RumbleOn rises after surprise Q1 profit

RideNow

10/05/2023 16:19

** Shares of online vehicle marketplace RumbleOn Inc
 RMBL.O  up 17.7% at $8.75
    ** Company reports Q1 adj. EPS of 5 cents vs analysts' est.
of 37 cents/shr loss - Refinitiv
    ** Posts Q1 revenue of $346.3 mln vs analysts' est. of
$334.5 mln
    ** Company reiterates FY23 outlook
    ** Also announces corporate governance changes, separating
the roles of board chair and CEO
    ** Elects independent director Kevin Westfall to serve as
chair of the board, effective immediately
    ** RMBL up about 36.7% YTD

 (Reporting by Vaibhav Sadhamta in Bengaluru)