NASDAQ$VRM
Vroom Inc · Q3 2023 earnings
Q3 2023 earnings · · Investor relations
Briefing
Vroom's progress on long-term roadmap drove unit growth, GPPU improvement, and cost reductions.
Vroom, Inc. reported financial results for the third quarter ended September 30, 2023. The company saw an 11% sequential increase in Ecommerce units, improved Ecommerce GPPU to $3,144, and reduced SG&A spend. However, Adjusted EBITDA declined sequentially due to headwinds in the loan portfolio performance at UACC.
- Ecommerce unit growth rate doubled sequentially to 11%.
- Ecommerce GPPU increased to $3,144 in Q3 2023 from $2,954 in Q2 2023.
- Per-unit costs were reduced across marketing, logistics, titling, registration and support, and fixed costs.
- The company ended the quarter with cash and cash equivalents of approximately $209 million.
Headline financials
Revenue & EPS history
Vroom · Revenue · Quarterly
$236M
Revenue by segment
Vroom · $181M total across 2 segments · Q3 2023
- Ecommerce$150M-33.5%82.9%
- Wholesale$30.9M-35.1%17.1%
Forward guidance
For the full year 2023, Vroom updated its guidance on Adjusted EBITDA performance and year-end cash and cash equivalents.
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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