Vroom

Vroom Completes Business Wind-Down; Shifts Focus to Core Assets
Vroom Completes Business Wind-Down; Shifts Focus to Core Assets
September 23, 2024  |  Transportation

In a move to redefine its future, used car digital marketplace Vroom on Tuesday (Sept. 23) said it completed the wind-down of its eCommerce and...

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BNPL Firms Save the Day as CE 100 Breaks Even for Week
BNPL Firms Save the Day as CE 100 Breaks Even for Week
September 02, 2024  |  Connected Economy

It doesn’t have a dedicated heading in the Connected Economy, but the Buy Now, Pay Later sector of the “pay and get paid” pillar tore...

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CE 100 Index Surges 4.7% as Vroom Steers Toward Double-Digit Growth
CE 100 Index Surges 4.7% as Vroom Steers Toward Double-Digit Growth
August 19, 2024  |  Connected Economy

Earnings were everywhere this past week, propelling the CE 100 Index 4.7% higher, and any losses seen among our names were negligible.  In fact, most...

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CE 100 Index Q4 Wrap-Up and Q1 Outlook
CE 100 Index Q4 Wrap-Up and Q1 Outlook
August 12, 2024  |  Connected Economy

The CE 100 Index lost 0.2% last week in the wake of earnings reports that, over the course of the past several days, have moved...

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FTC Says Vroom Agrees to $1 Million Settlement
FTC Says Vroom Agrees to $1 Million Settlement
July 02, 2024  |  Legal

Vroom, the online used car dealer that discontinued its eCommerce operations in January, has reportedly agreed to a proposed settlement that would include it paying $1 million...

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CE 100 Up 1.6%, Led by Tencent’s Rally After Earnings
CE 100 Up 1.6%, Led by Tencent’s Rally After Earnings
May 20, 2024  |  Connected Economy

The CE 100 Index gathered 1.6% in a week that saw nine of the 10 pillars gain ground. The lone pillar to decline was the...

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Vroom Completes Wind-Down of eCommerce, Used Vehicle Dealership Businesses
Vroom Completes Wind-Down of eCommerce, Used Vehicle Dealership Businesses
April 05, 2024  |  eCommerce

Vroom completed the previously announced wind-down of its eCommerce and used vehicle dealership businesses. The company ended transactions through vroom.com, completed previously contracted transactions, sold “substantially all”...

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Earnings Season Shows Some Momentum for Online Car Platforms
Earnings Season Shows Some Momentum for Online Car Platforms
March 14, 2024  |  Retail

Through the past several months, buying a car — used or new — has been, to put it mildly, out of reach. Inflation has run...

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Online Car Platforms Bet on Digital Transformation to Drive Sales Growth
Online Car Platforms Bet on Digital Transformation to Drive Sales Growth
February 28, 2024  |  eCommerce

For online car platforms, the road to profitability has been volatile and oftentimes elusive. “Inventory’s been lumpy, aging and — in the age of (still)...

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