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Online Automotive Retailer Vroom Announces Two New Additions to Board of Directors Paula B. Pretlow and Frederick O. Terrell Bring Decades of Finance and Business Experience to the Board NEW YORK, April 27, 2021 (GLOBE NEWSWIRE) Vroom ( www.vroom.com), a leading ecommerce platform for buying and selling used vehicles, today announced that it has added two new members to its Board of Directors, Paula B. Pretlow and Frederick O. Terrell. The new members bring decades of finance and business experience to the board. Paula Pretlow built her career helping company leaders maximize shareholder and stakeholder value personally delivering hundreds of millions in revenue and building relationships with many of the world’s largest institutional investors. She is a former Senior Vice President of The Capital Group, a $2.4 trillion privately held investment management firm, where she led the public fund business development and client relationship group and was responsible ....
HIGHLIGHTS OF FOURTH QUARTER 2020 11,022 ecommerce units sold, up 74% YoY Ecommerce revenue of $285.0 million, up 43% YoY Ecommerce gross profit of $20.1 million, up 95% YoY HIGHLIGHTS OF FISCAL YEAR 2020 34,488 ecommerce units sold, up 82% YoY Ecommerce revenue of $915.5 million, up 56% YoY Ecommerce gross profit of $60.9 million, up 89% YoY Paul Hennessy, Chief Executive Officer of Vroom, commented: “Vroom had a strong fourth quarter, with significant year-over-year growth in our ecommerce business. Inventory and marketing are scaling as planned, which is increasing the velocity of the Vroom flywheel, driving conversion and increased sales and revenues. Consistent with our relentless focus on data science, we announced the acquisition of CarStory, a leader in AI-powered analytics and digital services for automotive retail, which closed in January 2021. As the used vehicle market continues to embrace the ecommerce model, we wil ....
Online Automotive Retailer Vroom to Acquire CarStory marketwatch.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from marketwatch.com Daily Mail and Mail on Sunday newspapers.