RideNow Group Q4 revenue misses estimates

RideNow

09/03/2026 20:16

Overview

Powersports dealership's Q4 revenue declined 4.7% yr/yr, missing analyst expectations

Adjusted EBITDA for Q4 beat analyst expectations, rising to $9.7 mln

Net loss for Q4 narrowed significantly due to reduced impairment charges

Outlook

Company anticipates sustained growth through its back to roots strategy

Result Drivers

SAME STORE SALES - RideNow reported a 6.3% increase in same store sales revenue, driven by a 7.7% rise in unit sales

GROSS PROFIT INCREASE - Powersports Gross Profit rose 10.1%, with gains in pre-owned vehicle sales and finance & insurance services

TRANSPORTATION EXIT - Co ceased vehicle transportation services, leading to a 94% drop in segment revenue

Company press release: ID:nPn5Lk54Wa

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q4 Revenue
Miss
$256.9 mln
$267.08 mln (3 Analysts)
Q4 Net Income
-$6.4 mln
Q4 Adjusted EBITDA
Beat
$9.7 mln
$7.70 mln (3 Analysts)
Q4 Gross Profit
$70.9 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 $5.00, about 22.8% below its March 6 closing price of $6.48

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.)