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

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

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Vroom in a report on Monday, December 29th. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the stock presently has a consensus rating of “Sell”.

Vroom Stock Performance

The stock has a 50-day simple moving average of $16.31 and a 200 day simple moving average of $21.13. The company has a debt-to-equity ratio of 3.97, a current ratio of 3.33 and a quick ratio of 3.33. The company has a market capitalization of $70.51 million, a PE ratio of -0.51 and a beta of 1.26.

Institutional Investors Weigh In On Vroom

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

Vroom Company Profile

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.