NASDAQ$RDNW
RideNow Group Inc · Q3 2021 earnings
Q3 2021 earnings · · Investor relations
Briefing
Reported financial results for the third quarter of 2021 and increased guidance for full year 2021.
RumbleOn's Q3 results showed a proforma revenue of $392 million, a total gross profit of $89.4 million, and an Adjusted EBITDA of $23.6 million, based on a net income of $(22.5) million. Used retail unit sales were up 53% year-over-year. The company is increasing its full year 2021 revenue and adjusted EBITDA guidance ranges by approximately 5% at the midpoint.
- Delivered $392 million in revenue on a proforma basis.
- Achieved $89.4 million in total gross profit on a proforma basis.
- Reported $23.6 million in Adjusted EBITDA on a proforma basis.
- Used retail unit sales were up 53% year-over-year in Q3.
Headline financials
Revenue & EPS history
RumbleON · Revenue · Quarterly
$221M
Revenue by segment
RumbleON · $80.4M total across 1 segment · Q3 2021
- Powersports Dealership Group$80.4M+1000.9%100.0%
Forward guidance
RumbleOn is increasing its prior full year 2021 revenue and adjusted EBITDA guidance ranges by approximately 5% at the midpoint. Looking ahead to 2022, RumbleOn expects to deliver year-over-year revenue and adjusted EBITDA growth in the range of 10-15% on an organic basis.
Tailwinds
- Confident in ability to exceed milestones and financial targets for the year.
- Executing on strategic objectives.
- Excited to share preliminary expectations for 2022.
- Expects to deliver year-over-year revenue and adjusted EBITDA growth in the range of 10-15% on an organic basis in 2022.
- Anticipates incremental upside to its growth projections from both pending and potential future acquisitions.
Headwinds
- Industrywide, the fourth quarter is the tightest quarter in regards to new inventory due to manufacturer shutdowns during the holidays.
- Net income of $(22.5 million) includes $25.5 million in transaction related costs and compensation expenses.
- Q3 2021 Adjusted EBITDA of $3.6 million compared to $4.7 million in Q3 2020.
- Q3 2021 net income of ($22.5 million) compared to $1.5 million in Q3 2020.
- Total positive Adjusted EBITDA of $23.6 million based on net income of $(22.5) million, as compared to $25.8 million based on net income of $9.7 million in Q3 2020.
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 Q3 2021
+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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