(NASDAQ:VRM) VROOM INC. up more than 20% on 17,000 plus trades this pre-market

Associated Press, The “Associated Press News”

NEW YORK (AP) – Vroom, Inc. (VRM) on Monday reported a loss of $310.5 million in its first quarter.

The New York-based company said it had a loss of $2.26 per share. Losses, adjusted for asset impairment costs and costs related to mergers and acquisitions, were 71 cents per share.

The results surpassed Wall Street expectations. The average estimate of eight analysts surveyed by Zacks Investment Research was for a loss of $1.03 per share.

The company posted revenue of $923.8 million in the period, also topping Street forecasts. Seven analysts surveyed by Zacks expected $874.9 million.

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