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RumbleOn, Inc. Class B - RMBL STOCK NEWS

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.

RumbleOn, Inc. (symbol: RMBL) is a dynamic e-commerce platform specializing in the buying, selling, trading, and financing of pre-owned recreational vehicles. The company serves both consumers and dealers, offering a streamlined and transparent marketplace for motorcycles, cars, trucks, and other powersports vehicles.

Based in the USA, RumbleOn operates through three primary segments: powersports, automotive, and vehicle logistics. The powersports segment, which is the largest revenue driver, focuses on the distribution of motorcycles and other recreational vehicles. The automotive segment handles the distribution of pre-owned cars and trucks. Additionally, the vehicle logistics segment provides nationwide transportation services, ensuring efficient vehicle movement between dealerships and auctions.

Recent Achievements and Projects

  • RumbleOn has launched new features aimed at enhancing user experience by making the buying and selling process more engaging and transparent.
  • The platform has expanded its inventory, offering a wider variety of pre-owned vehicles to meet diverse consumer needs.
  • Ongoing partnerships with major dealerships and auctions have strengthened RumbleOn’s market presence and operational efficiency.

Financial Condition

RumbleOn has demonstrated solid financial performance, with significant revenue contributions from the powersports and automotive segments. The company's focus on operational efficiency and strategic partnerships has positioned it as a trusted leader in the pre-owned vehicle market.

Core Values

RumbleOn is dedicated to providing an efficient, fast, and transparent experience for users. The company's commitment to innovation and customer satisfaction is evident in its continuous platform enhancements and expanding service offerings.

For more updates and latest news on RumbleOn, Inc., stay tuned to our platform where we provide real-time information about the company's performance and new developments.

News

RumbleOn Announces Extension of $100 Million Rights Offering Subscription Period

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.
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RumbleOn Announces Subscription Price for its $100.0 Million Rights Offering

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.
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RumbleOn Reports Third Quarter 2023 Financial Results

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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.
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RumbleOn Announces Record Date for Proposed $100.0 Million Rights Offering

Rhea-AI Summary
RumbleOn, Inc. has announced a proposed $100.0 million equity rights offering. The record date for the offering is November 13, 2023. Eligible stockholders will receive non-transferable subscription rights. The subscription period is expected to begin on or after the record date.
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RumbleOn Announces Third Quarter 2023 Earnings Release and Conference Call Schedule

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RumbleOn, Inc. (NASDAQ: RMBL) will release its Q3 2023 operational and financial results on November 7, 2023. A conference call and webcast will be held at 7:00 am CT (8:00 am ET) on the same day to discuss the results.
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Moatable Announced Appointment of Director and Interim Chief Financial Officer

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Moatable, Inc. announces the resignation of Mr. Lin Cong from the Board of Directors and the appointment of Ms. Rebecca Polak as director and Mr. Michael Schifsky as interim Chief Financial Officer.
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RumbleOn Appoints Michael Kennedy as Chief Executive Officer

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RumbleOn appoints Michael Kennedy as Chief Executive Officer
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RumbleOn Reports Second Quarter 2023 Financial Results

Rhea-AI Summary
RumbleOn, Inc. (NASDAQ: RMBL) announced its operational and financial results for Q2 2023. Total unit sales were 20,277, with 13,126 new units and 7,151 used units. Total revenue was $382.7 million, up 14.5% sequentially. The company reported a net loss from continuing operations of $(12.8) million. Adjusted EBITDA was $23.6 million. RumbleOn also reached agreements with its primary creditor and signed letters of intent for a sale leaseback of its real estate portfolio and to sell its finance company credit portfolio.
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RumbleOn Announces Planned $100 Million Fully Backstopped Rights Offering

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RumbleOn Announces Second Quarter 2023 Earnings Release and Conference Call Schedule

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FAQ

What is the current stock price of RumbleOn Class B (RMBL)?

The current stock price of RumbleOn Class B (RMBL) is $5.18 as of October 14, 2024.

What is the market cap of RumbleOn Class B (RMBL)?

The market cap of RumbleOn Class B (RMBL) is approximately 183.0M.

What does RumbleOn, Inc. specialize in?

RumbleOn specializes in buying, selling, trading, and financing pre-owned recreational vehicles.

Which segments does RumbleOn operate in?

RumbleOn operates in powersports, automotive, and vehicle logistics segments.

What is the primary revenue driver for RumbleOn?

The powersports segment, focusing on motorcycles and other recreational vehicles, is the primary revenue driver.

What kind of vehicles can I find on RumbleOn's platform?

You can find pre-owned motorcycles, cars, trucks, and other powersports vehicles on RumbleOn's platform.

How does RumbleOn ensure transparency in transactions?

RumbleOn features a streamlined and transparent buying and selling process, enhanced by recent platform updates.

Does RumbleOn offer nationwide transportation services?

Yes, RumbleOn provides nationwide vehicle logistics and transportation services between dealerships and auctions.

What recent achievements has RumbleOn accomplished?

RumbleOn has launched new platform features, expanded its inventory, and strengthened partnerships with major dealerships and auctions.

How is RumbleOn's financial performance?

RumbleOn has shown solid financial performance with significant revenue contributions from its powersports and automotive segments.

What core values does RumbleOn emphasize?

RumbleOn emphasizes providing an efficient, fast, and transparent experience for users while focusing on innovation and customer satisfaction.

Where can I find the latest news about RumbleOn?

You can find the latest news and updates about RumbleOn on our platform, which offers real-time information on the company's developments.

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RumbleOn, Inc. Class B

Nasdaq:RMBL

RMBL Rankings

#3920 Ranked by Market Cap
N/A Ranked by Dividends

RMBL Stock Data

183.03M
35.29M
41.61%
45.98%
4.31%
Auto & Truck Dealerships
Services-computer Programming Services
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United States of America
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