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.
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.