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PHOENIX, Aug. 17, 2021 (GLOBE NEWSWIRE) -- Vroom , Inc. (Nasdaq:VRM), a leading ecommerce platform for buying and selling used vehicles, today announced the opening of a new Phoenix hub and a more customized driveway experience for nearly 4.8 million people in over 166 zip codes within a 70-mile radius. Vroom has delivered in the Phoenix area since the company was founded in 2012 and is now offering an experience that includes a more personalized concierge service where customer advocates...

Vroom, Inc. (Nasdaq:VRM), a leading ecommerce platform for buying and selling used vehicles, today announced financial results for the second quarter ended June 30, 2021 (“Q2 2021”). HIGHLIGHTS OF SECOND QUARTER 2021 18,268 ecommerce units sold, up 172% YoY Ecommerce revenue of $579.7 million, up 230% YoY Ecommerce gross profit of $49.6 million, up 588% YoY Convertible Note offering provided over $600.0 million of additional liquidity Paul Hennessy, Chief Executive Officer of Vroom,...

SEATTLE, July 13, 2021 (GLOBE NEWSWIRE) -- Vroom , Inc. (Nasdaq:VRM), a leading ecommerce platform for buying and selling used vehicles, today announced the opening of a new Seattle hub and a more customized driveway experience for nearly 5.3 million people in over 442 zip codes within a 25-mile radius. Vroom has delivered in the Seattle area since the company was founded in 2012 and is now offering an experience that includes a more personalized concierge service where customer advocates...

NEW YORK, July 09, 2021 (GLOBE NEWSWIRE) -- Vroom, Inc. (Nasdaq: VRM), a leading e-commerce platform for buying and selling used vehicles, today announced that it will release its financial results for the second quarter ending June 30, 2021, after the market closes on Wednesday, August 11, 2021. Vroom management will discuss these results and other information regarding the Company during a conference call and audio webcast that same day at 5:00 p.m. ET. The conference call can be accessed via...

ATLANTA, June 21, 2021 (GLOBE NEWSWIRE) -- Vroom , Inc. (Nasdaq:VRM), a leading ecommerce platform for buying and selling used vehicles, today announced the opening of a new Atlanta hub and a more customized driveway experience for nearly 7 million people in over 476 zip codes within a 25-mile radius. Vroom has delivered in the Atlanta area since the company was founded in 2012 and is now offering an experience that includes a more personalized concierge service where customer advocates...

NEW YORK, June 16, 2021 (GLOBE NEWSWIRE) -- Vroom, Inc. (Nasdaq: VRM) (“Vroom”) today announced the pricing of its offering of $550,000,000 aggregate principal amount of 0.750% convertible senior notes due 2026 (the “notes”) in a private offering to qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended (the “Securities Act”). The offering size was increased from the previously announced offering size of $500,000,000 aggregate principal...

NEW YORK, June 14, 2021 (GLOBE NEWSWIRE) -- Vroom, Inc. (Nasdaq: VRM) (“Vroom”) today announced its intention to offer, subject to market and other conditions, $500,000,000 aggregate principal amount of convertible senior notes due 2026 (the “notes”) in a private offering to qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended (the “Securities Act”). Vroom also expects to grant the initial purchasers of the notes an option to purchase, for...

DALLAS, May 27, 2021 (GLOBE NEWSWIRE) -- Vroom , Inc. (Nasdaq:VRM), a leading ecommerce platform for buying and selling used vehicles, today announced the opening of a new Dallas hub and a more customized driveway experience for nearly 7 million people in over 1,000 zip codes within a 70-mile radius. Vroom has delivered in the Dallas area since the company was founded in 2012 and is now offering an experience that includes a more personalized concierge service where customer advocates transport...

DETROIT, May 06, 2021 (GLOBE NEWSWIRE) -- Vroom , Inc. (Nasdaq:VRM), a leading ecommerce platform for buying and selling used vehicles, today announced the launch of its local Detroit hub and more customized driveway experience for 3.4 million people in 740 zip codes within a 40-mile radius. Vroom has delivered in the Detroit area since the company was founded in 2012 and is now offering an experience that includes a more personalized concierge service where customer advocates transport cars...

LOS ANGELES, May 05, 2021 (GLOBE NEWSWIRE) -- Vroom , Inc. (Nasdaq:VRM), a leading ecommerce platform for buying and selling used vehicles, today announced the opening of a new Los Angeles hub and a more customized driveway experience for 13 million people in over 1,000 zip codes within a 50-mile radius. Vroom has delivered in the Los Angeles area since the company was founded in 2012 and is now offering an experience that includes a more personalized concierge service where customer advocates...

CHICAGO, May 04, 2021 (GLOBE NEWSWIRE) -- Vroom , Inc. (Nasdaq:VRM), a leading ecommerce platform for buying and selling used vehicles, today announced the opening of a new Chicago hub and a more customized driveway experience for 4.7 million people in 420 zip codes within a 25-mile radius. Vroom has delivered in the Chicago area since the company was founded in 2012 and is now offering an experience that includes a more personalized concierge service where customer advocates transport cars...

NEW YORK, April 27, 2021 (GLOBE NEWSWIRE) -- Vroom ( www.vroom.com ), a leading ecommerce platform for buying and selling used vehicles, today announced that it has added two new members to its Board of Directors, Paula B. Pretlow and Frederick O. Terrell. The new members bring decades of finance and business experience to the board. Paula Pretlow built her career helping company leaders maximize shareholder and stakeholder value—personally delivering hundreds of millions in revenue and...

NEW YORK, April 21, 2021 (GLOBE NEWSWIRE) -- Vroom, Inc. (Nasdaq: VRM), a leading e-commerce platform for buying and selling used vehicles, today announced that it will release its financial results for the first quarter ending March 31, 2021, after the market closes on Wednesday, May 12, 2021. Vroom management will discuss these results and other information regarding the Company during a conference call and audio webcast that same day at 5:00 p.m. ET. The conference call can be accessed via...

DENVER, April 14, 2021 (GLOBE NEWSWIRE) -- Vroom , Inc. (Nasdaq:VRM), a leading ecommerce platform for buying and selling used vehicles, today announced the opening of a new Denver hub and a more customized driveway experience for car buyers in a 100-mile radius of the city. Vroom has delivered in the Denver area since the company was founded in 2012 and is now offering an experience that includes a more personalized concierge service where customer advocates transport cars directly to car...

NEW YORK, Feb. 11, 2021 (GLOBE NEWSWIRE) -- Vroom, Inc. (Nasdaq: VRM), a leading e-commerce platform for buying and selling used vehicles, today announced that it will release its financial results for the fourth quarter and fiscal year ending December 31, 2020, after the market closes on Wednesday, March 3, 2021. Vroom management will discuss these results and other information regarding the Company during a conference call and audio webcast that same day at 5:00 p.m. ET. The conference call...

NEW YORK, Dec. 15, 2020 (GLOBE NEWSWIRE) -- Vroom ( www.vroom.com ), an innovative ecommerce platform that offers a better way to buy and sell used vehicles, today announced that it has entered into a definitive agreement to acquire CarStory, a leader in AI-powered analytics and digital services for automotive retail, through the acquisition of Vast Holdings, Inc. Leveraging its machine learning, informed by more than 7 million listings per day and more than 18 million consumer sessions per...

NEW YORK, Oct. 29, 2020 (GLOBE NEWSWIRE) -- Vroom, Inc. (Nasdaq: VRM), a leading e-commerce platform for buying and selling used vehicles, today announced that it will release its financial results for the third quarter ending September 30, 2020, after the market closes on Wednesday, November 11, 2020. Vroom management will discuss these results and other information regarding the Company during a conference call and audio webcast that same day at 5:00 p.m. ET. The conference call can be...

NEW YORK, Oct. 06, 2020 (GLOBE NEWSWIRE) -- Vroom ( www.vroom.com ), a leading ecommerce platform for buying and selling used vehicles, today announced an extension of its $450 million inventory financing agreement with Ally Financial Inc. (NYSE: ALLY), a leading digital financial services company. Ally has provided Vroom floorplan financing, which supports Vroom’s continued national growth as it transforms the used vehicle industry, since 2016. The amendment extends the original agreement...

Vroom Delivers Ahead of Growth Plan Ecommerce Unit Sales Up 74% NEW YORK, Aug. 12, 2020 (GLOBE NEWSWIRE) -- Vroom, Inc. (NASDAQ:VRM), a leading e-commerce platform for buying and selling used vehicles, today announced financial results for the second quarter ended June 30, 2020 (“Q2 2020”). HIGHLIGHTS OF SECOND QUARTER 2020 6,713 Ecommerce units sold, 1,110 TDA units sold, 3,259 Wholesale units sold Revenue of $253.1 million Gross profit of $7.6 million Adjusted EBITDA of $(39.0) million (a)...

NEW YORK, July 30, 2020 (GLOBE NEWSWIRE) -- Vroom , Inc. (Nasdaq: VRM), a leading e-commerce platform for buying and selling used vehicles, today announced that it will release its financial results for the second quarter ending June 30, 2020, after the market closes on Wednesday, August 12, 2020. Vroom management will discuss these results and other information regarding the Company during a conference call and audio webcast that same day at 5:00 p.m. ET. The conference call can be accessed via...