RumbleON, Inc. operates an e-commerce platform that aggregates and distributes pre-owned vehicles to and from consumers and dealers in North America. It operates in three segments: Powersports, Automotive, and Vehicle Logistics and Transportation. The Powersports segment distributes motorcycles. The Automotive segment distributes cars and trucks. The Vehicle Logistics and Transportation Service segment provides automotive transportation services primarily between dealerships and auctions. It operates a platform that facilitates the ability of all participants in the supply chain, including RumbleOn, other dealers, and consumers to buy-sell-trade-finance-transport pre-owned vehicles. The company was formerly known as Smart Server, Inc. and changed its name to RumbleON, Inc. in February 2017. RumbleON, Inc. was incorporated in 2013 and is based in Irving, Texas.
IPO Year:
Exchange: NASDAQ
Website: rumbleon.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 1/14/2025 | $7.50 → $5.00 | Buy → Neutral | DA Davidson |
| 11/29/2024 | $7.00 | Buy → Neutral | B. Riley Securities |
| 9/21/2022 | Peer Perform | Wolfe Research | |
| 2/15/2022 | $55.00 → $40.00 | Outperform | Wedbush |
| 10/14/2021 | $47.00 | Buy | DA Davidson |
| 9/15/2021 | $55.00 | Outperform | Wedbush |
| 9/2/2021 | $70.00 | Buy | B. Riley Securities |
| 9/2/2021 | $42.00 | Outperform | Baird |
| 9/2/2021 | $42.00 | Outperform | Robert W. Baird |
Michael Quartieri, Chairman of the Board, Appointed as Chief Executive Officer, Cameron Tkach Promoted to Executive Vice President and Chief Operating Officer,Becca Polak Named as Vice Chairman and Lead Independent Director IRVING, Texas, Jan. 13, 2025 /PRNewswire/ -- RumbleOn, Inc. (NASDAQ:RMBL) (the "Company" or "RumbleOn"), the largest powersports retailer in North America, today announced the following leadership changes, each effective as of January 13, 2025: Michael Quartieri, Chairman of the Board of Directors, has been appointed Chief Executive Officer;Cameron Tkach, V
IRVING, Texas, Dec. 17, 2024 /PRNewswire/ -- RumbleOn, Inc. (NASDAQ:RMBL) (the "Company," "RumbleOn," "we," "us," or "our") today announced the final results of its $10.0 million fully backstopped registered equity rights offering (the "Rights Offering") for shares of the Company's Class B common stock, par value $0.001 per share (the "Class B common stock"). The subscription period for the Rights Offering expired at 5:00 p.m. Eastern Time, on December 12, 2024. The Rights Offering resulted in subscriptions for 2,043,011 shares, which represents approximately 85% of the shares offered at a price of $4.18 per share (the "Subscription Price"). The shares subscribed for in the Rights Offering a
IRVING, Texas, Dec. 13, 2024 /PRNewswire/ -- RumbleOn, Inc. (NASDAQ:RMBL) (the "Company," "RumbleOn," "we," "us," or "our") today announced the preliminary results of its $10.0 million fully backstopped registered equity rights offering (the "Rights Offering") for shares of the Company's Class B common stock, par value $0.001 per share (the "Class B common stock"). The subscription period for the Rights Offering expired at 5:00 p.m. Eastern Time, on December 12, 2024 (the "Expiration Time"). The Rights Offering resulted in subscriptions to purchase 2,043,011 shares of Class B common stock at a price of $4.18 per share (the "Subscription Price"). The shares of Class B common stock subscribed
IRVING, Texas, Nov. 26, 2024 /PRNewswire/ -- RumbleOn, Inc. (NASDAQ:RMBL) (the "Company" or "RumbleOn") announced today that it has commenced a $10.0 million fully backstopped registered equity rights offering (the "Rights Offering"), pursuant to which the Company is expected to receive aggregate gross proceeds of $10.0 million, less expenses related to the Rights Offering. The Company intends to use the proceeds from the Rights Offering for general corporate purposes which may include repayment of the Company's convertible senior 6.75% promissory notes due January 1, 2025. The proceeds raised will also satisfy, in part, the additional capital financing obligations of the Company pursuant to
IRVING, Texas, Nov. 15, 2024 /PRNewswire/ -- RumbleOn, Inc. (NASDAQ:RMBL) (the "Company" or "RumbleOn") announced today that the close of business (4:00 p.m. Central Time) on November 25, 2024 has been fixed as the record date (the "Record Date") for its previously announced proposed $10.0 million registered equity rights offering (the "Rights Offering"), which was announced in a Form 8-K filed with the U.S. Securities and Exchange Commission ("SEC") on November 12, 2024. RMBL), operates through two operating segments: our Powersports dealership group and Wholesale Express, LLC, an asset-light transportation services provide
IRVING, Texas, Nov. 12, 2024 /PRNewswire/ -- RumbleOn, Inc. (NASDAQ:RMBL), the "Company" or "RumbleOn", today announced results for the third quarter ended September 30, 2024. RMBL), operates through two operating segments: our Powersports dealership group and Wholesale Express, LLC, an asset-light transportation services provider focused on the automotive industry. The Company's Powersports group is the largest powersports retail group in the United States (as measured by reported revenue, major unit sales and dealership locations), offering over 500 powersports franchises representing 50 different brands of products." alt=
Private Label Partnership Drives More Sales Through Fast, Easy Financing and Branded, Lifecycle Marketing NEW YORK, Oct. 29, 2024 /PRNewswire/ -- Octane® (Octane Lending, Inc.®), the fintech revolutionizing the buying experience for major recreational purchases, and RideNow, a RumbleOn company and the largest powersports retailer in North America, announced a partnership to launch branded finance in RideNow's 56 retail stores under the RideNow Finance brand. Effective immediately, RideNow Powersports customers can purchase over 18,000 new and pre-owned vehicles from a large s
RumbleOn, Inc. (NASDAQ:RMBL), the "Company" or "RumbleOn", today announced results for the second quarter ended June 30, 2024. Key Second Quarter 2024 Highlights (Compared to Second Quarter 2023): Revenue of $336.8 million decreased 12.0% Net loss totaled $0.7 million compared to net loss of $13.6 million Selling, general & administrative expense (SG&A) was $71.4 million compared to $100.3 million. Adjusted SG&A(1) decreased 19.4% to $70.8 million, or 78.7% of gross profit (GP), from $87.8 million, or 82.5% of GP Adjusted EBITDA(1)(2) of $16.2 million decreased 19.8% Other Highlights: Operating cash flows for the first half of 2024 totaled $29.2 million compared to $(5.6
RumbleOn, Inc. (NASDAQ:RMBL) (the "Company" or "RumbleOn"), today announced that it will release its second quarter 2024 operational and financial results before the market opens on Wednesday, August 7, 2024. The Company has scheduled a conference call and webcast on the same day at 7:00 a.m. Central Time (8:00 a.m. Eastern Time) to discuss its operational and financial results. The call will be hosted by Mike Kennedy, Chief Executive Officer, and Tiffany Kice, Chief Financial Officer. What: RumbleOn Second Quarter 2024 Earnings Conference Call When: Wednesday, August 7, 2024, at 7:00 am Central Time (8:00 a.m. Eastern Time) Conference Call Dial In: 1-646-307-1865 for United Stat
IRVING, Texas, June 4, 2024 /PRNewswire/ -- RumbleOn, Inc. (NASDAQ:RMBL), the nation's largest retailer of new and used powersports products, today announced the appointment of Tiffany Kice as its new Chief Financial Officer (CFO), effective June 24, 2024. Kice brings over 25 years of experience in financial leadership roles for public and private companies across various industries, including extensive expertise in multi-site retail. "Her experience makes her a perfect fit for RumbleOn as we continue to transform our business.""We are thrilled to welcome Tiffany to the Rumble
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Michael Quartieri, Chairman of the Board, Appointed as Chief Executive Officer, Cameron Tkach Promoted to Executive Vice President and Chief Operating Officer,Becca Polak Named as Vice Chairman and Lead Independent Director IRVING, Texas, Jan. 13, 2025 /PRNewswire/ -- RumbleOn, Inc. (NASDAQ:RMBL) (the "Company" or "RumbleOn"), the largest powersports retailer in North America, today announced the following leadership changes, each effective as of January 13, 2025: Michael Quartieri, Chairman of the Board of Directors, has been appointed Chief Executive Officer;Cameron Tkach, V
IRVING, Texas, June 4, 2024 /PRNewswire/ -- RumbleOn, Inc. (NASDAQ:RMBL), the nation's largest retailer of new and used powersports products, today announced the appointment of Tiffany Kice as its new Chief Financial Officer (CFO), effective June 24, 2024. Kice brings over 25 years of experience in financial leadership roles for public and private companies across various industries, including extensive expertise in multi-site retail. "Her experience makes her a perfect fit for RumbleOn as we continue to transform our business.""We are thrilled to welcome Tiffany to the Rumble
DALLAS, Feb. 22, 2024 /PRNewswire/ -- RumbleOn (NASDAQ:RMBL), the country's largest retailer of powersports vehicles, today announced the appointment of Brandy Treadway as the company's Senior Vice President and Chief Legal Officer. Treadway brings over two decades of legal expertise, including executive positions at J.C. Penney Company, Inc. and as a partner at Martin Powers & Counsel, PLLC. Treadway will lead RumbleOn's legal and human resources functions. RMBL), the country's largest retailer of powersports vehicles." alt="Brandy Treadway was named Senior Vice President and Chief Legal Officer of RumbleOn (NASDAQ:RMBL), t
Mr. Kennedy brings more than 30 years of Powersports Industry Leadership Experience RumbleOn, Inc. (NASDAQ:RMBL) (the "Company" or "RumbleOn"), the largest powersports retailer in North America, today announced that Michael "Mike" Kennedy has been appointed Chief Executive Officer effective November 1, 2023. In connection with his appointment as CEO, Kennedy will also join the RumbleOn Board of Directors as of that date. Mr. Kennedy succeeds Mark Tkach, who has served as Interim Chief Executive Officer since June 2023. Mr. Kennedy is an accomplished Powersports industry veteran who brings over three decades of experience in strategy, commercial operations, financial management, and manu
Mark Tkach – Co-Founder of RideNow – Appointed Interim CEO RumbleOn and the Coulter-Tkach Group Reach Resolution to End Proxy Contest RumbleOn, Inc. (NASDAQ:RMBL) ("RumbleOn" or the "Company"), the nation's first technology-based powersports platform, today announced that the Board of Directors ("the Board") has appointed Mark Tkach, the Co-Founder of the RideNow powersports group, acquired by RumbleOn in August of 2021, and a major shareholder, to serve as the Interim Chief Executive Officer of the Company, following the resignation of Marshall Chesrown from that role on June 15, 2023. During Mr. Tkach's interim service, the Board's Executive Transition Committee will continue its effo
Reflects Company's Commitment to Strengthening Corporate Governance RumbleOn, Inc. (NASDAQ:RMBL) ("RumbleOn" or "the Company"), the nation's first technology-based powersports platform, today announced the appointment of Mr. Steven J. Pully to its Board of Directors ("the Board"), effective May 11, 2023. Mr. Pully is an experienced board member, investment banker, restructuring professional and corporate executive. He has served on over 35 boards over the course of his career across a wide range of industries, including retail, entertainment, manufacturing, technology, and energy and power. Mr. Pully's appointment follows a number of corporate governance enhancements recently implemente
Issue Open Letter to Stockholders Detailing Concerns With Company's Poor Shareholder Return and Highly Deficient Governance IRVING, Texas, March 15, 2023 /PRNewswire/ -- William Coulter and Mark Tkach, who together own approximately 32.5% of the outstanding Class B shares of common stock of RumbleOn, Inc. ("RumbleOn" or the "Company")(NASDAQ:RMBL), today issued an open letter to the Company's stockholders. Mr. Coulter and Mr. Tkach announced that they have nominated five highly qualified candidates for three Board seats that will be up for election to the Board of Directors of the Company (the "Board") at its 2023 Annual Meeting of Stockholders. Below is the full text of the letter: Dear Fel
RumbleOn, Inc. (NASDAQ:RMBL) (the "Company" or "RumbleOn"), the nation's first technology-based omnichannel powersports platform, today announced the appointment of Ms. Shin Lee to its Board of Directors. Ms. Lee is a seasoned executive bringing nearly 20 years of experience from leading Fortune 500 companies including Block Inc., and Wells Fargo. Following the appointment of Ms. Lee, the Board is composed of seven directors, five of whom are independent. Ms. Lee will serve on the Board's Nominating and Corporate Governance Committee and its Compensation Committee. Marshall Chesrown, RumbleOn's Chairman and Chief Executive Officer, commented, "We are honored to welcome Shin Lee to RumbleOn
Mr. Sahai brings more than 18 years of Finance Leadership Experience from Bellwether Companies in Technology, Energy, and Automotive Sectors.DALLAS, TX / ACCESSWIRE / February 1, 2022 / RumbleOn, Inc. (NASDAQ:RMBL), the nation's largest retailer of powersports vehicles and first omnichannel customer experience in powersports, today announced that Narinder Sahai has been appointed as the company's Chief Financial Officer. Mr. Sahai will serve as a member of the executive leadership team and report directly to RumbleOn's Chief Executive Officer, Marshall Chesrown, beginning February 1, 2022.Mr. Sahai is an accomplished finance and strategy executive bringing leadership experience from innovati
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 ability to successfully foster relationships with senior executives for I.T. Operations, Finance, Sales and company building opportunities across a broad scope of industries. "Peter has been instrumental to the evolution of Rumble
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IRVING, Texas, Nov. 12, 2024 /PRNewswire/ -- RumbleOn, Inc. (NASDAQ:RMBL), the "Company" or "RumbleOn", today announced results for the third quarter ended September 30, 2024. RMBL), operates through two operating segments: our Powersports dealership group and Wholesale Express, LLC, an asset-light transportation services provider focused on the automotive industry. The Company's Powersports group is the largest powersports retail group in the United States (as measured by reported revenue, major unit sales and dealership locations), offering over 500 powersports franchises representing 50 different brands of products." alt=
RumbleOn, Inc. (NASDAQ:RMBL), the "Company" or "RumbleOn", today announced results for the second quarter ended June 30, 2024. Key Second Quarter 2024 Highlights (Compared to Second Quarter 2023): Revenue of $336.8 million decreased 12.0% Net loss totaled $0.7 million compared to net loss of $13.6 million Selling, general & administrative expense (SG&A) was $71.4 million compared to $100.3 million. Adjusted SG&A(1) decreased 19.4% to $70.8 million, or 78.7% of gross profit (GP), from $87.8 million, or 82.5% of GP Adjusted EBITDA(1)(2) of $16.2 million decreased 19.8% Other Highlights: Operating cash flows for the first half of 2024 totaled $29.2 million compared to $(5.6
RumbleOn, Inc. (NASDAQ:RMBL) (the "Company" or "RumbleOn"), today announced that it will release its second quarter 2024 operational and financial results before the market opens on Wednesday, August 7, 2024. The Company has scheduled a conference call and webcast on the same day at 7:00 a.m. Central Time (8:00 a.m. Eastern Time) to discuss its operational and financial results. The call will be hosted by Mike Kennedy, Chief Executive Officer, and Tiffany Kice, Chief Financial Officer. What: RumbleOn Second Quarter 2024 Earnings Conference Call When: Wednesday, August 7, 2024, at 7:00 am Central Time (8:00 a.m. Eastern Time) Conference Call Dial In: 1-646-307-1865 for United Stat
8.3% Improvement in Adjusted EBITDA on 8.0% Lower Revenue Operating Income of $5.2 Million Versus Operating Loss of $0.7 Million Last Year Financial and Operational Highlights (compared to last year's first quarter) New powersports unit retail sales of 10,503 versus 10,436 or up 0.6%. Pre-owned powersports unit retail sales of 5,005 versus 5,781 or down 13.4%. Company Revenue of $307.8 million, down $26.6 million or 8.0%. SG&A expenses totaled $73.9 million, down $12.4 million or 14.4%. Company Gross Profit of $82.6 million; Company Gross Profit Margin of 26.8%, down 20 basis points. Operating Income of $5.2 million versus Operating Loss of $0.7 million last year and n
RumbleOn, Inc. (NASDAQ:RMBL) (the "Company" or "RumbleOn"), today announced that it will release its first quarter 2024 operational and financial results before the market opens on Wednesday, May 8, 2024. The Company has scheduled a conference call and webcast on the same day at 7:00 a.m. Central Time (8:00 a.m. Eastern Time) to discuss its operational and financial results. The call will be hosted by Mike Kennedy, Chief Executive Officer, and Blake Lawson, Chief Financial Officer. What: RumbleOn First Quarter 2024 Earnings Conference Call When: Wednesday, May 8, 2024, at 7:00 am Central Time (8:00 a.m. Eastern Time) Conference Call Dial In: 1-646-307-1865 for United States calle
Raised $100 Million through Rights Offering Paid Down $50 Million of Debt in the Quarter RumbleOn, Inc. (NASDAQ:RMBL), today announced results for its quarter and full year ended December 31, 2023. FOURTH QUARTER AND FULL YEAR 2023 HIGHLIGHTS Total Revenue was $311.1 million for the fourth quarter, down 6.2% from the prior year fourth quarter. For the year, revenue decreased 6.3% to $1.366 billion. Total Powersport Vehicle Retail Sales were down 5.8% compared to the prior year fourth quarter, with a total of 15,596 units, including 11,293 new units and 4,303 pre-owned units sold in this year's fourth quarter. For the year, total Powersport vehicle retail sales were down 3.2% wit
RumbleOn, Inc. (NASDAQ:RMBL) (the "Company" or "RumbleOn"), operates primarily through two operating segments: the RideNow Powersports dealership group and Wholesale Express, an asset-light logistics provider focused on the automotive industry. RumbleOn today announced that it will release its fourth quarter and full year 2023 operational and financial results before the market opens on Thursday, March 14, 2024. The Company has scheduled a conference call and webcast on the same day at 7:00 a.m. Central Time (8:00 a.m. Eastern Time) to discuss its operational and financial results. What: RumbleOn Fourth Quarter and Full Year 2023 Earnings Conference Call When: Thursday, March 14, 20
Paid Down $47 Million of Term Debt Reiterates 2023 Outlook RumbleOn, Inc. (NASDAQ:RMBL) (the "Company" or "RumbleOn"), the largest powersports retailer in North America, today announced operational and financial results for the three months ended September 30, 2023. RumbleOn management is hosting an earnings call to discuss the Company's results today, November 7, 2023, at 7:00 am CT (8:00 am ET). Third Quarter 2023 Financial and Operational Highlights Total Unit Sales of 17,573, comprised of 10,851 New Units and 6,722 Used Units, resulting in New:Used ratio of 1.6x, a slight decrease from the prior quarter Total Company Revenue of $338.1 million, down 11.7% sequentially, driven
RumbleOn, Inc. (NASDAQ:RMBL) (the "Company" or "RumbleOn") announced today that it will release its third quarter 2023 operational and financial results before the market opens on Tuesday, November 7, 2023. The Company has scheduled a conference call and webcast on the same day at 7:00 a.m. Central Time (8:00 a.m. Eastern Time) to discuss its operational and financial results. What: RumbleOn Third Quarter 2023 Earnings Conference Call When: Tuesday, November 7, 2023, at 7:00 am Central Time (8:00 a.m. Eastern Time) Conference Call Dial In: 1-877-407-9716 for United States callers, or 1-201-493-6779 for callers outside the United States Webcast: A live and archived webcast of t
RumbleOn, Inc. (NASDAQ:RMBL) (the "Company" or "RumbleOn"), the nation's first, and largest, publicly traded powersports platform (dealership group), today announced operational and financial results for the three months ended June 30, 2023. RumbleOn management is hosting an earnings call to discuss the Company's results today, August 9, 2023, at 7:30 am CT (8:30 am ET). Second Quarter 2023 Financial and Operational Highlights Total Unit Sales of 20,277, comprised of 13,126 New Units and 7,151 Used Units, resulting in New:Used ratio of 1.8x, a slight increase from the prior quarter and more in line with a normal post-Covid ratio Total Company Revenue of $382.7 million, up 14.5% sequ
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DA Davidson downgraded RumbleOn from Buy to Neutral and set a new price target of $5.00 from $7.50 previously
B. Riley Securities downgraded RumbleOn from Buy to Neutral and set a new price target of $7.00
Wolfe Research initiated coverage of RumbleOn with a rating of Peer Perform
Wedbush reiterated coverage of RumbleON with a rating of Outperform and set a new price target of $40.00 from $55.00 previously
DA Davidson initiated coverage of RumbleOn with a rating of Buy and set a new price target of $47.00
Wedbush initiated coverage of RumbleON with a rating of Outperform and set a new price target of $55.00
B. Riley Securities initiated coverage of RumbleOn with a rating of Buy and set a new price target of $70.00
Baird initiated coverage of RumbleON with a rating of Outperform and set a new price target of $42.00
Robert W. Baird initiated coverage of RumbleOn with a rating of Outperform and set a new price target of $42.00