"...Vroom's off to a fantastic start as it soared as high as 115% during its Tuesday initial public offering. Is it really possible Vroom could race 775% higher over the next three years?
.....Vroom's online used-car buying platform offers a number of solutions for consumers, including reducing the time spent at traditional dealerships with what many consumers consider untrustworthy and high-pressure sales tactics. COVID-19 has accelerated what Vroom and Carvana have already proven about consumers' desire to complete more of a vehicle purchase online, away from the dealership, using market-based pricing, guaranteed purchase offers, real-time financing, and vehicle delivery options. Another problem Vroom solves is that an online selection of vehicles can dwarf the offering of traditional brick-and-mortar used-car dealerships. Vroom already offers online shoppers access to thousands of fully reconditioned vehicles, and that selection will only grow as the company increases its network and business footprint.
A commonly overlooked solution that Vroom provides is a sense of safety and simplicity if you're selling your vehicle.
....Many don't realize just how incredibly fractured the used-car industry is. In fact, its top 100 dealers account for only 8.6% of market share, leaving immense runway for asset-light business models such as Vroom's to expand market share using competitive advantages and e-commerce prowess.....
Vroom has seen a jump in many metrics, including a 130% increase in average monthly users during first quarter 2020 compared with the prior year, a 148% increase in e-commerce units sold, and a 72% jump in vehicles available for sale -- all over the same time period. Vroom's revenue grew 39% in 2019 compared with the prior year, and in Q1 2020 the company posted an accelerated 60% jump in revenue compared with the prior year's quarter, which suggests growth is still accelerating.....
www.fool.com/investing/2020/06/12/...-to-race-775-higher.aspx
.....Vroom's online used-car buying platform offers a number of solutions for consumers, including reducing the time spent at traditional dealerships with what many consumers consider untrustworthy and high-pressure sales tactics. COVID-19 has accelerated what Vroom and Carvana have already proven about consumers' desire to complete more of a vehicle purchase online, away from the dealership, using market-based pricing, guaranteed purchase offers, real-time financing, and vehicle delivery options. Another problem Vroom solves is that an online selection of vehicles can dwarf the offering of traditional brick-and-mortar used-car dealerships. Vroom already offers online shoppers access to thousands of fully reconditioned vehicles, and that selection will only grow as the company increases its network and business footprint.
A commonly overlooked solution that Vroom provides is a sense of safety and simplicity if you're selling your vehicle.
....Many don't realize just how incredibly fractured the used-car industry is. In fact, its top 100 dealers account for only 8.6% of market share, leaving immense runway for asset-light business models such as Vroom's to expand market share using competitive advantages and e-commerce prowess.....
Vroom has seen a jump in many metrics, including a 130% increase in average monthly users during first quarter 2020 compared with the prior year, a 148% increase in e-commerce units sold, and a 72% jump in vehicles available for sale -- all over the same time period. Vroom's revenue grew 39% in 2019 compared with the prior year, and in Q1 2020 the company posted an accelerated 60% jump in revenue compared with the prior year's quarter, which suggests growth is still accelerating.....
www.fool.com/investing/2020/06/12/...-to-race-775-higher.aspx
