NASDAQ$RDNW
RideNow Group Inc · Q3 2022 earnings
Q3 2022 earnings · · Investor relations
Briefing
Reported solid results driven by robust unit sales and GPU performance in the Powersports Segment.
RumbleOn reported Q3 2022 financial results with a total company revenue of $470.3 million and a gross profit of $116.3 million. The Powersports segment was a significant contributor, with revenue of $385.4 million. The company's net income was $3.0 million, with diluted earnings per share of $0.19. They also announced exploring strategic alternatives for the Automotive business.
- Total Company Revenue of $470.3 million and Gross Profit of $116.3 million were delivered.
- Total Unit Sales reached 19,908 across Powersports and Automotive Segments.
- Powersports Segment Revenue was $385.4 million, comprising 82% of Total Company Revenue.
- Net Income amounted to $3.0 million with Diluted Earnings per Share of $0.19.
Headline financials
Revenue & EPS history
RumbleON · Revenue · Quarterly
$470M
Revenue by segment
RumbleON · $260M total across 1 segment · Q1 2026
- Powersports Dealership Group$260M—100.0%
Forward guidance
RumbleOn revised its full year 2022 outlook with Total Company Revenue within the range of $1.85 to $1.90 billion and Adjusted EBITDA of at least $125 million.
Tailwinds
- Anticipate both sequential and year-over-year growth in Powersports and Vehicle Logistics Segments in the fourth quarter.
- Powersports Segment revenue of at least $1.50 billion.
- Growth in Used Retail Powersports Units to be in excess of 50% year-over-year.
- Low single-digit decline in New Powersports Units year-over-year.
- RumbleOn has a durable business model with unique advantages enabling us to continue to deliver revenue growth and profitability, with strong unit economics, and robust cash generation
Headwinds
- Activity around Automotive will be muted for the remainder of the year.
- Expect sequential declines in unit volumes and revenue in the Automotive segment.
- Non-Powersports Segments (Automotive & Vehicle Logistics) revenue within the range of $350 to $400 million driven by anticipated volume declines in the Automotive Segment.
- Due to expected lower realized gross margin in the Automotive Segment and anticipated modest gross margin compression in the Powersports Segment.
- Continued expectation of ongoing organic investments and integration costs resulting in no SG&A leverage for the remainder of this year.
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 2022
+2.1%
Avg return
Earnings day
+2.9%
Avg return
5 days after
+4.1%
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% | — | |
| 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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