NASDAQ$VRM
Vroom Inc · Q3 2024 earnings
Q3 2024 earnings · · Investor relations
Briefing
Vroom's Q3 2024 financial results were announced, revealing a net loss from continuing operations of $(37.7) million and an agreement to restructure $290 million of unsecured convertible notes into equity.
Vroom Inc. reported its Q3 2024 financial results, highlighting a net loss from continuing operations of $(37.7) million. The company reached an agreement to restructure $290 million of unsecured convertible notes into equity through a prepackaged Chapter 11 case. The company is focused on maximizing the value of its remaining assets and executing its Long-Term Strategic Plan.
- Cash and cash equivalents totaled $51.1 million as of September 30, 2024.
- Liquidity available to UACC under the warehouse credit facilities was $32.9 million.
- Net loss from continuing operations was $(37.7) million.
- Adjusted EBITDA was $(25.5) million.
Headline financials
Revenue & EPS history
Vroom · Revenue · Quarterly
$45.6M
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
The company believes eliminating its unsecured notes will significantly strengthen its balance sheet and allow it to emerge without any long-term debt at Vroom, Inc.
Tailwinds
- Eliminating unsecured notes will significantly strengthen the balance sheet.
- The company will emerge without any long-term debt at Vroom, Inc.
- The team remains focused on executing the Long-Term Strategic Plan.
- Progress is being made on key initiatives.
- The company is focused on portfolio performance.
Headwinds
- UACC will continue to be obligated to debt that is related to asset-backed securitizations and their trust preferred securities.
- The company is still in a loss position.
- The company is undergoing a prepackaged Chapter 11 case.
- The company discontinued its ecommerce operations and used vehicle dealership business.
- The company faces risks and uncertainties that may cause actual results to differ materially from forward-looking statements.
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 | — | — | — |
Discussion
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