Robert J. Mylod Jr., a director at Vroom (OTC:VRMMQ), Inc. (NASDAQ:VRM), has recently increased his stake in the company by purchasing 50,000 shares of common stock. The shares were acquired at a weighted average price of $5.23 per share, amounting to a total transaction value of approximately $261,730. The purchase comes as Vroom's stock trades at $5.99, down nearly 88% year-to-date, though InvestingPro analysis suggests the stock is currently undervalued. Following this transaction, Mylod holds a total of 65,856 shares indirectly through Annox Capital, LLC. This move signifies a notable investment in the online car retailer, which continues to navigate the competitive automotive market. Despite showing strong revenue growth of 147% in the last twelve months, InvestingPro data indicates a WEAK Financial Health Score of 1.38, suggesting potential challenges ahead. Unlock comprehensive insights and more exclusive metrics with an InvestingPro subscription.
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