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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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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RumbleON, Inc. (RMBL) CEO Marshall Chesrown on Q1 2020 Results - Earnings Call Transcript

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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 financial results for the three months ended March 31, 2020. “Consistent with the goals we outlined last fall, we have taken prescriptive measures to drive gross margin expansion, gross profit per unit improvements and reduce operating expenses. We had a strong start to the year, with January an

RumbleOn Reports First Quarter 2020 Results

DALLAS--(BUSINESS WIRE)--RumbleOn, Inc (Nasdaq: RMBL) (the “Company”), the e-commerce company using innovative technology to simplify how dealers and consumers buy, sell, trade, or finance pre-owned vehicles, today filed an amendment to the selling securityholder registration statement previously filed with the Securities and Exchange Commission (the “SEC”) on June 19, 2020 for the resale of the Convertible Senior Notes due 2025 (the “Notes”) and the shares of Class B Common Stock issuable upon

RumbleOn Files Amendment to the Selling Securityholder Registration Statement

The automotive e-commerce platform implemented a reverse split in order to regain compliance with Nasdaq listing requirements.

Why It Looks Like RumbleON Stock Jumped Today

RumbleON Is Making Progress, But Needs Finance

RumbleON, Inc. (RMBL) CEO Marshall Chesrown on Q3 2019 Results - Earnings Call Transcript

This is a high-risk stock that isn't for the faint-hearted, and the share price has sunk to new lows.

RumbleON's Binary Experiment

RumbleOn's (RMBL) CEO Marshall Chesrown on Q2 2019 Results - Earnings Call Transcript

RumbleON, Inc. (RMBL) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report.

Analysts Estimate RumbleON, Inc. (RMBL) to Report a Decline in Earnings: What to Look Out for

On paper, their business model looked very promising and the company has indeed produced spectacular growth.

RumbleOn Has It All To Prove

RumbleOn, Inc. (RMBL) CEO Marshall Chesrown on Q1 2019 Results - Earnings Call Transcript

RumbleON, Inc. (RMBL) May Report Negative Earnings: Know the Trend Ahead of Next Week's Release

RumbleOn, Inc. (RMBL) CEO Marshall Chesrown on Q4 2018 Results - Earnings Call Transcript

News for RumbleON Stock (RMBL)