Vroom (NASDAQ:VRM) Trading Up 14.7% – What’s Next?

Vroom, Inc. (NASDAQ:VRM)’s share price shot up 14.7% during mid-day trading on Monday . The company traded as high as $19.82 and last traded at $13.56. 79,900 shares changed hands during mid-day trading, an increase of 724% from the average session volume of 9,691 shares. The stock had previously closed at $11.82.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reiterated a “sell (d-)” rating on shares of Vroom in a research report on Monday, December 29th. One investment analyst has rated the stock with a Sell rating, According to MarketBeat.com, Vroom currently has a consensus rating of “Sell”.

Vroom Price Performance

The firm has a fifty day moving average of $16.11 and a two-hundred day moving average of $20.99. The company has a current ratio of 3.33, a quick ratio of 3.33 and a debt-to-equity ratio of 3.97. The company has a market capitalization of $69.16 million, a PE ratio of -0.50 and a beta of 1.26.

Institutional Trading of Vroom

Institutional investors have recently made changes to their positions in the stock. JPMorgan Chase & Co. raised its holdings in Vroom by 129.5% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,368 shares of the company’s stock valued at $37,000 after buying an additional 772 shares during the last quarter. Russell Investments Group Ltd. bought a new stake in Vroom in the 3rd quarter worth $47,000. New York State Common Retirement Fund purchased a new position in shares of Vroom in the second quarter valued at about $103,000. General Catalyst Group Management LLC bought a new position in shares of Vroom during the second quarter valued at about $218,000. Finally, Mudrick Capital Management L.P. raised its stake in shares of Vroom by 0.4% during the second quarter. Mudrick Capital Management L.P. now owns 3,967,251 shares of the company’s stock valued at $113,106,000 after acquiring an additional 15,020 shares during the last quarter. Hedge funds and other institutional investors own 25.79% of the company’s stock.

About Vroom

Vroom, Inc operates as an automotive finance company. The company offers vehicle financing to its customers through third party dealers under the UACC brand. It also provides artificial intelligence powered analytics and digital services to dealers, automotive financial services companies, and others in the automotive industry for automotive retail. The company was formerly known as Auto America, Inc and changed its name to Vroom, Inc in July 2015. Vroom, Inc was incorporated in 2012 and is based in Houston, Texas.