Vroom (VRM) reported earnings on Wed 12 Aug 20 (a/h)

** charts before earnings **

** charts after earnings **

Vroom beats by $0.40, beats on revs; guides Q3 revs below consensus 

Reports Q2 (Jun) loss of $0.34 per share, $0.40 better than the S&P Capital IQ Consensus of ($0.74); revenues fell 3.0% year/year to $253.1 mln vs the $234.95 mln S&P Capital IQ Consensus.

Ecommerce Vehicle revenue increased 43.8% to $170.5 million. The increase in ecommerce Vehicle revenue was primarily attributable to the increase in ecommerce units sold, partially offset by a decrease in the average selling price per unit, which decreased from $30,749 to $25,393.

Ecommerce gross profit per unit decreased 43.2% to $1,075.

Co issues downside guidance for Q3, sees Q3 revs of $268-$290 mln vs. $344.65 mln S&P Capital IQ Consensus. Sees net loss per share of $(0.42)-$(0.37), which may not compare to the ($0.37) S&P Capital IQ Consensus.

• Sees Ecommerce unit sales of 8,500-8,800, average total revenue per unit of $23,500 and average gross profit per unit of $1,600-$1,700.
• TDA unit sales of 1,400-1,600, average total revenue per unit of $23,500 and average gross profit per unit of $1,000-$1,100.
• Wholesale unit sales of 3,500-4,500, average revenue per unit of $10,000 and average gross profit per unit of $100-$200.