Vroom

#8851

Rank

$121.44M

Marketcap

United States

Country

Leadership team

Mr. Robert R. Krakowiak (CFO & Treasurer)

Ms. Patricia Moran J.D., Esq. (Chief Legal Officer & Sec.)

Ms. Carol Denise Stott (Chief People & Culture Officer)

Products/ Services

Automotive, E-Commerce, Marketing, Sales

Number of Employees

1,000 - 20,000

Headquarters

New York, New York, United States

Established

2013

Company Registration

SEC CIK number: 0001580864

Revenue

Above - 1B

Traded as

VRM

Social Media

URL

https://www.vroom.com

Overview

Location

Recognition and Award

References

Summary

Vroom, Inc. operates as an e-commerce used automotive retailer in the United States. It operates end-to-end ecommerce platform for buying, selling, transporting, reconditioning, pricing, financing, registering, and delivering vehicles. The company was formerly known as Auto America, Inc. and changed its name to Vroom, Inc. in July 2015. The company was incorporated in 2012 and is headquartered in New York, New York.

History

The company was founded in August 2013 by Kevin Westfall and Marshall Chesrown as AutoAmerica. In November 2014, Elie Wurtman and Allon Bloch joined as co-founders to transform the company into a technological platform and the company was renamed Vroom. It also has a refurbishment facility in Stafford, Texas and was included on Forbes’ list of the Hottest E-Commerce Startups of 2015. Vroom's current CEO is Tom Shortt. He succeeded Paul Hennessy, who was previously the CEO of Priceline.com.In December 2015, the company acquired Texas Direct Auto, a Houston-based company founded in 2002 that is now owned by Vroom but operates as a separate brand. The combined company is profitable and reached $900 million in revenue in 2015. In February 2018, Vroom closed operations in its Whitestown, Indiana facility and laid off approximately 25% of its staff in the New York City and Stafford, Texas locations. In December 2018, Vroom closed a Series G financing round of $146 million led by AutoNation and began scaling its operations again.

Mission

Vroom's mission is to make car buying easier and more transparent for consumers. We strive to provide the best customer service possible and make the process of buying or selling a car fast, easy, and stress-free.

Vision

Vroom's vision is to become the leading online platform for those looking to buy or sell a car. We want to make the car buying process simpler, faster, and more enjoyable.

Key Team

Mr. Dennis Looney (Chief Supply Chain Officer)

Mr. Mark E. Roszkowski (Consultant)

Mr. Thomas H. Shortt (CEO & Director)

Mr. John Caine (Chief Conversion Officer)

Ms. Agnieszka Zakowicz (Sr. VP & Principal Accounting Officer)

Mr. Liam J. Harrington (VP of Investor Relations)

Mr. Peter Scherr (Chief Marketing Officer)

Recognition and Awards

Vroom has been recognized on several occasions for our customer service and innovative approach to the car buying experience. In 2017, we were named “Most Innovative Company of the Year” by Fortune Magazine. We were also included in Inc. Magazine’s Best Workplaces list for two consecutive years.