Why Vroom Shares Are Surging Today
Vroom Inc (NASDAQ:VRM) reported first-quarter FY22 sales growth of 56.3% year-on-year to $923.77 million, beating the consensus of $878.13 million. Ecommerce revenue jumped 59.9% Y/Y to $675.4 million, and Ecommerce Unit Sales rose 26% Y/Y. Revenue from Wholesale rose 18.6%, and Texas Direct Auto (TDA) segment increased by 18.2%. The gross profit rose…
Benzinga ·
Benzinga
