VRM up 60% in the pre-market! Exceeded Q1 Guidance!

NASDAQ:VRM   Vroom, Inc
If you haven`t bought the dip when you saw the calls in the options chain:

Then you should know that VRM Exceeded Q1 Guidance Across All Key Financial Metrics!

19,473 ecommerce units sold, +26% vs 2021
Ecommerce revenue of $675.4 million,+60% vs 2021
Ecommerce gross profit of $34.3 million, +8% vs 2021
quarterly loss of $0.71 per share vs a loss of $1.03 estimated. an earnings surprise of 31.07%!
Total revenues of $923.78 million!

Market Cap of only 186.39Mil

They have a new CEO! Have you seen his incentives? 1.2mil shares for performance in the next 3 years: 400k if the stock is trading at $7.5 for 20 days, 400k if it trades at $15 and another 400k for $21.
With these targets in mind, is this an 1usd stock?

their rival, CVNA , 105,185 units sold, up by 14% from Q1 of 2021, Market Cap 6.88Bil vs VRM 19,473 ecommerce units sold, up 26% versus prior year, Market Cap 149.11Mil. if we do a simple math, the Mk cap of VRM should be 1.27Bil. if it doubles from here shouldn`t be that big of the deal. In fact, to be comparable with Carvana, they should trade 8.51X higher, at $9.19.

My price target is $3 by the end of this month!

Looking forward to read your opinion about it!


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