Vroom still struggled in Q3, but feels confident enough to announce capital raise
Photo courtesy of Vroom.
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Monday, Nov. 13, 2023, 02:01 PM
Alysha Webb, Correspondent
While Vroom continues to suffer a negative financial impact from aged inventory, it did make progress selling down older units in the third quarter. The online used-car retailer sees brighter days ahead and aims to raise capital in 2024, it said during the NASDAQ-listed company’s third quarter earnings call.
“This has been a challenging year as we work through ...