Q1 2021 Earnings Estimate for Vroom, Inc. (NASDAQ:VRM) Issued By William Blair


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Vroom, Inc. (NASDAQ:VRM) – Equities research analysts at William Blair decreased their Q1 2021 earnings per share estimates for shares of Vroom in a note issued to investors on Wednesday, April 28th. William Blair analyst S. Zackfia now expects that the company will earn ($0.61) per share for the quarter, down from their prior estimate of ($0.60). William Blair also issued estimates for Vroom’s Q2 2021 earnings at ($0.47) EPS, Q3 2021 earnings at ($0.37) EPS, Q4 2021 earnings at ($0.35) EPS, FY2021 earnings at ($1.79) EPS and FY2022 earnings at ($1.54) EPS.

Vroom (NASDAQ:VRM) last announced its quarterly earnings results on Tuesday, March 2nd. The company reported ($0.44) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.37) by ($0.07). The business had revenue of $405.80 million for the quarter, compared to analyst estimates of $401.20 million. The business’s revenue for the quarter was up 14.1% on a year-over-year basis.

A number of other brokerages have also weighed in on VRM. Piper Sandler cut their price objective on Vroom from $75.00 to $60.00 and set an “overweight” rating on the stock in a research report on Thursday, March 4th. Stifel Nicolaus decreased their price objective on shares of Vroom from $65.00 to $55.00 and set a “buy” rating for the company in a report on Thursday, March 4th. Zacks Investment Research cut shares of Vroom from a “hold” rating to a “sell” rating in a research report on Friday, April 16th. Truist reduced their price target on shares of Vroom from $58.00 to $54.00 in a research report on Thursday, March 4th. Finally, Jefferies Financial Group lowered their price objective on shares of Vroom from $45.00 to $43.00 and set a “hold” rating for the company in a report on Thursday, March 4th. They noted that the move was a valuation call. Three equities research analysts have rated the stock with a sell rating, three have issued a hold rating and thirteen have issued a buy rating to the stock. Vroom currently has an average rating of “Buy” and a consensus target price of $56.21.

Shares of NASDAQ:VRM opened at $45.24 on Monday. The stock’s 50-day moving average is $40.67 and its 200 day moving average is $40.58. Vroom has a 1 year low of $26.96 and a 1 year high of $75.49.

Institutional investors and hedge funds have recently modified their holdings of the business. Baillie Gifford & Co. boosted its position in shares of Vroom by 131.1% in the fourth quarter. Baillie Gifford & Co. now owns 9,868,922 shares of the company’s stock worth $404,330,000 after purchasing an additional 5,599,391 shares during the period. BlackRock Inc. lifted its stake in shares of Vroom by 19.8% during the 4th quarter. BlackRock Inc. now owns 6,071,612 shares of the company’s stock valued at $248,754,000 after buying an additional 1,002,994 shares in the last quarter. General Catalyst Group Management LLC bought a new position in Vroom in the 4th quarter worth $247,937,000. Morgan Stanley increased its stake in Vroom by 13.5% in the 4th quarter. Morgan Stanley now owns 903,024 shares of the company’s stock worth $36,998,000 after buying an additional 107,470 shares in the last quarter. Finally, Brown Advisory Inc. bought a new stake in Vroom during the fourth quarter valued at about $35,197,000. Institutional investors and hedge funds own 37.59% of the company’s stock.

In other news, Director Adam Valkin sold 582,973 shares of Vroom stock in a transaction on Wednesday, March 17th. The shares were sold at an average price of $37.53, for a total transaction of $21,878,976.69. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CRO Mark E. Roszkowski sold 21,875 shares of the business’s stock in a transaction on Tuesday, February 16th. The shares were sold at an average price of $51.38, for a total transaction of $1,123,937.50. Following the sale, the executive now directly owns 57,015 shares of the company’s stock, valued at approximately $2,929,430.70. The disclosure for this sale can be found here. In the last quarter, insiders have sold 1,568,377 shares of company stock valued at $59,031,312.

Vroom Company Profile

Vroom, Inc operates an e-commerce platform for buying and selling 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 incorporated in 2012 and is headquartered in New York, New York.

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Earnings History and Estimates for Vroom (NASDAQ:VRM)

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