FMP
Oct 12, 2021 11:19 PM - Davit Kirakosyan
Vroom, Inc. (NASDAQ:VRM) made an announcement on Tuesday, according to which it will acquire the leading non-prime auto finance company United Auto Credit for $300 million in cash, with the acquisition being immediately accretive and will close in either late Q4/21 or early Q1/22.
The company will begin its first non-prime securitization in H1/22 and accelerate captive loan originations in H2/22.
By integrating an automotive lender the company expects to be able to serve a wider breadth of customers, both prime and subprime, enabling the company to capture better loan economics, accelerate the move toward an auto average selling price more in line with peers and scale the business more quickly.
Sep 11, 2023 1:38 PM - Rajnish Katharotiya
Price to Earnings is one of the key metrics use to value companies using multiples. The P/E ratio and other multiples are relative valuation metrics and they cannot be looked at in isolation. One of the problems with the P/E metric is the fact that if we are in the peak of a business cycle, earni...
Sep 11, 2023 1:49 PM - Rajnish Katharotiya
Price-to-Earnings ratio is a relative valuation tool. It is used by investors to find great companies at low prices. In this post, we will build a Python script to calculate Price Earnings Ratio for comparable companies. Photo by Skitterphoto on Pexels Price Earnings Ratio and Comparable Compa...
Oct 17, 2023 3:09 PM - Davit Kirakosyan
Shares of VMware (NYSE:VMW) witnessed a sharp drop of 12% intra-day today due to rising concerns about China's review of the company's significant sale deal to Broadcom. Consequently, Broadcom's shares also saw a dip of around 4%. Even though there aren’t any apparent problems with the proposed solu...