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RumbleON (RMBL)
NASDAQ:RMBL
Earnings Data
Report Date
May 07, 2025TBA Not Confirmed
Period Ending
2025 (Q1)Consensus EPS Forecast
-0.21Last Year’s EPS
-0.29Same Quarter Last Year
Moderate Buy
Based on 3 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Mar 11, 2025
|% Change Since: -13.68%
|Next Earnings Date:May 07, 2025
Earnings Call Sentiment|Neutral
The earnings call reflects a challenging environment with significant revenue declines and pressures on margins. However, the company has made notable progress in inventory reduction and improving EBITDA. Concerns about tariffs and consumer confidence remain, but actions taken have strengthened the company's financial foundation.Company Guidance
During the RumbleOn, Inc. fourth quarter and full-year 2024 earnings call, the company provided several key metrics and insights into its financial performance and strategic initiatives. RumbleOn reported a Q4 revenue of $269.6 million, a 13.4% decrease year-over-year, and an adjusted EBITDA of $2.2 million, marking an improvement from a slight loss in the same quarter last year. The company successfully reduced new inventories by over $80 million, exceeding its initial goal of a $50 million reduction for the year. The Powersports Dealership Group retailed approximately 14,100 major units in Q4, reflecting a 9.3% decline from the previous year, with new and pre-owned unit sales down 9.5% and 8.8%, respectively. Gross margins for new units decreased to 10.8% from 13.2%, while pre-owned gross margins improved to 9.8% from a negative 10.3% due to prior inventory write-downs. The asset light vehicle transportation segment, Wholesale Express, saw a 3.1% increase in revenue despite a 2.9% decline in gross profit. For the full year, the company reported revenue of approximately $1.2 billion and adjusted EBITDA of $32.9 million, down from $1.4 billion and $37.4 million, respectively, in the prior year. The balance sheet ended with $96.7 million in total cash and $182.1 million in non-vehicle debt, with total available liquidity of $242.9 million. The call also addressed strategic shifts, including a commitment to discontinue reference to the Vision 2026 plan and focus on driving profitability and shareholder value, amidst macroeconomic challenges and tariff uncertainties.Exceeded Inventory Reduction Goal
RumbleOn exceeded their goal of reducing new inventories by $50 million, achieving a reduction of over $80 million, positioning them better for 2025.
Improved Adjusted EBITDA
Adjusted EBITDA for Q4 was $2.2 million, marking an improvement from a slight loss in the same quarter last year.
Repaid Convertible Notes
Shortly after fiscal 2024, RumbleOn repaid $38.8 million of convertible notes, strengthening their financial position.
Increased Transportation Services Revenue
Wholesale Express revenue increased by 3.1% in Q4 compared to the prior year, driven by more vehicles transported.
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RMBL Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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RMBL Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Mar 11, 2025 | $3.80 | $3.59 | -5.53% |
| Nov 12, 2024 | $5.68 | $4.96 | -12.68% |
| Aug 07, 2024 | $3.60 | $3.40 | -5.56% |
| May 08, 2024 | $4.89 | $5.45 | +11.45% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does RumbleON (RMBL) report earnings?
RumbleON (RMBL) is schdueled to report earning on May 07, 2025, TBA Not Confirmed.
What is RumbleON (RMBL) earnings time?
RumbleON (RMBL) earnings time is at May 07, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is RMBL EPS forecast?
RMBL EPS forecast for the fiscal quarter 2025 (Q1) is -0.21.
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