- Ticker: VRM
Vroom beats by $0.30, beats on revs
- Reports Q1 (Mar) loss of $0.71 per share, excluding non-recurring items, $0.30 better than the S&P Capital IQ Consensus of ($1.01); revenues rose 56.2% year/year to $923.5 mln vs the $878.18 mln S&P Capital IQ Consensus.
- Co sees FY22 Ecommerce unit sales of 45,000 to 55,000.
Vroom CEO Paul Hennessy steps down; Tom Shortt appointed as CEO, effective immediately
- Vroom announced that its Board of Directors has appointed Tom Shortt, who previously served as the company's Chief Operating Officer, as CEO and a member of Vroom's Board of Directors, effective immediately. He succeeds Paul Hennessy, who has stepped down to pursue other opportunities.
- Robert Mylod, the current Board Chair, will become Independent Executive Chair of the Board.
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