Wedbush Comments on RumbleOn’s Q1 Earnings (NASDAQ:RMBL)

RumbleOn, Inc. (NASDAQ:RMBL) – Equities researchers at Wedbush issued their Q1 2025 earnings estimates for RumbleOn in a note issued to investors on Wednesday, March 12th. Wedbush analyst S. Basham anticipates that the company will post earnings of ($0.26) per share for the quarter. Wedbush currently has a “Outperform” rating and a $5.00 target price 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.

Several other equities analysts have also commented on the stock. B. Riley lowered shares of RumbleOn from a “buy” rating to a “neutral” rating and set a $7.00 target price on the stock. in a report on Friday, November 29th. DA Davidson reduced their price objective on shares of RumbleOn from $5.00 to $4.00 and set a “neutral” rating on the stock in a research report on Wednesday, March 12th. Finally, Robert W. Baird decreased their price objective on RumbleOn from $8.00 to $5.00 and set an “outperform” rating for the company in a report on Wednesday, March 12th.

RumbleOn Price Performance

Shares of NASDAQ RMBL opened at $3.64 on Monday. RumbleOn has a twelve month low of $3.13 and a twelve 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 capitalization of $128.75 million, a P/E ratio of -0.43 and a beta of 2.17. The stock’s 50-day simple moving average is $4.24 and its two-hundred day simple moving average is $4.90.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the stock. Boothbay Fund Management LLC purchased a new stake in RumbleOn in the fourth quarter worth approximately $55,000. Wells Fargo & Company MN boosted 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. SG Americas Securities LLC purchased a new position in shares of RumbleOn in the 4th quarter worth $58,000. PharVision Advisers LLC bought a new stake in shares of RumbleOn in the fourth quarter worth $114,000. Finally, Barclays PLC increased its position in RumbleOn by 278.7% during the third 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 last quarter. 66.14% of the stock is owned by hedge funds and other 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.