The cash is being burned. But for the cash, stock would be at $5 today rather than in 2 years.
B
On what basis is it a buying opportunity?
k
Easy buying opportunity
B
Lowering target from $12 to 9 !
D
The BEST used car market in history and these guys still have a massive loss every qtr... My advice is to invest elsewhere...
B
They have $850mm of net cash(cash minus debt). They lost $140mm in the first half of this year, so they are burning $280mm annually. They will be out of cash, and bankrupt, in 3 years.
H
In at 26.05, will trade this buy to 30 and “holding” with a 1 year end goal of low ave of estimates (37ish). Patient trade but I like the LTerm prospects.
Ask yourself… who has ever liked buying a used car from a dealer??? Would rather save 10%!
B
Market must be wrong. You must be very rich.
Z
It’s the same business model as Carvana with less inventory?
This should trade between 50 - 70 right now !
B
Look for another breakdown !! I see a buy at $12 !!
k
why sudden drop?? My average price is 30.. do I need to hold or sell in little loss? Thanks in advance.
B
Greg, Gates sold all of his Vroom shares, as did autonation. Nice work!
F
Why is this falling everyday and everyone here is quiet about it. Anything I missed? All I know is that the company forecasted a bit softer sales but nothing wild!
B
i bought my car from vroom. i loved it. will never go to a dealer again. it was super easy and they car came just as described
B
A $500mm valuation for this business, given how poorly they have performed during the greatest used car boom in history, would be generous. For all you math wizards, that would put the stock at $5.
W
Still a lot of debts, and over valued
J
Market is up and we are down ??!!
B
I am still worried for this. I be buyer around 10-12. I have sold over $50 after IPO. It's long time.
B
Great stock
Oversold New car production stifled
Great outlook from earnings statements
J
VRM couldn't make money from 762M in 2nd quarter revenue and for the past 4 quarters during a time when used car prices went up 35%. This is a $10 stock.
Ask yourself… who has ever liked buying a used car from a dealer??? Would rather save 10%!
This should trade between 50 - 70 right now !
Oversold
New car production stifled
Great outlook from earnings statements