Why Verra Mobility (VRRM) Stock Is Trading Lower Today
Shares of traffic solutions company Verra Mobility (NYSE:VRRM) fell 12.2% in the morning session after the company reported mixed fourth quarter 2024 results as its EBITDA forecast came in a little shy of expectations. Despite this, revenue increased 5% year-on-year, driven by strong demand in the Commercial Services and Government Solutions segments, with travel-related tolling activity and automated traffic enforcement programs contributing to the gains. However, the Parking Solutions segment