Vroom Reports First Quarter 2021 Results
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Vroom (VRM) Tops Q1 EPS by 6c, Revenues Beat; Offers 2Q EPS Below Consensus, 2Q Revenues Above Consensus
May 12, 2021 4:09 PM EDTVroom (NASDAQ: VRM) reported Q1 EPS of ($0.57), $0.06 better than the analyst estimate of ($0.63). Revenue for the quarter came in at $591.1 million versus the consensus estimate of $518.19 million.
HIGHLIGHTS OF FIRST QUARTER 2021
15,504 ecommerce units sold, up 96% YoYEcommerce revenue of $422.3 million, up 81% YoYEcommerce gross profit of $31.8 million, up 123% YoYCompleted the acquisition of CarStory businessPaul Hennessy, Chief Executive Officer of Vroom, commented:
Vroom delivered record results in the first quarter of 2021, with total gross profit nearly doubling... More
