VROOM- STOCK PRICE SPUTTERS BUT HOPE REMAINS

The price of Vroom (VRM $1.43)- having quadrupled in the previous 3 months dropped in half with the release  of the second quarter. While the EBITDA loss for the quarter dropped from $64M to $56M, this still gloomy number broke the stock on the day of the earnings release by 30%.

These results were consistent with Vroom’s guidance. As expected the sales …