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.
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RumbleOn, Inc. (NASDAQ: RMBL) announced it will release its Q1 2023 operational and financial results before the market opens on May 10, 2023. The company will hold a conference call and webcast at 7:30 a.m. Central Time to discuss these results.
RumbleOn, recognized as the nation's first technology-based omnichannel powersports platform, aims to enhance customer experience by integrating physical and digital environments. The announcement includes call-in details for stakeholders and a link for accessing a live or archived webcast from their Investor Relations website.
RumbleOn, Inc. (NASDAQ: RMBL) has announced that shareholders need not take any action regarding a preliminary proxy statement filed by former directors William Coulter and Mark Tkach. The Board of Directors emphasizes its commitment to enhancing shareholder value and consists of six experienced directors, four of whom are independent. The Board's Nominating and Corporate Governance Committee is reviewing candidates for two Class 2 seats up for election. A formal recommendation will be included in a proxy statement to be filed with the SEC for the upcoming 2023 Annual Meeting.
On April 5, 2023, William Coulter and Mark Tkach, holders of approximately 32.2% of RumbleOn's Class B shares, announced their intent to propose four qualified candidates for the Board of Directors at the 2023 Annual Meeting. Despite their prior executive roles, they felt their influence was marginalized, prompting their resignation in February 2022. RumbleOn faced an 82.3% decline in share price over the year leading to concerns regarding its cost structure and inventory management. They criticized the company for inadequate responses to operational issues and proposed changes to improve stockholder value through board refreshment.
RumbleOn, Inc. (NASDAQ: RMBL) reported record full-year and Q4 Powersports unit sales, totaling 81,037 units across segments, leading to $1.8 billion in revenue. The Powersports segment generated $1.4 billion, representing 78% of total revenue, with a gross profit of $429.9 million. Despite the strong sales, the company faced a net loss of $(261.5) million, largely due to a $350.3 million non-cash impairment charge. Adjusted net income was $37.3 million, with adjusted EBITDA at $120.1 million. RumbleOn has also executed over $15 million in SG&A cost reductions and formed a strategic partnership with Camping World (NYSE: CWH). The company maintains strong liquidity with $196.1 million available.
RumbleOn, Inc. (NASDAQ: RMBL) acknowledged a press release from former directors William Coulter and Mark Tkach, who intend to nominate five candidates for three board seats at the upcoming 2023 Annual Meeting of Shareholders. The company confirmed its commitment to appropriate processes regarding these nominations and other governance proposals. Shareholders are not required to take any action at this time. The Board emphasizes its dedication to shareholder communication and long-term value creation.
William Coulter and Mark Tkach, who own approximately 32.5% of Class B shares of RumbleOn (RMBL), have nominated five candidates for three board seats in an open letter to stockholders. Since their resignation in February 2022, RMBL shares have declined by 80.4%, prompting concerns over governance and poor shareholder returns. They criticized the existing board for ignoring their requests for clearer operational guidance and transparency around inventory management, leading to deteriorating financial performance. In pursuit of change, they advocate for a board refresh and separation of the Chairman and CEO roles at the upcoming annual meeting.