Wedbush Forecasts RumbleOn's Q1 Earnings (NASDAQ:RMBL)

RumbleOn, Inc. (NASDAQ:RMBL - Free Report) - Wedbush issued their Q1 2025 EPS estimates for shares of RumbleOn in a research note issued on Wednesday, March 12th. Wedbush analyst S. Basham expects that the company will earn ($0.26) per share for the quarter. Wedbush has a "Outperform" rating and a $5.00 price objective on the stock. The consensus estimate for RumbleOn's current full-year earnings is ($0.89) per share. Wedbush also issued estimates for RumbleOn's Q2 2025 earnings at $0.08 EPS, Q3 2025 earnings at ($0.11) EPS, Q4 2025 earnings at ($0.22) EPS, FY2025 earnings at ($0.51) EPS and FY2026 earnings at $0.05 EPS.

A number of other equities research analysts also recently weighed in on RMBL. Robert W. Baird cut their price target on shares of RumbleOn from $8.00 to $5.00 and set an "outperform" rating for the company in a report on Wednesday, March 12th. B. Riley downgraded RumbleOn from a "buy" rating to a "neutral" rating and set a $7.00 price objective on the stock. in a report on Friday, November 29th. Finally, DA Davidson cut their price objective on RumbleOn from $5.00 to $4.00 and set a "neutral" rating on the stock in a report on Wednesday, March 12th.

RumbleOn Price Performance

NASDAQ RMBL traded down $0.05 on Monday, reaching $3.49. The company's stock had a trading volume of 55,068 shares, compared to its average volume of 140,968. RumbleOn has a twelve month low of $3.13 and a twelve month high of $7.06. The company has a debt-to-equity ratio of 2.52, a quick ratio of 0.29 and a current ratio of 1.12. The stock has a market cap of $123.30 million, a PE ratio of -0.41 and a beta of 2.17. The firm's 50 day moving average is $4.19 and its two-hundred day moving average is $4.89.

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Institutional Trading of RumbleOn

Institutional investors and hedge funds have recently bought and sold shares of the stock. Empowered Funds LLC increased its holdings in shares of RumbleOn by 5.3% in the 3rd quarter. Empowered Funds LLC now owns 66,150 shares of the company's stock valued at $317,000 after purchasing an additional 3,350 shares during the period. Citigroup Inc. increased its holdings in shares of RumbleOn by 46,928.8% in the 3rd quarter. Citigroup Inc. now owns 1,701,503 shares of the company's stock valued at $8,150,000 after purchasing an additional 1,697,885 shares during the period. Barclays PLC increased its holdings in shares of RumbleOn by 278.7% in the 3rd quarter. Barclays PLC now owns 21,278 shares of the company's stock valued at $102,000 after purchasing an additional 15,660 shares during the period. SG Americas Securities LLC acquired a new position in shares of RumbleOn in the 4th quarter valued at about $58,000. Finally, JPMorgan Chase & Co. increased its holdings in shares of RumbleOn by 249.0% in the 3rd quarter. JPMorgan Chase & Co. now owns 23,879 shares of the company's stock valued at $114,000 after purchasing an additional 17,036 shares during the period. Institutional investors and hedge funds own 66.14% of the company's stock.

About RumbleOn

RumbleOn, Inc primarily operates as a powersports retailer in the United States. It operates in two segments, Powersports and Vehicle Transportation Services. The Powersports segment provides new and pre-owned motorcycles, all-terrain vehicles, utility terrain or side-by-side vehicles, personal watercraft, snowmobiles, and other powersports products.