RumbleON Secures $10M Loan and Rebrands

RumbleON ( (RMBL) ) just unveiled an update.

On August 10, 2025, RumbleOn, Inc. secured $10 million in subordinated loans from Stone House Capital Management, Mark Tkach, and Bill Coulter to prepay outstanding principal amounts under its Credit Agreement. The company also amended its Credit Agreement to extend the maturity date of its term loan, reduce the interest rate, and add reporting covenants. Additionally, RumbleOn announced a rebranding initiative, changing its name to RideNow Group, Inc., relocating its headquarters to Chandler, Arizona, and changing its Nasdaq ticker symbol to ‘RDNW’, effective August 13, 2025. The company reported a decrease in revenue and a net loss for the second quarter of 2025, but noted improvements in adjusted EBITDA and a reduction in SG&A expenses.

The most recent analyst rating on (RMBL) stock is a Buy with a $5.50 price target. To see the full list of analyst forecasts on RumbleON stock, see the RMBL Stock Forecast page.

Spark’s Take on RMBL Stock

According to Spark, TipRanks’ AI Analyst, RMBL is a Neutral.

RumbleON’s overall score reflects significant financial challenges, with persistent net losses and declining revenue as major concerns. Despite some strategic progress noted in the earnings call and minor technical indicators suggesting a potential rebound, the negative valuation metrics and leverage issues weigh heavily on the stock’s score.

To see Spark’s full report on RMBL stock, click here.

More about RumbleON

RumbleOn, Inc., a company involved in the powersports industry, focuses on the sale of new and pre-owned powersports vehicles and related services. The company is undergoing a rebranding initiative to align with its roots as a leading powersports dealership group.

Average Trading Volume: 139,347

Technical Sentiment Signal: Sell

Current Market Cap: $75.72M

See more data about RMBL stock on TipRanks’ Stock Analysis page.