NASDAQ$RDNW
RideNow Group Inc · Q4 2022 earnings
Q4 2022 earnings · · Investor relations
Briefing
RumbleOn's Q4 2022 results reflected actions to position the business for 2023 and beyond, with a focus on addressing macroeconomic uncertainties and building a foundation for long-term profitable growth.
RumbleOn's Q4 2022 saw a net loss of $(287.7) million, impacted by a $350.3 million non-cash impairment charge. Total revenue was $369.5 million, with the Powersports segment contributing 87%. The company focused on financial health, paying down $15 million in debt and engaging JP Morgan to review balance sheet initiatives.
- Total unit sales reached 18,419 across Powersports and Automotive segments.
- Powersports segment revenue was $320.5 million, comprising 87% of total company revenue.
- Net loss was $(287.7) million, including a $350.3 million pre-tax non-cash impairment charge.
- Adjusted EBITDA was $18.7 million, impacted by lower gross profit contribution from the Automotive segment and modest gross margin compression in the Powersports segment.
Headline financials
Revenue & EPS history
RumbleON · Revenue · Quarterly
$370M
Revenue by segment
RumbleON · $321M total across 1 segment · Q4 2022
- Powersports Dealership Group$321M—100.0%
Forward guidance
RumbleOn provided its outlook for the full year 2023, anticipating total Powersports and Transportation Revenue of $1.4 billion to $1.6 billion and Adjusted EBITDA of $95 million to $105 million.
Tailwinds
- Combined Powersports new and used retail unit growth of approximately 5%.
- The $15 million SG&A reductions will begin to benefit our business in early 2023.
- Total Powersports and Transportation Revenue of $1.4 billion to $1.6 billion
- Adjusted EBITDA of $95 million to $105 million
Headwinds
- We expect continued gross margin pressure in the first half as new unit supply imbalances normalize.
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 Q4 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 | — | — | — |
Discussion
Share your read of this quarter. Sign-in carries your eToro identity.
Join the conversation
Sign in with eToro to post your read of this quarter and vote on others'.
Sign in with eToro