AutoNation Invests in Vroom

By Staff Writer November 01, 2018

AutoNation Inc. announced a strategic investment in Vroom Inc., an online car retailer.  


AutoNation's investment of $50 million represents an ownership stake of approximately 7 percent.


Vroom, led by Chief Executive Officer Paul Hennessy, has a seasoned leadership team with unmatched experience in e-commerce transformation and growth. Prior to joining Vroom in June 2016, Hennessy had a 15-year career at the global travel company, Booking Holdings, Inc., where he held several roles including CEO of priceline.com and chief marketing officer of Booking.com.

Last modified on Thursday, 01 November 2018 13:14

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