FY2027 Earnings Forecast for RumbleOn Issued By Wedbush

RumbleOn, Inc. (NASDAQ:RMBL) – Research analysts at Wedbush issued their FY2027 earnings per share (EPS) estimates for shares of RumbleOn in a note issued to investors on Wednesday, March 12th. Wedbush analyst S. Basham expects that the company will earn $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.

A number of other brokerages have also issued reports on RMBL. Robert W. Baird dropped their target price on shares of RumbleOn from $8.00 to $5.00 and set an “outperform” rating on the stock in a research report on Wednesday. DA Davidson cut their price objective on shares of RumbleOn from $5.00 to $4.00 and set a “neutral” rating for the company in a research report on Wednesday. Finally, B. Riley cut shares of 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.

RumbleOn Stock Down 0.3 %

Shares of RMBL stock opened at $3.54 on Friday. RumbleOn has a 12 month low of $3.13 and a 12 month high of $7.06. 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 firm has a market cap of $125.21 million, a PE ratio of -0.42 and a beta of 2.17. The stock has a 50 day moving average of $4.28 and a 200-day moving average of $4.91.

Institutional Investors Weigh In On RumbleOn

Several institutional investors and hedge funds have recently bought and sold shares of RMBL. Empowered Funds LLC boosted its position in shares of RumbleOn by 5.3% during the 3rd quarter. Empowered Funds LLC now owns 66,150 shares of the company’s stock valued at $317,000 after acquiring an additional 3,350 shares in the last quarter. Citigroup Inc. lifted its stake in RumbleOn by 46,928.8% during the third quarter. Citigroup Inc. now owns 1,701,503 shares of the company’s stock worth $8,150,000 after purchasing an additional 1,697,885 shares during the period. State Street Corp boosted its holdings in RumbleOn by 1.7% during the third quarter. State Street Corp now owns 181,190 shares of the company’s stock valued at $868,000 after purchasing an additional 3,061 shares in the last quarter. Barclays PLC grew its stake 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. Finally, Geode Capital Management LLC raised its holdings in shares of RumbleOn by 8.7% in the 3rd quarter. Geode Capital Management LLC now owns 442,328 shares of the company’s stock worth $2,119,000 after buying an additional 35,536 shares in the last quarter. Institutional investors 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.