NASDAQ$VRM
Vroom Inc · Q2 2023 earnings
Q2 2023 earnings · · Investor relations
Briefing
Vroom's financial performance showed progress with increased Ecommerce units and GPPU, alongside reduced net loss and Adjusted EBITDA.
Vroom reported a 5% sequential growth in Ecommerce units, marking the first quarter with such growth since introducing the Long-Term Roadmap in Q2 2022. Ecommerce GPPU increased to $2,954, and the company reduced its net loss to $(66.3) million. Adjusted EBITDA also improved to $(56.3) million. The company is focused on cost reductions and strengthening its balance sheet.
- Ecommerce units grew 5% sequentially, the first growth since Q2 2022.
- Ecommerce GPPU increased to $2,954 from $2,552 in Q1 2023.
- Net loss decreased to $(66.3) million from $(75.0) million in the previous quarter.
- Adjusted EBITDA improved to $(56.3) million from $(64.8) million in the previous quarter.
Headline financials
Revenue & EPS history
Vroom · Revenue · Quarterly
$225M
Revenue by segment
Vroom · $169M total across 2 segments · Q2 2023
- Ecommerce$138M-57.0%81.8%
- Wholesale$30.8M-62.8%18.2%
Forward guidance
Vroom updated its full year 2023 guidance to reflect an improved outlook on Adjusted EBITDA performance and convertible note repurchases.
Tailwinds
- Adjusted EBITDA of $(225.0) to $(200.0) million.
- Year-end cash and cash equivalents of $137.0 to $187.0 million.
- Reflecting $13.0 million of convertible note repurchases.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 4 quarterly earnings reports
-10.0%
Avg return
Earnings day
-11.8%
Avg return
5 days after
+0.1%
Avg return
30 days after
22%
5 / 23 earnings
Positive
+32.0%
Q4 2023
Best reaction
-47.6%
Q4 2021
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | -5.5% | -10.2% | — | |
| Q3 2025 | +2.5% | -13.7% | +2.5% | |
| Q2 2025 | -5.0% | -3.9% | -1.7% | |
| Q1 2025 | -3.1% | -8.6% | -5.2% | |
| Q4 2024 | +0.5% | +8.3% | +32.6% | |
| Q3 2024 | -18.3% | -42.4% | -27.8% | |
| Q2 2024 | -26.1% | — | — | |
| Q1 2024 | -3.3% | — | — | |
| Q4 2023 | +32.0% | — | — | |
| Q3 2023 | -23.8% | — | — | |
| Q2 2023 | -30.8% | — | — | |
| Q1 2023 | -2.0% | — | — | |
| Q4 2022 | -1.0% | — | — | |
| Q3 2022 | +11.3% | — | — | |
| Q2 2022 | -31.5% | — | — | |
| Q1 2022 | -8.1% | — | — | |
| Q4 2021 | -47.6% | — | — | |
| Q3 2021 | +7.8% | — | — | |
| Q2 2021 | -21.1% | — | — | |
| Q1 2021 | -2.1% | — | — | |
| Q4 2020 | -34.0% | — | — | |
| Q3 2020 | -7.3% | — | — | |
| Q2 2020 | -13.0% | — | — | |
| Q1 2020 | — | — | — | |
| Q4 2019 | — | — | — | |
| Q3 2019 | — | — | — | |
| Q2 2019 | — | — | — | |
| Q1 2019 | — | — | — |
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