RumbleON

RumbleOn, Inc. engages in the provision of motor vehicle dealer and e-commerce platforms. It operates through the following segments: Powersports, Automotive, and Vehicle Logistics and Transportation. The Powersports segment distributes pre-owned motorcycles and powersports vehicles. The Automotive segment focuses on the distribution of pre-owned cars and trucks. The Vehicle Logistics and Transportation segment offers nationwide automotive transportation services between dealerships and auctions. The company was founded by Matthew A. Lane, Marshall Chesrown, and Steven Richard Berrard on October 24, 2013 and is headquartered in Irving, TX.

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RumbleON reports Q1 revenue of $346.3M, focuses on expense control and debt reduction

RumbleON's Q1 2023 performance reflects resilience in the face of economic challenges, with a focus on expense control, debt reduction, and technology enhancements.
Despite a decrease in adjusted EBITDA, the company remains proactive in addressing margin compression, aiming for improved GPU and cost management strategies.
Opportunities lie in market share growth through M&A, maintaining a strong financial position, and addressing customer financing needs amidst evolving market dynamics.
Investors can find stability in RumbleON's strategic approach, supported by captive lenders and a favorable financing environment, amidst ongoing economic uncertainties.

RumbleON reports robust Q2 results, focuses on cost reductions

RumbleON's Q2 performance reflects operational improvements, revenue growth, and cost-saving measures, positioning the company for enhanced profitability and efficiency.
While facing challenges in facility strategy and operational costs, the company's proactive approach to addressing these issues underscores a commitment to sustainable growth.
Opportunities for revenue expansion through strategic initiatives and market demand highlight RumbleON's potential for continued success and market competitiveness.

RumbleON posts robust Q3 results, eyes growth through strategic initiatives

RumbleON's Q3 2023 earnings call highlighted strong financial performance, strategic initiatives, and future growth prospects. The company's focus on operational efficiency, balance sheet strengthening, and capital deployment post rights offering completion positions it well for future success.

RumbleON reports Q4 revenue dip, outlines Vision 2026 growth plan

RumbleON faced revenue decline in Q4 2023 but demonstrated cost management and strategic planning strengths.
Challenges include margin pressures, inventory management, and addressing analyst concerns.
Opportunities lie in acquisitions, debt optimization, and executing the Vision 2026 plan for long-term growth.
Overall, RumbleON's performance reflects resilience amidst industry transformations and strategic ambitions.

RumbleON maintains stable EBITDA amidst revenue decline, eyes ambitious growth

RumbleON's Q1 2024 performance reflected stable EBITDA and strong pre-owned gross margins amidst revenue challenges and expense management successes.
While facing declining sales and high debt levels, the company's strategic initiatives to open new retail centers and reduce expenses signal opportunities for growth.
Vision 2026 goals underscore RumbleON's ambitious growth plans, setting the stage for potential market expansion and enhanced financial performance.

RumbleOn reports positive cash flow, eyes Vision 2026 amidst challenges

RumbleOn navigates a tough powersports industry landscape with a focus on financial stability and operational efficiency. Despite revenue decline and industry headwinds, the company's strategic initiatives and commitment to long-term goals position it for growth.

RumbleON reports Q3 revenue decline, secures capital for growth

RumbleON's Q3 2024 performance reflects revenue and EBITDA declines YoY, with challenges in inventory management and declining sales in certain segments.
Despite these challenges, the company secured capital commitments, engaged in refinancing efforts, and demonstrated operational improvements in key business areas.
Opportunities lie in financial strengthening, operational efficiency enhancements, and strategic goal alignment for future growth and market expansion.

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DALLAS--(BUSINESS WIRE)--RumbleOn, Inc. (NASDAQ: RMBL) (“RumbleOn” or the “Company”), the nation's first technology-based powersports platform, today announced that it has filed its preliminary proxy statement with the U.S. Securities and Exchange Commission (“SEC”) in connection with its 2023 Annual Meeting of Stockholders (the “Annual Meeting”) to be held July 14, 2023. The filing comes as the Board continues to seek an agreement in principle with two dissident stockholders and former directo.

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

PHOENIX , May 25, 2023 /PRNewswire/ -- William Coulter and Mark Tkach, who together hold approximately 32.0% of the outstanding Class B shares of common stock of RumbleOn, Inc. ("RumbleOn" or the "Company") (NASDAQ: RMBL), today sent a letter to fellow RumbleOn stockholders, criticizing the intransigence of several entrenched directors who are delaying badly needed changes at the Company, for reasons that appear tied to their personal interests. Below is the full text of the letter: Dear Fellow RumbleOn stockholders: We have diligently sought to resolve our differences with RumbleOn's Board of Directors.

RumbleOn's Largest Stockholders Criticize Several Entrenched Directors

PHOENIX , May 16, 2023 /PRNewswire/ -- William Coulter and Mark Tkach, who together hold approximately 32.0% of the outstanding Class B shares of common stock of RumbleOn, Inc. ("RumbleOn" or the "Company") (NASDAQ: RMBL), today sent a letter to the RumbleOn Board of Directors, criticizing the Board's recent decision to accelerate severance payments to former Director and Chief Operating Officer Peter Levy, and to shield those payments from accountability. Below is the full text of the letter: Dear Members of the RumbleOn Board of Directors: We were shocked by the RumbleOn Board's recent actions to accelerate and shield Peter Levy's severance payment.

RumbleOn's Two Largest Stockholders Criticize Board's Recent Decision To Accelerate Severance Payments

The average of price targets set by Wall Street analysts indicates a potential upside of 52.1% in RumbleON, Inc. (RMBL). While the effectiveness of this highly sought-after metric is questionable, the positive trend in earnings estimate revisions might translate into an upside in the stock.

Wall Street Analysts Predict a 52.1% Upside in RumbleON, Inc. (RMBL): Here's What You Should Know

DALLAS--(BUSINESS WIRE)--RumbleOn, Inc. (NASDAQ: RMBL) (“RumbleOn” or “the Company”), the nation's first technology-based powersports platform, today announced the appointment of Mr. Steven J. Pully to its Board of Directors (“the Board”), effective May 11, 2023. Mr. Pully is an experienced board member, investment banker, restructuring professional and corporate executive. He has served on over 35 boards over the course of his career across a wide range of industries, including retail, enterta.

RumbleOn Appoints Steven J. Pully to its Board of Directors

RumbleON, Inc. (NASDAQ:RMBL ) Q1 2023 Results Conference Call May 10, 2023 8:30 AM ET Company Participants Will Newell - Head, IR Marshall Chesrown - Chairman, CEO Blake Lawson - CFO Conference Call Participants Eric Wold - B. Riley Michael Baker - D.A.

RumbleON, Inc. (RMBL) Q1 2023 Earnings Call Transcript

RumbleON, Inc. (RMBL) came out with quarterly earnings of $0.05 per share, beating the Zacks Consensus Estimate of a loss of $0.33 per share. This compares to earnings of $0.58 per share a year ago.

RumbleON, Inc. (RMBL) Q1 Earnings and Revenues Surpass Estimates

IRVING, Texas--(BUSINESS WIRE)--RumbleOn, Inc. (NASDAQ: RMBL) (the “Company” or “RumbleOn”), the nation's first technology-based powersports platform, today announced operational and financial results for the three months ended March 31, 2023. RumbleOn management is hosting an earnings call to discuss the Company's results today, May 10, 2023, at 7:30 am CT (8:30 am ET). First Quarter 2023 Financial and Operational Highlights Total Unit Sales of 17,336, primarily comprised of 10,436 New Units a.

RumbleOn Reports First Quarter 2023 Financial Results

DALLAS--(BUSINESS WIRE)--RumbleOn, Inc.'s (NASDAQ: RMBL) (“RumbleOn” or “the Company”) Board of Directors (the “Board”) today announced a series of corporate governance enhancements that reflect the Board's proactive and sustained commitment to strengthening its governance practices and meaningfully refreshing the Board. In an effort to advance the interests of all shareholders, the Board is implementing enhancements to improve the diversity of the Board, broaden the expertise and skillsets of.

RumbleOn Board Announces Significant Corporate Governance Enhancements

PHOENIX , May 8, 2023 /PRNewswire/ -- William Coulter and Mark Tkach, who together hold approximately 32.0% of the outstanding Class B shares of common stock of RumbleOn, Inc. ("RumbleOn" or the "Company") (NASDAQ: RMBL), today provided an update to fellow stockholders about their efforts to enhance stockholder value at RumbleOn. Below is the full text of the letter: Dear Fellow RumbleOn Stockholders: As you may know from our previous letter, over 32 years we built a thriving retail business, RideNow Powersports ("RideNow").

William Coulter and Mark Tkach provide update to fellow stockholders about efforts to enhance stockholder value at RumbleOn

DALLAS--(BUSINESS WIRE)--RumbleOn, Inc. (NASDAQ: RMBL) (“RumbleOn” or the "Company"), the nation's first technology-based powersports platform, today announced that the Company will hold its 2023 Annual Meeting of Stockholders (the “Annual Meeting”) on Friday, July 14, 2023. The board of directors established the close of business on Friday, May 26, 2023, as the record date for determining stockholders entitled to receive notice of and vote at the Annual Meeting, which will take place in-person.

RumbleOn, Inc. Announces Date of 2023 Annual Meeting of Stockholders

IRVING, Texas--(BUSINESS WIRE)--RumbleOn, Inc. (NASDAQ: RMBL) (the “Company” or “RumbleOn”), the nation's first technology-based omnichannel powersports platform, today announced that it will release its first quarter 2023 operational and financial results before the market opens on Wednesday, May 10, 2023. The Company has scheduled a conference call and webcast on the same day at 7:30 a.m. Central Time (8:30 a.m. Eastern Time) to discuss its operational and financial results. What: RumbleOn Fi.

RumbleOn Announces First Quarter 2023 Earnings Release and Conference Call Schedule

DALLAS--(BUSINESS WIRE)--RumbleOn, Inc. (NASDAQ: RMBL) (“RumbleOn” or the “Company”), the nation's first technology-based powersports platform, today issued the following statement regarding the preliminary proxy statement filed by two former directors and current shareholders, William Coulter and Mark Tkach: The RumbleOn Board of Directors is deeply committed to enhancing value for all shareholders and overseeing the Company's strategy.

RumbleOn Acknowledges Preliminary Proxy Statement from Shareholders and Former Directors

PHOENIX , April 5, 2023 /PRNewswire/ -- William Coulter and Mark Tkach, who together own approximately 32.2% of the outstanding Class B shares of common stock of RumbleOn, Inc. ("RumbleOn" or the "Company") (NASDAQ: RMBL), today announced to fellow stockholders that they have filed a preliminary proxy statement to elect four highly qualified candidates to the Board of Directors of the Company (the "Board") at its 2023 Annual Meeting of Stockholders. The Company has not yet set a date for the meeting.

RumbleOn's Two Largest Stockholders File Preliminary Proxy Statement to Elect Four Highly Qualified Candidates to RumbleOn's Board of Directors

RumbleON, Inc. (NASDAQ:RMBL ) Fourth Quarter and Full Year 2022 Earnings Conference Call March 16, 2023 8:30 AM ET Company Participants William Newell - Investor Relations Marshall Chesrown - Chairman and Chief Executive Officer Blake Lawson - Chief Financial Officer Conference Call Participants Eric Wold - B. Riley Securities Craig Kennison - Baird Seth Basham - Wedbush Securities Frederick Wightman - Wolfe Research Operator Greetings, and welcome to the RumbleON, Inc. Fourth Quarter and Full Year 2022 Earnings Conference Call.

RumbleON, Inc. (RMBL) Fourth Quarter and Full Year 2022 Earnings Conference Call Transcript

RumbleON, Inc. (RMBL) delivered earnings and revenue surprises of -655.56% and 6.50%, respectively, for the quarter ended December 2022. Do the numbers hold clues to what lies ahead for the stock?

RumbleON, Inc. (RMBL) Reports Q4 Loss, Misses Revenue Estimates

IRVING, Texas--(BUSINESS WIRE)--RumbleOn, Inc. (NASDAQ: RMBL) (the “Company” or “RumbleOn”), the nation's first technology-based powersports platform, today announced operational and financial results for the three months and full year ended December 31, 2022. RumbleOn management is hosting an investor call to discuss the Company's results today, March 16, 2023, at 7:30 am CT (8:30 am ET).

RumbleOn Reports Fourth Quarter and Full Year 2022 Financial Results

DALLAS--(BUSINESS WIRE)--RumbleOn, Inc. (NASDAQ: RMBL) today acknowledged the press release filed by two former directors and current shareholders, William Coulter and Mark Tkach, regarding their announced intention to nominate five individuals for three seats that they propose should be available on RumbleOn's Board of Directors at RumbleOn's 2023 Annual Meeting of Shareholders.

RumbleOn Acknowledges Press Release from Shareholders and Former Directors

IRVING, Texas--(BUSINESS WIRE)--RumbleOn, Inc. (NASDAQ: RMBL) (the “Company” or “RumbleOn”), the nation's first technology-based omnichannel powersports platform, today announced that Marshall Chesrown, RumbleOn's Chairman & CEO, and Blake Lawson, RumbleOn's CFO, will participate in a fireside chat at the D.A. Davidson 6th Annual Consumer Growth Conference to be held at Thompson Central Park New York on Tuesday, March 21, 2023 at 8:00 a.m. Eastern Time (7:00 am Central Time).

RumbleOn to Present at the D.A. Davidson 6th Annual Consumer Growth Conference

IRVING, Texas--(BUSINESS WIRE)--RumbleOn, Inc. (NASDAQ: RMBL) (the “Company” or “RumbleOn”), the nation's first technology-based omnichannel powersports platform, today announced that it will release its fourth quarter and full year 2022 operational and financial results before the market opens on Thursday, March 16, 2023. The Company has scheduled a conference call and webcast on the same day at 7:30 a.m. Central Time (8:30 a.m. Eastern Time) to discuss its operational and financial results.

RumbleOn Announces Fourth Quarter and Full Year 2022 Earnings Release and Conference Call Schedule

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IRVING, Texas--( BUSINESS WIRE )--RumbleOn, Inc. (NASDAQ: RMBL) (the "Company" or "RumbleOn"), the nation's first technology-based omnichannel powersports platform, today announced the promotion of Blake Lawson as RumbleOn's Chief Financial Officer. Mr. Lawson will serve as a member of the executive leadership team and report directly to RumbleOn's Chief Executive Officer, Marshall Chesrown, beginning January 19, 2023.

RumbleOn Promotes Blake Lawson, Seasoned Powersports Executive, to Chief Financial Officer

IRVING, Texas--( BUSINESS WIRE )--RumbleOn, Inc. (NASDAQ: RMBL) (the “Company” or “RumbleOn”), the nation's first technology-based omnichannel powersports platform, today announced that Marshall Chesrown, RumbleOn's Chairman & CEO, and Narinder Sahai, RumbleOn's CFO, will participate in a fireside chat at the 25th ICR Conference to be held at the Grand Lakes, Orlando on Monday, January 9, 2023 at 11:30 a.m. Eastern Time (10:30 am Central Time).

RumbleOn to Present at the 25th ICR Conference on January 9, 2023

The company's stock price has dropped more than 79% in the past year, lagging the industry average by 64%. Its thin profit margins, weak cash flows, and weak balance sheet are to blame for the falling share prices.

RumbleON: Skeptical In The Short-Run But Optimistic In The Long-Run

IRVING, Texas--( BUSINESS WIRE )--RumbleOn, Inc. (NASDAQ: RMBL) (the “Company” or “RumbleOn”), the nation's first technology-based omnichannel powersports platform, announced today that it will participate in the Wolfe Research Consumer Growth Conference on Tuesday, December 6th, 2022. Wolfe Research will host a virtual fireside chat with Marshall Chesrown, RumbleOn's CEO, and Narinder Sahai, RumbleOn's CFO, as part of its “Powersports Panel” at 9:35 a.m. Eastern Time (8:35 am Central Time).

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