Vroom.com IPO Prospectus analysis — A company driving through the COVID-19 pandemic

Source: https://fred.stlouisfed.org/series/UNRATE/
Source: https://www.bloomberg.com/news/articles/2020-02-21/the-world-s-biggest-economies-get-a-jolt-of-government-spending

“there simply was no good news to hear. Ultimately, I realized that hoping the world would return to normal within any predictable timeframe, so we could pick up where we left off on our path to profitability, was not a viable option”

Source: https://www.apple.com/covid19/mobility
Source: https://www.renaissancecapital.com/IPO-Center/Stats/Pricings
Source: Edmunds
Source: S-1

“More than 80% of the cars for sale on Vroom are less than three-years old. The remainder are vehicles that we’ve thoroughly checked out and are supremely confident will run and run for years to come.”

Source: S-1
Source: Vroom.com S-1

“We are grateful to Allon, a visionary CEO who has transformed Vroom into the most compelling online car store in the world, generating more than $1 billion dollars in annual revenue. As the business continues to scale (…)”

Source: S-1
Source: S-1 Prospectus
Source: S-1
Source: S-1
Source: S-1 and Morningstar
Source: S-1 and Morningstar
Source: S-1 and Morningstar

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