The earnings call reflected a mixed sentiment. While the company made significant progress in inventory reduction, cost optimization, and secured capital support for debt refinancing, it faced challenges with declining revenue, EBITDA, and powersports sales. The strategic efforts and financial stability highlight positive steps, but the downturn in sales and margins pose concerns.

Company Guidance

During the Q3 2024 earnings call for RumbleOn, the company provided guidance and several key metrics. They announced $30 million in incremental capital commitments from their three largest shareholders to enable full repayment of convertible notes due on January 1, 2025, aiding in the company's refinancing efforts. RumbleOn aims to reduce new inventories by $50 million for 2024 and reported a 53.8% reduction in total inventory as of September compared to the previous year. They achieved $30 million in annualized cost savings and improved adjusted SG&A as a percent of gross profit to 86% from 89% the previous year. The company also highlighted a 75 basis point reduction in Federal Reserve interest rates, projecting a $3 million cash interest expense saving in 2025, and reaffirmed their Vision 2026 targets, including annual revenue exceeding $1.7 billion.

Debt Refinancing and Capital Support

RumbleOn engaged an investment bank to explore refinancing of the company's debt and announced $30 million in incremental capital commitments from the three largest shareholders, including a $10 million fully backstopped equity rights offering.

Inventory Reduction Success

Achieved a 53.8% reduction in total inventory as of September compared to the prior year, indicating significant progress towards the goal of reducing new inventories by $50 million for the full year.

Cost Optimization Achievements

Fully executed on $30 million of annualized cost savings announced in Q2, with adjusted SG&A as a percent of gross profit improving to 86% from 89% last year.

M&A Strategy and Northeast Expansion

Acquired a Harley-Davidson dealership in West Bridgewater, Massachusetts, showcasing growth via acquisitions and alignment with OEM partners.

Strong Cash Position and Liquidity

Ended the quarter with $66.7 million in total cash, with total available liquidity of $188.2 million.

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RumbleON (RMBL) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

Daily Earnings Calendar >

RMBL Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Jul 26, 2018	2018 (Q2)	- / -7.20	-3.8	-89.47% (-3.40)	―	―
Nov 14, 2018	2018 (Q3)	- / -9.20	-4.6	-100.00% (-4.60)	―	―
Mar 27, 2019	2018 (Q4)	- / -12.00	-5.6	-114.29% (-6.40)	―	―
May 13, 2019	2019 (Q1)	- / -8.00	-5.6	-42.86% (-2.40)	―	―
Aug 13, 2019	2019 (Q2)	- / -11.60	-7.2	-61.11% (-4.40)	―	―
Nov 13, 2019	2019 (Q3)	- / -7.60	-9.2	17.39% (+1.60)	―	―
Mar 30, 2020	2019 (Q4)	- / -0.64	-12	94.67% (+11.36)	―	―
Jun 29, 2020	2020 (Q1)	- / -10.77	-8	-34.62% (-2.77)	―	―
Aug 14, 2020	2020 (Q2)	- / 0.47	-11.6	104.05% (+12.07)	―	―
Nov 10, 2020	2020 (Q3)	- / 0.67	-7.6	108.82% (+8.27)	―	―

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat

Missed

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RMBL Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Nov 12, 2024	$5.68	$4.96	-12.68%
Aug 07, 2024	$3.60	$3.40	-5.56%
May 08, 2024	$4.89	$5.45	+11.45%
Mar 14, 2024	$7.10	$5.00	-29.58%

Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.

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