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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 $9.36, down 0.74% from the previous day, and has decreased 94.26% in one year. It has underperformed other stocks in the Auto & Truck Dealerships industry by 0.65 percentage points. Vroom stock is currently +15.41% from its 52-week low of $8.11, and -95.85% from its 52-week high of $225.60.

As of Jul 16, 2024, there are 1.81M shares of VRM outstanding. The market capitalization of VRM is $16.93M. In the past 24 hours, 30,757 VRM shares were traded.

How to Buy Vroom Stock

Not sure how to invest in Vroom stock? Here's how.
  1. Figure out where to buy Vroom stock: You need to decide on an online brokerage, but don't worry - we've tried dozens of stock brokerages and apps to help you decide where to buy Vroom stock.
  2. Open a brokerage account: Sign up for 0% commission trading with the highest-rated brokerage we've selected.
  3. Deposit money your brokerage account: Select your method of payment and add your information.
  4. 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 website can help you evaluate if VRM is a good stock to buy).
  5. Execute your VRM trade: Decide if you will purchase VRM shares at the current market price or use a limit order to purchase VRM shares at a given price.
  6. Get notifications regarding your VRM position: Create a watchlist to key updates about your investment in Vroom shares.

Step 1: Figure out where to buy Vroom stock

You will need an online brokerage account in order to access the NASDAQ market and buy VRM stock.

A brokerage account is an investment account that allows you to buy and sell a variety of investments, such as stocks, bonds, mutual funds, and ETFs.

Our favorite brokerage: eToro

Based on our analysis, eToro is the best stock brokerage. Here's why:

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Step 2: Open a brokerage account

Now that you've selected the best brokerage, you need to fill out some personal information so you can invest in VRM stock today.

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  1. 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.
  2. Input your personal details to open a new trading account.
  1. Submit your details by clicking the "Create Account" button.
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    eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.

Step 3: Deposit money your brokerage account

Now that you have created your account on the best stock investing app, your next step is to transfer the money for your investment:

Watch this video walkthrough for more details depositing funds into your investment account.

Get started with eToro today
eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.

Step 4: Analyze Vroom stock

Once you have selected the best place to buy Vroom stock, it's very important to analyze their stock before you invest, so you can wrap your head around the risk as well as the opportunity.

Vroom stock at a glance

VRM Price
$9.36
1w %
1.19%
1y %
-94.26%
5y %
N/A
P/E
-0.05x
P/B
0.28x
P/S
0.02x
PEG
N/A
Revenue
$700.79M
Earnings
-$358.11M
Fore. Rev. Growth
37.59%
Fore. Earn. Growth
N/A
Market Cap
$16.93M
Next Earnings
Aug 6, 2024
Next Dividend
N/A

Vroom Due Diligence Checks

WallStreetZen was built to help average investors do more accurate fundamental analysis quickly.

You can view all of the due diligence checks on VRM's stock page.

Is VRM stock properly valued?

Analysts use a variety of different financial metrics, analyses, models, and charts to gauge VRM's fair value.

Using relative valuations methods:

  • VRM may be undervalued based on its P/B ratio of 0.28x, relative to Auto & Truck Dealerships industry P/B ratio of 2.89x

You can do additional valuation analysis on VRM's stock here.

VRM Financial Health Summary

Negative Health Checks:

  • VRM has a relatively high debt to equity ratio of 18.88.
  • VRM profit margin has gone down from -20.4% to -51.1% in the past year.

You can dive deeper into what analysts are projecting on the Vroom stock forecast page.

VRM Trading Indicators

SMA10
9.3
SMA20
9.39
SMA50
10.47
SMA100
11.25
SMA200
31.64
MACD
-0.29
MACD Signal
-0.36
MACD Histogram
0.07
RSI
44.94
Stochastic %K
47.93
Stochastic %D
34.7
StochRSI %K
76.44
StochRSI %D
61.2

VRM Performance Metrics

Last year, VRM revenue was $700.79M. Over the past four year, VRM's revenue has grown by -14.84% per year. This was slower than the Auto & Truck Dealerships industry average of 23.12%.

Dig into VRM's earnings and revenue performance here.

Latest Insiders Trades at VRM

Over the past year, executives and large shareholders at VRM have sold more shares than they have bought.

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.

Learn more about who owns VRM stock here.

Can I get consistent income from VRM stock?

No, Vroom doesn't provide an income stream by paying out dividends.

What others are saying about VRM

One of the primary reasons eToro is our favorite brokerage is because of its social trading community.

Click below to see what other investors have to say.

Step 5: Execute your VRM trade

You have two main types of orders:

  • Market order: A market order is an order to buy or sell a stock at the best possible price.
    Market orders are mostly fine.
  • Limit order: A limit order lets you buy or sell a stock at a specific price (or better).
    If you want to ensure you're buying or selling at a given price limit, use a limit order.

Hit the Open button and eToro will place the order.

If you need more info about investing in stocks on eToro, watch the how to video below:

Open eToro Account

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 company.

Put VRM on a watchlist to see the latest developments about your VRM stock.

VRM Feed

How to Buy Stock in Vroom

To reiterate, here are the 6 steps to buy stock in Vroom:

  1. Figure out where to buy Vroom stock
  2. Open a brokerage account
  3. Deposit money your brokerage account
  4. Analyze Vroom stock
  5. Execute your VRM trade
  6. Get notifications regarding your VRM position

If you need a brokerage, eToro is our recommended option.

Get Started with eToro Today
eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.

If you want to get the latest scoop on your new investment in Vroom, create a watchlist on WallStreetZen today.

NASDAQ: VRM
$9.36-0.07 (-0.74%)
Updated Jul 16, 2024
Open eToro Account
NASDAQ: VRM
$9.36-0.07 (-0.74%)
Updated Jul 16, 2024
Open eToro Account

FAQ

How much does it cost to buy one Vroom share?

As of Jul 16, 2024, it costs $9.36 to buy one share of Vroom stock.

Remember, eToro's fractional share buying allows you to buy partial shares of stocks and ETFs. Even if you only have $4, you can buy 0.427 shares of VRM.

Get Started with eToro Today
eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.

What is the best way to buy Vroom stock?

One way to place an order for Vroom stock is with a brokerage account.
WallStreetZen does not provide financial advice and does not issue recommendations or offers to buy stock or sell any security.

Information is provided 'as-is' and solely for informational purposes and is not advice. WallStreetZen does not bear any responsibility for any losses or damage that may occur as a result of reliance on this data.