Mudrick Capital Management, L. Acquires 15,595 Shares of Vroom (NASDAQ:VRM) Stock

Vroom, Inc. (NASDAQ:VRM) Director Mudrick Capital Management, L. acquired 15,595 shares of Vroom stock in a transaction on Monday, June 15th. The stock was purchased at an average price of $7.22 per share, with a total value of $112,595.90. Following the transaction, the director directly owned 3,982,846 shares in the company, valued at approximately $28,756,148.12. This trade represents a 0.39% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

Vroom Stock Performance

Shares of VRM stock traded down $0.30 during mid-day trading on Tuesday, reaching $7.88. The stock had a trading volume of 8,066 shares, compared to its average volume of 7,442. The firm’s 50 day simple moving average is $12.78 and its 200 day simple moving average is $16.15. The company has a quick ratio of 5.58, a current ratio of 5.58 and a debt-to-equity ratio of 6.16. Vroom, Inc. has a one year low of $7.22 and a one year high of $34.99. The firm has a market cap of $41.05 million, a PE ratio of -0.62 and a beta of 1.20.

Vroom (NASDAQ:VRM) last announced its quarterly earnings data on Friday, May 15th. The company reported ($3.77) EPS for the quarter. Vroom had a negative return on equity of 51.07% and a negative net margin of 37.16%.The firm had revenue of $37.62 million during the quarter.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reiterated a “sell (e+)” rating on shares of Vroom in a research report on Friday, May 29th. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the company has a consensus rating of “Sell”.

Institutional Trading of Vroom

A number of hedge funds have recently modified their holdings of VRM. JPMorgan Chase & Co. lifted its position in shares of Vroom by 129.5% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,368 shares of the company’s stock worth $37,000 after acquiring an additional 772 shares during the period. Russell Investments Group Ltd. acquired a new stake in Vroom in the 3rd quarter valued at $47,000. New York State Common Retirement Fund acquired a new stake in Vroom in the 2nd quarter valued at $103,000. General Catalyst Group Management LLC acquired a new stake in Vroom in the 2nd quarter valued at $218,000. Finally, Geode Capital Management LLC acquired a new stake in Vroom in the 2nd quarter valued at $594,000. Institutional investors own 25.79% of the company’s stock.

About Vroom

Vroom, Inc operates as an automotive finance company. The company offers vehicle financing to its customers through third party dealers under the UACC brand. It also provides artificial intelligence powered analytics and digital services to dealers, automotive financial services companies, and others in the automotive industry for automotive retail. The company was formerly known as Auto America, Inc and changed its name to Vroom, Inc in July 2015. Vroom, Inc was incorporated in 2012 and is based in Houston, Texas.