Rumbleon Inc Stock Price, News & Analysis

RumbleOn, Inc. (NASDAQ: RMBL) is set to announce its fourth quarter and full year 2022 operational and financial results on March 16, 2023, before market opening. A conference call will occur at 7:30 a.m. Central Time (8:30 a.m. Eastern Time) to discuss these results. RumbleOn, headquartered in the Dallas Metroplex, is recognized as the first technology-based omnichannel powersports platform in the U.S., aiming to enhance customer experience by integrating physical and digital assets seamlessly.

RumbleOn, Inc. has announced the promotion of Blake Lawson to Chief Financial Officer, effective January 19, 2023. Lawson brings over 20 years of experience in financial leadership within the powersports industry, having previously served as CFO for RideNow and American Powersports. He will lead RumbleOn's financial strategy, accounting, tax, treasury, and financial operations, contributing to the company's long-term growth and profitability. His appointment is expected to strengthen RumbleOn's management team, enhancing its focus on higher margin segments. Lawson replaces Narinder Sahai, who will transition to a special advisor role.

RumbleOn, Inc. (NASDAQ: RMBL) announced participation in a fireside chat at the 25th ICR Conference on January 9, 2023, at 11:30 a.m. ET. Company officials, including Chairman & CEO Marshall Chesrown and CFO Narinder Sahai, will discuss the innovative omnichannel powersports platform. The event will be webcast live via the Company’s Investor Relations website.

RumbleOn aims to enhance the customer experience by integrating digital and physical platforms in the powersports industry.

RumbleOn, the first technology-based omnichannel powersports platform, announces its participation in the Wolfe Research Consumer Growth Conference on December 6, 2022. The company will host a virtual fireside chat featuring CEO Marshall Chesrown and CFO Narinder Sahai at 9:35 a.m. Eastern Time. The event will be part of the Powersports Panel and accessible via RSVP to Wolfe Research. An archived audio and transcript will be available on RumbleOn's Investor Relations website.

RumbleOn reports Q3 2022 revenue of $470.3 million, with a gross profit of $116.3 million.

The Powersports Segment generated $385.4 million, while the Automotive Segment saw a revenue decline to $70.0 million.

Net income stood at $3.0 million or $0.19 per diluted share. Adjusted EBITDA was $25.7 million.

Full-year revenue outlook revised to $1.85 to $1.90 billion, primarily due to expected growth in Powersports.

RumbleOn, Inc. (NASDAQ: RMBL) has secured a $75 million credit facility from J.P. Morgan to finance used powersports inventory. This financing aims to enhance customer experience by providing a wider selection of vehicles. CFO Narinder Sahai emphasized the importance of access to quality inventory for growth, especially amidst tightening credit markets. J.P. Morgan's support is deemed a validation of RumbleOn's business model.

RumbleOn, Inc. (NASDAQ: RMBL) announced that it will release its third quarter 2022 financial and operational results on November 9, 2022, before market open. A conference call will be held on the same day at 7:30 a.m. Central Time to discuss the results with investors. RumbleOn, recognized as the first technology-based omnichannel powersports platform in the U.S., integrates digital and physical experiences to enhance customer interaction in the powersports industry.

RumbleOn generated record revenue of $546.1 million in Q2 2022, marking over half a billion in a quarter for the first time. Gross profit reached $138.0 million, a 31% sequential increase. The diluted EPS was reported at $0.87, with adjusted EPS at $1.20. Total unit sales rose to 23,330, a 20.4% increase, fueled by a 23.6% rise in powersports unit sales. The company reaffirmed its 2022 revenue guidance between $1.9 billion and $2.0 billion, along with adjusted EBITDA expectations of at least $145 million.

RumbleOn, Inc. (NASDAQ: RMBL) will release its second quarter 2022 operational and financial results on August 9, 2022, before the market opens. A conference call is scheduled for 7:30 a.m. Central Time to discuss the results. Investors can join the call by dialing 1-855-327-6837 in the U.S. or 1-631-891-4304 internationally, using Conference ID: 10019789. The event will also be available via a live and archived webcast on RumbleOn’s Investor Relations website.