RumbleOn Inc
NASDAQ:RMBL
RumbleOn Inc
RumbleOn, Inc. engages in the provision of motor vehicle dealer and e-commerce platforms. The company is headquartered in Irving, Texas and currently employs 1,949 full-time employees. The company went IPO on 2014-07-02. The firm has three reportable segments: powersports, automotive and vehicle logistics and transportation. The powersports and automotive segments consist of the distribution of pre-owned vehicles. The powersports segment consists of the distribution principally of motorcycles and other powersports vehicles and includes the activities of its finance company operations. The automotive segment distributes cars and trucks. The firm's vehicle logistics and transportation service segment provide automotive transportation services between dealerships and auctions.
RumbleOn, Inc. engages in the provision of motor vehicle dealer and e-commerce platforms. The company is headquartered in Irving, Texas and currently employs 1,949 full-time employees. The company went IPO on 2014-07-02. The firm has three reportable segments: powersports, automotive and vehicle logistics and transportation. The powersports and automotive segments consist of the distribution of pre-owned vehicles. The powersports segment consists of the distribution principally of motorcycles and other powersports vehicles and includes the activities of its finance company operations. The automotive segment distributes cars and trucks. The firm's vehicle logistics and transportation service segment provide automotive transportation services between dealerships and auctions.
Revenue Decline: Q2 2025 revenue was about $300 million, down 11% from last year, mainly due to lower new unit sales and a drop in vehicle transportation business.
EBITDA Improvement: Adjusted EBITDA rose by $1 million year-over-year to $17.2 million, reflecting strong cost discipline despite lower sales.
Pre-Owned Strength: Pre-owned unit sales grew 10.2%, with strong demand and higher margins offsetting weaker new unit sales.
Rebranding: The company is rebranding as RideNow Group Inc., with a NASDAQ ticker change to RDNW effective August 13.
Loan Extension: The term loan maturity was extended by 13 months to September 2027, interest rate was cut by 0.5%, and annualized cash interest expense will drop by $3.4 million.
Wholesale Express Reset: Vehicle transport revenue and profit fell sharply after broker departures; the business is being rebuilt with a possible new B2C focus.
Pricing Stabilization: Management sees industry pricing stabilizing and signs of recovery, especially in pre-owned products, helped by recent tax reforms.
