What is Wedbush’s Forecast for RumbleOn Q1 Earnings?

RumbleOn, Inc. (NASDAQ:RMBL) – Equities research analysts at Wedbush issued their Q1 2025 earnings per share estimates for shares of RumbleOn in a report released on Wednesday, March 12th. Wedbush analyst S. Basham forecasts that the company will earn ($0.26) per share for the quarter. Wedbush 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.

Other research analysts also recently issued reports about the company. Robert W. Baird reduced their target price on RumbleOn from $8.00 to $5.00 and set an “outperform” rating for the company in a research note on Wednesday, March 12th. B. Riley downgraded 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. Finally, DA Davidson reduced their target price on RumbleOn from $5.00 to $4.00 and set a “neutral” rating for the company in a research note on Wednesday, March 12th.

RumbleOn Trading Down 5.8 %

RumbleOn stock opened at $3.43 on Monday. The company has a current ratio of 1.12, a quick ratio of 0.29 and a debt-to-equity ratio of 2.52. The firm has a market cap of $121.32 million, a PE ratio of -0.41 and a beta of 2.17. The stock’s 50 day simple moving average is $4.21 and its two-hundred day simple moving average is $4.89. RumbleOn has a 12 month low of $3.13 and a 12 month high of $7.06.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the company. Empowered Funds LLC raised its stake in RumbleOn by 5.3% in the 3rd quarter. Empowered Funds LLC now owns 66,150 shares of the company’s stock valued at $317,000 after purchasing an additional 3,350 shares during the last quarter. Citigroup Inc. raised its stake in RumbleOn by 46,928.8% in the 3rd quarter. Citigroup Inc. now owns 1,701,503 shares of the company’s stock valued at $8,150,000 after purchasing an additional 1,697,885 shares during the last quarter. Barclays PLC raised its stake in RumbleOn by 278.7% in 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 during the last quarter. SG Americas Securities LLC acquired a new position in RumbleOn in the 4th quarter valued at $58,000. Finally, JPMorgan Chase & Co. grew its holdings in RumbleOn by 249.0% in the 3rd quarter. JPMorgan Chase & Co. now owns 23,879 shares of the company’s stock valued at $114,000 after buying an additional 17,036 shares in the last quarter. 66.14% of the stock is owned by institutional investors and hedge funds.

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.