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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.
RumbleOn (NASDAQ: RMBL) has announced a restructured management team to enhance future growth and improve customer experience. Following the departures of
RumbleOn, Inc. (NASDAQ: RMBL) has introduced a new consumer financing facility through its subsidiary, RumbleOn Finance, LLC. This initiative aims to enhance customer experience by providing easier access to financing for powersport vehicle purchases. CEO Marshall Chesrown emphasized that this move not only facilitates online and in-showroom sales but also helps customers pursue their passions with greater financial support.
The financing service represents a strategic effort to drive growth and improve sales across RumbleOn's omnichannel platform.
RumbleOn has appointed Narinder Sahai as Chief Financial Officer, effective February 1, 2022. With over 18 years of finance leadership experience from companies like Amazon Web Services and Target Hospitality, Sahai aims to strengthen RumbleOn's financial strategy and operations. His appointment follows the loss of former CFO Steve Berrard, with interim CFO Beverley Rath continuing as Corporate Controller. RumbleOn is known for its omnichannel customer experience in the powersports sector, disrupting the vehicle supply chain through innovative technology.
RumbleOn (NASDAQ: RMBL) has formed a strategic partnership with J.D. Power to introduce the exclusive Powersports CashOffer tool on the NADAGuides.com website. This collaboration aims to streamline the process for customers seeking instant cash offers for their powersport vehicles. RumbleOn's President, Peter Levy, expressed confidence in the partnership's potential to enhance lead generation and referral strategies. The alliance is anticipated to fortify RumbleOn's position as a leader in the omnichannel customer experience within the powersports industry.
DALLAS--(BUSINESS WIRE)--RumbleOn, a technology-driven omnichannel powersport platform, will have its CEO, Marshall Chesrown, present at the ICR Conference on January 11th, 2022, at 3:30 p.m. ET. The presentation will be in a fireside chat format and available through a live and archived webcast on the RumbleOn investor relations website. RumbleOn focuses on buying, selling, trading, and financing powersport vehicles, enhancing customer and dealer transactions.
RumbleOn has finalized its acquisition of a Jacksonville-based powersports retail location, marking a strategic move to enhance its omnichannel marketplace in Florida. This location has shown steady revenue growth and profitability. The acquisition also includes various manufacturer product lines, such as Yamaha and Suzuki. CEO Marshall Chesrown highlighted this transaction as part of their growth strategy post their merger with RideNow. RumbleOn aims to continue strengthening customer experience and efficiency within its retail powersports brand.
RumbleOn, Inc (NASDAQ: RMBL) reported Q3 2021 financial results with a significant 88.1% year-over-year revenue increase to $221.2 million. Powersports unit sales rose 99.8% to 8,518 units, driving gross profit to $37.4 million. The company has raised its full-year 2021 revenue and adjusted EBITDA guidance by approximately 5%. Used retail unit sales surged 53%, illustrating strong momentum. Despite a net loss of $22.5 million for Q3, RumbleOn remains focused on strategic growth through acquisitions and technology enhancement.
RumbleOn, Inc. (NASDAQ:RMBL) has announced a definitive agreement to acquire Freedom Powersports, encompassing 13 locations across Texas, Georgia, and Alabama. This acquisition aims to enhance RumbleOn's market presence, expanding its footprint to over 55 locations nationwide. The strategic move is expected to bolster RumbleOn's omnichannel offering and is projected to be accretive from day one without the need for equity capital. Closing is anticipated in late 2021 or early 2022, pending customary conditions.
RumbleOn, Inc. (NASDAQ: RMBL), the largest retailer of powersports vehicles, will release its third quarter 2021 financial results before the market opens on November 15, 2021. A conference call will follow at 8:30 a.m. ET to discuss these results. Investors can access the call by dialing 1-877-407-9716 or through a live webcast on the company's Investor Relations website. RumbleOn revolutionizes the powersports market by enabling seamless transactions through innovative technology, enhancing the buying, selling, and trading experience.
RumbleOn, Inc. (NASDAQ: RMBL) has opened a new 60,000-square-foot fulfillment center in Orlando, Florida, enhancing its capacity to process thousands of powersport vehicles monthly. This facility will utilize advanced technology for reconditioning, inspection, and online presentation, thereby improving customer experience.
The opening aligns with RumbleOn's growth strategy, including future expansions in Dallas and Phoenix. The recent acquisition of a Jacksonville-based dealer also boosts RumbleOn's market position, reinforcing its status as the largest retailer of powersports vehicles in the U.S.
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