by Jonah Kay | Nov 10, 2022 | Automotive, Financials / Deals
Vroom, the online used car dealer, had a rough quarter. It sold less than half as many vehicles as it had in the same quarter a year earlier, and it took more than half a year on average to get cars out the door. All of that contributed to a massive ... Join now to...
by Jonah Kay | Nov 4, 2022 | Real Estate, PropTech & IBuying, Financials / Deals
OfferPad, an Arizona-based IBuyer, has managed to maintain its momentum despite a slowing real estate market and broader economic downturn. However, negative EBITDA and a decrease in home acquisitions pointed to cracks in the company's performance. ... Join now to...
by Jonah Kay | May 10, 2022 | Automotive, Financials / Deals, People on the Move
Vroom, an online used car dealer, announced that it had exceeded its guidance across all major metrics for the first quarter of 2022. The company also announced the appointment of Tom Shortt as CEO, coinciding with Vroom's new business alignment plan... Join now to...
by Jonah Kay | May 6, 2022 | Real Estate, Financials / Deals
Redfin, a leading US-based IBuyer, posted its first quarter results on Thursday. The results were mixed, with revenue coming in above expectations but net losses compounding at a time when other IBuyers were posting massive profits. The company posted revenues of...
by Jonah Kay | May 6, 2022 | Real Estate, Financials / Deals
OpenDoor reported its first quarter of positive net income, exceeding the company's own expectations across all major metrics. The IBuyer posted quarterly revenue of $5.2 billion, a 590% increase from Q1 2021 and its highest to date. Profit came i... Join now to...
