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 (RMBL) operates a transformative e-commerce platform for pre-owned powersports vehicles and automotive logistics solutions. This news hub provides investors and industry observers with essential updates on corporate developments, market positioning, and operational milestones.
Access real-time announcements including earnings reports, strategic partnerships, and industry leadership changes. Our curated collection features official press releases alongside third-party analysis of RumbleOn's dealership network expansion, digital marketplace innovations, and transportation service enhancements.
Key updates cover financial performance indicators, inventory acquisition strategies, and technology initiatives driving the company's dual-segment approach. Stay informed about regulatory developments affecting the pre-owned vehicle market and RumbleOn's responses to evolving industry conditions.
Bookmark this page for streamlined access to verified information about RumbleOn's market activities. Check regularly for updates on vehicle financing innovations, logistics network optimizations, and consumer experience improvements within the powersports ecosystem.
RumbleOn, the first technology-driven omnichannel powersports platform in the U.S., will participate in the B. Riley Securities 22nd Annual Institutional Investor Conference on May 25, 2022. CEO Marshall Chesrown will engage in a fireside chat at 8:10 a.m. PT (10:10 a.m. CT), alongside CFO Narinder Sahai, who will also conduct 1x1 investor meetings. RumbleOn aims to improve the customer experience for outdoor enthusiasts and increase accessibility to powersport vehicles nationwide.
RumbleOn reported a record revenue of $460 million and gross profit of $105 million for Q1 2022, driven by a 31% increase in used retail powersports unit sales. The company’s net income was $9.1 million, down 56% sequentially, while adjusted EBITDA rose 29.2% to $31.4 million. Operating expenses increased to $82.6 million, representing 17.9% of revenue. RumbleOn expects over 50% year-over-year growth in used retail powersports unit sales for 2022. However, new retail powersports sales are projected to be flat due to supply chain constraints.
RumbleOn, Inc. (NASDAQ: RMBL) will release its Q1 2022 operational and financial results on May 10, 2022, before market opening. A conference call is scheduled for 7:30 a.m. CT to discuss these results. RumbleOn positions itself as the nation's first technology-based omnichannel powersports platform, aimed at enhancing the customer experience for outdoor enthusiasts and expanding access to powersport vehicles.
RumbleOn, Inc. (NASDAQ: RMBL) has filed its Annual Report on Form 10-K for the year ended December 31, 2021, addressing a prior compliance issue with Nasdaq. The notice from April 4, 2022, indicated a failure to file the report timely, but the company's recent action is believed to restore compliance with Nasdaq Listing Rule 5250(c)(1). This filing is crucial for maintaining its listing status on the exchange.
RumbleOn reported significant growth in its 4Q results for the year ended December 31, 2021. The company achieved $440.9 million in revenue for the fourth quarter, an increase of 164% in used retail Powersports revenue and 87% growth in used retail unit sales compared to the same quarter last year. Full-year pro forma revenue reached $1,586.1 million, while net income for 4Q was $20.7 million with earnings per share of $1.35. Management emphasizes a strong customer experience strategy and plans to continue enhancing their omnichannel approach.
RumbleOn, Inc. (NASDAQ: RMBL), a leading omnichannel powersports platform, will participate in the Raymond James 43rd Annual Institutional Investors Conference on March 7, 2022. CEO Marshall Chesrown is scheduled for a fireside chat at 4:00 p.m. ET, while CFO Narinder Sahai will join him for one-on-one meetings. The event will be held in Orlando, Florida, and a webcast will be available afterward. RumbleOn aims to enhance the customer experience for outdoor enthusiasts and increase accessibility to powersport vehicles nationwide.
RumbleOn (NASDAQ: RMBL) has completed the acquisition of Freedom Powersports, adding 13 retail locations in Texas, Georgia, and Alabama. This acquisition strengthens RumbleOn's national footprint to over 55 locations and enhances its omnichannel platform. The deal, valued at approximately
RumbleOn, Inc. (NASDAQ: RMBL) will release its fourth quarter and full year 2021 financial results on March 16, 2022, before market opening. A conference call is scheduled for 7:30 a.m. CT to discuss results and provide a business outlook for 2022. Interested parties can access the call by dialing (877) 407-9716 or via webcast on the company's Investor Relations website. RumbleOn, based in the Dallas Metroplex, is a technology-driven omnichannel platform for powersports vehicles.
RumbleOn (NASDAQ: RMBL) has announced a restructured management team to enhance future growth and improve customer experience. Following the departures of
RumbleOn, Inc. (NASDAQ: RMBL) has introduced a new consumer financing facility through its subsidiary, RumbleOn Finance, LLC. This initiative aims to enhance customer experience by providing easier access to financing for powersport vehicle purchases. CEO Marshall Chesrown emphasized that this move not only facilitates online and in-showroom sales but also helps customers pursue their passions with greater financial support.
The financing service represents a strategic effort to drive growth and improve sales across RumbleOn's omnichannel platform.
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