Vroom, Inc.

Vroom, Inc. is a holding company that operates through its subsidiaries, focusing on automotive finance and analytics. The company was incorporated in Delaware on January 31, 2012, initially as BCM Partners III, Corp., changing its name to Auto America, Inc. on June 25, 2013, and then to Vroom, Inc. on July 9, 2015. Vroom completed its initial public offering in June 2020. In January 2021, Vroom acquired Vast Holdings, Inc. (d/b/a CarStory), an artificial intelligence-powered analytics and digital services platform for automotive retail. On February 1, 2022, the company acquired Unitas Holdings Corp., which includes Vroom Finance Corporation, United PanAm Financial Corp. (now Vroom Automotive Financial Corporation), and United Auto Credit Corporation (UACC). UACC is an automotive finance company that provides vehicle financing to consumers through motor vehicle dealers under the UACC brand. On January 22, 2024, Vroom announced a plan to wind down its used vehicle dealership business to preserve liquidity and focus on its remaining businesses, UACC and CarStory. This involved ceasing transactions on vroom.com, completing existing customer transactions, halting new vehicle purchases, selling used vehicle inventory through wholesale channels, and paying off its vehicle floorplan financing facility dated November 4, 2022, with Ally Bank and Ally Financial Inc.