RTTNews | Mar 4, 2021 10:25AM EST

10:24 Thursday, March 4, 2021 (RTTNews.com) - Shares of Online used-car retailer Vroom, Inc. (VRM) are down more than 25% Thursday morning following fourth quarter results.

The company reported fourth-quarter net loss of $60.66 million or $0.46 per share compared with net loss of $65.96 million or $7.63 per share in the same quarter a year ago.

Excluding items, adjusted EPS were $0.44 per share, that missed the average estimate of analysts polled by Thomson Reuters of $0.39 loss per share.

Revenue for the quarter increased to $405.83 million from $355.59 million in the comparable quarter last year.

Looking forward to the first quarter, revenue is expected in the range of $500 million to $529 million and net loss per share to be in the range of $0.61 to $0.68. On average, 8 analysts polled by Thomson Reuters expected the company to report loss of $0.39 per share on revenue of $509.93 million for the period.

VRM touched its 52-week low of $31.70 this morning, before rising to trade at $32.58 currently.

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