RideNow Group Q2 revenue misses on store consolidation

RideNow

11/08/2026 21:24

Overview
U.S. powersports dealership's Q2 revenue fell 1% yr/yr, missing analyst expectations
Adjusted EBITDA for Q2 rose 19% yr/yr but missed analyst estimates
Net income improved to $6.5 mln from a net loss last year

Outlook
Company did not provide specific guidance for the current quarter or full year

Result Drivers
STORE CONSOLIDATION & SERVICE EXIT - Co said revenue fell mainly due to store consolidation and ending transportation services at end-2025
SAME STORE SALES GROWTH - Same store powersports revenue rose 3.0%, driven by a 1.7% increase in unit sales
LOWER SG&A EXPENSES - SG&A expenses declined 2.5% yr/yr, supporting improved profitability

Company press release: ID:nPn1txh91a

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q2 Revenue
Miss
$296.80 mln
$319.74 mln (3 Analysts)
Q2 Net Income
 
$6.50 mln
 
Q2 Adjusted EBITDA
Miss
$20.50 mln
$21.22 mln (3 Analysts)
Q2 Gross Profit
 
$84.80 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 $9.00, about 40% above its August 10 closing price of $6.43

Reuters Recommended Reads
Aug 10 - Outdoor Holding Company Q1 revenue rises on legislation-driven demand
Aug 10 - Blackstone-owned Safe Harbor nears $1.5 billion deal to buy MarineMax, sources say
Aug 10 - China's NIU Technologies Q2 revenue rises on higher e-scooter sales volume

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.)