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Jefferies Remains a Hold on Vroom (VRM)

Jefferies analyst John Colantuoni maintained a Hold rating on Vroom (VRMResearch Report) on May 31 and set a price target of $1.50. The company’s shares closed last Friday at $1.15, close to its 52-week low of $1.08.

According to TipRanks.com, Colantuoni is ranked 0 out of 5 stars with an average return of -25.3% and a 21.9% success rate. Colantuoni covers the Consumer Goods sector, focusing on stocks such as ACV Auctions, Mercadolibre, and Carvana Co.

Vroom has an analyst consensus of Hold, with a price target consensus of $3.28, which is a 182.8% upside from current levels. In a report issued on May 31, Truist Financial also maintained a Hold rating on the stock with a $2.60 price target.

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Based on Vroom’s latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of $778 million and GAAP net loss of $310 million. In comparison, last year the company earned revenue of $473 million and had a GAAP net loss of $77.19 million.

Based on the recent corporate insider activity of 28 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of VRM in relation to earlier this year.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

Vroom Inc is engaged in the business of buying and selling used vehicles through its e-commerce platform. The company functions in three segments namely, Ecommerce, which involves retail sales of used vehicles through the company’s ecommerce platform and fees earned on sales of value-added products associated with those vehicles sales. The TDA reportable segment represents retail sales of used vehicles from TDA and fees earned on sales of value-added products associated with those vehicles sales. The wholesale reportable segment represents sales of used vehicles through wholesale auctions.

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