How to Buy Vroom Stock
Vroom Inc
Vroom, Inc. operates as an e-commerce used automotive retailer in the United States. It operates end-to-end ecommerce platform for buying, selling, transporting, reconditioning, pricing, financing, registering, and delivering vehicles.
Vroom stock last closed at $11.48, down 1.71% from the previous day, and has decreased 82.11% in one year. It has underperformed other stocks in the Auto & Truck Dealerships industry by 0.56 percentage points. Vroom stock is currently +41.55% from its 52-week low of $8.11, and -94.91% from its 52-week high of $225.60.
At the moment, there are 1.79M VRM shares outstanding. The market capitalization of VRM is $20.60M. In the past 24 hours, 17,303 VRM shares were traded.
How to Buy Vroom Stock
Not sure how to invest in Vroom stock? Here's how.
- Figure out where to buy Vroom stock: You need to decide on a stock brokerage, but don't worry - we've researched dozens of stock brokerages and apps to help you decide where to buy Vroom stock.
- Open a brokerage account: Sign up for 0% commission trading with the highest-rated brokerage we've identified.
- Deposit money your brokerage account: Select your method of payment and add your info.
- Analyze Vroom stock: The Vroom ticker symbol is VRM. Is Vroom stock a good investment? Should you buy shares of VRM? How do VRM's underlying business fundamentals look? Do top analysts think Vroom is a good buy? Why has VRM's stock price moved recently? (Hint: Our stock market research tools can help you evaluate if VRM is a good stock to buy).
- Execute your VRM trade: Decide if you will purchase VRM shares at the current market price or use a limit order to buy VRM shares at a given price.
- Get notifications regarding your VRM position: Create a watchlist to key updates about your position in Vroom shares.
Step 1: Figure out where to buy Vroom stock
You will need a brokerage account to access the NASDAQ market and buy VRM stock.
Our preferred brokerage: eToro
We believe that eToro is the best place to buy stocks. eToro gives you:
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- Social investing: eToro has a community with more than 20 million users around the world. Talk to, learn from, and copy the unique crypto portfolios of other investors.
- Security: eToro is a regulated and licensed fintech leader.
- Buy other financial assets: Such as ETFs and cryptocurrencies.
Get $10 towards your stock purchase by creating an account with eToro now.
Open eToro AccountStep 2: Open a brokerage account
Now that you've selected your brokerage, the next step is to fill out some personal details so you are able to invest in VRM stock today.
How to Create a New Brokerage Account on eToro
- Click here to get started.eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.
- Enter your personal data to open a new brokerage account.
- Submit your details by hitting the "Create Account" button. Get started with eToro today
Step 3: Deposit money your brokerage account
Now that you have created your account on the best stock market app for beginners, you can securely and quickly fund your account:
Watch the tutorial below if you need help depositing money into your new investment account.
Step 4: Analyze Vroom stock
Once you have selected the best place to buy Vroom stock, it's important to research their stock prior to investing, so you actually wrap your head around the risk as well as the upside.
Vroom shares quick numbers
Vroom Fundamentals
WallStreetZen was built to help average investors do better fundamental analysis in less time.
You can view all of the due diligence checks on VRM's stock page.
Is VRM stock overvalued?
Analysts use many financial metrics, analyses, models, and charts to gauge VRM's true value.
Using relative valuations measures:
- VRM could be undervalued based on its P/B ratio of 0.17x, relative to Auto & Truck Dealerships industry P/B ratio of 2.35x
You can access additional valuation research on VRM's stock here.
Is VRM a healthy company?
Positive Health Checks:
- VRM has cash burn of 548489000. It has sufficient cash and short-term investments to cover this for at least one year.
- There are more short-term assets than long-term liabilities on the VRM balance sheet.
- There are more short-term assets than short-term liabilities on the VRM balance sheet.
- Total VRM debt is lower than 5 years ago, relative to shareholder equity.
Negative Health Checks:
- VRM has $729.35M in cash and short term investments. This is not enough to cover its annual cash burn of $548.49M.
- VRM has a relatively high debt to equity ratio of 11.08.
- VRM profit margin has gone down from -23.2% to -40.9% in the past year.
You can dig deeper into what analysts are projecting on the Vroom stock forecast page.
VRM Technicals
VRM Revenue
Last year, VRM revenue was $893.20M. During the last 5 year, VRM's revenue has increased by 0.87% per year. This was slower than the Auto & Truck Dealerships industry average of 18.11%.
Find out more about VRM's earnings and revenue performance here.
Latest Insiders Trades at VRM
In the past year, insiders at VRM have bought more shares than they have sold.
Patricia Moran, CLO Secretary of VRM, was the latest VRM insider to sell. They sold $709.63 worth of VRM stock on Apr 3, 2024.
Research more about who owns VRM stock here.
Can I rely on VRM as an income stream?
No, Vroom doesn't provide an income stream by paying out dividends.
Get analysis from other investors
One of the biggest reasons eToro is our favorite brokerage is because of its social trading community.
Click below to find out what other traders have to say.
Step 5: Execute your VRM trade
You have two main options:
- Market order: A market order is an order to buy or sell a security at the best price on the market.
Market orders are generally fine for most investors. - Limit order: A limit order enables you to buy or sell a security at a specific price (or better).
If you want to be certain you're buying or selling at a particular dollar amount, use a limit order.
Hit the Open button and eToro will execute the order.
If you require additional info about investing in stocks on eToro, watch the how to video below:
Step 6: Get notifications regarding your VRM position
Now that you own some VRM stock, you'll want to stay up-to-date on your new shares.
Start a watchlist to monitor your VRM stock.
VRM Feed
How to Buy Stock in Vroom
To summarize, here are the 6 steps you need to take to buy Vroom stock right now:
- Figure out where to buy Vroom stock
- Open a brokerage account
- Deposit money your brokerage account
- Analyze Vroom stock
- Execute your VRM trade
- Get notifications regarding your VRM position
If you are looking for a online brokerage, eToro is our favorite option.
Get Started with eToro TodayIf you want to keep an eye on your investment in Vroom, get started below.
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