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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 Announces Record Date for Proposed $100.0 Million Rights Offering

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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

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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

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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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RumbleOn Appoints Michael Kennedy as Chief Executive Officer

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RumbleOn appoints Michael Kennedy as Chief Executive Officer
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RumbleOn Reports Second Quarter 2023 Financial Results

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RumbleOn, Inc. (NASDAQ: RMBL) announced its operational and financial results for Q2 2023. Total unit sales were 20,277, with 13,126 new units and 7,151 used units. Total revenue was $382.7 million, up 14.5% sequentially. The company reported a net loss from continuing operations of $(12.8) million. Adjusted EBITDA was $23.6 million. RumbleOn also reached agreements with its primary creditor and signed letters of intent for a sale leaseback of its real estate portfolio and to sell its finance company credit portfolio.
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RumbleOn Announces Planned $100 Million Fully Backstopped Rights Offering

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RumbleOn Announces Second Quarter 2023 Earnings Release and Conference Call Schedule

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RumbleOn Announces Appointment of Interim CEO and Resolution of Proxy Contest

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RumbleOn Files Preliminary Proxy Statement as Board Continues to Seek Agreement with Dissident Stockholders to Avert a Costly Proxy Contest

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RumbleOn, Inc. has filed its preliminary proxy statement with the SEC in connection with its 2023 Annual Meeting of Stockholders. The filing details the company's efforts to refresh its Board of Directors, enhance corporate governance, and reach an agreement with two dissident stockholders. Key governance changes include separating the Chairman and CEO roles, appointing a new independent Chairman, and adding a new independent director. Stockholders are encouraged to read the proxy statement for more information.
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RumbleOn's Largest Stockholders Criticize Several Entrenched Directors

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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 $5.65 as of December 24, 2024.

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

The market cap of RumbleOn Class B (RMBL) is approximately 211.4M.

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

#3829 Ranked by Market Cap
N/A Ranked by Dividends

RMBL Stock Data

211.39M
22.00M
37.82%
46.16%
3.15%
Auto & Truck Dealerships
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United States of America
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