Automotive finance company and digital services platform Vroom filed for Chapter 11 bankruptcy Wednesday (Nov. 13), saying in a filing with the Securities and Exchange Commission (SEC) that it plans to operate its business as a “debtor-in-possession” under the jurisdiction of the bankruptcy court.
In a move to redefine its future, used car digital marketplace Vroom on Tuesday (Sept. 23) said it completed the wind-down of its eCommerce and used vehicle dealership operations and released a long-term strategic plan leveraging its assets like United Auto Credit Corporation (UACC), a leading automotive finance company; and CarStory, a leader in AI-powered analytics and digital services for automotive retail.
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Auto - Dealerships Industry | Consumer Cyclical Sector | Thomas H. Shortt CEO | NASDAQ (NMS) Exchange | 92918V307 Cusip |
US Country | 704 Employees | - Last Dividend | 14 Feb 2024 Last Split | 9 Jun 2020 IPO Date |