Mudrick Capital Management, LP

Mudrick Capital bought 15,595 VRM shares at $7.22 (June 15, 2026); stock now $7.88, down 77.5% from $34.99 high.

Mudrick Capital Management, LP purchased 15,595 shares of Vroom at $7.22, increasing its non-derivative holdings to 3.98M shares. The transaction occurred in a severely distressed context: the stock has collapsed 77.5% from its 52-week high of $34.99 and fallen 29.5% in the preceding 30 days. Vroom's fundamentals are deteriorating sharply—annual revenue contracted 54.2%, the company posted a $-19.1M net loss in its latest quarter, and the enterprise is unprofitable on a full-year basis, with a current market cap of only $41.0M. Within Mudrick's prior five purchases at VRM dating back to June 2025, only one exhibited positive 90-day returns, indicating a weak timing record at this ticker despite a cross-ticker track record averaging +4.6% at the 90-day mark. The insider retains 15,595 warrant holdings (derivative securities), so the position is not fully exposed in non-derivative form alone. The purchase appears discretionary rather than a scheduled vesting event, but the accumulation into deteriorating fundamentals and severe downward price momentum warrants scrutiny of whether this represents informed conviction or deployment into a deeply discounted but operationally challenged asset.

Mudrick Capital bought 15,595 VRM shares at $7.22; stock down -77.5% from 52-week high, company unprofitable with -54.2% annual revenue decline.

Mudrick Capital Management, LP (Director) purchased 15,595 shares at $7.22 on 2026-06-15, increasing non-derivative holdings from 3,967,251 to 3,982,846 shares. The purchase occurred as Vroom trades at $7.88, down -77.5% from its 52-week high of $34.99 and down -29.5% over the prior 30 days, while the company reported annual revenue decline of -54.2% and negative net income of $-19,058,000.00 in its most recent quarter. Mudrick's prior VRM purchases in June 2025 yielded mixed results, with 1 of 5 prior trades showing positive 90-day returns, while his cross-ticker track record showed 8 prior buys averaging 90d return of +4.6% with a 50.00% win rate. The continued accumulation into a deteriorating market-cap position ($41.0M) paired with fundamental headwinds deserves scrutiny on whether this reflects conviction or adherence to a predetermined plan.

Mudrick Capital (10% owner) purchases 3,662 shares of VRM at $28.00 over 2 days, raising stake 66.3% to 9,186 shares

Mudrick Capital's 2 separate purchases totaling 3,662 shares for $102,532.35 represent a substantial 66.3% increase in its VRM holding, with all shares acquired at $28.00 per share. The timing is noteworthy: five consecutive prior buys at VRM (June 3–9) preceded this filing, suggesting sustained engagement with the stock as it trades at $27.07, currently -32.3% from its 52-week high of $39.98 and -5.3% over the past 30 days. Against this context, VRM remains fundamentally challenged: the company posted $-39.7M in net income on $235.6M quarterly revenue, with annual revenue declining -54.2% and a market cap of only $139.8M. The rapid sequence of purchases by a 10% owner at depressed prices reflects accumulation activity, but the company's severe unprofitability and revenue contraction leave investors with limited clarity on Mudrick's underlying thesis.

Mudrick Capital (10% owner) purchased 4,570 shares of VRM across 3 transactions for $124,401.01, raising stake to 3.96M shares

Mudrick Capital Management, a 10% shareholder, executed 3 separate purchases totaling 4,570 shares over a 5-day window (June 2–9, 2025) at prices ranging from $24.48 to $27.99, blending to $27.22 per share. The purchases increased holdings by 4,570 shares (+0.1% vs pre-transaction holdings of 3.96M shares). The timing coincides with stock trading near its 52-week high of $39.98 ($28.00 current, -30.0% from peak), and VRM faces significant headwinds: annual revenue declined 54.2%, the company posted -$39.7M net income last fiscal year, and market cap stands at $144.6M against -$39.7M trailing earnings. Mudrick's three prior trades at this ticker remain unmeasurable at the 90-day mark; across-ticker, the insider has completed 3 prior open-market buys with a 0% well-timed rate at 90 days. The incremental stake increase is modest relative to existing holdings.

10% owner Mudrick Capital purchases 6,788 shares across 3 transactions for $172.5K as stock declines 34.2% from 52-week high.

Mudrick Capital Management, a 10% owner, executed 3 separate purchases totaling 6,788 shares for $172,528.04 on consecutive trading days (June 2–4, 2025) at blended average price of $25.42. The purchases occurred amid significant deterioration in VRM's valuation and operating performance: the stock trades -34.2% below its 52-week high, has declined -28.0% over the prior 30 days, and the company posted -54.2% annual revenue contraction with a full-year net loss of $-39.7M. The transaction adds only 0.2% to Mudrick's existing 3.95M share position, representing a modest incremental stake. The magnitude and pattern of purchases—small relative to existing holdings, distributed across multiple days at progressively higher prices ($24.13 → $24.88 → $25.80)—do not reveal conviction or strategic thesis; they reflect routine portfolio activity during a period of material price and earnings deterioration.