RumbleOn Q2 revenue falls 11% but beats expectations

RideNow

11/08/2025 21:16

Overview

RumbleOn Q2 2025 revenue falls 11% yr/yr, but beats analyst expectations

Adjusted EBITDA for Q2 rises, beating analyst forecasts

Company rebrands to RideNow Group, Inc., ticker symbol changes to RDNW

Outlook

Company focuses on 'back to roots' strategy for future growth

Result Drivers

POWERSPORTS DECLINE - Revenue fell due to a 590 unit decline in powersports sales

TRANSPORTATION SERVICES DROP - Vehicle transportation services revenue decreased by $13.9 mln

IMPAIRMENT CHARGE - Net loss included a $34 mln impairment charge related to franchise rights

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q2 Revenue
Beat
$299.90 mln
$280.70 mln (3 Analysts)
Q2 Net Income
-$32.20 mln
Q2 Adjusted EBITDA
Beat
$17.20 mln
$13.70 mln (3 Analysts)
Q2 Gross Profit
$83.90 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 RumbleOn Inc is $3.00, about 33.3% above its August 8 closing price of $2.00

Press Release: ID:nPn2SPYmva

(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.)