RumbleON

RumbleOn, Inc. engages in the provision of motor vehicle dealer and e-commerce platforms. It operates through the following segments: Powersports, Automotive, and Vehicle Logistics and Transportation. The Powersports segment distributes pre-owned motorcycles and powersports vehicles. The Automotive segment focuses on the distribution of pre-owned cars and trucks. The Vehicle Logistics and Transportation segment offers nationwide automotive transportation services between dealerships and auctions. The company was founded by Matthew A. Lane, Marshall Chesrown, and Steven Richard Berrard on October 24, 2013 and is headquartered in Irving, TX.

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RumbleON reports Q1 revenue of $346.3M, focuses on expense control and debt reduction

RumbleON's Q1 2023 performance reflects resilience in the face of economic challenges, with a focus on expense control, debt reduction, and technology enhancements.
Despite a decrease in adjusted EBITDA, the company remains proactive in addressing margin compression, aiming for improved GPU and cost management strategies.
Opportunities lie in market share growth through M&A, maintaining a strong financial position, and addressing customer financing needs amidst evolving market dynamics.
Investors can find stability in RumbleON's strategic approach, supported by captive lenders and a favorable financing environment, amidst ongoing economic uncertainties.

RumbleON reports robust Q2 results, focuses on cost reductions

RumbleON's Q2 performance reflects operational improvements, revenue growth, and cost-saving measures, positioning the company for enhanced profitability and efficiency.
While facing challenges in facility strategy and operational costs, the company's proactive approach to addressing these issues underscores a commitment to sustainable growth.
Opportunities for revenue expansion through strategic initiatives and market demand highlight RumbleON's potential for continued success and market competitiveness.

RumbleON posts robust Q3 results, eyes growth through strategic initiatives

RumbleON's Q3 2023 earnings call highlighted strong financial performance, strategic initiatives, and future growth prospects. The company's focus on operational efficiency, balance sheet strengthening, and capital deployment post rights offering completion positions it well for future success.

RumbleON reports Q4 revenue dip, outlines Vision 2026 growth plan

RumbleON faced revenue decline in Q4 2023 but demonstrated cost management and strategic planning strengths.
Challenges include margin pressures, inventory management, and addressing analyst concerns.
Opportunities lie in acquisitions, debt optimization, and executing the Vision 2026 plan for long-term growth.
Overall, RumbleON's performance reflects resilience amidst industry transformations and strategic ambitions.

RumbleON maintains stable EBITDA amidst revenue decline, eyes ambitious growth

RumbleON's Q1 2024 performance reflected stable EBITDA and strong pre-owned gross margins amidst revenue challenges and expense management successes.
While facing declining sales and high debt levels, the company's strategic initiatives to open new retail centers and reduce expenses signal opportunities for growth.
Vision 2026 goals underscore RumbleON's ambitious growth plans, setting the stage for potential market expansion and enhanced financial performance.

RumbleOn reports positive cash flow, eyes Vision 2026 amidst challenges

RumbleOn navigates a tough powersports industry landscape with a focus on financial stability and operational efficiency. Despite revenue decline and industry headwinds, the company's strategic initiatives and commitment to long-term goals position it for growth.

RumbleON reports Q3 revenue decline, secures capital for growth

RumbleON's Q3 2024 performance reflects revenue and EBITDA declines YoY, with challenges in inventory management and declining sales in certain segments.
Despite these challenges, the company secured capital commitments, engaged in refinancing efforts, and demonstrated operational improvements in key business areas.
Opportunities lie in financial strengthening, operational efficiency enhancements, and strategic goal alignment for future growth and market expansion.

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Stocks were up across the board approaching midday on Thursday, after all the major indexes closed marginally higher Wednesday, except the Dow Jones industrial average.

Thursday Afternoon Analyst Upgrades and Downgrades: Chewy, Five Below, Smith & Wesson and More

DALLAS--(BUSINESS WIRE)--RumbleOn, Inc. (NASDAQ: RMBL), the nation's largest retailer of powersports vehicles and first omnichannel customer experience in powersports, today announced the closing of its previously announced business combination with RideNow, acquiring 100% of the RideNow dealership portfolio, bringing an unparalleled solution to powersports enthusiasts. The Company will host a conference call tomorrow, September 1, 2021 at 8:00 a.m. ET, to discuss the combined business. The Com

RumbleOn Announces the Closing of its Business Combination with RideNow, Creating the First Omnichannel Customer Experience in Powersports

DALLAS--(BUSINESS WIRE)--RumbleOn, Inc (NASDAQ: RMBL), the e-commerce company using innovative technology to simplify how dealers and consumers buy, sell, trade or finance pre-owned vehicles, today announced it expects the pending business combination with RideNow to close on Tuesday, August 31, 2021, acquiring 100% of the RideNow dealership portfolio. RumbleOn announced the pricing of its underwritten public offering this morning and has secured all funds necessary to close. “We are only days

RumbleOn Scheduled to Close its Business Combination with RideNow on August 31st

E-commerce platform for pre-owned recreation vehicles RumbleON (NASDAQ: RMBL)  has priced its previously announced underwritten public offering. The company is offering about 4.39 million shares of Class B Common Stock at $33.00 per share.

RumbleON Prices Public Offering Of Class B Common Stock

DALLAS--(BUSINESS WIRE)--RumbleOn, Inc. (NASDAQ: RMBL) (the “Company” or “RumbleOn”), an e-commerce company using innovative technology to aggregate and distribute pre-owned vehicles, today announced the pricing of its previously announced underwritten public offering. The Company is offering 4,393,939 shares of its Class B Common Stock, par value $0.001 per share, at a price to the public of $33.00 per share. In connection with the offering, the Company has also granted the underwriters a 30-d

RumbleOn, Inc. Announces Pricing of Public Offering of Its Class B Common Stock

DALLAS--(BUSINESS WIRE)--RumbleOn, Inc. (Nasdaq: RMBL) (the “Company” or “RumbleOn”), an e-commerce company using innovative technology to aggregate and distribute pre-owned vehicles, today announced that it is proposing to offer and sell, subject to market conditions, shares of its Class B Common Stock in an underwritten public offering. The Company expects to grant the underwriters a 30-day option to purchase up to an additional 15 percent of the shares of Class B Common Stock offered in the

RumbleOn, Inc. Announces Proposed Public Offering of its Class B Common Stock

DALLAS--(BUSINESS WIRE)--RumbleOn, Inc (NASDAQ: RMBL), the e-commerce company using innovative technology to simplify how dealers and consumers buy, sell, trade or finance pre-owned vehicles, today announced a strategic hire to its executive leadership team, Matthew McCartin as Chief Marketing Officer (CMO). McCartin will report to RumbleOn's CEO Marshall Chesrown, effective September 7, 2021. McCartin is an accomplished and strategic marketing leader with an impressive track record of driving

RumbleOn Announces Matthew McCartin as Chief Marketing Officer

RumbleON, Inc. (RMBL) CEO Marshall Chesrown on Q2 2021 Results - Earnings Call Transcript

RumbleON Inc (NASDAQ: RMBL) reported second-quarter FY21 revenue growth of 100% year-on-year to $168.3 million, beating the analyst consensus of $143.4 million. Revenues from Powersports rose 233% Y/Y to $28 million as Powersports unit sales expanded 181% Y/Y to 2,411 units.

RumbleON Posts 100% Revenue Growth, Expands Margins, Reiterates FY21 Outlook Above Consensus

Shares of RumbleON (NASDAQ:RMBL) decreased 6.2% in pre-market trading after the company reported Q2 results. Quarterly Results Earnings per share rose 41.34% year over year to ($1.05), which may not compare to the estimate of $0.06.

RumbleON: Q2 Earnings Insights

DALLAS--(BUSINESS WIRE)--RumbleOn Reports Second Quarter 2021 Earnings. Delivers 100% Revenue and 131% Gross Profit Growth, provides update on pending RideNow transaction

RumbleOn Delivers 100% Year-over-Year Revenue Growth and 131% Gross Profit Growth in the Second Quarter 2021

DALLAS, TX / ACCESSWIRE / July 30, 2021 / RumbleOn, Inc. (NASDAQ:RMBL), the e-commerce company using innovative technology to simplify how dealers and consumers buy, sell, trade or finance pre-owned vehicles, today announced that in the special meeting of stockholders held today, its stockholders voted to approve the proposed business combination with RideNow (the "Transaction") and related proposals. The Transaction is expected to close during the third quarter, subject to the satisfaction of customary closing conditions.

RumbleOn Stockholders Approve Business Combination with RideNow

DALLAS--(BUSINESS WIRE)--RumbleOn, Inc (NASDAQ: RMBL), an e-commerce company using innovative technology to aggregate and distribute pre-owned vehicles to dealers, today announced it will release second quarter 2021 financial results before the market opens on August 2, 2021. On that day management will host a conference call and webcast at 8:30 a.m. ET to discuss the company's business and financial results. Second Quarter Conference Call and Webcast Details What: RumbleOn Second Quarter 2021

RumbleOn to Report Second Quarter 2021 Financial Results on August 2, 2021

Special Meeting of Shareholders to be held on July 30, 2021 at 8:00 a.m. CT DALLAS, TX / ACCESSWSIRE / July 1, 2021 / RumbleOn, Inc. (NASDAQ:RMBL), the e-commerce company using innovative technology to simplify how dealers and consumers buy, sell, trade or finance pre-owned vehicles, today announced that it has filed its definitive proxy statement and will hold a special meeting of its shareholders ("Special Meeting") to consider and vote on matters relating to the proposed business combination with RideNow (the "Transaction") as disclosed in the definitive proxy statement.

RumbleOn Announces Filing of Definitive Proxy Statement and Date for Special Meeting of Shareholders Relating to Previously Announced Business Combination with RideNow

DALLAS--(BUSINESS WIRE)--RumbleOn, Inc (NASDAQ: RMBL), the e-commerce company using innovative technology to simplify how dealers and consumers buy, sell, trade or finance pre-owned vehicles, today announced that Michael Francis, a seasoned legal professional and the Company's outside counsel, will be joining RumbleOn as General Counsel. Michael has worked with RumbleOn from the beginning, leading the Company's outside legal team at Akerman LLP. Michael has a long history working with RumbleOn'

RumbleOn Welcomes Michael Francis to its Leadership Team as General Counsel

RumbleOn Inc (NASDAQ: RMBL) has updated on the pending business combination with RideNow while reiterating its prior guidance. RumbleOn had filed preliminary proxy materials with the Securities and Exchange Commission (SEC) related to the pending business combination with RideNow.

RumbleOn Provides Update on RideNow Merger, Reiterates Guidance

DALLAS--(BUSINESS WIRE)--RumbleOn, Inc. (NASDAQ: RMBL), the e-commerce company using innovative technology to simplify how dealers and consumers buy, sell, trade or finance pre-owned vehicles, is providing an update on the pending business combination with RideNow and is reiterating its prior guidance. RumbleOn and RideNow are proposing to combine their businesses to create the first – and only – omnichannel powersport platform in the U.S., offering the fastest, easiest, and most transparent tr

RumbleOn Provides an Update on the Proposed Business Combination with RideNow and Reiterates Prior Outlook

DALLAS--(BUSINESS WIRE)--RumbleOn, Inc. (NASDAQ: RMBL), the e-commerce company using innovative technology to simplify how dealers and consumers buy, sell, trade or finance pre-owned vehicles, today announced Peter Levy, the Company's Chief Operating Officer has been appointed to its Board of Directors, effective June 17, 2021. Levy has a 25-year distinguished career in both building and consulting technology companies. He is a seasoned sales and marketing leader and has demonstrated his abilit

RumbleOn Appoints Peter Levy, the Company's Chief Operating Officer, to its Board of Directors

DALLAS--(BUSINESS WIRE)--RumbleOn, Inc. (NASDAQ: RMBL), the e-commerce company using innovative technology to simplify how dealers and consumers buy, sell, trade or finance pre-owned vehicles, today announced that Beverly Rath will act as Interim Chief Financial Officer (CFO), effective immediately, following the unexpected death of Steven Berrard, RumbleOn's co-founder and CFO on June 7, 2021. Rath will report to Marshall Chesrown, RumbleOn's Chairman and Chief Executive Officer. The Company a

RumbleOn Appoints Beverly Rath as Interim Chief Financial Officer and Controller

DALLAS--(BUSINESS WIRE)--RumbleOn, Inc. (NASDAQ: RMBL) announces the unexpected passing of Steven Berrard, the Company's Chief Financial Officer and a member of the Board of Directors, on Monday evening. “It is with great sadness that we announce the passing of our dear friend, Steve Berrard. On behalf of the RumbleOn family, its Board of Directors and management team, we extend our deepest sympathies to Steve's wife, his five children, and his family, all of whom he deeply cherished,” said Mar

RumbleOn, Inc. Mourns the Passing of Steven Berrard, Chief Financial Officer and Director of the Company

DALLAS--(BUSINESS WIRE)--RumbleOn, Inc (NASDAQ: RMBL), the e-commerce company using innovative technology to simplify how dealers and consumers buy, sell, trade or finance pre-owned vehicles, today announced it will be an official sponsor of the world-famous Sturgis Motorcycle Rally for another three years. RumbleOn will have a physical presence at the rally where powersport enthusiasts can buy, sell or trade their powersport vehicles onsite, and interact with the brand at the prominent corner

RumbleOn Announces Three Year Sponsorship of the City of Sturgis® Motorcycle Rally™

RumbleON's (RMBL) CEO Marshall Chesrown on Q1 2021 Results - Earnings Call Transcript

DALLAS--(BUSINESS WIRE)--RumbleOn, Inc (NASDAQ: RMBL), an e-commerce company using innovative technology to aggregate and distribute pre-owned vehicles 100% online, today announced financial results for the three months ended March 31, 2021. Management is hosting an investor call to discuss results today, May 17, 2021 at 8:30am ET. “During the past year we have continued to enhance our strategy and technology stack, paving the road for RumbleOn to participate in a tremendous share of powersport

RumbleOn Reports Sequential Revenue Growth of 48% and Gross Profit Growth of 46% for the First Quarter 2021

DALLAS--(BUSINESS WIRE)--RumbleOn, Inc (NASDAQ: RMBL), an e-commerce company using innovative technology to aggregate and distribute pre-owned vehicles to dealers, today announced it will release first quarter 2021 financial results before the market opens on May 17, 2021. On that day management will host a conference call and webcast at 8:30 a.m. ET to discuss the company's business and financial results. First Quarter Conference Call and Webcast Details What: RumbleOn First Quarter 2021 Earni

RumbleOn to Report First Quarter 2021 Financial Results on May 17, 2021

NEW ORLEANS--(BUSINESS WIRE)--Former Attorney General of Louisiana Charles C. Foti, Jr., Esq. and the law firm of Kahn Swick & Foti, LLC (“KSF”) are investigating the proposed merger of RumbleOn (NasdaqGS: RMBL) (“the Company”) with RideNow Powersports. KSF is seeking to determine whether the merger and the process that led to it are adequate and fair to the Company's shareholders. If you would like to discuss your legal rights regarding the proposed sale, you may, without obligation or cos

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