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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NEW YORK, March 19, 2021 /PRNewswire/ --  Juan Monteverde , founder and managing partner at Monteverde & Associates PC, a national securities firm rated Top 50 in the 2018 and 2019 ISS Securities Class Action Services Report and headquartered at the Empire State Building in New York City, is investigating  RumbleOn, Inc. ("RMBL" or "the Company") ( RMBL ) relating to its proposed acquisition by RideNow Powersports. The investigation focuses on whether RumbleOn, Inc. and its Board of Directors violated securities laws and/or breached their fiduciary duties to the Company by 1) failing to conduct a fair process, and 2) whether the transaction is properly valued.

SHAREHOLDER ALERT: Monteverde & Associates PC Announces an Investigation of RumbleOn, Inc. - RMBL

NEW YORK, March 15, 2021 /PRNewswire/ -- WeissLaw LLP is investigating possible breaches of fiduciary duty and other violations of law by the board of directors of RumbleOn, Inc. ("RumbleOn," or the "Company") (NASDAQ: RMBL) in connection with the Company's acquisition of privately-held RideNow Powersports ("RideNow").  Under the terms of the merger agreement, RumbleOn will combine with up to 46 entities operating under the RideNow brand for a total consideration of up to $575.4 million, consisting of $400.4 million of cash and approximately 5.8 million shares of RumbleOn class B stock.

SHAREHOLDER ALERT: WeissLaw LLP Investigates RumbleOn, Inc.

NEW YORK--(BUSINESS WIRE)--Halper Sadeh LLP, a global investor rights law firm, is investigating whether the merger of RumbleOn, Inc. (NASDAQ: RMBL) and RideNow is fair to RumbleOn shareholders. Halper Sadeh encourages RumbleOn shareholders to click here to learn more about their legal rights and options or contact Daniel Sadeh or Zachary Halper at (212) 763-0060 or sadeh@halpersadeh.com or zhalper@halpersadeh.com. The investigation concerns whether RumbleOn and its board of directors violated

RumbleOn Merger Investigation: Halper Sadeh LLP Announces Investigation Into Whether the Merger of RumbleOn, Inc. Is Fair to Shareholders; Investors Are Encouraged to Contact the Firm – RMBL

The stock price of RumbleOn, Inc (NASDAQ: RMBL) has increased by over 30% pre-market. This is why it happened.

RMBL Stock Price Increases Over 30% Pre-Market: Why It Happened

DALLAS & CHANDLER, Ariz.--(BUSINESS WIRE)--RumbleOn, Inc. (NASDAQ: RMBL), an ecommerce company using innovative technology to aggregate and distribute pre-owned vehicles to and from both consumers and dealers, and the nation's largest powersports dealer, RideNow, today announced they have entered into a definitive merger/equity purchase agreement, creating the only omnichannel customer experience in powersports and the largest publicly traded powersports dealership platform. The integration of

RumbleOn and RideNow Announce Definitive Agreement to Combine Companies

DALLAS--(BUSINESS WIRE)--RumbleOn, Inc (NASDAQ: RMBL), an e-commerce company using innovative technology to aggregate and distribute pre-owned vehicles to and from both consumers and dealers, today announced financial results for the year ended December 31, 2020. Management is hosting an investor call to discuss results today, March 15, 2021 at 8:30am ET. “Less than seven months after launching RumbleOn 3.0 its clear the newest generation of RumbleOn has been a great success,” said Marshall Che

RumbleOn Announces Full Year 2020 Financial Results

RumbleON, Inc. (RMBL) CEO Marshall Chesrown on Q3 2020 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 to and from both consumers and dealers, today announced financial results for the three months ended September 30, 2020. “Q3 was another record-breaking quarter for RumbleOn,” said Marshall Chesrown, RumbleOn's CEO. “We generated positive adjusted EBITDA for the first time in the Company's history and grew total gross profit per vehicle more tha

RumbleOn Reports Record Gross Profit Margin and Earnings per Share for the Third Quarter 2020

DALLAS--(BUSINESS WIRE)--RumbleOn, Inc (NASDAQ: RMBL), an e-commerce company using innovative technology to aggregate and distribute pre-owned vehicles to and from both consumers and dealers, today announced it will release third quarter 2020 financial results before the market opens on November 10, 2020. 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. Webcast and Conference Call Details When: November 10, 2

RumbleOn To Announce Third Quarter 2020 Financial Results on November 10, 2020

DALLAS--(BUSINESS WIRE)--RumbleOn, Inc (NASDAQ: RMBL), an e-commerce company using innovative technology to aggregate and distribute pre-owned vehicles to and from both consumers and dealers, will virtually present at the upcoming LD Micro Conference at 11:00 a.m. ET on Friday, September 4, 2020.

RumbleOn to Present at Upcoming LD Micro Conference

DALLAS--(BUSINESS WIRE)--RumbleOn, Inc (NASDAQ: RMBL), an e-commerce company using innovative technology to aggregate and distribute pre-owned vehicles to and from both consumers and dealers, announced that it launched the newest generation of RumbleOn, RumbleOn.com 3.0, bringing over 18,000 powersport vehicles to consumers nationwide. Across the country franchise and independent dealerships are looking to RumbleOn.com 3.0 to significantly improve and accelerate their online presence.

RumbleOn Launches 3.0 With Over 18,000 Powersport Vehicles Available

RumbleON, Inc. (RMBL) CEO Marshall Chesrown on Q2 2020 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 to and from both consumers and dealers, today announced financial results for the three months ended June 30, 2020. “We have demonstrated solid progress on our march to profitability the past several quarters and I am pleased to report that we generated double digit gross margin as a percent of sales and $1.0 million in net income in the quarter

RumbleOn Reports Second Quarter 2020 Results

RumbleON (NASDAQ: RMBL) releases its next round of earnings this Friday, August 14.

Earnings Outlook For RumbleON

RumbleOn has recently signed a deal with CarGurus. But it may not be enough to take RMBL stock to new highs.

E-commerce Platform RumbleOn Shares Will Likely See $15 Before $30

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 auto industry veteran and financial services technology specialist, Marc Holstein, joins the Company as Director of B2B Technology. Holstein brings more than 20 years of technology management and leadership experience to RumbleOn.

Marc Holstein Joins RumbleOn as Director of Business to Business Technology

Under pressure for a long time, the RMBL stock price now has a reason to shift into a higher gear for the remainder of the year.
The post RumbleOn Is Revved Up and Won’t Slow Down appeared first on InvestorPlace.

RumbleOn Is Revved Up and Won’t Slow Down

DALLAS--(BUSINESS WIRE)--RumbleOn (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 has registered over 100 dealership locations in 29 states representing thousands of new and used powersports listings to participate in its upcoming launch of RumbleOn.com 3.0 in early August. RumbleOn’s technology and distribution network will enable these brick and mortar dealerships to rea

RumbleOn Registers Over 100 Dealers in 29 States for the New RumbleOn.com 3.0

DALLAS--(BUSINESS WIRE)--RumbleOn (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 Adam Alexander has been appointed as a director to the Company’s board of directors, effective July 15, 2020. The Company also announced that Kartik Kakarala has resigned from the board of directors, effective July 15, 2020.

RumbleOn Announces Appointment of Adam Alexander 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 it will release second quarter 2020 financial results before market opens on August 14, 2020. On that day management will host a conference call and webcast at 8:30 a.m.

RumbleOn to Announce Second Quarter 2020 Financial Results on August 14, 2020

DALLAS--(BUSINESS WIRE)--RumbleOn (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 the upcoming launch of RumbleOn.com 3.0, expected in early August. RumbleOn.com 3.0 will allow dealers to list both new and used powersports on RumbleOn’s consumer website and leverage RumbleOn’s technology such as cash offers, RumbleOn Finance and an enhanced Dealer Direct platform which will o

RumbleOn to Bring Online Capabilities to Powersport Dealers Across the Nation

RumbleOn (RMBL) news for Friday includes a deal with used-car dealer CarGurus (CARG) that has RMBL stock revving higher.
The post RumbleOn News: Why RMBL Stock Is Racing 189% Higher appeared first on InvestorPlace.

RumbleOn News: Why RMBL Stock Is Racing 189% Higher

RumbleON (NASDAQ: RMBL) shares are trading higher on Friday after the company announced a dealer-centric pilot program with CarGurus.

Why RumbleON's Stock Is Trading Higher Today

DALLAS--(BUSINESS WIRE)--RumbleOn (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 senior management will present at the J.P. Morgan Auto Conference on Wednesday, August 12.

RumbleOn To Present at Upcoming J.P. Morgan Auto Conference

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