Welcome to our dedicated page for Rumbleon news (Ticker: RMBL), a resource for investors and traders seeking the latest updates and insights on Rumbleon stock.
RumbleOn Inc (RMBL) operates a transformative e-commerce platform for pre-owned powersports vehicles and automotive logistics solutions. This news hub provides investors and industry observers with essential updates on corporate developments, market positioning, and operational milestones.
Access real-time announcements including earnings reports, strategic partnerships, and industry leadership changes. Our curated collection features official press releases alongside third-party analysis of RumbleOn's dealership network expansion, digital marketplace innovations, and transportation service enhancements.
Key updates cover financial performance indicators, inventory acquisition strategies, and technology initiatives driving the company's dual-segment approach. Stay informed about regulatory developments affecting the pre-owned vehicle market and RumbleOn's responses to evolving industry conditions.
Bookmark this page for streamlined access to verified information about RumbleOn's market activities. Check regularly for updates on vehicle financing innovations, logistics network optimizations, and consumer experience improvements within the powersports ecosystem.
RumbleOn (NASDAQ: RMBL) reported Q2 2024 financial results, showing a 12% decrease in revenue to $336.8 million compared to Q2 2023. The company narrowed its net loss to $0.7 million from $13.6 million year-over-year. Adjusted EBITDA decreased 19.8% to $16.2 million. Despite industry challenges, RumbleOn achieved positive free cash flow of $28.2 million in the first half of 2024, compared to $(11.6) million in 2023. The company reduced Non-Vehicle Net Debt by $33.8 million and executed its Vision 2026 strategy, expected to yield $30 million in annualized savings. RumbleOn's powersports segment saw a 12.8% decline in total retail unit sales, with new unit sales down 8.5% and pre-owned sales down 21.9%.
RumbleOn (NASDAQ: RMBL) has announced the schedule for its second quarter 2024 earnings release and conference call. The company will release its operational and financial results before the market opens on Wednesday, August 7, 2024. A conference call and webcast are scheduled for the same day at 7:00 a.m. Central Time (8:00 a.m. Eastern Time) to discuss the results.
The call will be hosted by Mike Kennedy, Chief Executive Officer, and Tiffany Kice, Chief Financial Officer. Investors can join the conference call by dialing 1-646-307-1865 (US callers) or 1-800-717-1738 (international callers) with the Conference ID: 16525. A live and archived webcast will also be available on the company's Investor Relations website.
RumbleOn (NASDAQ: RMBL) has appointed Tiffany Kice as the new Chief Financial Officer (CFO), effective June 24, 2024. Kice brings over 25 years of financial leadership experience, particularly in multi-site retail. She joins from Pegasus Logistics Group, where she served as CFO since 2020. Her background includes strategic financial planning, risk management, and leadership in IT, finance, and human resources. CEO Mike Kennedy expressed confidence in Kice's fit for RumbleOn's transformation and growth strategies. Kice is excited to contribute to RumbleOn's evolution and value delivery to customers and shareholders.
RumbleOn, Inc. (NASDAQ: RMBL) reported its first quarter 2024 financial results, showing an 8.3% improvement in Adjusted EBITDA despite an 8.0% decrease in revenue. The company achieved an operating income of $5.2 million, a significant improvement from last year. With new powersports unit retail sales slightly up and pre-owned sales down, RumbleOn faced challenges in the tough macro environment. The CEO, Mike Kennedy, highlighted the company's turnaround efforts with impressive results.
