RumbleOn’s Earnings Call: Positive Sentiment Amidst Challenges

RumbleOn, Inc. held its Q3 earnings call, revealing a generally positive sentiment despite challenges. Key highlights include a significant improvement in adjusted EBITDA to $12.3 million, growth in the powersports segment with a 3.9% increase in units sold, and effective cost management with a $2.8 million reduction in SG&A expenses. However, the company faced a $14.1 million revenue decline in vehicle transportation and a reduction in cash inflows. RumbleOn also announced a strategic relocation and rebranding to RideNow Group, Inc., aiming for enhanced brand identity and operational efficiency.

RumbleON Rebrands as RideNow Group, Changes HQ Location

RumbleOn, Inc. has rebranded as RideNow Group, Inc. and will change its ticker symbol to RDNW. This initiative aims to align the company's identity with its operational focus and improve customer experience.

RumbleON (NASDAQ:RMBL) Posts Earnings Results

RumbleON (NASDAQ:RMBL) reported quarterly earnings of $0.04 per share, with a negative net margin of 6.81% and a return on equity of -63.42%. The stock remained flat at $2.00, with a market cap of $75.58 million. Analysts have a consensus rating of "Hold" with a target price of $4.50, although DA Davidson recently lowered their price target from $4.00 to $3.00. RumbleON operates as a powersports retailer in the U.S.

Rumbleon-B | 10-Q: FY2025 Q2 Revenue Beats Estimate at USD 299.9 M

Rumbleon-B | 8-K: FY2025 Q2 Revenue Beats Estimate at USD 299.9 M