Q2 2021 EPS Estimates for Vroom, Inc. Increased by Analyst (NASDAQ:VRM)

Vroom, Inc. (NASDAQ:VRM) – Equities researchers at KeyCorp increased their Q2 2021 earnings estimates for Vroom in a research report issued to clients and investors on Wednesday, May 12th. KeyCorp analyst E. Yruma now expects that the company will post earnings per share of ($0.52) for the quarter, up from their previous estimate of ($0.53). KeyCorp also issued estimates for Vroom’s Q3 2021 earnings at ($0.43) EPS, FY2021 earnings at ($1.92) EPS, Q2 2022 earnings at ($0.34) EPS, Q3 2022 earnings at ($0.24) EPS, Q4 2022 earnings at ($0.17) EPS, FY2022 earnings at ($1.07) EPS and FY2023 earnings at ($0.05) EPS.

Vroom (NASDAQ:VRM) last issued its earnings results on Wednesday, May 12th. The company reported ($0.57) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.62) by $0.05. The firm had revenue of $591.12 million during the quarter, compared to the consensus estimate of $511.75 million. During the same quarter in the prior year, the business posted ($0.32) EPS. The firm’s revenue for the quarter was up 57.3% on a year-over-year basis.

A number of other analysts have also commented on VRM. Stifel Nicolaus dropped their price target on Vroom from $65.00 to $55.00 and set a “buy” rating for the company in a research note on Thursday, March 4th. Wedbush dropped their price target on Vroom from $55.00 to $50.00 and set an “outperform” rating for the company in a research note on Thursday, March 4th. Jefferies Financial Group dropped their price target on Vroom from $45.00 to $43.00 and set a “hold” rating for the company in a research note on Thursday, March 4th. They noted that the move was a valuation call. Piper Sandler dropped their price target on Vroom from $60.00 to $58.00 and set an “overweight” rating for the company in a research note on Thursday, May 13th. Finally, Zacks Investment Research raised Vroom from a “sell” rating to a “hold” rating in a research note on Wednesday, May 5th. Two analysts have rated the stock with a sell rating, four have assigned a hold rating and thirteen have assigned a buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus target price of $56.86.

Shares of Vroom stock opened at $40.15 on Monday. Vroom has a 52-week low of $26.96 and a 52-week high of $75.49. The company’s 50 day moving average price is $41.42 and its 200-day moving average price is $40.16.

In other news, CFO David K. Jones sold 10,000 shares of the firm’s stock in a transaction on Monday, March 8th. The stock was sold at an average price of $31.39, for a total transaction of $313,900.00. Following the completion of the transaction, the chief financial officer now directly owns 49,813 shares in the company, valued at $1,563,630.07. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Paul J. Hennessy sold 35,727 shares of the firm’s stock in a transaction on Thursday, April 22nd. The shares were sold at an average price of $44.06, for a total value of $1,574,131.62. Following the transaction, the chief executive officer now owns 382,105 shares of the company’s stock, valued at $16,835,546.30. The disclosure for this sale can be found here. Insiders have sold 1,526,997 shares of company stock valued at $56,719,374 in the last three months.

Large investors have recently modified their holdings of the company. Patriot Financial Group Insurance Agency LLC bought a new position in shares of Vroom during the fourth quarter valued at $26,000. Harbor Investment Advisory LLC bought a new position in shares of Vroom during the first quarter valued at $39,000. Jacobi Capital Management LLC increased its holdings in shares of Vroom by 114.2% during the fourth quarter. Jacobi Capital Management LLC now owns 1,313 shares of the company’s stock valued at $54,000 after acquiring an additional 700 shares in the last quarter. NEXT Financial Group Inc increased its holdings in shares of Vroom by 6,705.0% during the first quarter. NEXT Financial Group Inc now owns 1,361 shares of the company’s stock valued at $53,000 after acquiring an additional 1,341 shares in the last quarter. Finally, Benjamin F. Edwards & Company Inc. increased its holdings in Vroom by 164.5% in the 4th quarter. Benjamin F. Edwards & Company Inc. now owns 1,452 shares of the company’s stock worth $59,000 after buying an additional 903 shares in the last quarter. Hedge funds and other institutional investors own 37.59% of the company’s stock.

About Vroom

Vroom, Inc operates an e-commerce platform for buying and selling of new and used cars in the United States. It also offers financing solutions. The company was formerly known as Auto America, Inc and changed its name to Vroom, Inc in July 2015. The company was incorporated in 2012 and is headquartered in New York, New York.

See Also: How to Invest in an Index Fund

Earnings History and Estimates for Vroom (NASDAQ:VRM)

Receive News & Ratings for Vroom Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Vroom and related companies with MarketBeat.com's FREE daily email newsletter.