Living within its means hits Vroom’s fourth quarter results hard
Photo courtesy of Vroom.
Thursday, Mar. 2, 2023, 05:59 PM
Alysha Webb, Correspondent
In their third quarter earnings call, Vroom executives said the firm would purposely slow down in order to improve the online used car retailer’s customer experience. They warned it would impact fourth quarter results. Boy did it.
“Sequential declines in e-commerce unit volumes impacted e-commerce gross profit by approximately $12 million. Additionally, the impact of ...