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.
RumbleOn, Inc. (NASDAQ: RMBL) generates news primarily through its activities as a large U.S. powersports retailer and vehicle transportation services provider. Company press releases and earnings announcements highlight developments in its two operating segments: the RideNow-branded powersports dealership group and Wholesale Express, LLC, an asset-light transportation brokerage focused on the automotive industry.
News coverage for RMBL commonly includes quarterly and annual financial results, where the company reports revenue, gross profit, segment performance, cash flow and non-GAAP metrics such as Adjusted EBITDA. These releases also break down unit sales of new and pre-owned powersports vehicles, parts, service and accessories revenue, finance and insurance income, and vehicle transportation services activity.
RumbleOn’s disclosures frequently feature strategic and capital structure updates, such as amendments to its term loan credit agreement, changes in floor plan financing, and equity capital raises like its fully backstopped registered rights offering for Class B common stock. Investors following RMBL news can also see details on subordinated loans, warrant amendments and other financing arrangements described in the company’s Form 8-K filings and related press releases.
Corporate governance and leadership changes are another recurring theme. The company has announced appointments of new executives, promotions within its operations team, and additions to its Board of Directors, along with committee assignments. These updates often accompany commentary on operational priorities in the powersports segment and efforts to improve profitability and cash flow.
In August 2025, RumbleOn announced that it would rebrand as RideNow Group, Inc. and change its Nasdaq ticker symbol to RDNW, effective August 13, 2025. Related news explained that the rebranding aligns the corporate identity with the RideNow brand used in its dealership operations and that the company’s headquarters would relocate from Irving, Texas to Chandler, Arizona. For ongoing developments, investors can review RMBL’s historical news and then follow subsequent releases under the RDNW symbol.
RumbleOn, Inc. (NASDAQ:RMBL) announced the filing of a definitive proxy statement for a special meeting of shareholders on July 30, 2021, at 8:00 a.m. CT. The meeting aims to vote on matters regarding its proposed business combination with RideNow. Only shareholders of RumbleOn Class A and B common stock as of June 21, 2021 are eligible to participate. The comprehensive proxy statement is available on the SEC's website and the company's investor section, detailing risk factors and the significance of the transaction.
RumbleOn (NASDAQ: RMBL) has appointed Michael Francis as General Counsel, a significant addition given his longstanding relationship with the company and experience in corporate law. Francis has worked closely with RumbleOn's leadership and was previously the outside counsel since its inception. His extensive legal background includes IPOs and corporate transactions, which will aid RumbleOn in executing its business combination with RideNow, aiming to enhance the omnichannel customer experience in powersports. This strategic move supports the company's goals for growth and consolidation in the industry.
RumbleOn, Inc. (NASDAQ: RMBL) provided an update on its pending business combination with RideNow, aiming to create the first omnichannel powersport platform in the U.S. The company filed preliminary proxy materials with the SEC and expects the transaction to close in Q3 2021. RumbleOn reiterated its Q2 revenue guidance of $140 to $150 million, projecting a year-over-year growth of 66%-78%. For the full year 2021, combined revenues are expected between $1.45 billion and $1.55 billion, with Adjusted EBITDA of $110 million to $115 million.
RumbleOn, Inc. (NASDAQ: RMBL) announced the appointment of Peter Levy to its Board of Directors, effective June 17, 2021. Levy, who has been the Chief Operating Officer since 2017, brings over 25 years of experience in technology companies. He has contributed significantly to RumbleOn by fostering relationships with dealers and leading various initiatives, including the Dealer Direct platform. CEO Marshall Chesrown expressed confidence in Levy's leadership as the company aims for growth in the omnichannel powersports market.
RumbleOn, Inc. (NASDAQ: RMBL) announces Beverly Rath as Interim CFO following the death of co-founder Steven Berrard on June 7, 2021. Rath has been instrumental in the finance team since inception and boasts over 35 years of experience. The company also promoted Carlos Ramirez to Assistant Controller. CEO Marshall Chesrown expressed confidence in Rath's leadership and the pending acquisition of RideNow, emphasizing a commitment to RumbleOn's strategic growth. The company continues to focus on becoming the first omnichannel powersports platform in North America.
RumbleOn, Inc. (NASDAQ: RMBL) announces the tragic passing of CFO Steven Berrard on Monday evening. Chairman and CEO Marshall Chesrown expressed profound sorrow and extended condolences to Berrard's family. Berrard was a pivotal figure at RumbleOn, recognized for his extensive experience and dedication, including his vision for the company’s merger with RideNow. Company leadership gathered in Charlotte to support Berrard's family. RumbleOn, founded in 2017, is innovating the pre-owned vehicle market through e-commerce solutions.
RumbleOn (NASDAQ: RMBL) has announced a three-year sponsorship extension for the Sturgis Motorcycle Rally, enhancing its presence in the powersport community. This partnership allows RumbleOn to engage directly with consumers, providing opportunities to buy, sell, or trade vehicles onsite. CEO Marshall Chesrown emphasized the company's commitment to making powersport ownership accessible. The event will feature brand interactions and entertainment, reinforcing RumbleOn's omnichannel experience in North America's powersports market.
RumbleOn, Inc. (NASDAQ: RMBL) reported impressive financial results for Q1 2021, showing a 48.1% increase in total revenue to $104.3 million compared to Q4 2020. Total vehicle sales rose 32.2% to 3,500 units, with automotive sales up 39.6%. Despite an operating loss of $(2.8) million, this was an improvement from the previous quarter. The company expects Q2 revenue between $140 million and $150 million, projecting significant year-over-year growth. The anticipated merger with RideNow is expected to strengthen RumbleOn's market presence.
RumbleOn (NASDAQ: RMBL) will announce its first quarter 2021 financial results on May 17, 2021, before market open. The company specializes in e-commerce solutions for pre-owned vehicles, providing technological tools to enhance dealers' operations and consumer experiences. A conference call is scheduled for 8:30 a.m. ET on the same day to discuss the results. RumbleOn's innovative platform allows seamless transactions for buying, selling, trading, and financing vehicles online.
RumbleOn, Inc. (NASDAQ: RMBL) has successfully closed an underwritten public offering of 1,048,998 shares of its Class B Common Stock at $38.00 per share, generating gross proceeds of approximately $39.86 million, excluding discounts and commissions. The offering includes a 30-day option for underwriters to purchase an additional 157,349 shares. The net proceeds will be allocated for working capital and general corporate purposes. B. Riley Securities managed the offering, with legal counsel provided by Akerman LLP and Nelson Mullins Riley & Scarborough LLP.