Vroom Reported an Earnings Beat and Bumble Smashed Earnings 📈

Vroom Reported an Earnings Beat and Bumble Smashed Earnings

Vroom  

Vroom is an online car retailer with a market cap of $4.832 billion. They entered the stock market through an IPO in June of 2020, and they have been swinging wildly since, with a 52-week high of $75.49.

Vroom announced their 2021 first quarter earnings after close on Thursday. They reported a narrower loss than expected, losing 52 cents per share. However, their sales rose by 57 percent to $591 million, and e-commerce sales jumped by 81 percent. Vroom also increased their guidance for future quarters, stating that demand for the business model is still existent.

Vroom rose to $39.03 after hours, up 10.22%.

Bumble

Bumble is an online dating app, similar to Tinder. They are one of the large companies located in Austin, Texas, a city that is slowly turning into a business hub. They entered the market through an IPO in February of 2021, becoming a popular stock in the market.

Bumble reported earnings after hours on Wednesday, and things were amazing. Analysts expected a loss of 3 cents per share, and Bumble reported a profit of $1.69 per share, blowing past the expectation. They also beat on revenue with $170.7 million reported, and total users sat at 42 million, which is crazy.

Bumble saw a 6% jump after hours, but they are currently sitting at the same price as the close on Wednesday.

I am not a financial advisor and my comments should never be taken as financial advice. Investments come with risk, so always do your research and analysis beforehand.

Share:

More Posts

Load More
Get your daily Invstr Crunch

Get the market news and updates you need, delivered to your inbox or available on our daily podcast.

Facebook Twitter Youtube Instagram Snapchat Tiktok
learn
products
plan
Who we are
blog

Risk Disclosure:

Invstr is not a bank and banking services are provided by Vast Bank, N.A.

Brokerage and Banking services are currently only available to U.S. residents.

Invstr app and web services are provided by Invstr Ltd. Advisory services are provided by Invstr Financial LLC, an investment adviser registered with the Securities Exchange Commission (SEC) details of which can be obtained here. Securities brokerage and custody services are provided by Apex Clearing, a broker dealer registered with the SEC and a member of FINRA and SIPC. There is no bank guarantee on securities and securities may lose value.

Investing involves risk and can lead to losses. Past performance does not guarantee future results.

Invstr app and web services are provided by Invstr Ltd. Invstr+ advisory services are provided by Invstr Financial LLC, an investment adviser registered with the Securities Exchange Commission (SEC). Securities brokerage and custody services are provided by Apex Clearing, a broker dealer registered with the SEC and a member of FINRA and SIPC. There is no bank guarantee on securities and securities may lose value. Vast Bank N.A. a nationally chartered bank and member of the FDIC, provides the banking products, including the products and services related to digital asset accounts. As with any asset, the value of Digital assets can go up or down and there can be a substantial risk that you lose money buying or holding digital assets. You should carefully consider whether trading or holding Digital assets is suitable for you in light of your financial condition. Your digital account does not support wallet to wallet transferring of your digital assets (i.e. cryptocurrencies) outside the platform. Any Digital Assets in your digital asset account are not insured by any government entities, including but not limited to FDIC or SIPC. The Invstr Visa® Debit Card is issued by Vast Bank, N.A. pursuant to a license from Visa U.S.A Inc and may be used everywhere Visa debit cards are accepted. Invstr Ltd, Invstr Financial LLC and Invstr Securities Ltd are subsidiaries of Marketspringpad Holdings (collectively “Invstr”) and Invstr is solely responsible for the application services and website content.

Watchlists provided when users first access the service are not a recommendation to invest. Instead they are provided to help users better navigate the service. Users are free to edit and create their own watchlists. From time to time, Invstr will suggest instruments solely based on an individual’s interest and the interest levels of the Invstr community.The statistical and portfolio builder models generated by Invstr do not reflect actual investment results and are not guarantees of future results.Comments provided by Invstr leaders, influencers or members of the Invstr Community are not recommendations and should not be construed as such.Invstr does not endorse the content or the positions posted by them. Their investment approach, and that of the models provided by Invstr, may be different from yours and may not be appropriate for you.