NASDAQ$RDNW
RideNow Group Inc · Q1 2020 earnings
Q1 2020 earnings · · Investor relations
Briefing
Reported a 13.8% quarter-over-quarter revenue increase, demonstrating progress towards profitability.
RumbleOn reported a revenue of $144.4 million, a 13.8% increase from Q4 2019. The company experienced imbalances in supply and demand starting in March due to the pandemic. RumbleOn took action to protect its business through prudent management of its financial resources. They are focused on the launch of the third generation of RumbleOn.com in Q3.
- Total revenue was $144.4 million, up 13.8% from Q4 of 2019.
- Powersports revenue was $23.1 million, up 39.2% from Q4 of 2019.
- Automotive revenue was $114.2 million, up 8.6% from Q4 of 2019.
- Transportation revenue was $7.1 million, up 37.4% from Q4 of 2019.
Headline financials
Revenue & EPS history
RumbleON · Revenue · Quarterly
$144M
Revenue by segment
RumbleON · $30.2M total across 2 segments · Q1 2020
- Powersports Dealership Group$23.1M-14.1%76.6%
- Vehicle Transportation$7.09M+32.7%23.4%
Forward guidance
RumbleOn experienced the bottom of the downturn in mid-April and is expecting a 26% increase in month-over-month unit sales in June as compared to April. The company expects continued fluctuations in market trends and doesn't anticipate sales level getting completely back to normal until potentially late in the year or early 2021.
Tailwinds
- The velocity of the rebound in May and thus far through June has been higher than expected.
- Acquisition of inventory has accelerated.
- In May, unit sales increased more than 22% from April’s lows.
- Preliminary results for the month of June show the highest gross margin on units sold in the Company’s history.
- Significant operating income improvement from prior periods.
Headwinds
- RumbleOn experienced the bottom of the downturn in mid-April.
- Largest unit sales decline during the quarter.
- Lowest level of inventory acquisition during the quarter.
- Expect continued fluctuations in market trends that will impact our business throughout the remainder of this year.
- Don't anticipate sales level getting completely back to normal until potentially late in the year or early 2021.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 19 quarterly earnings reports · overlaid with Q1 2020
+2.1%
Avg return
Earnings day
+2.9%
Avg return
5 days after
+3.9%
Avg return
30 days after
39%
15 / 38 earnings
Positive
+61.0%
Q2 2025
Best reaction
-38.1%
Q3 2022
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | +0.5% | -3.7% | -0.9% | |
| Q4 2025 | -7.3% | -9.7% | +0.4% | |
| Q3 2025 | +0.6% | +34.1% | +62.8% | |
| Q2 2025 | +61.0% | +48.0% | +111.0% | |
| Q1 2025 | -7.7% | -3.0% | -32.2% | |
| Q4 2024 | -5.5% | -6.8% | -34.2% | |
| Q3 2024 | -9.2% | -3.3% | +10.7% | |
| Q2 2024 | -2.5% | -5.0% | +2.5% | |
| Q1 2024 | +26.2% | +24.5% | +13.1% | |
| Q4 2023 | -25.6% | -16.9% | -20.4% | |
| Q3 2023 | -2.8% | -11.2% | -15.6% | |
| Q2 2023 | -20.8% | -30.3% | -39.0% | |
| Q1 2023 | +21.3% | +24.3% | +60.8% | |
| Q4 2022 | -0.3% | +1.1% | +8.1% | |
| Q3 2022 | -38.1% | -43.9% | -53.3% | |
| Q2 2022 | +21.9% | +29.8% | +10.5% | |
| Q1 2022 | -3.1% | +14.6% | +16.5% | |
| Q4 2021 | +23.6% | +28.5% | -19.5% | |
| Q3 2021 | -11.1% | -14.4% | -22.7% | |
| Q2 2021 | -6.4% | -11.0% | -10.0% | |
| Q1 2021 | +10.4% | +7.3% | +2.3% | |
| Q4 2020 | +35.4% | +43.8% | -2.1% | |
| Q3 2020 | -1.2% | -11.6% | -21.2% | |
| Q2 2020 | +38.1% | +55.9% | +49.2% | |
| Q1 2020 | -4.1% | -10.5% | +106.0% | |
| Q4 2019 | +15.5% | +10.1% | +34.4% | |
| Q3 2019 | -34.2% | -25.5% | -64.7% | |
| Q2 2019 | -3.6% | -14.8% | -31.2% | |
| Q1 2019 | +0.0% | -4.1% | -9.1% | |
| Q4 2018 | -6.4% | -12.3% | -8.6% | |
| Q3 2018 | +3.2% | +7.9% | -5.7% | |
| Q2 2018 | -1.3% | -3.4% | +9.1% | |
| Q1 2018 | -6.2% | -3.5% | -10.0% | |
| Q4 2017 | +5.2% | +7.9% | +2.7% | |
| Q4 2016 | +5.2% | +7.9% | +2.7% | |
| Q3 2017 | -4.7% | -4.7% | +2.8% | |
| Q2 2017 | +0.0% | +0.0% | +14.3% | |
| Q1 2017 | +15.0% | +15.0% | +30.0% | |
| Q3 2016 | — | — | — | |
| Q2 2016 | — | — | — | |
| Q1 2016 | — | — | — | |
| Q4 2015 | — | — | — | |
| Q3 2015 | — | — | — | |
| Q2 2015 | — | — | — | |
| Q1 2015 | — | — | — | |
| Q4 2014 | — | — | — | |
| Q3 2014 | — | — | — | |
| Q2 2014 | — | — | — | |
| Q1 2014 | — | — | — |
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