Wedbush Estimates RumbleOn’s Q1 Earnings (NASDAQ:RMBL)

RumbleOn, Inc. (NASDAQ:RMBL) – Equities researchers at Wedbush issued their Q1 2025 earnings estimates for shares of RumbleOn in a research note issued to investors on Wednesday, March 12th. Wedbush analyst S. Basham anticipates that the company will post earnings per share of ($0.26) for the quarter. Wedbush currently has a “Outperform” rating and a $5.00 price objective on the stock. The consensus estimate for RumbleOn’s current full-year earnings is ($0.89) per share. Wedbush also issued estimates for RumbleOn’s Q2 2025 earnings at $0.08 EPS, Q3 2025 earnings at ($0.11) EPS, Q4 2025 earnings at ($0.22) EPS, FY2025 earnings at ($0.51) EPS and FY2026 earnings at $0.05 EPS.

Several other equities analysts have also recently commented on RMBL. Robert W. Baird dropped 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, March 12th. DA Davidson lowered their price target on shares of RumbleOn from $5.00 to $4.00 and set a “neutral” rating on the stock in a report on Wednesday, March 12th. Finally, B. Riley cut shares of RumbleOn from a “buy” rating to a “neutral” rating and set a $7.00 price target on the stock. in a report on Friday, November 29th.

RumbleOn Price Performance

RumbleOn stock opened at $3.54 on Monday. RumbleOn has a 52 week low of $3.13 and a 52 week high of $7.06. The company’s 50 day moving average price is $4.28 and its two-hundred day moving average price is $4.91. The company has a quick ratio of 0.29, a current ratio of 1.12 and a debt-to-equity ratio of 2.52. The stock has a market cap of $125.21 million, a P/E ratio of -0.42 and a beta of 2.17.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the business. Boothbay Fund Management LLC purchased a new position in RumbleOn in the 4th quarter valued at approximately $55,000. Wells Fargo & Company MN grew its stake in RumbleOn by 36.4% in the 4th quarter. Wells Fargo & Company MN now owns 10,084 shares of the company’s stock valued at $55,000 after buying an additional 2,689 shares in the last quarter. SG Americas Securities LLC purchased a new position in RumbleOn in the 4th quarter valued at approximately $58,000. Barclays PLC grew its position in shares of RumbleOn by 278.7% during the 3rd quarter. Barclays PLC now owns 21,278 shares of the company’s stock valued at $102,000 after purchasing an additional 15,660 shares in the last quarter. Finally, JPMorgan Chase & Co. grew its position in shares of RumbleOn by 249.0% during the 3rd quarter. JPMorgan Chase & Co. now owns 23,879 shares of the company’s stock valued at $114,000 after purchasing an additional 17,036 shares in the last quarter. 66.14% of the stock is currently owned by hedge funds and other institutional investors.

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.