RideNow Opens New Flagship Store in Florida
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 1 hour ago
0mins
Source: PRnewswire
- New Flagship Opening: RideNow has opened a new flagship store in Gainesville, Florida, featuring a 25,000 square foot space that represents a 150% increase in capacity, aimed at enhancing the customer buying and ownership experience while solidifying its market position in North Central Florida.
- Diverse Inventory Offering: The new location will maintain an inventory of over 500 vehicles, including motorcycles, ATVs, and personal watercraft, ensuring customers can find the perfect ride for their adventures, thereby enhancing customer satisfaction and loyalty.
- Local Economic Boost: The expansion of the facility is expected to support local economic growth through increased hiring, with a larger service department and expanded accessory and apparel sections offering top-tier gear, further invigorating the community's economy.
- Strategic Implementation Example: The COO of RideNow stated that the new flagship store exemplifies the company's strategy to elevate customer experience, as it provides unmatched product variety and excellent customer service, thereby adding long-term value to the business and the communities served.
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Analyst Views on RDNW
Wall Street analysts forecast RDNW stock price to fall
1 Analyst Rating
0 Buy
1 Hold
0 Sell
Hold
Current: 8.175
Low
4.00
Averages
4.00
High
4.00
Current: 8.175
Low
4.00
Averages
4.00
High
4.00
About RDNW
RideNow Group, Inc., formerly RumbleOn, Inc., is a powersports retailer in the United States. The Company operates through two segments: a powersports dealership group and a vehicle transportation services entity, Wholesale Express, LLC (Express). The Company offers an unmatched selection of new and pre-owned motorcycles, all-terrain vehicles (ATVs), utility terrain or side-by-side vehicles, personal watercraft, snowmobiles, and other powersports vehicles, along with parts, apparel, accessories, finance and insurance products and services, and aftermarket products from a range of industry’s brands. Additionally, the Company offers a full suite of repair and maintenance services. The Company utilizes its proprietary RideNow Cash Offer technology to source vehicles directly from consumers. It has more than 55 convenient stores across the United States and over 19,023 new and pre-owned motorcycles, ATVs, personal watercraft, and more, along with a selection of branded manufacturers.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
RideNow Opens New Flagship Store in Florida
- New Flagship Opening: RideNow has opened a new flagship store in Gainesville, Florida, featuring a 25,000 square foot space that represents a 150% increase in capacity, aimed at enhancing the customer buying and ownership experience while solidifying its market position in North Central Florida.
- Diverse Inventory Offering: The new location will maintain an inventory of over 500 vehicles, including motorcycles, ATVs, and personal watercraft, ensuring customers can find the perfect ride for their adventures, thereby enhancing customer satisfaction and loyalty.
- Local Economic Boost: The expansion of the facility is expected to support local economic growth through increased hiring, with a larger service department and expanded accessory and apparel sections offering top-tier gear, further invigorating the community's economy.
- Strategic Implementation Example: The COO of RideNow stated that the new flagship store exemplifies the company's strategy to elevate customer experience, as it provides unmatched product variety and excellent customer service, thereby adding long-term value to the business and the communities served.
See More
RideNow Opens New Flagship Store Enhancing Customer Experience
- New Flagship Store Opening: RideNow's new flagship store in Gainesville, Florida, spans 25,000 square feet, representing a 150% increase in capacity compared to the previous location, which will significantly enhance the customer buying and ownership experience, further solidifying its market position in North Central Florida.
- Diverse Inventory Offering: The new location will maintain an inventory of over 500 vehicles, including motorcycles, ATVs, and personal watercraft, ensuring customers can find the perfect ride for their adventures, thereby enhancing customer satisfaction and loyalty.
- Local Economic Boost: The expansion of the facility is expected to support local economic growth through increased hiring, while the larger service and accessory departments will offer a wider selection of top-tier gear, further enhancing the customer experience.
- Strategic Implementation Example: RideNow's COO, Cam Tkach, stated that the new flagship store exemplifies the company's strategy to elevate the buying experience for customers by providing unmatched product variety and excellent customer service, thereby continuously adding long-term value to the business and the communities served.
See More
RideNow Group to Join Russell 2000 Index
- Index Inclusion Expected: RideNow Group (RDNW) anticipates joining the Russell 2000 and Russell 3000 indexes after the U.S. market closes on June 26, which is expected to enhance the company's market visibility and investment appeal.
- Automatic Inclusion Mechanism: Membership in the Russell 3000 index automatically includes RideNow in the Russell 2000 small-cap index and related growth and value indexes, thereby broadening its investor base and enhancing liquidity.
- Strong Financial Performance: RideNow reported an adjusted EBITDA of $9.7 million for Q1 2026, indicating robust growth potential in the powersports segment, which further solidifies its position in the small-cap market.
- Acquisition Strategy: The company plans to focus on accretive acquisitions through 2026, targeting approximately 2x leverage, which will support future expansion and market share growth.
See More
RideNow Group Expands Borrowing Capacity Significantly
- Expansion of Financing Capacity: RideNow Group secured an additional $35 million in floorplan financing through Wells Fargo, increasing its total credit capacity to approximately $400 million, significantly enhancing its relationships with major OEMs.
- Inventory Optimization: Of the new $35 million funding, $115 million is allocated for new vehicle inventory for Polaris, Indian, and Suzuki, while $20 million is specifically designated for pre-owned vehicle inventory, ensuring dealerships can meet customer demand effectively.
- Strengthening Market Leadership: This increase in financing provides greater product availability for RideNow throughout the 2026 riding season, further solidifying its position as a national leader in the powersports industry and enhancing its competitive edge.
- Strategic Implications: CEO Michael Quartieri noted that the expanded financing capacity reflects the team's efforts to improve operations and strengthen OEM partnerships, which is expected to help align new and used vehicle inventories to better meet customer needs.
See More
RideNow Group Expands Borrowing Capacity to $400 Million
- Increased Financing Capacity: RideNow Group secured an additional $35 million in floorplan financing through Wells Fargo, raising its total credit capacity to approximately $400 million, significantly higher than the amount reported at the end of 2025, thereby strengthening its relationships with major OEMs.
- Inventory Optimization: The new $35 million funding will be allocated to new vehicle inventory, including $115 million dedicated to Polaris, Indian, and Suzuki vehicles, along with a new $20 million specifically for pre-owned vehicle inventory, ensuring dealerships can meet customer demand effectively.
- Market Leadership Consolidation: The timing of this financing is opportune, as it is expected to support product availability throughout the 2026 riding season, allowing RideNow to continue solidifying its position as a national leader in the powersports industry.
- Operational Efficiency Improvement: CEO Michael Quartieri noted that securing this expanded financing capacity is a testament to the team's efforts to improve operations and strengthen OEM partnerships, which will better align new and used vehicle inventories to enhance customer satisfaction.
See More
RideNow Group, Inc. Q1 2026 Earnings Call Highlights
- Significant Revenue Growth: RideNow Group reported Q1 2026 revenue of $260.4 million, exceeding analysts' expectations of $258.8 million, indicating that the momentum created in the latter half of 2025 continues, which is expected to drive profitability and cash flow growth moving forward.
- Strong Same-Store Sales: Same-store unit sales increased by 16.3% and revenue by 13.1% in Q1, with same-store sales gross profit up by 12.2%, demonstrating enhanced competitiveness in the retail market and laying a foundation for future market share expansion.
- Legal Compliance Progress: The SEC concluded its investigation with a recommendation of no enforcement action against the company, alleviating market concerns regarding compliance risks, which could enhance investor confidence and potentially improve capital structure.
- Clear Acquisition Strategy: Management emphasized plans to drive future growth through highly accretive acquisitions, reflecting the company's commitment to its value creation strategy and its keen awareness of market opportunities.
See More
RideNow Opens New Flagship Store in Florida
- New Flagship Opening: RideNow has opened a new flagship store in Gainesville, Florida, featuring a 25,000 square foot space that represents a 150% increase in capacity, aimed at enhancing the customer buying and ownership experience while solidifying its market position in North Central Florida.
- Diverse Inventory Offering: The new location will maintain an inventory of over 500 vehicles, including motorcycles, ATVs, and personal watercraft, ensuring customers can find the perfect ride for their adventures, thereby enhancing customer satisfaction and loyalty.
- Local Economic Boost: The expansion of the facility is expected to support local economic growth through increased hiring, with a larger service department and expanded accessory and apparel sections offering top-tier gear, further invigorating the community's economy.
- Strategic Implementation Example: The COO of RideNow stated that the new flagship store exemplifies the company's strategy to elevate customer experience, as it provides unmatched product variety and excellent customer service, thereby adding long-term value to the business and the communities served.
See More
RideNow Opens New Flagship Store Enhancing Customer Experience
- New Flagship Store Opening: RideNow's new flagship store in Gainesville, Florida, spans 25,000 square feet, representing a 150% increase in capacity compared to the previous location, which will significantly enhance the customer buying and ownership experience, further solidifying its market position in North Central Florida.
- Diverse Inventory Offering: The new location will maintain an inventory of over 500 vehicles, including motorcycles, ATVs, and personal watercraft, ensuring customers can find the perfect ride for their adventures, thereby enhancing customer satisfaction and loyalty.
- Local Economic Boost: The expansion of the facility is expected to support local economic growth through increased hiring, while the larger service and accessory departments will offer a wider selection of top-tier gear, further enhancing the customer experience.
- Strategic Implementation Example: RideNow's COO, Cam Tkach, stated that the new flagship store exemplifies the company's strategy to elevate the buying experience for customers by providing unmatched product variety and excellent customer service, thereby continuously adding long-term value to the business and the communities served.
See More
RideNow Group to Join Russell 2000 Index
- Index Inclusion Expected: RideNow Group (RDNW) anticipates joining the Russell 2000 and Russell 3000 indexes after the U.S. market closes on June 26, which is expected to enhance the company's market visibility and investment appeal.
- Automatic Inclusion Mechanism: Membership in the Russell 3000 index automatically includes RideNow in the Russell 2000 small-cap index and related growth and value indexes, thereby broadening its investor base and enhancing liquidity.
- Strong Financial Performance: RideNow reported an adjusted EBITDA of $9.7 million for Q1 2026, indicating robust growth potential in the powersports segment, which further solidifies its position in the small-cap market.
- Acquisition Strategy: The company plans to focus on accretive acquisitions through 2026, targeting approximately 2x leverage, which will support future expansion and market share growth.
See More
RideNow Group Expands Borrowing Capacity Significantly
- Expansion of Financing Capacity: RideNow Group secured an additional $35 million in floorplan financing through Wells Fargo, increasing its total credit capacity to approximately $400 million, significantly enhancing its relationships with major OEMs.
- Inventory Optimization: Of the new $35 million funding, $115 million is allocated for new vehicle inventory for Polaris, Indian, and Suzuki, while $20 million is specifically designated for pre-owned vehicle inventory, ensuring dealerships can meet customer demand effectively.
- Strengthening Market Leadership: This increase in financing provides greater product availability for RideNow throughout the 2026 riding season, further solidifying its position as a national leader in the powersports industry and enhancing its competitive edge.
- Strategic Implications: CEO Michael Quartieri noted that the expanded financing capacity reflects the team's efforts to improve operations and strengthen OEM partnerships, which is expected to help align new and used vehicle inventories to better meet customer needs.
See More
RideNow Group Expands Borrowing Capacity to $400 Million
- Increased Financing Capacity: RideNow Group secured an additional $35 million in floorplan financing through Wells Fargo, raising its total credit capacity to approximately $400 million, significantly higher than the amount reported at the end of 2025, thereby strengthening its relationships with major OEMs.
- Inventory Optimization: The new $35 million funding will be allocated to new vehicle inventory, including $115 million dedicated to Polaris, Indian, and Suzuki vehicles, along with a new $20 million specifically for pre-owned vehicle inventory, ensuring dealerships can meet customer demand effectively.
- Market Leadership Consolidation: The timing of this financing is opportune, as it is expected to support product availability throughout the 2026 riding season, allowing RideNow to continue solidifying its position as a national leader in the powersports industry.
- Operational Efficiency Improvement: CEO Michael Quartieri noted that securing this expanded financing capacity is a testament to the team's efforts to improve operations and strengthen OEM partnerships, which will better align new and used vehicle inventories to enhance customer satisfaction.
See More
RideNow Group, Inc. Q1 2026 Earnings Call Highlights
- Significant Revenue Growth: RideNow Group reported Q1 2026 revenue of $260.4 million, exceeding analysts' expectations of $258.8 million, indicating that the momentum created in the latter half of 2025 continues, which is expected to drive profitability and cash flow growth moving forward.
- Strong Same-Store Sales: Same-store unit sales increased by 16.3% and revenue by 13.1% in Q1, with same-store sales gross profit up by 12.2%, demonstrating enhanced competitiveness in the retail market and laying a foundation for future market share expansion.
- Legal Compliance Progress: The SEC concluded its investigation with a recommendation of no enforcement action against the company, alleviating market concerns regarding compliance risks, which could enhance investor confidence and potentially improve capital structure.
- Clear Acquisition Strategy: Management emphasized plans to drive future growth through highly accretive acquisitions, reflecting the company's commitment to its value creation strategy and its keen awareness of market opportunities.
See More
