Vroom, Inc.

Vroom, Inc. operates as an e-commerce used automotive retailer in the United States. It operates end-to-end ecommerce platform for buying, selling, transporting, reconditioning, pricing, financing, registering, and delivering vehicles. The company was formerly known as Auto America, Inc. and changed its name to Vroom, Inc. in July 2015. The company was incorporated in 2012 and is headquartered in New York, New York.

An e-commerce platform for buying and selling used vehicles.

Vroom

On January 22, 2024, Vroom announced that it is discontinuing its e-commerce operations and winding down its used vehicle dealership business. Vroom is honored to have served car buyers and sellers all over the country and is grateful to its dedicated Vroommates, colleagues and business partners.

Vroom's subsidiaries, United Auto Credit Corporation (UACC) and CarStory, both of which are leaders in their respective space, will continue to serve their customers and focus on growing those businesses.

Eastward Capital Partners

Poalim Equity

T. Rowe Price

General Catalyst

Fraser McCombs Capital

PICO Venture Partners

L Catterton

Holman Growth Ventures

Durable Capital Partners

Karen Kesner is #hiring. Know anyone who might be interested?

Welcome to Vroom's #2023 Wrap-Up, unveiling the top cars and features our customers couldn't resist this year — from sleek sedans and rugged SUVs to sunroofs and heated seats. Swipe through to see the winning wheels! #SwitchToVroom

To commemorate Hispanic Heritage Month (Sept. 15-Oct. 15), Juntos, Vroom’s Hispanic/Latin Employee Resource Group (ERG), organized festivities and information sessions aimed at celebrating the different histories and cultures within its community. “There are 21 countries in Latin America, and while most of us share the Spanish language, each country and culture is unique and beautiful,” says Lead Process Excellence Specialist and Juntos Co-Lead Daniel Barrera. “Hispanic Heritage Month serves as a reminder to celebrate and support that diversity.” 

Throughout each week, Juntos shared insights and stories about Hispanic/Latin people, places, and traditions with colleagues at Vroom and UACC. The group also devoted its monthly meet-up, known as “Cafecito,” to an open discussion about the origins of popular terms, such as Hispanic, Latino/a, LatinX, Chican/a, Afrolatino/a, and their impact on personal identity. To wrap up the month, Juntos, supported by Vroom’s Fun Committee and members of the Black Excellence (BE!) and Women @ Vroom Empowered (W@VE) ERGs, hosted two events — one at Vroom’s Houston office and the other at UACC’s Fort Worth location. The lively gatherings featured games, traditional appetizers and sweets, and a Salsa lesson led by a popular Houston-based dance instructor. “Our goals as an ERG are to create a safe space for Vroom’s Hispanic/Latin community to come together and to introduce others to our dynamic culture,” says Transaction Specialist and Juntos Co-Lead Malhissa Reyes. “This event checked both of those boxes, and it was a joy to witness.” 

#hispanicheritagemonth #erg #whatdrivesyou

For our final National Truck Driver Appreciation Week spotlight, we’re highlighting Riverside, CA, and Miami, FL, two teams who happen to be on opposite sides of the country, yet still share a passion for going above and beyond. 

Riverside Team:
○ Team members (from left): Aaron, Rudy, Ivan, Justin, Jesse, Steve, Dustin, Andres, Joshua, and Cynthia (not pictured: Diego)  
○ Combined years of driving and automotive experience: 81  
○ Team motto: “Keep your eyes on the prize.”
○ Favorite music to drive to: Classic rock, rachera, reggaeton, rap, and everything in between.   
○ Favorite team lunch spot: “Tummy Stuffer. It’s a family-owned business serving more than 100 different types of sandwiches.”
○ Favorite delivery moment: “Last Christmas season, Andres and Dustin delivered cars while dressed up as Santa and Buddy from the movie Elf. It was a lot of fun.”

Miami Team:
○ Team members (from left): Delano, Rolando, Nicholas, and Aleck
○ Combined years of driving and automotive experience: 20-plus 
○ Team motto: “It’s always a good day when we have work to do.” 
○ Favorite music to drive to: Sports and business podcasts   
○ Favorite team lunch spot: “Flanigans. It’s a South Florida staple, and they have the best ribs.” 
○ Fun Fact: “There are gators and iguanas right outside our lot, it’s a little bit wild.” 
○ Favorite delivery moment: “A customer who purchased a Kia Niro on Feb. 10 as a Valentine’s Day gift for his wife. The car was in Portland when he bought it, so there was no way it would get to Miami in time. When it did arrive, we went all out like it was still Valentine’s Day, dressing it with bright red balloons and attaching a big bow to the hood. In the end, I think the husband was more excited than the wife!”

#truckdriverappreciationweek #truckerappreciationweek #thankatrucker #truckdriver

For our next National Truck Driver Appreciation Week spotlights, we’re shining a light on two California-based teams — San Diego and San Francisco — that are striving to make every delivery special. 

San Diego Team:
○ Team members (from left): Tristan and Peter
○ Combined years of driving and automotive experience: 40 
○ Team motto: “‘Top Hub.’ It was inspired by one of our favorite movies, Top Gun, which was filmed just a few miles from the hub.” 
○ Favorite music to drive to: Synthwave, especially Depeche Mode, and classical
○ Favorite team lunch spot: “Colima’s Mexican Restaurant, because the food is delicious, the service is fast, and it’s by the beach, so your meal comes with a view.” 
○ Favorite delivery moment: “All of them. And we know that sounds cliché, but it’s always special. One recent delivery involved a customer who’d been saving up for five years to buy a car. When we delivered it, he was so excited that he filmed the entire experience.” 

San Francisco Team: 
○ Team members (from left): Abraham (Abe), Andy, David, and Allan
○ Combined years of driving and automotive experience: 81 
○ Team motto: “No customer left behind.” 
○ Favorite music to drive to: Anything from the ’80s, and Corridos ballads
○ Favorite team lunch spot: “Chinese food, because it makes Abe, our boss, happy.” 
○ Favorite delivery moment: “Honestly, every moment is special to us. But one that stands out is when we delivered a Mother’s Day gift — a Mercedes-Benz GLE — to an NBA player’s mom.”  

#truckdriverappreciationweek #truckerappreciationweek #thankatrucker #truckdriver

In honor of National Truck Driver Appreciation Week, we’re spotlighting some of our dedicated Last Mile teams. Next up: Houston, TX, and Delanco, NJ, two delivery hubs that take teamwork and customer service seriously. 

Houston Team:
○ Team members (from left): Emmanuel, Kayla, Piotr, and Pablo
○ Combined years of driving and automotive experience: 43
○ Team motto: “‘Let’s get it done.’ We’re all about delivering exceptional customer service.”  
○ Favorite music to drive to: “The Herd” and “Missing Persons” podcasts, NPR Radio, and Deftones     
○ Favorite team lunch spot: “Cabo Bob’s. Their burritos are huge, and delicious.” 
○ Favorite delivery moment: “When you see a customer get really excited at seeing their new car for the first time. And the times when you realize that the vehicle you’re delivering is going to change someone’s life for the better.” 

Delanco Team:
○ Team members (from left): Robert, Keisha, Chandler, and Stephan (not pictured: Otti)
○ Combined years of driving and automotive experience: 14  
○ Team motto: “Teamwork makes the dream work.”
○ Favorite music to drive to: Rap and reggae
○ Favorite team lunch spot: Anything Caribbean 
○ Favorite delivery moment: “When a father purchased a Jeep Wrangler as a gift for his daughter. We put a huge bow on the hood and decorated the car’s interior and exterior with dozens of balloons in various shades of purple, the birthday girl’s favorite color. When the daughter opened the door to the Jeep, the balloons began to float out. The way she looked at her father at that moment was priceless.” 

#truckdriverappreciationweek #truckerappreciationweek #thankatrucker #truckdriver

NASDAQ:VRM

Vroom

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PE Ratio

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PFCF: −0.05

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