# Vroom

> Vroom is a US automotive finance and technology holding company. After ending direct used-car retail in 2024, it retained United Auto Credit Corporation, an indirect vehicle lender, and CarStory, an automotive analytics and digital services business. It emerged from Chapter 11 in January 2025 and reported its first positive quarterly consolidated net income for Q2 2026.

- **Founded:** 2012
- **Headquarters:** Fort Worth, United States
- **Founders:** Kevin Westfall (Co-founder; early automotive executive), Marshall Chesrown (Co-founder; former COO), Allon Bloch (Co-founder; former CEO), Elie Wurtman (Co-founder; former executive chairman)
- **Products:** United Auto Credit Corporation, CarStory, CarStory Appraise, CarStory Promote, CarStory Track
- **Notable:** Completed IPO in June 2020., Preserved UACC and CarStory operations through the 2024 retail exit and parent-company restructuring., Emerged from prepackaged Chapter 11 on January 14, 2025; approximately $290 million in unsecured convertible debt discharged.

## Products & services

- **United Auto Credit Corporation** — Indirect vehicle financing through third-party dealerships, primarily for non-prime consumers; purchases and services retail installment sales contracts. Acquired February 2022.
- **CarStory** — AI-powered vehicle analytics, data and digital retail services for automotive companies. Acquisition closed January 2021.
- **CarStory Appraise** — VIN-level information and market analysis to support vehicle acquisition and pricing decisions.
- **CarStory Promote** — Listing syndication and vehicle market reports for dealer websites; the public product page advertises free features.
- **CarStory Track** — Inventory and competitor monitoring, pricing alerts and sales forecasts.
- **Vroom direct used-vehicle ecommerce** — Former vehicle buying, selling and delivery service; halted in January 2024 and substantially wound down by March 29, 2024.

## Achievements

- Completed IPO in June 2020.
- Preserved UACC and CarStory operations through the 2024 retail exit and parent-company restructuring.
- Emerged from prepackaged Chapter 11 on January 14, 2025; approximately $290 million in unsecured convertible debt discharged.
- Reported first positive quarterly consolidated net income, $628,000, for Q2 2026; controlling interest and common shareholders still had a $63,000 attributable loss.

## Latest updates

- **2026-08** — Reported Q2 2026 consolidated net income of $628,000 and adjusted net income of approximately $1.5 million; loss attributable to controlling interest and common shareholders was $63,000.
- **2026-06** — Exchanged $28.5 million existing notes for $50 million new senior secured delayed draw convertible notes due 2032, as disclosed with Q2 results.
- **2026-03** — Reported 2025 results with combined non-GAAP adjusted net loss of $49.2 million and explained predecessor/successor comparability limits after fresh-start accounting.
- **2026-01** — Vroom Automotive LLC issued $22.5 million preferred stock to SPE Holdings.

## Links

- Website: https://www.vroom.com/
- LinkedIn: https://www.linkedin.com/company/vroom/
- Twitter/X: https://twitter.com/vroomcars
- Instagram: https://www.instagram.com/vroom/
- Facebook: https://www.facebook.com/vroom

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Profile page: https://yespress.io/vroom
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Last updated: 2026-10-25