Vroom, Inc. operates as an online automotive retail platform, focusing on the sale of pre-owned vehicles throughout the United States. The company offers a comprehensive digital ecosystem that manages all aspects of the car ownership journey, from acquiring and refurbishing vehicles to setting prices, arranging financing, handling registration, and finally delivering them to customers. Initially incorporated in 2012, the firm was formerly known as Auto America, Inc. before rebranding to Vroom, Inc. in July 2015. Its primary operations are based in New York, New York.
Vroom Announces Second Quarter 2026 Results
Vroom reported its first-ever quarterly net income of $0.6 million and adjusted net income of $1.5 million, driven by a 45% reduction in realized and unrealized losses year-over-year.
The company strengthened its balance sheet by exchanging $28.5 million of existing notes for a $50 million Senior Secured Delayed Draw Convertible Note due 2032, ending the quarter with $63.9 million in total liquidity.
Management raised full-year 2026 guidance for indirect origination volume to $475-$515 million and expects an adjusted net loss of ($25)-($30) million.