NASDAQ$VRM
Vroom Inc · Q3 2021 earnings
Q3 2021 earnings · · Investor relations
Briefing
Vroom delivered record ecommerce units and gross profit.
Vroom reported a strong third quarter with triple digit year-over-year growth in ecommerce units and gross profit. The company sold 19,683 ecommerce units, a 123% increase year-over-year, and achieved ecommerce revenue of $701.7 million, up 216% year-over-year.
- Ecommerce units sold increased by 123% year-over-year to 19,683.
- Ecommerce revenue increased by 216% year-over-year to $701.7 million.
- Ecommerce gross profit increased by 161% year-over-year to $50.4 million.
- Vroom entered into a definitive agreement to acquire United Auto Credit Corporation (UACC).
Headline financials
Revenue & EPS history
Vroom · Revenue · Quarterly
$897M
Revenue by segment
Vroom · $894M total across 3 segments · Q3 2021
- Ecommerce$702M+216.4%78.5%
- Wholesale$131M+105.3%14.7%
- TDA$60.6M+62.5%6.8%
Forward guidance
For the full year 2021, Vroom continues to expect triple digit year-over-year growth in ecommerce unit sales and more than 200% year-over-year growth in aggregate gross profit. For the fourth quarter 2021, Vroom expects total revenue of $865 to $900 million and total gross profit of $50 to $58 million.
Tailwinds
- Ecommerce unit sales of 20,000 to 20,500, implying year over year growth of 84% at the mid-point of the guidance range.
- Average ecommerce selling price per unit of $35,000 to $36,000.
- Average ecommerce gross profit per unit of $2,100 to $2,300.
- Wholesale unit sales of 6,500 to 7,500.
- Average selling price per unit of $13,000 to $14,000 and average gross profit per unit of $550 to $750.
Headwinds
- TDA unit sales of 1,500 to 1,600.
- Average selling price per unit of $35,000 to $36,000.
- Average gross profit per unit of $1,800 to $2,000.
- Adjusted EBITDA of $(104) to $(95) million.
- Net loss per share, as adjusted of $(0.77) to $(0.70).
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 3 quarterly earnings reports
-10.0%
Avg return
Earnings day
-5.7%
Avg return
5 days after
+7.1%
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% | — | — | |
| 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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