Vroom is an automotive finance company operating two businesses: UACC, an indirect auto lender, and CarStory, an automotive data and analytics platform. UACC is the core business. It originates retail installment sales contracts — consumer auto loans — through a nationwide network of independent and franchised used car dealers across 49 states, focusing on non-prime borrowers who cannot qualify for traditional bank financing. Because these borrowers carry higher credit risk, UACC charges above-market interest rates to generate spread income. UACC does not lend directly to consumers; dealers originate the transaction and assign the contract to UACC, which then services the loan. UACC funds its portfolio primarily through securitization, pooling loans into asset-backed securities sold to institutional investors. The spread between what UACC charges borrowers and what it pays securitization investors drives net interest margin. Credit losses are central to profitability, as non-prime borrowers carry high default rates. CarStory is a smaller AI-powered data business that sells vehicle pricing tools and analytics to dealers and auto finance companies, and supports UACC's internal vehicle valuations. Vroom originally operated a used-vehicle ecommerce platform before winding it down in early 2024, and subsequently restructured through a Chapter 11 bankruptcy in late 2024, emerging in January 2025. Vroom's strategy centers on improving UACC's credit models, expanding its dealer network, and reducing origination and servicing costs.