B. Riley Has Lowered Expectations for RumbleOn (NASDAQ:RMBL) Stock Price

RumbleOn (NASDAQ:RMBL) had its price objective lowered by B. Riley from $9.00 to $7.00 in a report released on Wednesday morning,Benzinga reports. The brokerage currently has a buy rating on the stock. B. Riley also issued estimates for RumbleOn’s Q4 2024 earnings at ($0.22) EPS, FY2024 earnings at ($0.85) EPS, Q1 2025 earnings at ($0.09) EPS, Q2 2025 earnings at $0.26 EPS, Q3 2025 earnings at ($0.03) EPS, Q4 2025 earnings at ($0.01) EPS, FY2025 earnings at $0.14 EPS, Q1 2026 earnings at $0.07 EPS, Q2 2026 earnings at $0.34 EPS, Q3 2026 earnings at $0.03 EPS and FY2026 earnings at $0.48 EPS.

Separately, Wedbush lowered their price objective on shares of RumbleOn from $7.00 to $5.00 and set an “outperform” rating for the company in a research report on Thursday, August 8th.

RumbleOn Price Performance

NASDAQ:RMBL opened at $5.49 on Wednesday. The business’s 50-day moving average is $4.91 and its 200 day moving average is $4.77. RumbleOn has a 12 month low of $3.13 and a 12 month high of $8.84. The company has a market capitalization of $193.92 million, a P/E ratio of -0.65 and a beta of 2.08. The company has a current ratio of 1.12, a quick ratio of 0.27 and a debt-to-equity ratio of 2.23.

RumbleOn (NASDAQ:RMBL) last issued its quarterly earnings data on Tuesday, November 12th. The company reported ($0.32) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.10) by ($0.22). RumbleOn had a negative return on equity of 118.07% and a negative net margin of 15.25%. The firm had revenue of $295.00 million for the quarter, compared to analysts’ expectations of $302.76 million. During the same period last year, the company earned ($0.71) earnings per share. On average, equities research analysts forecast that RumbleOn will post -0.55 earnings per share for the current fiscal year.

Institutional Trading of RumbleOn

A number of institutional investors have recently bought and sold shares of the stock. Rhumbline Advisers lifted its stake in RumbleOn by 3,910.5% in the second quarter. Rhumbline Advisers now owns 19,772 shares of the company’s stock worth $81,000 after purchasing an additional 19,279 shares during the last quarter. Virtu Financial LLC bought a new stake in shares of RumbleOn during the 1st quarter worth approximately $90,000. Barclays PLC boosted its holdings in RumbleOn by 278.7% during the 3rd quarter. Barclays PLC now owns 21,278 shares of the company’s stock valued at $102,000 after acquiring an additional 15,660 shares during the period. Dimensional Fund Advisors LP grew its position in RumbleOn by 35.9% in the 2nd quarter. Dimensional Fund Advisors LP now owns 29,182 shares of the company’s stock valued at $120,000 after acquiring an additional 7,704 shares during the last quarter. Finally, Magnus Financial Group LLC purchased a new stake in RumbleOn in the second quarter worth $127,000. 66.14% of the stock is currently owned by institutional investors.

RumbleOn Company Profile

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.