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Sep 30, 2023
Vroom Q3 2023 Earnings Report
Vroom's progress on long-term roadmap drove unit growth, GPPU improvement, and cost reductions.
Key Takeaways
Vroom, Inc. reported financial results for the third quarter ended September 30, 2023. The company saw an 11% sequential increase in Ecommerce units, improved Ecommerce GPPU to $3,144, and reduced SG&A spend. However, Adjusted EBITDA declined sequentially due to headwinds in the loan portfolio performance at UACC.
Ecommerce unit growth rate doubled sequentially to 11%.
Ecommerce GPPU increased to $3,144 in Q3 2023 from $2,954 in Q2 2023.
Per-unit costs were reduced across marketing, logistics, titling, registration and support, and fixed costs.
The company ended the quarter with cash and cash equivalents of approximately $209 million.
Revenue by Segment
Forward Guidance
For the full year 2023, Vroom updated its guidance on Adjusted EBITDA performance and year-end cash and cash equivalents.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
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