RMBL News & Events

RumbleOn (RMBL) announced this week that it is rebranding as RideNow Group (RDNW), with a new ticker symbol "RDNW." The move is part of a package of changes announced in conjunction with its earnings report for the second quarter ended June 30, 2025, which includes the relocation of the company's headquarters, the rollout of a new business framework and expanded support for the company's 54 powersports dealerships. The name and ticker symbol will officially change on Wednesday, August 13. Also announced this week, the headquarters for RideNow Group will move from Irving, Texas to Chandler, Arizona, to offices in the company's flagship store. The move consolidates leadership and support functions in one location, reinforcing the company's "one team" approach to corporate and store operations.

Reports Q2 revenue $299.9M vs. $336.8M last year. "I am pleased to report that we are making good progress and our operating results improved over the course of Q2. While performance in the second quarter was nowhere close to where we want and expect to be, the company's "back to our roots" strategy is working and driving improvement in our year over year results. We are improving our execution every day and have a very clear road map of work to do to continue to drive improvements and meaningful growth in the business. In addition, the successful closing of the term loan amendment provides us with operating flexibility to execute upon our strategy. I am as confident as ever that our current actions will lead to significantly improved results and shareholder value," said Michael Quartieri, CEO and Interim CFO.