RMBL

Analyst Coverage: Texas Capital Securities analyst Eric Wold has initiated coverage of RumbleON (RMBL) with a Buy rating and a price target of $3.50, while the stock currently trades at $2.50.

Market Consensus: The overall analyst consensus for RumbleON is a Moderate Buy with an average price target of $4.00, despite Wold's personal average return being -17.2% and a success rate of 30.69%.

Analyst Coverage: Texas Capital analyst Eric Wold has initiated coverage of RumbleON (RMBL) with a Buy rating and a price target of $3.50, highlighting the potential resilience in the powersports segment, particularly for motorcycles and utility vehicles.

Profitability Outlook: The firm anticipates that reduced inventories and a shift back to pre-owned vehicle sales could enhance profitability, alongside a planned debt refinancing later this year which may act as a positive catalyst for the company.

Leadership Changes: RumbleOn, Inc. is experiencing a decline in share prices following the termination notices of CFO Tiffany Kice and Chief Legal Counsel Brandy Treadway, effective April 2, 2025, with no reasons provided for their departures.

Financial Performance: The company's fourth-quarter revenue fell by 13.4% to $269.6 million, while net losses decreased from $168.5 million to $56.4 million compared to the previous year.

Analyst Ratings Overview: Recent evaluations of RumbleON by four analysts show a mix of bullish and bearish sentiments, with an average 12-month price target of $4.75, reflecting a decrease from the previous target of $6.17.

Financial Performance Insights: RumbleON faces challenges with a -12.75% decline in revenue growth over three months, while maintaining a strong net margin of -3.8%, but lagging behind industry averages in return on equity (ROE) and return on assets (ROA).

Analyst Rating Changes: Several Wall Street analysts have adjusted their price targets for various companies, including Ciena Corporation, Expedia Group, and Tesla, with some maintaining or changing their ratings from Buy to Hold or Neutral.

Stock Performance Overview: The article provides a snapshot of recent stock prices and performance for companies like Diamondback Energy, Illumina, and Arvinas, highlighting significant changes in analyst outlooks and market reactions.

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Fourth Quarter Financial Results: RumbleOn, Inc. reported a revenue decrease of 13.4% to $269.6 million in Q4 2024, with a net loss of $56.4 million, significantly improved from a loss of $168.5 million in the same quarter of 2023. Adjusted EBITDA turned positive at $2.2 million compared to a loss in the previous year.

Full Year Performance and Strategic Actions: For the full year 2024, RumbleOn's revenue fell by 11.5% to $1.21 billion, but the net loss decreased to $78.6 million from $215.5 million in 2023. The company focused on operational efficiency, reducing SG&A expenses and inventory, while generating positive operating cash flow of $99.4 million.

Earnings Release Announcement: RumbleOn, Inc. will release its Fourth Quarter and Full Year 2024 operational and financial results on March 11, 2025, before the market opens, followed by a conference call at 7:00 a.m. Central Time.

Company Overview: RumbleOn operates in the Powersports dealership sector and as a transportation services provider, claiming to be one of the largest powersports retail groups in the U.S., offering a variety of products and services.

Earnings Release: RumbleOn ($RMBL) is set to announce its quarterly earnings on March 11th, with analysts predicting revenue of $284 million and a loss of $0.32 per share.

Insider Trading Activity: In the past six months, RumbleOn insiders have made one purchase of $RMBL stock, while institutional investors have shown mixed activity, with 43 increasing their holdings and 22 reducing them.

Leadership Changes at RumbleOn: Michael Quartieri has been appointed as the new CEO, Cameron Tkach is promoted to Executive Vice President and COO, and Becca Polak becomes Vice Chairman and Lead Independent Director, effective January 13, 2025.

Company Overview: RumbleOn, Inc. is the largest powersports retailer in North America, focusing on both retail and wholesale operations, and aims to enhance growth and profitability under the new leadership.

Leadership Changes at RumbleOn: RumbleOn has announced significant leadership changes effective January 13, 2025, including Michael Quartieri as the new CEO and Cameron Tkach as Executive Vice President and COO, while Becca Polak becomes Vice Chairman and Lead Independent Director. Michael Kennedy is no longer in his roles as CEO or board member.

Strategic Vision for Future Success: The new leadership team, particularly Quartieri and Tkach, is expected to leverage their extensive experience and strategic vision to enhance RumbleOn's business strategy and accelerate its growth moving forward.

Landsea Homes and Mill Road Capital: Mill Road Capital acquired 853,500 shares of Landsea Homes, bringing its total ownership to 5% as the company's stock value dropped nearly a third in 2024.

Other Company Stake Changes: Horizon Kinetics increased its stake in LandBridge to 23.2% amid a 173% stock gain, while EcoR1 Capital raised its Zymeworks stake to 21.3% with a significant stock increase; Stone House Capital increased RumbleON's stake despite an 11.4% decline in share value.

RumbleON Insider Purchase: Mark Alexander Cohen purchased 349,333 shares of RumbleON (RMBL) for $1.46 million at $4.18 each, currently up 36.1% with the stock trading at $5.69.

CCC Intelligent Solutions Holdings Purchase: Director Neil E. De Crescenzo bought 100,000 shares of CCC Intelligent Solutions Holdings for $1.22 million at $12.16 each, with the stock slightly up by 0.1%.

Insider Trading Activity: Mark Alexander Cohen, a director at $RMBL, purchased 349,333 shares on December 19, 2024, increasing his holdings by approximately 5.2%, bringing his total to 7,075,815 shares. In the past six months, there has been one insider trade involving a purchase and no sales.

Institutional Investor Movements: In the latest quarter, 33 institutional investors increased their positions in $RMBL stock while 36 reduced theirs, indicating mixed sentiment among institutional holders.

Rights Offering Results: RumbleOn, Inc. announced the completion of its $10 million equity rights offering, with approximately 85% of shares subscribed, resulting in the issuance of 2,043,011 shares at a price of $4.18 each. The company expects to raise about $9 million from this offering and a subsequent private placement.

Use of Proceeds: The funds raised will be used for general corporate purposes, including repaying convertible senior promissory notes due January 1, 2025, and fulfilling additional capital financing obligations under a credit agreement with Oaktree.

Rights Offering Results: RumbleOn, Inc. announced the preliminary results of its $10 million equity rights offering, with 2,043,011 shares of Class B common stock subscribed at a price of $4.18 per share, and a standby purchaser expected to buy 349,333 unclaimed shares.

Use of Proceeds: The company estimates net proceeds of approximately $9 million from the offering and plans to use these funds for general corporate purposes, including repaying convertible senior promissory notes due January 2025.

Equity Rights Offering Results: RumbleOn announced that its $10 million equity rights offering led to subscriptions for 2.04 million shares of class B common stock at $4.18 per share, with shares expected to be issued on December 17, 2024.

Use of Proceeds: The company anticipates net proceeds of approximately $9.0 million from the offering and plans to use these funds for general corporate purposes and to meet capital financing obligations under a credit agreement with Oaktree.

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Rights Offering Announcement: RumbleOn, Inc. has initiated a $10 million fully backstopped registered equity rights offering to raise funds for general corporate purposes, including the repayment of convertible senior promissory notes and additional capital financing obligations.

Subscription Rights Details: Eligible stockholders will receive non-transferable subscription rights to purchase shares of Class B common stock at $4.18 per share, with the offering set to expire on December 12, 2024, unless extended by the company.

Rights Offering Announcement: RumbleOn, Inc. has set November 25, 2024, as the record date for a proposed $10 million registered equity rights offering, distributing non-transferable subscription rights to eligible stockholders based on their holdings of Class A and B Common Stock.

Subscription Price Details: The subscription price will be determined as the lower of a 20% discount to either the 30-day or 10-day volume-weighted average price of Class B Common Stock prior to the Rights Offering, with further terms to be announced before the offering commences.