olivLaw · US equity research
Vroom, Inc. VRM
Retail-Auto Dealers & Gasoline Stations · SIC 5500 · Vertical: Retail-Auto Dealers & Gasoline Stations (SIC 5500)
Vroom, Inc. (VRM) is a holding company whose main operating businesses are UACC, a non-prime auto finance lender working through dealers, and CarStory, an AI-based analytics platform for the auto industry. After exiting Chapter 11 in 2025 and winding down online sales, the company says it posted its first positive net income in the second quarter of 2026, with 63.9 million USD of total available liquidity.
At the close of 04 Nov 2026, Vroom, Inc. (VRM) stock was 7.00 USD (−3.85% on the day), with market capitalisation 36.5 m USD, beta 0.87, 52-week range 6.90–26.33 USD. Latest reported quarter (Q2 2026): net income of 628.0 k USD, diluted EPS -0.01 USD.
Data as of · AI analysis dated · Source: SEC filings and closing prices, computed by olivLaw.
Price history
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Technical reading
- RSI (14)
- 32.0
- weak (30–45)
- Bollinger (20, 2)
- 6.92 – 9.60
- in the lower half of the band · %B 0.03 · band width 32.5%
- SMA 50 / 200
- 9.12 / 11.53
- downtrend (price < SMA50 < SMA200)
- MACD (12, 26, 9)
- -0.54 / -0.42
- MACD below signal
Indicators describe past prices; on their own they do not predict direction. On our history the RSI ≤ 40 filter added no return (see the signals methodology).
Performance
| Company | S&P 500 | vs S&P 500 | Vertical median | |
|---|---|---|---|---|
| 1 month | −22.4% | −2.0% | −20.4 pp | — |
| 3 months | −26.6% | −2.2% | −24.4 pp | — |
| 6 months | −41.4% | +4.3% | −45.7 pp | — |
| Year to date | −64.8% | +10.6% | −75.4 pp | — |
| 1 year | −69.3% | +10.5% | −79.7 pp | +0.3% |
| 3 years | unavailable | +73.7% | unavailable | +8.9% |
| 5 years | unavailable | +61.7% | unavailable | — |
Price returns, dividends excluded.
Quarterly results
Latest quarter: Q2 2026 · 30 Jun 2026
Quarterly margins
Quarterly statements · USD
| Fiscal year | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 | Q2 '26 |
|---|---|---|---|---|---|---|---|---|
| Depreciation & amortisation | 7.1 m | 7.1 m | 575.0 k | 742.0 k | 998.0 k | 1.0 m | 1.3 m | 1.5 m |
| Interest expense | 1.6 m | 1.3 m | 480.0 k | 698.0 k | 706.0 k | 913.0 k | 1.2 m | 1.1 m |
| Pre-tax income | -37.6 m | -36.3 m | -6.3 m | -8.9 m | -27.0 m | -11.6 m | -18.9 m | 531.0 k |
| Income tax | 124.0 k | 463.0 k | 150.0 k | 59.0 k | 144.0 k | -59.0 k | 192.0 k | -24.0 k |
| Net income | -39.7 m | -36.6 m | -6.4 m | -8.5 m | -26.8 m | -11.4 m | -19.1 m | 628.0 k |
| Diluted EPS | -21.99 | -19.77 ≈ | -1.23 | -1.65 | -5.15 | -2.19 ≈ | -3.77 | -0.01 |
| Operating cash flow | -31.7 m ≈ | -22.1 m | 16.8 m | 17.7 m ≈ | 19.4 m ≈ | 21.2 m | 18.4 m | 18.6 m ≈ |
| Capex | 1.2 m ≈ | 1.4 m | 1.5 m | 1.7 m ≈ | 2.2 m ≈ | 1.7 m | 1.5 m | 1.3 m ≈ |
≈ derived quarter (cumulative difference / share-days average)
E/P over time
E/P = trailing-12-month diluted EPS / price at quarter end. E/P is the inverse of P/E and stays defined when earnings are negative.
Fiscal years
| Fiscal year | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 855.4 m | 1.2 bn | 1.4 bn | 3.2 bn | 1.9 bn | 893.2 m | unavailable | unavailable |
| Revenue YoY | unavailable | +39.3% | +13.9% | +134.5% | −38.8% | −54.2% | unavailable | unavailable |
| Net income | -85.2 m | -143.0 m | -202.8 m | -370.9 m | -451.9 m | -364.6 m | -165.1 m | -53.1 m |
| Net income YoY | unavailable | unavailable | unavailable | unavailable | unavailable | unavailable | unavailable | unavailable |
| Diluted EPS | unavailable | unavailable | -2.76 | -2.72 | -262.15 | -209.17 | -91.07 | -10.24 |
| Diluted EPS YoY | unavailable | unavailable | unavailable | unavailable | unavailable | unavailable | unavailable | unavailable |
| net % | -10.0% | -12.0% | -14.9% | -11.6% | -23.2% | -40.8% | unavailable | unavailable |
| Free cash flow | -67.0 m | -219.2 m | -366.6 m | -597.1 m | -133.3 m | -536.3 m | -100.5 m | 68.1 m |
Reported results vs expectations
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Balance sheet & financial health
Fiscal year 2025 · 31 Dec 2025
- Cash
- 10.4 m USD
- Financial debt
- 423.2 m USD
- Net debt
- 412.8 m USD
- Equity
- 116.6 m USD
- Total assets
- 937.4 m USD
- Debt / equity
- 3.63x
- Current ratio
- unavailable
- ROE
- unavailable
- ROA
- -5.3%
- FCF margin
- unavailable
Financial statements (source on every figure)
Revenue and net income (USD)
Margins
Income statement · USD
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Source (latest year) |
|---|---|---|---|---|---|---|---|
| Revenue | 1.4 bn | 3.2 bn | 1.9 bn | 893.2 m | — | — | SEC (XBRL)· 13 Mar 2024verified |
| Cost of revenue | 1.3 bn | 3.0 bn | 1.7 bn | 731.3 m | — | — | SEC (XBRL)· 13 Mar 2024verified |
| Gross profit | 71.5 m | 202.1 m | 244.8 m | 161.9 m | — | — | SEC (XBRL)· 13 Mar 2024verified |
| SG&A | 245.5 m | 547.8 m | 566.4 m | 340.7 m | — | — | SEC (XBRL)· 13 Mar 2024verified |
| Operating income | -178.6 m | -358.6 m | -571.8 m | -270.2 m | — | — | SEC (XBRL)· 13 Mar 2024verified |
| Depreciation & amortisation | 4.7 m | 13.2 m | 38.7 m | 29.1 m | 29.1 m | 3.4 m | SEC (XBRL)· 26 Mar 2026verified |
| EBITDA | -173.9 m ≈ | -345.4 m ≈ | -533.1 m ≈ | -241.1 m ≈ | — | — | SEC (XBRL)· 13 Mar 2024derived |
| Interest expense | 9.7 m | 21.9 m | 40.7 m | 45.4 m | 5.8 m | 2.8 m | SEC (XBRL)· 26 Mar 2026verified |
| Pre-tax income | -202.7 m | -370.2 m | -471.6 m | -84.5 m | -137.4 m | -53.8 m | SEC (XBRL)· 26 Mar 2026verified |
| Income tax | 84.0 k | 754.0 k | -19.7 m | 642.0 k | 856.0 k | 294.0 k | SEC (XBRL)· 26 Mar 2026verified |
| Net income | -202.8 m | -370.9 m | -451.9 m | -364.6 m | -165.1 m | -53.1 m | SEC (XBRL)· 26 Mar 2026verified |
| Diluted EPS | -2.76 | -2.72 | -262.15 | -209.17 | -91.07 | -10.24 | SEC (XBRL)· 26 Mar 2026verified |
| Weighted average diluted shares | 73.3 m | 136.4 m | 1.7 m | 1.7 m | 1.8 m | 5.2 m | SEC (XBRL)· 26 Mar 2026verified |
≈ computed by olivLaw from the reported lines of the same year: Operating income + Depreciation & amortisation.
Balance sheet · USD
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Source (latest year) |
|---|---|---|---|---|---|---|---|
| Cash | 1.1 bn | 1.1 bn | 398.9 m | 135.6 m | 29.3 m | 10.4 m | SEC (XBRL)· 26 Mar 2026verified |
| Receivables | 60.6 m | 105.4 m | 0 | 9.1 m | — | — | SEC (XBRL)· 13 Mar 2024verified |
| Inventories | 423.6 m | 726.4 m | 320.6 m | 163.3 m | — | — | SEC (XBRL)· 13 Mar 2024verified |
| Current assets | 1.6 bn | 2.1 bn | 814.2 m | 952.6 m | — | — | SEC (XBRL)· 13 Mar 2024verified |
| Property, plant & equipment, net | 15.1 m | 37.0 m | 4.5 m | 5.0 m | 4.1 m | 6.7 m | SEC (XBRL)· 26 Mar 2026verified |
| Goodwill | 78.2 m | 158.8 m | 0 | 0 | — | — | SEC (XBRL)· 13 Mar 2024verified |
| Intangibles (excl. goodwill) | 34.0 k | 28.2 m | 158.9 m | 131.9 m | 104.9 m | 12.4 m | SEC (XBRL)· 26 Mar 2026verified |
| Total assets | 1.7 bn | 2.4 bn | 1.6 bn | 1.5 bn | 1.1 bn | 937.4 m | SEC (XBRL)· 26 Mar 2026verified |
| Accounts payable | 32.9 m | 52.7 m | 0 | 26.8 m | — | — | SEC (XBRL)· 13 Mar 2024verified |
| Short-term debt | — | — | 47.2 m | 172.4 m | — | — | SEC (XBRL)· 13 Mar 2024verified |
| Long-term debt | — | 610.6 m | 402.2 m | 454.2 m | 381.4 m | 423.2 m | SEC (XBRL)· 26 Mar 2026verified |
| Current liabilities | 482.7 m | 827.3 m | 229.5 m | 856.8 m | — | — | SEC (XBRL)· 13 Mar 2024verified |
| Total liabilities | 497.0 m | 1.5 bn | 1.1 bn | 1.3 bn | 1.1 bn | 820.8 m | SEC (XBRL)· 26 Mar 2026verified |
| Equity | 1.2 bn † | 915.2 m † | 479.8 m † | 127.7 m † | -30.9 m † | 116.6 m † | SEC (XBRL)· 26 Mar 2026verified |
† equity attributable to the parent's shareholders: in these years the issuer no longer reports the total including non-controlling interests.
Cash flow · USD
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Source (latest year) |
|---|---|---|---|---|---|---|---|
| Operating cash flow | -355.3 m | -568.7 m | -109.1 m | -533.7 m | -97.0 m | 75.2 m | SEC (XBRL)· 26 Mar 2026verified |
| Capex | 11.3 m | 28.4 m | 24.2 m | 2.6 m | 3.5 m | 7.1 m | SEC (XBRL)· 26 Mar 2026verified |
| Free cash flow | -366.6 m ≈ | -597.1 m ≈ | -133.3 m ≈ | -536.3 m ≈ | -100.5 m ≈ | 68.1 m ≈ | SEC (XBRL)· 26 Mar 2026derived |
| Investing cash flow | -11.3 m | -104.3 m | -164.2 m | 173.2 m | 132.6 m | -108.2 m | SEC (XBRL)· 26 Mar 2026verified |
| Financing cash flow | 1.2 bn | 797.7 m | -469.5 m | 97.3 m | -166.0 m | 37.9 m | SEC (XBRL)· 26 Mar 2026verified |
| Share repurchases | 1.8 m | — | — | — | — | — | SEC (XBRL)· 03 Mar 2021verified |
≈ computed by olivLaw from the reported lines of the same year: Operating cash flow − Capex.
Computed indicators
Growth
Profitability
Returns
Balance sheet
Liquidity
Cash
Efficiency
Market and valuation
1 indicators that do not apply to the sector.
Valuation
olivLaw classification
- indicators available: 2 of at least 6
- score weight coverage: 16.7% of at least 60%
A scoring methodology on indicators and valuation, not investment advice.
Closing price
04 Nov 2026Source: olivLaw, closing series
Market cap: 36.5 m USD
Key indicators
Coverage and freshness
Score by group
17% · Insufficient data
Estimated value range
The combined range = the median of the valid methods' low, central and high values; it is not a probability interval and does not cover every result. Envelope of all methods: 195.48 – 800.81 USD.
Valuation assumptions are editorial choices, not measured; beta is not measured.
Method ranges (USD per share)
— — Mid · ▏ Price
Valuation methods
- DCF (discounted cash flow)195.48 – 800.81 (Mid 338.22)WACC 5.3% · starting FCFF 74.2 m USD · terminal value share of EV 87%The WACC × g sensitivity gives the method's bounds; these are not probabilities.Reverse DCF: no growth between −30% and +40% justifies the price
- Peers: EV/EBITDAunavailable · input data missing
- Peers: P/Eunavailable · the base of the ratio is not positive
- Dividend discount (DDM)unavailable · the company pays no dividend: a dividend model needs an explicit initiation assumption
Classification (SIC) comparables group by industry code, not by economic activity; the direct group is an editorial selection by activity. Members' multiples are on their own trailing twelve months, at their own latest close.
Assumptions (illustrative, editorial)
- Risk-free rate
- 4.3%
- Equity risk premium
- 5.0%
- Beta (default)
- 1.00
- Cost of equity
- 9.3%
- Terminal growth
- 2.5%
Factor scorecard
Insufficient data
Minimum-evidence gate: indicators available: 2 of at least 6; score weight coverage: 16.7% of at least 60%
| Factor | Value | Score | Weight used |
|---|---|---|---|
| ROIC · Quality | unavailable | unavailable | — |
| Net margin · Quality | unavailable | unavailable | — |
| FCF conversion · Quality | unavailable | unavailable | — |
| Revenue CAGR 3Y · Growth | -13.0% | 0 (on a fixed band) | 50% |
| EPS CAGR 3Y · Growth | unavailable | unavailable | — |
| Net debt / EBITDA · Balance sheet | unavailable | unavailable | — |
| Interest coverage · Balance sheet | unavailable | unavailable | — |
| Current ratio · Balance sheet | unavailable | unavailable | — |
| P/E (TTM) · Valuation | unavailable | unavailable | — |
| EV/EBITDA · Valuation | unavailable | unavailable | — |
| FCF yield · Valuation | 194.6% | 100 (on a fixed band) | 50% |
| Shareholder yield (distributions) · Returns | unavailable | unavailable | — |
| Payout ratio (FCF) · Returns | unavailable | unavailable | — |
Factors without a value were dropped; the remaining weights were renormalised.
Score groups
- Balance sheet· partialunavailable · 0/3 factors with a value
- Growth· partial0/100 · 1/2 factors with a value
- Quality· partialunavailable · 0/3 factors with a value
- Returns· partialunavailable · 0/2 factors with a value
- Valuation· partial100/100 · 1/3 factors with a value
A «partial» group is computed from under half of its weight or from one factor: it is not a full assessment of the group.
Memo
VROOM, INC. (VRM). Latest full fiscal year: 2023; data up to 2026-06-30.
Figures computed from the financial statements: revenue 893.2 m USD in 2023; YoY growth -54.2%; ROE -45.0%.
The estimated value range is 195.48–800.81 USD per share (median of 1 methods, agreement: single method); assumptions are illustrative. Against the central value of 338.22 USD, the price of 7.00 USD leaves a potential of 4,731.7% (value / price − 1) and a margin of safety of 97.9% (1 − price / value). The range is the median of the methods' low, central and high values, not a probability interval.
Insufficient data for a verdict (indicators available: 2 of at least 6; score weight coverage: 16.7% of at least 60%).
Text generated deterministically from the figures shown; no language model. Not investment advice.
What supports the thesis
- FCF yield: 194.6%
- The price is below the estimated value range
What contradicts it
- Revenue CAGR 3Y: -13.0%
Not assessed (insufficient data or a ratio without meaning): ROIC, Net margin, FCF conversion, EPS CAGR 3Y, Net debt / EBITDA, Interest coverage, Current ratio, P/E (TTM), EV/EBITDA, Shareholder yield (distributions), Payout ratio (FCF).
Versus the vertical median
Retail-Auto Dealers & Gasoline Stations (SIC 5500) · same industry (4-digit SIC) · compared with 18 companies
Multiples and returns vs the median
Price rebased to 100 (monthly, 5 years)
Companies in the vertical
| Market cap | P/E | ROE | Net margin | Revenue YoY | 1A / 3A | |
|---|---|---|---|---|---|---|
| CPRTCopart, Inc. | 28.8 bn | 20.0 | 16.2% | 31.8% | +0.4% | −20% / −38% |
| CASYCasey’s General Stores, Inc. | 24.6 bn | 32.0 | 20.0% | 4.1% | +10.2% | +17% / +142% |
| PAGPenske Automotive Group, Inc. | 13.9 bn | 15.5 | 15.5% | 2.8% | −0.2% | +31% / +42% |
| MUSAMurphy USA Inc. | 9.1 bn | 14.1 | 99.0% | 2.9% | −4.2% | +30% / +36% |
| KMXCarmax, Inc. | 7.8 bn | 26.9 | 4.7% | 1.1% | −1.8% | +43% / −14% |
| LADLithia Motors, Inc. | 6.8 bn | 9.1 | 11.8% | 2.1% | +4.0% | −1% / +18% |
| ANAutonation, Inc. | 5.9 bn | 8.8 | 30.2% | 2.6% | +3.2% | −13% / +36% |
| OPLNOPENLANE, Inc. | 4.5 bn | 24.5 | 13.4% | 9.7% | +8.2% | +44% / +151% |
| ABGAsbury Automotive Group, Inc. | 3.8 bn | 8.3 | 11.8% | 2.7% | +4.7% | −10% / −0% |
| GPIGroup 1 Automotive, Inc | 3.3 bn | 8.6 | 12.4% | 1.7% | +13.2% | −32% / −3% |
| NXXTNextnrg, Inc. | 427.3 m | — | — | -61.3% | +194.7% | +108% / −43% |
| VRMVroom, Inc. | 36.5 m | — | -45.0% | — | −54.2% | −69% / unavailable |
| KXINKaixin Holdings | 12.2 m | — | -307.2% | -41,788.4% | unavailable | −96% / −100% |
| CRMTAmerica’s Car-Mart, Inc. | 10.5 m | — | -43.0% | -18.6% | −7.9% | −94% / −98% |
| JZXNJiuzi Holdings Inc. | 1.4 m | — | -90.7% | -353.5% | +105.9% | −86% / −100% |
| RUSHARush Enterprises, Inc. | — | 14.0 | 11.8% | 3.7% | −4.7% | +33% / +75% |
| CVNACarvana Co. | 0 | 0.0 | 51.5% | 6.2% | +48.6% | +4% / +1,138% |
| CWHCamping World Holdings, Inc. | 0 | — | -33.2% | -1.6% | +4.4% | −52% / −74% |
| SAHSonic Automotive, Inc. | — | 10.3 | 19.4% | 1.3% | +6.5% | +2% / +25% |
1- and 3-year price returns: for VRM from daily closes (the same as the performance table), for the other companies from month-end closes.
olivLaw engine forecast
The world engine ran after the company's latest material disclosure. Probabilities are of TOUCHING a level within the horizon (not closing there) and sit next to the random walk (p_rw), the no-information benchmark.
The engine has no published run for this company yet.
Valuation scenarios (editable assumptions)
Illustrative scenarios
Scenarios are not available. input data missing
AI analysis
AI-generatedAI-generated analysis (Claude) from cited public sources; it may contain errors. Not investment advice. As of 27 Oct 2026 · Model: claude-haiku-5-5.
In brief
Vroom, Inc. (VRM) is a holding company whose main operating businesses are UACC, a non-prime auto finance lender working through dealers, and CarStory, an AI-based analytics platform for the auto industry. After exiting Chapter 11 in 2025 and winding down online sales, the company says it posted its first positive net income in the second quarter of 2026, with 63.9 million USD of total available liquidity 3.
SWOT
Strengths
- UACC has a long history in auto finance and a broad dealer network, with automated underwriting and contract servicing capabilities.
- CarStory holds a large vehicle database and patented pricing models, giving it a technology edge in analytics.
- The post-reorganization capital structure carries no large debt at parent level, which provides flexibility.
Weaknesses
- The company has a history of losses over many years and depends on UACC results, which carry high losses because of the non-prime profile.
- CarStory revenue has fallen and is concentrated in a small number of customers, with limited investment in growing the base.
- Liquidity is tight and warehouse facilities have short renewal dates, which puts pressure on funding.
Opportunities
- If UACC losses decline, profitability could become sustained, and new data and models could improve risk precision.
- Expanding the dealer program and near-prime products could open new customer segments.
- Adoption of AI in pricing and auto marketing could raise demand for CarStory services if the company modernizes its products.
Threats
- Rising interest rates and inflation could reduce borrowers' ability to pay and increase credit losses.
- Tighter access to securitization or warehouse funding could limit the ability to finance new loans.
- Consumers searching through AI tools could reduce online traffic and CarStory revenue if the company does not adapt.
Risks
- Losses in the non-prime portfoliohigh
UACC's customers present higher delinquency and loss levels than traditional lenders, and a weaker economy could hurt profitability.
- Reliance on funding facilitieshigh
UACC's lending depends on warehouse facilities and securitizations; expiry or lower advance rates could block new origination.
- Higher-cost debtmedium
New notes and SOFR-linked preferred distributions expose the company to interest rate risk and payment obligations that could reduce liquidity.
- Track record of lossesmedium
The company was not profitable from inception until the recent quarter, and a weak future quarter could revive investor concern.
- CarStory customer concentrationlow
CarStory revenue depends on a small number of customers, and losing one could significantly affect the division's revenue.
Investment thesis
What would need to be true (bull case)
- The first quarter with positive net income and adjusted net income in company history suggests that better scoring models at UACC could lead to durable profitability if the trend holds.
- The debt restructuring and notes exchange extended the funding runway, which could give time to execute the strategic plan.
- The CarStory data base and AI investments could become a recurring revenue source if the company expands its client base.
What would break the thesis
- Interest income has declined and credit losses remain high, so second-quarter profit could prove to be a one-off.
- Liquidity of 63.9 million USD is limited relative to the funding needs of a loan portfolio, and facility terms could tighten.
- CarStory revenue has fallen sharply, and if online traffic keeps declining because of AI, the division could struggle to recover.
What to watch
- Trend in realized and unrealized losses at UACCQ3 2026
- Available liquidity level and use of the new 2032 notes facilityQ3 2026
- Renewal of warehouse facilities expiring in 2026 and 2027next 10-K
- CarStory revenue trend and number of active clients2027
Products, market & competition
AI-generatedAI-generated analysis (Claude) from cited public sources; it may contain errors. Not investment advice. As of 27 Oct 2026 · Model: claude-haiku-5-5.
The business
Vroom, Inc. is a holding company that operates through its subsidiaries. Until 2024 it ran an ecommerce platform for used vehicles, but under a value maximization plan it wound that business down and focused on UACC and CarStory 1. The company emerged from its Chapter 11 case on January 14, 2025, after about 290 million USD of unsecured convertible notes were discharged and the old equity was cancelled 1.
The Long-Term Strategic Plan rests on four initiatives: lending models and analytics at UACC, a dealer sales and marketing program, operational efficiency in originations, and digital servicing for account holders 1. According to the filings, UACC launched an automated underwriting decision engine in June 2025 and a redeveloped credit-scoring model in September 2025 1.
In August 2026 the company reported that the notes exchange and delayed draw facilities extended its funding runway, but results remain sensitive to losses in the UACC portfolio and to fixed costs, which management says it is tightly managing 23.
Segments
UACC
UACC is an indirect lender that provides auto loans to consumers through independent and franchised dealers in 49 states. As of June 30, 2026 its portfolio covered about 75,000 contracts with roughly 925 million USD of principal outstanding 2. Its main revenue is interest income; in the second quarter of 2026 interest income was 43.6 million USD, down 4.7% 3.
Market context
Auto financing for consumers with weaker credit is a large but highly competitive market, with banks, captive lenders, credit unions and fintech companies all active 1. Sensitivity to interest rates, inflation and collateral quality is high, and advance rates on warehouse facilities directly affect liquidity 1.
The market for used-vehicle data and analytics is smaller but growing as AI tools spread into auto pricing and marketing. The company says its data covers an estimated 80% of US consumer vehicles 1.
Trends
- Cost of credit and fundingheadwind
Higher interest rates and rising losses in non-prime portfolios have reduced advance rates, and if conditions worsen, securitization and warehouse funding could become more expensive 1.
- AI adoption in auto analyticsmixed
AI tools could lower processing costs and improve valuation estimates, but consumers searching with AI tools have reduced website traffic to CarStory, which the company flags as a risk 1.
- Debt refinancing and restructuringtailwind
After the Chapter 11 case the company rebalanced its debt through new notes; if these are converted or extended, the capital structure could become more stable 23.
- Easing auto credit conditionsmixed
If the auto market improves, dealer origination volumes could rise, but losses on weaker portfolios remain a risk to results 1.
Competitive position
Competition in auto finance includes banks, captive lenders, credit unions and fintech companies, many of them larger with cheaper access to capital 1. Many competitors have long-standing dealer relationships and offer floor plan financing, which Vroom does not currently offer 1.
In auto pricing and vehicle data, CarStory competes with data providers and digital platforms with broader reach; its differentiation rests on its pricing algorithm and a VIN database the company describes as very large 1.
- Banks and captive finance companies
Compete with UACC for auto loans and have access to cheaper capital and deposits, plus long relationships with dealers.
- Credit unions
Offer auto loans and may provide lower-cost financing to borrowers with stronger credit profiles.
- Fintech auto lenders
Compete through digital approval processes and offers in segments close to those UACC targets.
- Vehicle data and analytics providers
Compete with CarStory through vehicle valuation models and digital services for dealers.
Links, dependencies and risks
Who the company is tied to, from its own SEC filings (customers, suppliers, production, partners, competitors, countries, regulation), from the 5 %+ holders' statements (13D/13G) and from what other companies say about it. Click a node for its evidence; on a listed company the graph moves to it.
Loading the links…
News & filings
In the press
- ‘How can you have a Ferrari without any vroom?’: electric model shocks owners’ clubThe Guardian World · 30 May 2026 · RO
The latest news item in our archive is from 30 May 2026; the newest SEC filing is from 15 Oct 2026. The press archive comes from the RSS feeds we follow and does not necessarily cover the latest event — the filings alongside do.
SEC filings
- Current report15 Oct 2026Material agreement · Creation of a direct financial obligation
- Current report30 Sept 2026Material agreement · Financial statements and exhibits
- Current report28 Aug 2026Other events
- Quarterly report04 Aug 2026
- Current report04 Aug 2026Results of operations · Regulation FD disclosure · Financial statements and exhibits
- Current report07 Jul 2026Material agreement · Creation of a direct financial obligation
- Current report12 Jun 2026Shareholder vote
- Current report03 Jun 2026Other events
- Quarterly report15 May 2026
- Current report15 May 2026Results of operations · Regulation FD disclosure · Financial statements and exhibits
Sources
- [1] Form 10-K, fiscal year ended 2025-12-31 · SEC / Vroom, Inc. · 26 Mar 2026
- [2] Form 10-Q, quarter ended 2026-06-30 · SEC / Vroom, Inc. · 04 Aug 2026
- [3] Form 8-K, results release (exhibit 99.1) · SEC / Vroom, Inc. · 04 Aug 2026
Figures computed by olivLaw from SEC filings and closing prices; the qualitative analysis is AI-generated from cited sources. Not investment advice.