RideNow Group, Inc. to be Added to the Russell 2000 and Russell 3000 Indexes

RideNow Group (NASDAQ:RDNW) expects to be added to the Russell 2000 and Russell 3000 indexes as part of the 2026 Russell US Index reconstitution, effective after the market close on June 26, 2026.

Rhea-AI Summary

RideNow Group (NASDAQ:RDNW) expects to be added to the Russell 2000 and Russell 3000 indexes as part of the 2026 Russell US Index reconstitution, effective after the market close on June 26, 2026.

Index inclusion is expected to enhance visibility and attract more institutional investors.

Positive

• Expected inclusion in Russell 2000 and Russell 3000 indexes on June 26, 2026
• Automatic inclusion in related growth and value style indexes
• Company expects enhanced visibility within the investment community
• Management believes inclusion will help broaden institutional shareholder base

Negative

• None.

Argus Jun 1 session

+1.30% close to close Open Argus

Details

News Market Reaction – RDNW

On Jun 1, the day this news came out, RDNW closed 1.30% above the previous close.

Data tracked by StockTitan Argus for the Jun 1 session.

Market Context

This announcement adds RideNow to the Russell 2000 and 3000 indexes effective June 26, 2026, a miles...

Analysis

This announcement adds RideNow to the Russell 2000 and 3000 indexes effective June 26, 2026, a milestone mainly focused on liquidity and visibility rather than operations. Recent history shows expanded floorplan capacity, improved Q1 2026 results, and record sales at Daytona Bike Week. At the same time, SEC filings highlight leverage, cash flow and governance considerations, which remain key metrics to watch alongside any index-related shifts in shareholder base.

Key Figures

Index reconstitution date: June 26, 2026

Index reconstitution date

June 26, 2026

Effective after U.S. market close for Russell US indexes

Historical Context

5 past events · Latest: May 18

5 events

1. May 18

   Financing capacity increase

   24h Move

   -5.2%

   Expanded floorplan capacity by $35M, raising total credit near $400M.

2. May 14

   Q1 2026 earnings

   24h Move

   -0.3%

   Higher revenue and gross profit with narrowed net loss and higher EBITDA.

3. May 06

   Earnings date notice

   24h Move

   +0.1%

   Announced timing and access details for Q1 2026 earnings call.

4. Mar 18

   Record sales update

   24h Move

   +4.8%

   Reported record Daytona Bike Week 2026 sales with strong unit growth.

5. Mar 09

   FY 2025 earnings

   24h Move

   -7.3%

   Full-year revenue decline with significant net loss despite EBITDA improvement.

24h Move is the share-price change in the day after each event; other market factors may also have contributed.

Key Terms

Russell 2000 Index, Russell 3000 Index, market capitalization

3 terms

Russell 2000 Index financial

"expects to join the small-cap Russell 2000 Index and the broad-market Russell 3000"

A stock-market benchmark that tracks about 2,000 small-cap U.S. companies, the Russell 2000 gives a snapshot of how smaller publicly traded firms are performing. Investors use it like a thermometer or yardstick for the small-company segment of the market—funds and portfolio managers compare returns to it, and its movements can signal changes in economic risk appetite or growth expectations; it is weighted so larger small companies have a bigger influence on the index.

Russell 3000 Index financial

"expects to join the small-cap Russell 2000 Index and the broad-market Russell 3000"

A broad stock market index that tracks the performance of the roughly 3,000 largest publicly traded U.S. companies by total market value, representing almost the entire U.S. equity market. Investors use it like a big basket or thermometer: it provides a simple snapshot of overall U.S. stock market health, serves as a benchmark for funds and portfolios, and helps measure diversification, risk and returns over time.

market capitalization financial

"The Russell reconstitution ranks eligible U.S. companies by total market capitalization"

Market capitalization is the total market value of a company’s outstanding shares, calculated by multiplying the current share price by the number of shares issued. It gives a quick snapshot of a company’s size and how investors value it, influencing perceived risk, index membership, and roughly how much it might cost to buy the whole company — like using a sticker price to compare the relative size and price of different houses.

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CHANDLER, Ariz., June 1, 2026 /PRNewswire/ -- RideNow Group, Inc. (NASDAQ: RDNW) ("we", "our", the "Company", or "RideNow") today announced that it expects to join the small-cap Russell 2000 Index and the broad-market Russell 3000 Index as part of the 2026 reconstitution of the Russell US Indexes. The reconstituted indexes will take effect after the U.S. equity market close on Friday, June 26, 2026.

For RideNow, membership in the US all-cap Russell 3000 Index guarantees automatic inclusion in the small-cap Russell 2000 Index, as well as the appropriate growth and value style indexes. The Russell reconstitution ranks eligible U.S. companies by total market capitalization to ensure the indexes remain an accurate reflection of the current market.

"We are incredibly proud to join the Russell 2000 and 3000 indexes," said Michael Quartieri, Chairman, CEO, and President. "This inclusion marks an important milestone for us and validates all of our hard work over the last year, as well as reinforces our strategic path forward. This is a testament to our commitment to driving value for our shareholders. We believe this milestone will significantly enhance our visibility within the investment community and help us broaden our institutional shareholder base as we continue our operational improvements."

About RideNow Group, Inc.

RideNow Group, Inc. is a premier powersports dealership group and is believed to be the largest powersports retail group in the United States. The Company offers an extensive selection of new and pre-owned motorcycles, all-terrain vehicles, utility terrain or side-by-side vehicles, personal watercraft, snowmobiles, and other powersports vehicles. RideNow also offers parts, apparel, accessories, and finance and insurance services, including aftermarket products from a wide range of manufacturers. As a leading purchaser of pre-owned inventory, the Company leverages its proprietary RideNow Cash Offer tool to acquire vehicles directly from consumers. Learn more about RideNow at https://www.ridenow.com.

About FTSE Russell, an LSEG Business

FTSE Russell is a global index leader that provides innovative benchmarking, analytics and data solutions for investors worldwide. FTSE Russell calculates thousands of indexes that measure and benchmark markets and asset classes in more than 70 countries, covering 98% of the investable market globally. FTSE Russell index expertise and products are used extensively by institutional and retail investors globally.

Approximately $21.20 trillion is benchmarked to FTSE Russell indexes. Leading asset owners, asset managers, ETF providers and investment banks choose FTSE Russell indexes to benchmark their investment performance and create ETFs, structured products and index-based derivatives.

A core set of universal principles guides FTSE Russell index design and management: a transparent rules-based methodology is informed by independent committees of leading market participants. FTSE Russell is focused on applying the highest industry standards in index design and governance and embraces the IOSCO Principles. FTSE Russell is also focused on index innovation and customer partnerships as it seeks to enhance the breadth, depth and reach of its offering. 

FTSE Russell is wholly owned by LSEG. 

For more information, visit FTSE Russell.

Forward-Looking Statements

This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These forward-looking statements are based on management's current expectations and beliefs and involve significant risks and uncertainties that could cause actual results to differ materially from those expressed or implied by such statements. Forward-looking statements in this release include, but are not limited to, statements regarding the anticipated benefits of the Company's inclusion in the Russell 2000 and Russell 3000 Indexes, including expectations regarding enhanced visibility within the investment community and a broadened institutional shareholder base; the Company's continued operational improvements; and the Company's strategic direction. These statements are not guarantees of future performance and are subject to risks and uncertainties, including, but not limited to: the possibility that the Company's inclusion in the Russell Indexes may not result in increased institutional investment or share price appreciation; changes in market conditions, consumer demand, or competitive dynamics in the powersports industry; the Company's ability to maintain compliance with Nasdaq listing requirements; general economic and capital market conditions; and other risks described in the Company's filings with the Securities and Exchange Commission, including its most recent Annual Report on Form 10-K and subsequent Quarterly Reports on Form 10-Q. The Company undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise, except as required by law.

View original content to download multimedia:https://www.prnewswire.com/news-releases/ridenow-group-inc-to-be-added-to-the-russell-2000-and-russell-3000-indexes-302786758.html

SOURCE RideNow Group Inc.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What did RideNow Group (NASDAQ:RDNW) announce about the Russell 2000 and Russell 3000 indexes?

RideNow Group announced it expects to join the Russell 2000 and Russell 3000 indexes after the June 26, 2026 market close. According to RideNow, this comes with automatic inclusion in related growth and value style indexes.

When will RideNow Group (RDNW) be added to the Russell 2000 and 3000 indexes?

RideNow Group expects its Russell 2000 and 3000 index inclusion to take effect after the U.S. market close on Friday, June 26, 2026. According to RideNow, this timing aligns with the 2026 reconstitution of the Russell US Indexes.

How could Russell index inclusion impact RideNow Group (RDNW) shareholders?

Index inclusion may increase RideNow Group’s visibility and potential demand from index-tracking funds. According to RideNow, joining the Russell 2000 and 3000 could help broaden the company’s institutional shareholder base and support its long-term strategic path.

Why is joining the Russell 2000 and 3000 indexes important for RideNow Group (RDNW)?

RideNow views joining the Russell 2000 and 3000 as a significant corporate milestone. According to RideNow, the event validates its recent progress, reinforces its strategic direction, and is expected to enhance recognition among the broader investment community.

How are companies like RideNow Group (RDNW) selected for the Russell US indexes?

Companies are ranked by total market capitalization to determine Russell US index membership. According to RideNow, eligibility for the all-cap Russell 3000 ensures automatic inclusion in the small-cap Russell 2000 and the appropriate growth and value style indexes.