FY2027 Earnings Forecast for RumbleOn Issued By Wedbush

RumbleOn, Inc. (NASDAQ:RMBL) – Equities researchers at Wedbush issued their FY2027 earnings per share (EPS) estimates for RumbleOn in a research report issued on Wednesday, March 12th. Wedbush analyst S. Basham expects that the company will post earnings of $0.70 per share for the year. Wedbush has a “Outperform” rating and a $5.00 price target on the stock. The consensus estimate for RumbleOn’s current full-year earnings is ($0.89) per share.

Several other equities research analysts have also issued reports on RMBL. Robert W. Baird dropped their price target on RumbleOn from $8.00 to $5.00 and set an “outperform” rating for the company in a research note on Wednesday. B. Riley lowered RumbleOn from a “buy” rating to a “neutral” rating and set a $7.00 target price for the company. in a research note on Friday, November 29th. Finally, DA Davidson lowered their price target on RumbleOn from $5.00 to $4.00 and set a “neutral” rating for the company in a research report on Wednesday.

RumbleOn Price Performance

RumbleOn stock opened at $3.54 on Friday. RumbleOn has a 52 week low of $3.13 and a 52 week high of $7.06. The business has a 50-day simple moving average of $4.28 and a 200 day simple moving average of $4.90. The company has a quick ratio of 0.29, a current ratio of 1.12 and a debt-to-equity ratio of 2.52. The stock has a market cap of $125.21 million, a price-to-earnings ratio of -0.42 and a beta of 2.17.

Institutional Trading of RumbleOn

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Wells Fargo & Company MN grew its stake in shares of RumbleOn by 36.4% in the 4th quarter. Wells Fargo & Company MN now owns 10,084 shares of the company’s stock worth $55,000 after buying an additional 2,689 shares during the last quarter. State Street Corp lifted its holdings in shares of RumbleOn by 1.7% during the 3rd quarter. State Street Corp now owns 181,190 shares of the company’s stock valued at $868,000 after buying an additional 3,061 shares during the period. Empowered Funds LLC raised its holdings in RumbleOn by 5.3% in the 3rd quarter. Empowered Funds LLC now owns 66,150 shares of the company’s stock worth $317,000 after purchasing an additional 3,350 shares during the period. Barclays PLC raised its holdings in RumbleOn by 21.2% in the 4th quarter. Barclays PLC now owns 25,787 shares of the company’s stock worth $140,000 after purchasing an additional 4,509 shares during the period. Finally, Bank of New York Mellon Corp raised its holdings in RumbleOn by 18.8% in the 4th quarter. Bank of New York Mellon Corp now owns 38,380 shares of the company’s stock worth $208,000 after purchasing an additional 6,084 shares during the period. Hedge funds and other institutional investors own 66.14% of the company’s stock.

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.