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Vroom Priced, Nasdaq: VRM

Online used car dealer operating throughout the US.

Industry: Technology

Latest Trade: $37.43 0.00 (0.0%)

First Day Return: +117.7%

Return from IPO: +70.1%

Industry: Technology

Vroom is an innovative, end-to-end ecommerce platform that is transforming the used vehicle industry by offering a better way to buy and a better way to sell used vehicles. We offer an exceptional ecommerce experience for our customers. In contrast to legacy dealerships and the peer-to-peer market, we provide consumers with a personalized and intuitive ecommerce interface to research and select from thousands of fully reconditioned vehicles. Our platform is accessible at any time on any device and provides transparent pricing, real-time financing and nationwide contact-free delivery right to a buyer’s driveway. Our scalable and vertically integrated operations underpin our business model. We strategically source inventory from auctions, consumers, rental car companies and dealers. We improve our ability to acquire high-demand vehicles through enhanced supply science across all our sourcing channels and we are expanding our national marketing efforts to drive consumer sourcing. This hybrid approach provides flexibility, agility and speed without taking on unnecessary risk and capital investment, and drives improved unit economics and operating leverage. Data science and experimentation are at the core of everything we do. We rely on data science, machine learning and A/B and multivariate testing to continually drive optimization and operating leverage across our ecommerce and vehicle operations. We leverage data to increase the effectiveness of our national brand and performance marketing, enhance the customer experience, analyze market dynamics at scale, calibrate our vehicle pricing and optimize our overall inventory sales velocity.
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IPO News for Vroom
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IPO Data
IPO File Date 05/18/2020
Offer Price $22.00
Price Range $18.00 - $20.00
Offer Shares (mm) 21.3
Deal Size ($mm) $468
Lock-Up Date IPO Pro Only
Street Research IPO Pro Only
IPO Data
IPO Date 06/08/2020
Offer Price $22.00
Price Range $18.00 - $20.00
Offer Shares (mm) 21.3
Deal Size ($mm) $468
Lock-Up Date IPO Pro Only
Street Research IPO Pro Only
Underwriters
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Company Data
Headquarters New York, NY
Founded 2012
Employees 800
Website www.vroom.com