BNP Paribas have made an estimate for Vroom Inc. shares, keeping their opinion on the stock as Underperform, with their previous recommendation back on October 05, 2020. While these analysts kept the previous recommendation, Goldman raised their target price from $52 to $60. The new note on the price target was released on September 22, 2020, representing the official price target for Vroom Inc. stock. Previously, the target price had yet another raise to $65, while JP Morgan analysts kept a Overweight rating on VRM stock.

The Average True Range (ATR) for Vroom Inc. is set at 2.80, with the Price to Sales ratio for VRM stock in the period of the last 12 months amounting to 3.96. The Price to Book ratio for the last quarter was 1.74, with the Price to Cash per share for the same quarter was set at 5.09.

Trading performance analysis for VRM stock

Vroom Inc. [VRM] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -10.85.

Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for VRM stock in for the last two-week period is set at 29.12, with the RSI for the last a single of trading hit 29.53, and the three-weeks RSI is set at 36.75 for Vroom Inc. [VRM]. The present Moving Average for the last 50 days of trading for this stock 52.66, while it was recorded at 41.88 for the last single week of trading.

Vroom Inc. [VRM]: A deeper dive into fundamental analysis

Operating Margin for any stock indicates how profitable investing would be, and Vroom Inc. [VRM] shares currently have an operating margin of -11.17 and a Gross Margin at +4.35. Vroom Inc.’s Net Margin is presently recorded at -23.14.

Return on Total Capital for VRM is now -32.62, given the latest momentum, and Return on Invested Capital for the company is -102.32. Return on Equity for this stock declined to -105.50, with Return on Assets sitting at -57.67. When it comes to the capital structure of this company, Vroom Inc. [VRM] has a Total Debt to Total Equity ratio set at 57.83. Additionally, VRM Total Debt to Total Capital is recorded at 36.64, with Total Debt to Total Assets ending up at 30.85.

Receivables Turnover for the company is 54.11 with a Total Asset Turnover recorded at a value of 2.49.Vroom Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 3.50 and a Current Ratio set at 4.20.

An analysis of insider ownership at Vroom Inc. [VRM]

There are presently around $1,846 million, or 60.50% of VRM stock, in the hands of institutional investors. The top three institutional holders of VRM stocks are: PRICE T ROWE ASSOCIATES INC /MD/ with ownership of 16,028,926, which is approximately New of the company’s market cap and around 5.90% of the total institutional ownership; DURABLE CAPITAL PARTNERS LP, holding 5,425,934 shares of the stock with an approximate value of $223.01 million in VRM stocks shares; and FOXHAVEN ASSET MANAGEMENT, LP, currently with $91.31 million in VRM stock with ownership of nearly New of the company’s market capitalization.

Positions in Vroom Inc. stocks held by institutional investors increased at the end of August and at the time of the August reporting period, where 107 institutional holders increased their position in Vroom Inc. [NASDAQ:VRM] by around 44,901,170 shares. Additionally, 3 investors decreased positions by around 54,512 shares, while 1 investors held positions by with 44,527 shares. The mentioned changes placed institutional holdings at 44,911,155 shares, according to the latest SEC report filing. VRM stock had 106 new institutional investments in for a total of 44,895,741 shares, while 2 institutional investors sold positions of 16,027 shares during the same period.

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