Vroom Q2 net loss from continuing ops widens to $19.1M; Adjusted EBITDA loss $7.5M

Vroom, Inc.

2024-Q2 EPS reported -$49.41

Net loss from continuing ops $(19.1M) vs $(7.5M) in Q2 2023; total net loss $(21.2M).
Adjusted EBITDA $(7.5M); UACC segment Adj EBITDA $(2.8M) down from $0.3M prior year.
UACC interest income $52.4M (+10.2% YoY); realized/unrealized losses $19.6M (-3.9%).
Completed UACC securitization in April 2024; cash $63.4M at quarter end.
CEO cites origination volume growth and improving credit losses from tightening.

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