Welcome to our dedicated page for RumbleOn Class B news (Ticker: $RMBL), a resource for investors and traders seeking the latest updates and insights on RumbleOn Class B stock.
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RumbleOn, Inc. (NASDAQ: RMBL) reported its first quarter 2024 financial results, showing an 8.3% improvement in Adjusted EBITDA despite an 8.0% decrease in revenue. The company achieved an operating income of $5.2 million, a significant improvement from last year. With new powersports unit retail sales slightly up and pre-owned sales down, RumbleOn faced challenges in the tough macro environment. The CEO, Mike Kennedy, highlighted the company's turnaround efforts with impressive results.