RideNow Group Q1 revenue beats estimates as adjusted EBITDA rises

RideNow

14/05/2026 21:20

Overview

U.S. powersports retailer's Q1 revenue rose 6.4%, slightly beating analyst expectations

Adjusted EBITDA for Q1 beat consensus, rising to $9.3 mln

Company reduced net loss to $4.3 mln from $9.7 mln, citing execution of initiatives

Outlook

Company did not provide specific guidance for the current qtr or full yr

Result Drivers

SAME STORE SALES GROWTH - Same store powersports revenue rose 13.1%, driven by a 16.3% increase in unit sales

GROSS PROFIT IMPROVEMENT - Powersports gross profit increased 8.3%, outpacing revenue growth

COST DISCIPLINE - SG&A expense grew 1.6% and declined as a percentage of gross profit

Company press release: ID:nPn3BYhQpa

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Revenue
Slight Beat*
$260.40 mln
$258.71 mln (3 Analysts)
Q1 EPS
-$0.11
Q1 Net Income
-$4.30 mln
Q1 Adjusted EBITDA
Beat
$9.30 mln
$7.70 mln (3 Analysts)
Q1 Gross Profit
$71.60 mln


*Applies to a deviation of less than 1%; not applicable for per-share numbers.

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 $7.00, about 11.3% below its May 13 closing price of $7.89

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(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.)