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Vroom falls more than 12% after wider quarterly loss

MarketWatch logo MarketWatch 3/3/2021 Claudia Assis
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MARKET PULSE

Shares of Vroom Inc. fell more than 12% in the extended session Wednesday after the online used-car retailer reported a wider-than-expected adjusted fourth-quarter loss. Vroom said it lost $60.7 million, or 46 cents a share, in the quarter, compared with a loss of $42.7 million in the year-ago quarter. Adjusted for one-time items, Vroom lost 44 cents a share. Revenue rose 14.1% to $405.8 million, Vroom said. Analysts polled by FactSet expected Vroom to report an adjusted loss of 37 cents on sales of $401.2 million in the quarter. For the full-year 2021, Vroom guided for a net loss per share between 61 cents and 68 cents. Shares of Vroom, which had its IPO in June, ended the regular trading day down 8.3%.

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