What is Wedbush’s Forecast for RumbleOn FY2027 Earnings?

RumbleOn, Inc. (NASDAQ:RMBL) – Equities research analysts at Wedbush issued their FY2027 earnings estimates for RumbleOn in a report issued on Wednesday, March 12th. Wedbush analyst S. Basham expects that the company will post earnings per share of $0.70 for the year. Wedbush currently has a “Outperform” rating and a $5.00 target price on the stock. The consensus estimate for RumbleOn’s current full-year earnings is ($0.89) per share.

A number of other brokerages have also weighed in on RMBL. B. Riley lowered RumbleOn from a “buy” rating to a “neutral” rating and set a $7.00 target price for the company. in a research note on Friday, November 29th. DA Davidson lowered their price objective on shares of RumbleOn from $5.00 to $4.00 and set a “neutral” rating for the company in a research report on Wednesday. Finally, Robert W. Baird reduced their target price on shares of RumbleOn from $8.00 to $5.00 and set an “outperform” rating on the stock in a research report on Wednesday.

RumbleOn Trading Down 0.3 %

RMBL stock opened at $3.54 on Friday. The business has a fifty day moving average price of $4.28 and a 200 day moving average price of $4.91. The company has a debt-to-equity ratio of 2.52, a current ratio of 1.12 and a quick ratio of 0.29. RumbleOn has a fifty-two week low of $3.13 and a fifty-two week high of $7.06. The stock has a market capitalization of $125.21 million, a price-to-earnings ratio of -0.42 and a beta of 2.17.

Hedge Funds Weigh In On RumbleOn

Hedge funds have recently added to or reduced their stakes in the company. Empowered Funds LLC raised its holdings in RumbleOn by 5.3% during the 3rd quarter. Empowered Funds LLC now owns 66,150 shares of the company’s stock worth $317,000 after purchasing an additional 3,350 shares during the last quarter. Citigroup Inc. grew its position in shares of RumbleOn by 46,928.8% during the 3rd quarter. Citigroup Inc. now owns 1,701,503 shares of the company’s stock worth $8,150,000 after buying an additional 1,697,885 shares during the period. State Street Corp raised its stake in shares of RumbleOn by 1.7% during the third quarter. State Street Corp now owns 181,190 shares of the company’s stock worth $868,000 after buying an additional 3,061 shares during the last quarter. Barclays PLC lifted its holdings in RumbleOn by 278.7% in the third quarter. Barclays PLC now owns 21,278 shares of the company’s stock valued at $102,000 after buying an additional 15,660 shares during the period. Finally, Geode Capital Management LLC boosted its stake in RumbleOn by 8.7% in the third quarter. Geode Capital Management LLC now owns 442,328 shares of the company’s stock valued at $2,119,000 after acquiring an additional 35,536 shares during the last quarter. Institutional investors own 66.14% of the company’s stock.

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.