Why Vroom Stock Is Plunging Today

While Vroom's adjusted net loss of $0.34 per share and revenue of $253.1 million were both better than Wall Street's consensus expectations (which had called for a loss of $0.70 on revenue of $234.94 million), Vroom's guidance for revenue in the third quarter fell short. The ranges for gross profit and net loss per share weren't out of line with expectations, but Wall Street analysts polled by Refinitiv had expected Vroom's third-quarter revenue to come in at $344.6 million, on average.