Board Change • May 20
High number of new and inexperienced directors There are 8 new directors who have joined the board in the last 3 years. The company's board is composed of: 8 new directors. 1 experienced director. No highly experienced directors. Independent Vice Chairman Becca Polak is the most experienced director on the board, commencing their role in 2023. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors. Announcement • May 07
RideNow Group, Inc. to Report Q1, 2026 Results on May 14, 2026 RideNow Group, Inc. announced that they will report Q1, 2026 results After-Market on May 14, 2026 Announcement • Apr 27
RideNow Group, Inc., Annual General Meeting, Jun 04, 2026 RideNow Group, Inc., Annual General Meeting, Jun 04, 2026. Announcement • Mar 10
RideNow Group, Inc. Reports Impairment Results for the Fourth Quarter Ended December 31, 2025 RideNow Group, Inc. reported impairment results for the fourth quarter ended December 31, 2025. For the quarter, the company reported impairment of intangible assets of $0.8 million against $39.3 million a year ago. Announcement • Mar 03
RideNow Group, Inc. to Report Q4, 2025 Results on Mar 09, 2026 RideNow Group, Inc. announced that they will report Q4, 2025 results After-Market on Mar 09, 2026 Announcement • Oct 29
RideNow Group, Inc. to Report Q3, 2025 Results on Nov 04, 2025 RideNow Group, Inc. announced that they will report Q3, 2025 results After-Market on Nov 04, 2025 Announcement • Aug 06
RumbleOn, Inc. to Report Q2, 2025 Results on Aug 11, 2025 RumbleOn, Inc. announced that they will report Q2, 2025 results After-Market on Aug 11, 2025 Announcement • May 01
RumbleOn, Inc. to Report Q1, 2025 Results on May 07, 2025 RumbleOn, Inc. announced that they will report Q1, 2025 results Pre-Market on May 07, 2025 Announcement • Apr 14
RumbleOn, Inc., Annual General Meeting, Jun 04, 2025 RumbleOn, Inc., Annual General Meeting, Jun 04, 2025. Announcement • Mar 21
RumbleOn, Inc. Announces Board Changes On March 17, 2025, the Board of Directors of RumbleOn, Inc. appointed Rachel Richards as a director of the Company to fill the vacant seat created by Michael Kennedy’s resignation on January 13, 2025. The Board designated Ms. Richards as a director to stand for re-election at the Company’s 2025 annual meeting of shareholders. The Board determined that Ms. Richards is an independent director for purposes of the Nasdaq listing requirements, and Ms. Richards was also appointed to serve as a member of the Nominating & Corporate Governance Committee of the Board. Ms. Richards has over 38 years of experience in the automotive industry, including with Ford Motor Company and Sonic Automotive. From 2014 until her retirement on January 1, 2025, she served as Chief Marketing Officer and Vice President of Retail Strategy for Sonic Automotive. Ms. Richards holds a Bachelor of Science in Business Administration from Shippensburg University. Announcement • Mar 07
RumbleOn, Inc. to Report Q4, 2024 Results on Mar 11, 2025 RumbleOn, Inc. announced that they will report Q4, 2024 results at 9:30 AM, US Eastern Standard Time on Mar 11, 2025 Announcement • Jan 18
RumbleOn, Inc. Receives Non-Compliance Letter from Nasdaq On January 14, 2025, RumbleOn, Inc. (the Company") notified the Nasdaq Stock Market, LLC (Nasdaq") that the Company is temporarily not in compliance with continued listing requirements as set in Nasdaq Listing Rules 5605(b)(1) regarding the composition of the board of directors of the Company (the Board") because a majority of the Board is not comprised of Independent Directors (as defined in Nasdaq Listing Rule 5605(a)(2)) solely due to a vacancy on the Board resulting from the leadership transition described in Item 5.02 of this Current Report on Form 8-K. On January 16, 2025, the Company received a response letter (the Response") from Nasdaq acknowledging the fact that the Company does not meet the requirements of such rules. The Response has no immediate effect on the listing or trading of the Company's common stock on the Nasdaq and the Company's common stock will continue to trade under the symbol RMBL". In accordance with Nasdaq Listing Rules, the Company has a cure period to regain compliance until the earlier to occur of its next annual stockholders meeting or January 13, 2026; provided, however, that if the next annual stockholders meeting is held before July 14, 2025, then the Company must evidence compliance no later than July 14, 2025. The Board is seeking to regain compliance with Nasdaq Listing Rules 5605(b)(1) prior to the expiration of the applicable period granted under Nasdaq Listing Rules 5605(b)(1)(A). Announcement • Dec 13
RumbleOn, Inc. has completed a Follow-on Equity Offering in the amount of $8.539786 million. RumbleOn, Inc. has completed a Follow-on Equity Offering in the amount of $8.539786 million.
Security Name: Class B Common Stock
Security Type: Common Stock
Securities Offered: 2,043,011
Price\Range: $4.18
Transaction Features: Rights Offering Reported Earnings • Nov 13
Third quarter 2024 earnings released: US$0.32 loss per share (vs US$0.99 loss in 3Q 2023) Third quarter 2024 results: US$0.32 loss per share (improved from US$0.99 loss in 3Q 2023). Revenue: US$295.0m (down 13% from 3Q 2023). Net loss: US$11.2m (loss narrowed 32% from 3Q 2023). Revenue is forecast to grow 5.2% p.a. on average during the next 3 years, compared to a 5.8% growth forecast for the Specialty Retail industry in Germany. Over the last 3 years on average, earnings per share has fallen by 32% per year but the company’s share price has fallen by 51% per year, which means it is performing significantly worse than earnings. Announcement • Nov 13
RumbleOn, Inc. has filed a Follow-on Equity Offering in the amount of $10 million. RumbleOn, Inc. has filed a Follow-on Equity Offering in the amount of $10 million.
Security Name: Class B Common Stock
Security Type: Common Stock
Transaction Features: Rights Offering Announcement • Nov 06
RumbleOn, Inc. to Report Q3, 2024 Results on Nov 12, 2024 RumbleOn, Inc. announced that they will report Q3, 2024 results Pre-Market on Nov 12, 2024 Reported Earnings • Aug 08
Second quarter 2024 earnings released: US$0.02 loss per share (vs US$0.78 loss in 2Q 2023) Second quarter 2024 results: US$0.02 loss per share (improved from US$0.78 loss in 2Q 2023). Revenue: US$336.8m (down 12% from 2Q 2023). Net loss: US$700.0k (loss narrowed 95% from 2Q 2023). Revenue is forecast to grow 5.1% p.a. on average during the next 3 years, compared to a 5.9% growth forecast for the Specialty Retail industry in Germany. Over the last 3 years on average, earnings per share has fallen by 42% per year but the company’s share price has fallen by 53% per year, which means it is performing significantly worse than earnings. Announcement • Jul 26
RumbleOn, Inc. to Report Q2, 2024 Results on Aug 07, 2024 RumbleOn, Inc. announced that they will report Q2, 2024 results Pre-Market on Aug 07, 2024 Board Change • Jun 14
High number of new and inexperienced directors There are 7 new directors who have joined the board in the last 3 years. The company's board is composed of: 7 new directors. No experienced directors. No highly experienced directors. Independent Director Becca Polak is the most experienced director on the board, commencing their role in 2023. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors. Announcement • Jun 05
RumbleOn, Inc. Appoints Tiffany Kice as its new Chief Financial Officer, Effective June 24, 2024 RumbleOn, Inc. announced the appointment of Tiffany Kice as its new Chief Financial Officer (CFO), effective June 24, 2024. Kice brings over 25 years of experience in financial leadership roles for public and private companies across various industries, including extensive expertise in multi-site retail. Kice joins RumbleOn from Pegasus Logistics Group, a privately held logistics company where she served as CFO since 2020. She has held CFO roles in the retail and investment fields and started her career at professional services firm KPMG in Dallas. Kice's background includes strategic financial planning, risk management, and leadership of IT, finance and human resource professionals. She holds a B.B.A. in Accounting from the University of Texas, Austin. Kice grew up in Texas where she and her brother enjoyed waterskiing and riding ATV's as children. Today, along with her husband of 25 years and two adult daughters, she enjoys time at the lake where she's the expert pilot for wakeboarding and tubing. Announcement • Apr 24
RumbleOn, Inc. to Report Q1, 2024 Results on May 08, 2024 RumbleOn, Inc. announced that they will report Q1, 2024 results Pre-Market on May 08, 2024 Announcement • Mar 29
RumbleON, Inc., Annual General Meeting, Jun 04, 2024 RumbleON, Inc., Annual General Meeting, Jun 04, 2024. Reported Earnings • Mar 14
Full year 2023 earnings released: US$12.77 loss per share (vs US$16.48 loss in FY 2022) Full year 2023 results: US$12.77 loss per share (improved from US$16.48 loss in FY 2022). Revenue: US$1.37b (down 24% from FY 2022). Net loss: US$214.4m (loss narrowed 18% from FY 2022). Revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 5.6% growth forecast for the Specialty Retail industry in Germany. Over the last 3 years on average, earnings per share has fallen by 48% per year whereas the company’s share price has fallen by 49% per year. Announcement • Mar 01
RumbleON, Inc. to Report Q4, 2023 Results on Mar 14, 2024 RumbleON, Inc. announced that they will report Q4, 2023 results Pre-Market on Mar 14, 2024 Announcement • Feb 22
RumbleON, Inc. Appoints Brandy Treadway as Senior Vice President and Chief Legal Officer RumbleOn announced the appointment of Brandy Treadway as the company's Senior Vice President and Chief Legal Officer. Treadway brings over two decades of legal expertise, including executive positions at J.C. Penney Company, Inc. and as a partner at Martin Powers & Counsel, PLLC. Treadway will lead RumbleOn's legal and human resources functions. In her most recent role at Martin Powers & Counsel, PLLC, Treadway served as a Corporate Partner, representing small and medium-sized businesses in corporate and human resources matters. Prior to that, she held key positions at JCPenney, including Senior Vice President, General Counsel & Secretary, where she oversaw all legal functions for the Fortune 250 retail company, and Interim Chief Human Resources Officer, where she led an in-depth analysis of the company's organizational structure. Treadway holds a Juris Doctor from SMU Dedman School of Law, graduating magna cum laude and being inducted into the Order of the Coif, an honor society for law school graduates. She also holds two BA degrees from the University of Virginia. Treadway will be based at RumbleOn's headquarters in Dallas, Texas. She started in her role on February 12, 2024. Announcement • Dec 23
RumbleON, Inc. Announces Board Changes On December 21, 2023, Kevin Westfall provided the Board of Directors (the “Board”) of RumbleOn, Inc. (the “Company”) a letter of resignation as a director of the Company effective immediately. In his letter, Mr. Westfall did not express disagreement on any matter relating to the Company’s operations, policies, or practices as the cause of his resignation. The Company provided Mr. Westfall a copy of this report in advance of filing. In recognition of Mr. Westfall’s service to the Company, the Compensation Committee has agreed to continue vesting of Mr. Westfall’s outstanding restricted stock units, in accordance with the ordinary course through July 1, 2024. On December 21, 2023, the Board appointed Mark Tkach to fill the Class III director position vacancy created by Kevin Westfall’s resignation from the Board on December 21, 2023. Mr. Tkach’s Class III term will expire at the Company’s 2024 annual meeting of stockholders. Mr. Tkach previously served as a member of the Board and as the Company’s Interim Chief Executive Officer from June 16, 2023 to November 1, 2023. Immediately prior to his appointment, Mr. Tkach was a board observer. For additional information regarding Mr. Tkach, please see the Company’s Definitive Proxy Statement filed with the Securities and Exchange Commission (the “SEC”) on June 23, 2023. Announcement • Dec 19
Steven Pully Ceases to Be Executive Chairman of the Board of RumbleON, Inc RumbleOn, Inc. announced that upon the expiration of the term, Mr. Steven Pully ceased to be Executive Chairman of the Board. Mr. Pully continues to serve as a member of the Board and has also been appointed to serve as Chairman of the Board. Recent Insider Transactions • Dec 14
Director recently bought €4.4m worth of stock On the 8th of December, William Coulter bought around 861k shares on-market at roughly €5.12 per share. This transaction amounted to 16% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. This was the only on-market transaction from insiders over the last 12 months. Announcement • Dec 07
RumbleON, Inc. has completed a Follow-on Equity Offering in the amount of $99.999999 million. RumbleON, Inc. has completed a Follow-on Equity Offering in the amount of $99.999999 million.
Security Name: Class B common stock
Security Type: Common Stock
Securities Offered: 18,181,818
Price\Range: $5.5
Transaction Features: Rights Offering Reported Earnings • Nov 10
Third quarter 2023 earnings released: US$0.99 loss per share (vs US$0.19 profit in 3Q 2022) Third quarter 2023 results: US$0.99 loss per share (down from US$0.19 profit in 3Q 2022). Revenue: US$338.1m (down 28% from 3Q 2022). Net loss: US$16.5m (down US$19.5m from profit in 3Q 2022). Revenue is forecast to grow 8.1% p.a. on average during the next 3 years, compared to a 6.2% growth forecast for the Specialty Retail industry in Germany. Over the last 3 years on average, earnings per share has fallen by 27% per year but the company’s share price has fallen by 44% per year, which means it is performing significantly worse than earnings. New Risk • Nov 08
New minor risk - Profitability The company is currently unprofitable and not forecast to become profitable over the next 3 years. Trailing 12-month net loss: US$314m Forecast net loss in 3 years: US$5.4m This is considered a minor risk. Companies that are not profitable are more likely to be burning through cash and less likely to be well established. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. Without profits, the company is under pressure to grow significantly while potentially having to reduce costs and possibly needing to take on debt or raise capital to remain afloat. Currently, the following risks have been identified for the company: Major Risk Share price has been highly volatile over the past 3 months (12% average weekly change). Minor Risks Currently unprofitable and not forecast to become profitable over next 3 years (US$5.4m net loss in 3 years). Shareholders have been diluted in the past year (4.9% increase in shares outstanding). Announcement • Nov 02
RumbleON, Inc. to Report Q3, 2023 Results on Nov 07, 2023 RumbleON, Inc. announced that they will report Q3, 2023 results Pre-Market on Nov 07, 2023 New Risk • Aug 18
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: €91.6m (US$99.7m) This is considered a minor risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risk Share price has been highly volatile over the past 3 months (14% average weekly change). Minor Risks Less than 1 year of cash runway based on current free cash flow (-US$73m). Shareholders have been diluted in the past year (4.5% increase in shares outstanding). Market cap is less than US$100m (€91.6m market cap, or US$99.7m). Announcement • Aug 11
Rumbleon, Inc. Provides Revenue Guidance for Full Year 2023 RumbleON, Inc. provided revenue guidance for full year 2023. For the period, the company expects Total Powersports and Transportation Revenue of $1.38 billion to $1.48 billion, compared to Powersports and Transportation Revenue of $1.46 billion in 2022 and Powersports GPU of approximately $5,300 to $5,400 compared to $6,159 in 2022. Reported Earnings • Aug 10
Second quarter 2023 earnings released: US$0.78 loss per share (vs US$0.87 profit in 2Q 2022) Second quarter 2023 results: US$0.78 loss per share (down from US$0.87 profit in 2Q 2022). Revenue: US$382.7m (down 30% from 2Q 2022). Net loss: US$12.8m (down 191% from profit in 2Q 2022). Revenue is forecast to grow 6.3% p.a. on average during the next 3 years, compared to a 6.2% growth forecast for the Specialty Retail industry in Germany. Over the last 3 years on average, earnings per share has increased by 15% per year but the company’s share price has fallen by 19% per year, which means it is significantly lagging earnings. New Risk • Aug 09
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 3.6% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risk Share price has been highly volatile over the past 3 months (15% average weekly change). Minor Risks Less than 1 year of cash runway based on current free cash flow (-US$53m). Shareholders have been diluted in the past year (3.6% increase in shares outstanding). Board Change • Aug 01
High number of new and inexperienced directors There are 5 new directors who have joined the board in the last 3 years. The company's board is composed of: 5 new directors. 1 experienced director. No highly experienced directors. Independent Director Kevin Westfall is the most experienced director on the board, commencing their role in 2017. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors. Announcement • Jul 29
RumbleON, Inc. to Report Q2, 2023 Results on Aug 09, 2023 RumbleON, Inc. announced that they will report Q2, 2023 results Pre-Market on Aug 09, 2023 Announcement • Jul 23
RumbleON, Inc. Announces Management Changes On July 14, 2023, the Board of Directors of RumbleOn, Inc. appointed Steven Pully, Chairman of the Board, to serve as Executive Chairman of the Board. Unless earlier terminated, such appointment is for a term through December 15, 2023. Also on July 14, 2023, Mark Tkach resigned from his position as an unclassified director and the Board appointed him to the vacant Class III Board seat created by the resignation of Marshall Chesrown in accordance with the terms of the cooperation agreement entered into on June 15, 2023, by and among the Company, Mr. Tkach and William Coulter (the “Cooperation Agreement”). Mr. Tkach serves, and will continue to serve, on the Executive Transition Committee. Melvin Flanigan’s term as an unclassified director expired upon his election as a Class II director at the 2023 Annual Meeting of Stockholders of RumbleOn (the “2023 Annual Meeting”). Also on July 14, 2023, Michael Francis resigned as General Counsel and Chief Legal Officer of the Company. Announcement • Jul 13
RumbleON, Inc. Announces Board Changes RumbleON, Inc. announced that on July 7, 2023, Marshall Chesrown resigned as a director of the Company effective immediately. Mr. Chesrown’s resignation letter described his disagreement with certain recent corporate governance, disclosure and other actions taken by the Company, the Board and certain of its members, and indicated his intent to pursue legal claims. Due to Mr. Chesrown’s resignation, the Company’s Board currently consists of eight members consisting of six members divided into three classes (three (3) Class I directors, two (2) Class II directors, one (1) Class III director) and two non-classified directors, Mark Tkach and Melvin Flanigan. As described in the Proxy Statement and pursuant to the Cooperation Agreement entered into by the Company with Messrs. Coulter and Tkach on June 30, 2023, the Board will appoint Mr. Tkach to Mr. Chesrown’s vacated Class III Board seat following the Annual Meeting. Board Change • Jul 02
High number of new directors There are 6 new directors who have joined the board in the last 3 years. Independent Director Mel Flanigan was the last director to join the board, commencing their role in 2023. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Board Change • Jun 23
Less than half of directors are independent Following the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 4 non-independent directors. Independent Director Shin Lee was the last independent director to join the board, commencing their role in 2022. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Announcement • May 18
William Coulter and Mark Tkach Criticize RumbleOn Board's Recent Decision to Accelerate Severance Payments On May 16, 2023, William Coulter and Mark Tkach sent a letter to RumbleOn, Inc.’s Board of Directors, criticizing the Board's recent decision to accelerate severance payments to former Director and Chief Operating Officer Peter Levy, and to shield those payments from accountability. Announcement • May 16
RumbleOn, Inc Provides Information to the Shareholders On May 15, 2023, RumbleOn, Inc announced that on May 11, 2023, the Board of Directors the Company appointed Steven J. Pully as a Class I director of the Company to fill the vacant seat created by Peter Levy’s resignation from the Board on May 9, 2023. The Board designated Mr. Pully as a Class I director to stand for re-election at the Company’s 2025 annual meeting of stockholders. The Board determined that Mr. Pully is an independent director and Mr. Pully will serve on the Board’s Audit Committee. Announcement • May 12
RumbleON, Inc. Announces Board Changes On May 10, 2023, RumbleOn, Inc. announced the departure of Peter Levy from his roles as President and Chief Operating Officer of the Company, effective as of May 9, 2023. On May 9, 2023, Adam Alexander and Michael Marchlik, each Class II directors of the Board, informed the Board of their intention not to stand for re-election at the Company’s upcoming 2023 annual meeting of stockholders. Mr. Alexander and Mr. Marchlik’s decision not to stand for re-election was not due to any disagreement with the Company on any matter relating to its operations, policies, or practices. On May 9, 2023, the Board appointed Becca Polak as a Class I director of the Company, to fill the vacant seat created by Denmar Dixon’s resignation from the Board on January 18, 2023. The Board designated Ms. Polak as a Class I director to stand for re-election at the Company’s 2025 annual meeting of stockholders. Announcement • May 11
RumbleON, Inc. Reaffirms Earnings Guidance for the Full Year 2023 RumbleON, Inc. reaffirmed earnings guidance for the full year 2023. For the year, the company expected total Powersports and Transportation Revenue of $1.4 billion to $1.6 billion, compared to Powersports and Transportation Revenue of $1.46 billion in 2022. Powersports GPU of approximately $5,700 compared to $6,159 in 2022. Reported Earnings • May 10
First quarter 2023 earnings released: US$1.04 loss per share (vs US$0.58 profit in 1Q 2022) First quarter 2023 results: US$1.04 loss per share (down from US$0.58 profit in 1Q 2022). Revenue: US$346.3m (down 25% from 1Q 2022). Net loss: US$16.9m (down 285% from profit in 1Q 2022). Revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 7.1% growth forecast for the Specialty Retail industry in Germany. Over the last 3 years on average, earnings per share has increased by 61% per year but the company’s share price has fallen by 6% per year, which means it is significantly lagging earnings. Announcement • May 04
RumbleON, Inc., Annual General Meeting, Jul 14, 2023 RumbleON, Inc., Annual General Meeting, Jul 14, 2023, at 08:00 Central Standard Time. Location: Field Support Center in Texas at 901 W Walnut Hill Lane, Irving, Texas 75038 Irving Texas United States Breakeven Date Change • Mar 17
Forecast breakeven date pushed back to 2024 The 4 analysts covering RumbleON previously expected the company to break even in 2023. New consensus forecast suggests losses will reduce by 97% to 2023. The company is expected to make a profit of US$7.87m in 2024. Average annual earnings growth of 107% is required to achieve expected profit on schedule. Valuation Update With 7 Day Price Move • Mar 13
Investor sentiment deteriorates as stock falls 18% After last week's 18% share price decline to €6.80, the stock trades at a forward P/E ratio of 6x. Average forward P/E is 20x in the Online Retail industry in Europe. Total loss to shareholders of 76% over the past year. Valuation Update With 7 Day Price Move • Jan 28
Investor sentiment improves as stock rises 21% After last week's 21% share price gain to €8.15, the stock trades at a forward P/E ratio of 6x. Average forward P/E is 17x in the Online Retail industry in Europe. Total loss to shareholders of 72% over the past year. Announcement • Jan 21
RumbleON, Inc. Appoints Blake Lawson as Chief Financial Officer On January 18, 2023, RumbleOn, Inc. appointed Blake Lawson as the Company's Chief Financial Officer, effective January 19, 2023 (the Effective Date). Mr. Lawson, 51, previously served as Chief Financial Officer for the RideNow group of powersports retailers, and the Coulter Automotive Group, since 2020. Before RideNow, Mr. Lawson served in several key financial roles, including Chief Financial Officer for American Powersports since 2011, Corporate Controller since 2006 and he began his powersports experience as a consultant and trainer for ADP Lightspeed" from 2001 through 2006. Mr. Lawson holds a Bachelor of Arts from the University of Utah, and a Master of Business Administration from the Thunderbird School of Global Management. Mr. Lawson has been a certified public accountant (CPA) since 2015. In his role as RumbleOn's Chief Financial Officer, Mr. Lawson will be responsible for leading RumbleOn's financial strategy, accounting, tax, treasury, planning & analysis, and finance operations. Valuation Update With 7 Day Price Move • Jan 05
Investor sentiment improved over the past week After last week's 16% share price gain to €6.75, the stock trades at a forward P/E ratio of 5x. Average forward P/E is 17x in the Online Retail industry in Europe. Total loss to shareholders of 81% over the past year. Valuation Update With 7 Day Price Move • Dec 21
Investor sentiment deteriorated over the past week After last week's 21% share price decline to €5.60, the stock trades at a forward P/E ratio of 4x. Average forward P/E is 17x in the Online Retail industry in Europe. Total loss to shareholders of 84% over the past year. Reported Earnings • Nov 10
Third quarter 2022 earnings released: EPS: US$0.095 (vs US$3.25 loss in 3Q 2021) Third quarter 2022 results: EPS: US$0.095 (up from US$3.25 loss in 3Q 2021). Revenue: US$470.3m (up 113% from 3Q 2021). Net income: US$3.04m (up US$25.6m from 3Q 2021). Profit margin: 0.6% (up from net loss in 3Q 2021). The move to profitability was driven by higher revenue. Revenue is forecast to grow 6.3% p.a. on average during the next 3 years, compared to a 16% growth forecast for the Online Retail industry in Germany. Announcement • Nov 10
Rumbleon, Inc. Revises Earnings Guidance for the Full Year 2022 RumbleON, Inc. Revised earnings guidance for the full year 2022. For the year, the company revises Revenue within the range of $1.85 billion to $1.90 billion. Valuation Update With 7 Day Price Move • Nov 01
Investor sentiment improved over the past week After last week's 15% share price gain to €15.90, the stock trades at a forward P/E ratio of 5x. Average forward P/E is 17x in the Online Retail industry in Europe. Total loss to shareholders of 54% over the past year. Announcement • Oct 20
RumbleON, Inc. to Report Q3, 2022 Results on Nov 09, 2022 RumbleON, Inc. announced that they will report Q3, 2022 results Pre-Market on Nov 09, 2022 Valuation Update With 7 Day Price Move • Sep 24
Investor sentiment deteriorated over the past week After last week's 18% share price decline to €18.80, the stock trades at a forward P/E ratio of 5x. Average forward P/E is 17x in the Online Retail industry in Europe. Total loss to shareholders of 36% over the past year. Valuation Update With 7 Day Price Move • Sep 03
Investor sentiment deteriorated over the past week After last week's 18% share price decline to €20.40, the stock trades at a forward P/E ratio of 6x. Average forward P/E is 17x in the Online Retail industry in Europe. Total loss to shareholders of 35% over the past year. Valuation Update With 7 Day Price Move • Aug 16
Investor sentiment improved over the past week After last week's 22% share price gain to €25.80, the stock trades at a forward P/E ratio of 8x. Average forward P/E is 16x in the Online Retail industry in Europe. Total loss to shareholders of 14% over the past year. Reported Earnings • Aug 10
Second quarter 2022 earnings released: EPS: US$0.87 (vs US$1.05 loss in 2Q 2021) Second quarter 2022 results: EPS: US$0.87 (up from US$1.05 loss in 2Q 2021). Revenue: US$546.1m (up 224% from 2Q 2021). Net income: US$14.0m (up US$17.4m from 2Q 2021). Profit margin: 2.6% (up from net loss in 2Q 2021). Over the next year, revenue is forecast to grow 24%, compared to a 32% growth forecast for the industry in Germany. Announcement • Aug 10
RumbleON, Inc. Reiterates Its Revenue Guidance for the Full Year 2022 RumbleON, Inc. reiterated its revenue guidance for the full year 2022. For the year, the company expects total revenue within the range of $1.9 billion to $2.0 billion. Announcement • Jul 20
RumbleON, Inc. to Report Q2, 2022 Results on Aug 09, 2022 RumbleON, Inc. announced that they will report Q2, 2022 results Pre-Market on Aug 09, 2022 Valuation Update With 7 Day Price Move • Jul 12
Investor sentiment improved over the past week After last week's 18% share price gain to €16.80, the stock trades at a forward P/E ratio of 5x. Average forward P/E is 17x in the Online Retail industry in Europe. Total loss to shareholders of 48% over the past year. Announcement • Jun 24
RumbleOn, Inc. Appoints Shin Lee to Board of Directors RumbleOn, Inc. announced the appointment of Ms. Shin Lee to its Board of Directors. Ms. Lee is a seasoned executive bringing nearly 20 years of experience from leading Fortune 500 companies including Block Inc., and Wells Fargo. Following the appointment of Ms. Lee, the Board is composed of seven directors, five of whom are independent. Ms. Lee will serve on the Board’s Nominating and Corporate Governance Committee and its Compensation Committee. Ms. Lee currently serves as the Chief of Staff of Square Financial Services, a bank newly established within Block, Inc., and is responsible for planning and mobilizing teams to execute the company’s top priorities. Before Block, Inc., Ms. Lee held a number of senior executive roles during her 18-year tenure at Wells Fargo. Her positions spanned risk management, governance, global expansion, and merger integration. Ms. Lee holds a Ph.D. in organizational psychology from Kansas State University, and an EMBA jointly awarded by NYU Stern, HEC School of Management, and the London School of Economics. Announcement • Jun 15
RumbleON, Inc., Annual General Meeting, Jun 14, 2022 RumbleON, Inc., Annual General Meeting, Jun 14, 2022. Announcement • May 12
Rumbleon, Inc. Provides Revenue Guidance for the Year 2022 RumbleON, Inc. provided revenue guidance for the year 2022. For the year, the company expects total revenue within the range of $1.9 to $2.0 billion. Announcement • Apr 20
RumbleON, Inc. to Report Q1, 2022 Results on May 10, 2022 RumbleON, Inc. announced that they will report Q1, 2022 results Pre-Market on May 10, 2022 Reported Earnings • Mar 17
Full year 2021 earnings: EPS in line with analyst expectations despite revenue beat Full year 2021 results: US$0.001 loss per share (up from US$11.44 loss in FY 2020). Revenue: US$934.7m (up 125% from FY 2020). Net loss: US$9.73m (loss narrowed 61% from FY 2020). Revenue exceeded analyst estimates by 10%. Over the next year, revenue is forecast to grow 108%, compared to a 43% growth forecast for the retail industry in Germany. Announcement • Feb 24
RumbleON, Inc. to Report Q4, 2021 Results on Mar 16, 2022 RumbleON, Inc. announced that they will report Q4, 2021 results Pre-Market on Mar 16, 2022 Announcement • Feb 15
RumbleON, Inc. Announces Management Changes RumbleON, Inc. unveiled a new unified management structure aimed at strengthening the customer experience and supporting future growth and drive long term improvements to the overall customer experience. RumbleOn has promoted Lyle Kramper as National Senior Vice President of Retail and Kristopher Price as National Director of Manufacturer Relations. As National Senior Vice President of Retail, Mr. Kramper will oversee a slate of Regional Directors who will lead the daily operations of multiple facilities based primarily on geographic location. RumbleOn also announced that RideNow’s co-founders, Mark Tkach and Bill Coulter, have stepped down from their positions with RumbleOn effective February 11, 2021. Mr. Tkach served as a director and RumbleOn’s Chief Operating Officer and Mr. Coulter served as Executive Vice Chairman of the Board. Peter Levy, RumbleOn’s President, has been appointed to succeed Mr. Tkach as RumbleOn’s Chief Operating Officer. Mr. Levy has been a member of RumbleOn’s senior management team since August of 2017. Announcement • Feb 06
RumbleON, Inc. Announces Resignation of Sam Dantzler as Board of Directors On February 4, 2022, Sam Dantzler resigned as a member of the board of directors of RumbleOn, Inc. Mr. Dantzler’s decision to step down resulted solely from potential conflicts with Mr. Dantzler’s powersports consulting business. The Board and its Nominating and Corporate Governance Committee have begun the process of identifying an appropriate independent candidate to fill the vacancy and expects to appoint a new independent director in the coming weeks. Announcement • Feb 02
RumbleON, Inc. Appoints Narinder Sahai as the Chief Financial Officer, with Effect from February 1, 2022 RumbleOn Inc. announced that Narinder Sahai has been appointed as the company's Chief Financial Officer. Mr. Sahai will serve as a member of the executive leadership team and report directly to RumbleOn's Chief Executive Officer, Marshall Chesrown, beginning February 1, 2022. Mr. Sahai is an accomplished finance and strategy executive bringing leadership experience from innovative hyper-growth and multi-billion-dollar companies. He has an impressive track record of success building and leading the finance teams at some of the largest organizations in the US. In his role as CFO at RumbleOn, Mr. Sahai will be responsible for leading RumbleOn's financial strategy, accounting, tax, treasury, planning &analysis, investor relations, and finance operations. Mr. Sahai comes to RumbleOn with more than 18 years of financial leadership experience at companies such as Amazon Web Services (AWS), Target Hospitality, and TechnipFMC. Most recently, Mr. Sahai headed Worldwide Go-To-Market Finance for Compute and AI/ML at AWS. Previously, Mr. Sahai was Senior Vice President, Treasurer and Investor Relations at Target Hospitality Corporation. Before joining Target Hospitality, Mr. Sahai held key global and regional financial leadership positions based in the Americas and Asia Pacific at TechnipFMC plc, FMC Technologies, Inc., and Delphi Corporation. Mr. Sahai holds an MBA from the Ross School of Business at the University of Michigan in Ann Arbor, Michigan, and a Bachelor's degree in Engineering from Thapar University in Patiala, India. Mr. Sahai is also a CFA charterholder. Announcement • Jan 04
RumbleON, Inc. (NasdaqCM:RMBL) acquired Powersports Dealership. RumbleON, Inc. (NasdaqCM:RMBL) agreed to acquire Powersports Dealership on September 20, 2021. The acquisition is expected to close early in the fourth quarter of 2021. As part of the acquisition, RumbleOn will acquire several manufacturer lines including Yamaha Powersports, Yamaha Marine and Boats, Yamaha PWC, Suzuki, Benelli, KTM, CFMoto, Zero Electric Motorcycles, Ranger Boats and Tidewater Boats.
RumbleON, Inc. (NasdaqCM:RMBL) completed the acquisition of Powersports Dealership on Jan 3, 2022. With the close of this acquisition, RumbleOn has extended its physical presence in Jacksonville, Florida, strengthening its omnichannel offering.