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RDNW

RumbleON Inc (RDNW) Stock Forecast & Price Target

RumbleON Inc (RDNW) Analyst Ratings

Based on 2 analyst ratings
Hold
Strong Buy 0%
Buy 0%
Hold 100%
Sell 0%
Strong Sell 0%

Bulls say

RideNow Group Inc has demonstrated a positive financial trajectory, with total powersports gross profit increasing by 7%, and gross profit per unit rising to $5,183, reflecting a robust demand for both new and used vehicles. The company reported a notable improvement in gross margins to 27.0%, buoyed by a rise in gross profit dollars of 11% for new vehicles and 12% for used vehicles, alongside managing inventory effectively with a 7% increase that aligns with same-store unit growth. Additionally, the reduction in senior secured net leverage to 3.3x highlights improved financial health, supporting a strong outlook for the company's future performance amidst rising consumer demand and macroeconomic stability.

Bears say

RideNow Group Inc is currently experiencing significant challenges within its vehicle transportation services business, evidenced by a 94% reduction in units and a corresponding 93% drop in revenues, reflecting ongoing transitions in the broker team. The company’s balance sheet reveals a concerning leverage position, with net debt at $189.3 million and a consolidated total net leverage of 3.5 times, which, while an improvement from the previous quarter, remains below the peer average and indicates financial strain. Moreover, total sales have decreased by 5% year-over-year to $281 million, alongside ongoing inventory tightness in the used vehicle markets, further contributing to the company's negative financial outlook.

RumbleON Inc (RDNW) has been analyzed by 2 analysts, with a consensus rating of Hold. 0% of analysts recommend a Strong Buy, 0% recommend Buy, 100% suggest Holding, 0% advise Selling, and 0% predict a Strong Sell.

This aggregate rating is based on analysts' research of RumbleON Inc and is not a guaranteed prediction by Public.com or investment advice.

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FAQs About RumbleON Inc (RDNW) Forecast

Analysts have given RumbleON Inc (RDNW) a Hold based on their latest research and market trends.

According to 2 analysts, RumbleON Inc (RDNW) has a Hold consensus rating as of Apr 16, 2026. This rating is provided by third-party analysts and is not investment advice from Public.com.

Wall Street analysts have set a price target of $6.50, reflecting a 0.00% increase from the current stock price.

Financial analysts have set a price target of $6.50, indicating a 0.00% increase from the current stock price, but ratings and forecasts are frequently updated based on market conditions, earnings reports, and industry trends. This prediction is provided by third-party analysts and is not investment advice from Public.com.

RumbleON Inc (RDNW)


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