Vroom

CE 100 Index Q4 Wrap-Up and Q1 Outlook
CE 100 Index Q4 Wrap-Up and Q1 Outlook
August 12, 2024  |  Connected Economy

The CE 100 Index lost 0.2% last week in the wake of earnings reports that, over the course of the past several days, have moved...

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FTC Says Vroom Agrees to $1 Million Settlement
FTC Says Vroom Agrees to $1 Million Settlement
July 02, 2024  |  Legal

Vroom, the online used car dealer that discontinued its eCommerce operations in January, has reportedly agreed to a proposed settlement that would include it paying $1 million...

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CE 100 Up 1.6%, Led by Tencent’s Rally After Earnings
CE 100 Up 1.6%, Led by Tencent’s Rally After Earnings
May 20, 2024  |  Connected Economy

The CE 100 Index gathered 1.6% in a week that saw nine of the 10 pillars gain ground. The lone pillar to decline was the...

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Vroom Completes Wind-Down of eCommerce, Used Vehicle Dealership Businesses
Vroom Completes Wind-Down of eCommerce, Used Vehicle Dealership Businesses
April 05, 2024  |  eCommerce

Vroom completed the previously announced wind-down of its eCommerce and used vehicle dealership businesses. The company ended transactions through vroom.com, completed previously contracted transactions, sold “substantially all”...

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Earnings Season Shows Some Momentum for Online Car Platforms
Earnings Season Shows Some Momentum for Online Car Platforms
March 14, 2024  |  Retail

Through the past several months, buying a car — used or new — has been, to put it mildly, out of reach. Inflation has run...

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Online Car Platforms Bet on Digital Transformation to Drive Sales Growth
Online Car Platforms Bet on Digital Transformation to Drive Sales Growth
February 28, 2024  |  eCommerce

For online car platforms, the road to profitability has been volatile and oftentimes elusive. “Inventory’s been lumpy, aging and — in the age of (still)...

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CE 100 Index Advances 1.5% as Netflix Surges on Subscriber Gains
CE 100 Index Advances 1.5% as Netflix Surges on Subscriber Gains
January 29, 2024  |  Connected Economy

The earnings roll in, and the stocks gyrate — a roller coaster that happens every three months. The CE 100 Stock Index gained 1.5%, as...

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Vroom Exiting Car Sales, Focusing on Finance and AI Services
Vroom Exiting Car Sales, Focusing on Finance and AI Services
January 22, 2024  |  eCommerce

Vroom is winding down its eCommerce operations and discontinuing its used vehicle dealership business.  The company aims to preserve liquidity and maximize stakeholder value through its...

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CE 100 Index Starts Off 2024 With a 2.6% Loss
CE 100 Index Starts Off 2024 With a 2.6% Loss
January 08, 2024  |  Connected Economy

Out with the old and in with the new, as they say. For the CE 100 Index, completing its first (shortened) week of trading, the...

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