NASDAQ$VRM

Vroom Inc · Q3 2022 earnings

Q3 2022 earnings · · Investor relations

Briefing

Vroom's Q3 2022 financial results were announced, revealing an ecommerce gross profit per unit of $4,206 and progress on long-term roadmap.

Vroom, Inc. reported financial results for the third quarter ended September 30, 2022. The company achieved an ecommerce gross profit per unit of $4,206, a decrease in SG&A expenses of $18.3 million, and an improvement in net loss from $(115.1) million to $(51.1) million.

  • Ecommerce gross profit per unit increased to $4,206, up 16% from the previous quarter.
  • SG&A expenses decreased by $18.3 million compared to the previous quarter.
  • Net loss improved from $(115.1) million to $(51.1) million compared to the previous quarter.
  • Adjusted EBITDA excluding non-recurring costs improved to $(57.5) million.

Headline financials

Total Revenue

$341M

Previous: $897M-62.0%
EPS (adj)

-$29.60

Previous: -$141.60+79.1%
Capital Expenditures

-$20M

Previous: -$18.8M-6.3%
Free Cash Flow

-$71.1M

Previous: -$117M+39.2%
Net Income

-$51.1M

Previous: -$98.1M+47.9%
Operating Income

-$78.2M

Previous: -$94M+16.9%
Gross Profit

$67.3M

Previous: $58.1M+15.9%
Cash & Equivalents

$510M

Previous: $1.33B-61.6%
Total Assets

$1.81B

Previous: $2.41B-24.9%
Stock-Based Comp

$1.21M

Previous: $1.54M-21.7%

Revenue & EPS history

Vroom · Revenue · Quarterly

$341M

Q3 2022-62%vs Q3 2021
Beat estimate in 2 of 11 quarters(18%)
ActualEstimate

Revenue by segment

Vroom · $273M total across 2 segments · Q3 2022

  • Ecommerce
    $225M-67.9%
  • Wholesale
    $47.6M-63.7%

Forward guidance

Based on the progress in Q3, Vroom is forecasting year-end cash liquidity near the midpoint of the previous guidance of $450 to $565 million.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 3 quarterly earnings reports

Historical avg

-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

Earnings price reactions
QuarterReport dateReaction (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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