Vroom Reports Fourth Quarter and FY 2020 Results
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Vroom (VRM) Misses Q4 EPS by 5c, Revenues Beat; Offers 1Q EPS Guidance Below Consensus, 1Q Revenue Mid-Point Guidance Above Consensus
March 3, 2021 4:11 PM ESTVroom (NASDAQ: VRM) reported Q4 EPS of ($0.44), $0.05 worse than the analyst estimate of ($0.39). Revenue for the quarter came in at $405.8 million versus the consensus estimate of $402.38 million.
Paul Hennessy, Chief Executive Officer of Vroom, commented:
Vroom had a strong fourth quarter, with significant year-over-year growth in our ecommerce business. Inventory and marketing are scaling as planned, which is increasing the velocity of the Vroom flywheel, driving conversion and increased sales... More
