Vroom Inc

NASDAQ:VRM

Vroom, Inc. engages in providing an ecommerce platform for the buying and selling of used vehicles. The company is headquartered in New York City, New York and currently employs 1,807 full-time employees. The company went IPO on 2020-06-09. The firm offers a range of selection of vehicles as well as provides at-home pick-up and delivery services. The company operates through three segments: E-commerce, Wholesale and Texas Direct Auto (TDA). The E-commerce segment represents retail sales of used vehicles through the Company's ecommerce platform and fees earned on sales of value-added products associated with those vehicle sales. The Wholesale segment represents sales of used vehicles through wholesale channels. The TDA segment represents retail sales of used vehicles from TDA, and fees earned on sales of value-added products associated with those vehicle sales. Its platform is engaged in buying, selling, transporting, reconditioning, pricing, financing, registering, and delivering vehicles. The company is also engaged in offering automotive finance through its subsidiary United Auto Credit Corporation.