Vroom Outlines New Strategy and Focus on Lending Tech

Vroom ( (VRM) ) has issued an update.

Vroom, Inc.’s recent investor presentation reveals a major shift in strategy following the discontinuation of its ecommerce operations and used vehicle dealership earlier in the year. The company now focuses on leveraging its remaining assets, including its acquisition of United Auto Credit Corporation (UACC) and Car Story, to enhance profitability. They are committed to building a world-class lending program and utilizing AI and technology to strengthen their market position. The presentation also outlined forward-looking statements and non-GAAP financial measures to assess operating performance.

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