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RumbleOn, Inc. - $RMBL STOCK NEWS

Welcome to our dedicated page for RumbleOn news (Ticker: $RMBL), a resource for investors and traders seeking the latest updates and insights on RumbleOn stock.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect RumbleOn's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of RumbleOn's position in the market.

Rhea-AI Summary

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.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
11.45%
Tags
-
Rhea-AI Summary
RumbleOn, Inc. (NASDAQ: RMBL) announces the release of its first quarter 2024 operational and financial results on May 8, 2024. A conference call with CEO Mike Kennedy and CFO Blake Lawson will be held to discuss the results.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.99%
Tags
-
Rhea-AI Summary
RumbleOn (RMBL) unveils Vision 2026, aiming for annual revenue over $1.7 billion by 2026. The plan targets annual adjusted EBITDA exceeding $150 million and free cash flow of $90 million. Strategic pillars include best-performing dealerships, leveraging RideNow Cash Offer Tool, and maximizing per share value.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-29.58%
Tags
none
Rhea-AI Summary
RumbleOn, Inc. (NASDAQ: RMBL) announced results for Q4 and full year 2023, with a total revenue of $311.1 million for Q4, down 6.2% from the prior year. The company raised $100 million through a rights offering and paid down $50 million of debt in the quarter, showcasing financial stability and strategic planning. Despite revenue declines, the company aims for future growth with the introduction of a 3-year operating plan called Vision 2026, targeting annual revenue over $1.7 billion, annual Adjusted EBITDA exceeding $150 million, and annual Adjusted Free Cash Flow of $90 million or more. The company withdrew its prior guidance for 2024, focusing on executing the Vision 2026 plan to drive per-share value in the coming years.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-29.58%
Tags
-
Rhea-AI Summary
RumbleOn, Inc. (RMBL) is set to release its fourth quarter and full year 2023 operational and financial results on March 14, 2024. The company operates through RideNow Powersports and Wholesale Express segments. A conference call and webcast will be held to discuss the results.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
3.69%
Tags
-
Rhea-AI Summary
RumbleOn appoints Brandy Treadway as Senior Vice President and Chief Legal Officer, bringing over two decades of legal expertise to lead legal and human resources functions. Treadway's background includes executive roles at J.C. Penney and Martin Powers & Counsel, PLLC. She holds a Juris Doctor from SMU Dedman School of Law and two BA degrees from the University of Virginia.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.42%
Tags
management
Rhea-AI Summary
RumbleOn, Inc. (NASDAQ: RMBL) announced the final results of its $100.0 million rights offering, with approximately 81.1% of the shares offered subscribed at an exercise price of $5.50 per share.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-5.08%
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none
-
Rhea-AI Summary
RumbleOn, Inc. (RMBL) extends Rights Offering subscription period for Eligible Stockholders, allowing them to purchase 1.078444 shares of Class B Common Stock at $5.50 per share until December 5, 2023. The Rights Offering is fully backstopped, and the Registration Statement has been filed with the SEC.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-2.74%
Tags
none
-
Rhea-AI Summary
RumbleOn, Inc. (NASDAQ: RMBL) has announced a subscription price of $5.50 per share for its $100.0 million rights offering, with non-transferable subscription rights to be distributed to eligible stockholders. The company expects to distribute one subscription right for each share of Class A and Class B common stock held by eligible stockholders, with a subscription period set to commence on a future date.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-5.29%
Tags
none
Rhea-AI Summary
RumbleOn, Inc. announced operational and financial results for the third quarter of 2023. They reported a total unit sales decrease of 13.3% and a total revenue decrease of 11.7%. They also paid down $47 million of term debt and reaffirmed their 2023 outlook.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-3.27%
Tags
RumbleOn, Inc.

Nasdaq:RMBL

RMBL Rankings

RMBL Stock Data

196.74M
9.63M
38.96%
45.63%
2.65%
Custom Computer Programming Services
Professional, Scientific, and Technical Services
Link
United States of America
IRVING

About RMBL

rumbleon is a disruptive e-commerce platform that facilitates the ability for both consumers and dealers to buy-sell-trade-finance all pre-owned recreation vehicles. our goal is to have the platform recognized as the most trusted and effective solution for the sale, acquisition, and distribution of recreation vehicles and provide users an efficient, fast, transparent and engaging experience.