Powersports firm RideNow's Q3 revenue beats estimates

RideNow

04/11/2025 21:53

Overview

RideNow Q3 revenue beats analyst expectations despite a 4.7% yr/yr decline

Adjusted EBITDA for Q3 beats consensus, increasing 80.9% yr/yr

Net loss improved 63.4% to $4.1 mln, driven by powersports segment growth

Outlook

RideNow Group focuses on powersports segment for future growth

Company aims to leverage 'back to our roots' strategy for improvement

RideNow Group does not provide specific financial guidance for future periods

Result Drivers

POWERSports SALES - Higher unit sales in powersports segment led to increased revenue and gross profit

SG&A REDUCTION - Reduced SG&A expenses by 2.3%, contributing to improved net loss

STRATEGY IMPACT - 'Back to our roots' strategy credited for driving improved results, per CEO Michael Quartieri

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q3 Revenue
Beat
$281 mln
$270.24 mln (3 Analysts)
Q3 Net Income
-$4.10 mln
Q3 Adjusted EBITDA
Beat
$12.30 mln
$9.06 mln (3 Analysts)
Q3 Gross Profit
$76 mln


Analyst Coverage

The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 1 "strong buy" or "buy", 2 "hold" and no "sell" or "strong sell"

The average consensus recommendation for the auto vehicles, parts & service retailers peer group is "buy."

Wall Street's median 12-month price target for RideNow Group Inc is $3.00, about 9.3% below its November 3 closing price of $3.28

Press Release: ID:nPnbV93lga

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)