VRM director Robert J Mylod Jr purchases 50,000 shares at $5.23 after 54.2% revenue decline and -$39.7M annual net loss
Director Robert J Mylod Jr purchased 50,000 shares for $261,730.00 on 2024-11-27, tripling his holdings from 15,856 to 65,856 shares. This represents his second open-market purchase at VRM; his prior buy on 2023-05-25 delivered a 90-day return of +12353.8%. The current market context is stark: VRM stock has fallen -92.4% from its 52-week high of $65.62 to $5.01, with the company reporting -54.2% annual revenue growth and -$39.7M in net income over its most recent full fiscal year. A director's substantial accumulation at these depressed valuations—with prior timing accuracy at this exact ticker—occurs against a backdrop of profound operational deterioration. The tension between historical buy-timing accuracy and current fundamental weakness merits close monitoring.