RumbleOn (NASDAQ:RMBL) Announces Earnings Results, Misses Expectations By $0.22 EPS

RumbleOn (NASDAQ:RMBL) posted its quarterly earnings results on Tuesday. The company reported ($0.48) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.26) by ($0.22), Zacks reports. RumbleOn had a negative return on equity of 122.45% and a negative net margin of 15.25%.

RumbleOn Stock Performance

RumbleOn stock opened at $3.80 on Tuesday. RumbleOn has a 12-month low of $3.13 and a 12-month high of $7.69. The company has a market capitalization of $134.41 million, a price-to-earnings ratio of -0.45 and a beta of 2.17. The company has a debt-to-equity ratio of 2.52, a current ratio of 1.12 and a quick ratio of 0.29. The firm’s fifty day moving average price is $4.41 and its 200 day moving average price is $4.94.

Wall Street Analysts Forecast Growth

RMBL has been the topic of a number of recent analyst reports. DA Davidson reaffirmed a “neutral” rating and set a $5.00 price target (down previously from $7.50) on shares of RumbleOn in a research note on Tuesday, January 14th. B. Riley downgraded shares of RumbleOn from a “buy” rating to a “neutral” rating and set a $7.00 target price on the stock. in a research note on Friday, November 29th.

About RumbleOn

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.