Intercontinental Wealth Advisors LLC Takes Position in Vroom, Inc. (NASDAQ:VRM)

Intercontinental Wealth Advisors LLC acquired a new stake in shares of Vroom, Inc. (NASDAQ:VRM – Get Rating) during the 1st quarter, according to its most recent 13F filing with the SEC. The firm acquired 10,431 shares of the company’s stock, valued at approximately $28,000.

Several other institutional investors and hedge funds have also recently modified their holdings of VRM. Krilogy Financial LLC purchased a new position in Vroom during the first quarter valued at $27,000. Keystone Wealth Services LLC purchased a new position in Vroom during the first quarter valued at $32,000. Kestra Advisory Services LLC purchased a new position in Vroom during the first quarter valued at $37,000. Lazard Asset Management LLC purchased a new position in Vroom during the fourth quarter valued at $100,000. Finally, Ensign Peak Advisors Inc purchased a new position in Vroom during the fourth quarter valued at $119,000. 83.92% of the stock is currently owned by institutional investors.

Vroom Stock Up 28.9 %

NASDAQ:VRM opened at $2.32 on Friday. The company has a market cap of $320.32 million, a PE ratio of -0.53 and a beta of 1.85. Vroom, Inc. has a twelve month low of $1.03 and a twelve month high of $39.48. The company has a current ratio of 1.83, a quick ratio of 1.10 and a debt-to-equity ratio of 1.13. The company’s 50 day moving average is $1.45 and its two-hundred day moving average is $2.89.

Vroom (NASDAQ:VRM – Get Rating) last released its earnings results on Monday, May 9th. The company reported ($0.71) earnings per share for the quarter, topping the consensus estimate of ($1.03) by $0.32. The company had revenue of $923.50 million for the quarter, compared to the consensus estimate of $878.18 million. Vroom had a negative net margin of 17.18% and a negative return on equity of 41.73%. Vroom’s revenue was up 56.2% compared to the same quarter last year. During the same quarter in the previous year, the firm earned ($0.57) EPS. Analysts anticipate that Vroom, Inc. will post -3.06 EPS for the current year.

Analyst Ratings Changes

A number of equities analysts have commented on VRM shares. Wedbush reissued an “outperform” rating on shares of Vroom in a research note on Tuesday, May 10th. Stifel Nicolaus lowered their target price on shares of Vroom from $2.00 to $1.50 in a report on Tuesday, June 28th. Finally, William Blair lowered shares of Vroom from an “outperform” rating to a “market perform” rating in a report on Thursday, April 28th. Six equities research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to MarketBeat.com, Vroom presently has a consensus rating of “Hold” and a consensus target price of $16.28.

About Vroom

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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.