Vroom (NASDAQ:VRM) Shares Down 1.1%

Shares of Vroom, Inc. (NASDAQ:VRMGet Free Report) dropped 1.1% during mid-day trading on Friday . The stock traded as low as $9.66 and last traded at $9.77. Approximately 15,572 shares changed hands during mid-day trading, a decline of 86% from the average daily volume of 114,411 shares. The stock had previously closed at $9.88.

Vroom Stock Performance

The company has a debt-to-equity ratio of 8.91, a quick ratio of 2.00 and a current ratio of 2.00. The firm has a market cap of $17.68 million, a P/E ratio of -0.05 and a beta of 1.91. The business’s 50-day simple moving average is $11.34 and its 200 day simple moving average is $22.82.

Vroom (NASDAQ:VRMGet Free Report) last released its quarterly earnings results on Friday, May 10th. The company reported ($24.90) earnings per share (EPS) for the quarter. Vroom had a negative net margin of 47.89% and a negative return on equity of 171.85%. The firm had revenue of $51.08 million for the quarter.

Institutional Inflows and Outflows

An institutional investor recently raised its position in Vroom stock. Charles Schwab Investment Management Inc. boosted its holdings in Vroom, Inc. (NASDAQ:VRMFree Report) by 41.5% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 4,572,899 shares of the company’s stock after purchasing an additional 1,342,071 shares during the quarter. Charles Schwab Investment Management Inc. owned approximately 3.27% of Vroom worth $5,122,000 as of its most recent SEC filing. 25.79% of the stock is currently owned by institutional investors.

About Vroom

(Get Free Report)

Vroom, Inc operates as an automotive finance company. The company offers vehicle financing to its customers through third party dealers under the UACC brand. It also provides artificial intelligence powered analytics and digital services to dealers, automotive financial services companies, and others in the automotive industry for automotive retail.

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