Vroom (NASDAQ:VRM) Director Mudrick Capital Management, L. Buys 15,595 Shares of Stock

Vroom, Inc. (NASDAQ:VRM) Director Mudrick Capital Management, L. acquired 15,595 shares of the business’s stock in a transaction that occurred on Monday, June 15th. The shares were purchased at an average cost of $7.22 per share, for a total transaction of $112,595.90. Following the completion of the transaction, the director directly owned 3,982,846 shares in the company, valued at $28,756,148.12. The trade was a 0.39% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.

Vroom Stock Performance

Shares of VRM stock opened at $7.88 on Wednesday. Vroom, Inc. has a one year low of $7.22 and a one year high of $34.99. The company’s 50-day moving average is $12.78 and its 200 day moving average is $16.15. The company has a market capitalization of $41.04 million, a price-to-earnings ratio of -0.62 and a beta of 1.20. The company has a debt-to-equity ratio of 6.16, a quick ratio of 5.58 and a current ratio of 5.58.

Vroom (NASDAQ:VRM) last announced its quarterly earnings data on Friday, May 15th. The company reported ($3.77) EPS for the quarter. Vroom had a negative net margin of 37.16% and a negative return on equity of 51.07%. The firm had revenue of $37.62 million for the quarter.

Hedge Funds Weigh In On Vroom

Institutional investors have recently made changes to their positions in the business. JPMorgan Chase & Co. lifted its stake in shares of Vroom by 129.5% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,368 shares of the company’s stock worth $37,000 after purchasing an additional 772 shares during the period. Geode Capital Management LLC bought a new stake in shares of Vroom during the second quarter valued at approximately $594,000. General Catalyst Group Management LLC bought a new stake in shares of Vroom during the second quarter valued at approximately $218,000. New York State Common Retirement Fund bought a new stake in shares of Vroom during the second quarter valued at approximately $103,000. Finally, Russell Investments Group Ltd. purchased a new position in shares of Vroom in the third quarter valued at $47,000. Institutional investors own 25.79% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reissued a “sell (e+)” rating on shares of Vroom in a research report on Friday, May 29th. One research analyst has rated the stock with a Sell rating, According to MarketBeat.com, the company has a consensus rating of “Sell”.

About Vroom

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. The company was formerly known as Auto America, Inc and changed its name to Vroom, Inc in July 2015. Vroom, Inc was incorporated in 2012 and is based in Houston, Texas.