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RumbleOn, Inc. Class B - RMBL STOCK NEWS

Welcome to our dedicated page for RumbleOn Class B news (Ticker: RMBL), a resource for investors and traders seeking the latest updates and insights on RumbleOn Class B stock.

RumbleOn, Inc. (symbol: RMBL) is a dynamic e-commerce platform specializing in the buying, selling, trading, and financing of pre-owned recreational vehicles. The company serves both consumers and dealers, offering a streamlined and transparent marketplace for motorcycles, cars, trucks, and other powersports vehicles.

Based in the USA, RumbleOn operates through three primary segments: powersports, automotive, and vehicle logistics. The powersports segment, which is the largest revenue driver, focuses on the distribution of motorcycles and other recreational vehicles. The automotive segment handles the distribution of pre-owned cars and trucks. Additionally, the vehicle logistics segment provides nationwide transportation services, ensuring efficient vehicle movement between dealerships and auctions.

Recent Achievements and Projects

  • RumbleOn has launched new features aimed at enhancing user experience by making the buying and selling process more engaging and transparent.
  • The platform has expanded its inventory, offering a wider variety of pre-owned vehicles to meet diverse consumer needs.
  • Ongoing partnerships with major dealerships and auctions have strengthened RumbleOn’s market presence and operational efficiency.

Financial Condition

RumbleOn has demonstrated solid financial performance, with significant revenue contributions from the powersports and automotive segments. The company's focus on operational efficiency and strategic partnerships has positioned it as a trusted leader in the pre-owned vehicle market.

Core Values

RumbleOn is dedicated to providing an efficient, fast, and transparent experience for users. The company's commitment to innovation and customer satisfaction is evident in its continuous platform enhancements and expanding service offerings.

For more updates and latest news on RumbleOn, Inc., stay tuned to our platform where we provide real-time information about the company's performance and new developments.

News

RumbleOn Reports Fourth Quarter and Full Year 2023 Financial Results & Presents Vision 2026 Strategic Plan

Rhea-AI Summary
RumbleOn, Inc. (NASDAQ: RMBL) announced results for Q4 and full year 2023, with a total revenue of $311.1 million for Q4, down 6.2% from the prior year. The company raised $100 million through a rights offering and paid down $50 million of debt in the quarter, showcasing financial stability and strategic planning. Despite revenue declines, the company aims for future growth with the introduction of a 3-year operating plan called Vision 2026, targeting annual revenue over $1.7 billion, annual Adjusted EBITDA exceeding $150 million, and annual Adjusted Free Cash Flow of $90 million or more. The company withdrew its prior guidance for 2024, focusing on executing the Vision 2026 plan to drive per-share value in the coming years.
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RumbleOn Announces Fourth Quarter and Full Year 2023 Earnings Release and Conference Call Schedule

Rhea-AI Summary
RumbleOn, Inc. (RMBL) is set to release its fourth quarter and full year 2023 operational and financial results on March 14, 2024. The company operates through RideNow Powersports and Wholesale Express segments. A conference call and webcast will be held to discuss the results.
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RumbleOn Appoints Brandy Treadway as Senior Vice President and Chief Legal Officer

Rhea-AI Summary
RumbleOn appoints Brandy Treadway as Senior Vice President and Chief Legal Officer, bringing over two decades of legal expertise to lead legal and human resources functions. Treadway's background includes executive roles at J.C. Penney and Martin Powers & Counsel, PLLC. She holds a Juris Doctor from SMU Dedman School of Law and two BA degrees from the University of Virginia.
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News

RumbleOn Announces Final Results of Rights Offering

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RumbleOn, Inc. (NASDAQ: RMBL) announced the final results of its $100.0 million rights offering, with approximately 81.1% of the shares offered subscribed at an exercise price of $5.50 per share.
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RumbleOn Announces Extension of $100 Million Rights Offering Subscription Period

Rhea-AI Summary
RumbleOn, Inc. (RMBL) extends Rights Offering subscription period for Eligible Stockholders, allowing them to purchase 1.078444 shares of Class B Common Stock at $5.50 per share until December 5, 2023. The Rights Offering is fully backstopped, and the Registration Statement has been filed with the SEC.
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RumbleOn Announces Subscription Price for its $100.0 Million Rights Offering

Rhea-AI Summary
RumbleOn, Inc. (NASDAQ: RMBL) has announced a subscription price of $5.50 per share for its $100.0 million rights offering, with non-transferable subscription rights to be distributed to eligible stockholders. The company expects to distribute one subscription right for each share of Class A and Class B common stock held by eligible stockholders, with a subscription period set to commence on a future date.
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RumbleOn Reports Third Quarter 2023 Financial Results

Rhea-AI Summary
RumbleOn, Inc. announced operational and financial results for the third quarter of 2023. They reported a total unit sales decrease of 13.3% and a total revenue decrease of 11.7%. They also paid down $47 million of term debt and reaffirmed their 2023 outlook.
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RumbleOn Announces Record Date for Proposed $100.0 Million Rights Offering

Rhea-AI Summary
RumbleOn, Inc. has announced a proposed $100.0 million equity rights offering. The record date for the offering is November 13, 2023. Eligible stockholders will receive non-transferable subscription rights. The subscription period is expected to begin on or after the record date.
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RumbleOn Announces Third Quarter 2023 Earnings Release and Conference Call Schedule

Rhea-AI Summary
RumbleOn, Inc. (NASDAQ: RMBL) will release its Q3 2023 operational and financial results on November 7, 2023. A conference call and webcast will be held at 7:00 am CT (8:00 am ET) on the same day to discuss the results.
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Moatable Announced Appointment of Director and Interim Chief Financial Officer

Rhea-AI Summary
Moatable, Inc. announces the resignation of Mr. Lin Cong from the Board of Directors and the appointment of Ms. Rebecca Polak as director and Mr. Michael Schifsky as interim Chief Financial Officer.
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FAQ

What is the current stock price of RumbleOn Class B (RMBL)?

The current stock price of RumbleOn Class B (RMBL) is $6.33 as of November 22, 2024.

What is the market cap of RumbleOn Class B (RMBL)?

The market cap of RumbleOn Class B (RMBL) is approximately 223.9M.

What does RumbleOn, Inc. specialize in?

RumbleOn specializes in buying, selling, trading, and financing pre-owned recreational vehicles.

Which segments does RumbleOn operate in?

RumbleOn operates in powersports, automotive, and vehicle logistics segments.

What is the primary revenue driver for RumbleOn?

The powersports segment, focusing on motorcycles and other recreational vehicles, is the primary revenue driver.

What kind of vehicles can I find on RumbleOn's platform?

You can find pre-owned motorcycles, cars, trucks, and other powersports vehicles on RumbleOn's platform.

How does RumbleOn ensure transparency in transactions?

RumbleOn features a streamlined and transparent buying and selling process, enhanced by recent platform updates.

Does RumbleOn offer nationwide transportation services?

Yes, RumbleOn provides nationwide vehicle logistics and transportation services between dealerships and auctions.

What recent achievements has RumbleOn accomplished?

RumbleOn has launched new platform features, expanded its inventory, and strengthened partnerships with major dealerships and auctions.

How is RumbleOn's financial performance?

RumbleOn has shown solid financial performance with significant revenue contributions from its powersports and automotive segments.

What core values does RumbleOn emphasize?

RumbleOn emphasizes providing an efficient, fast, and transparent experience for users while focusing on innovation and customer satisfaction.

Where can I find the latest news about RumbleOn?

You can find the latest news and updates about RumbleOn on our platform, which offers real-time information on the company's developments.

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RumbleOn, Inc. Class B

Nasdaq:RMBL

RMBL Rankings

#3775 Ranked by Market Cap
N/A Ranked by Dividends

RMBL Stock Data

223.90M
21.97M
41.55%
46.16%
2.87%
Auto & Truck Dealerships
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United States of America
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