RideNow, Inc. (RDNW), the largest US powersports retailer, benefits from secular industry growth and strong operating leverage. RDNW posted robust 1Q26 results: revenue up 6.4% YoY, adjusted EBITDA up 32.9% YoY, and margin expansion driven by positive operating leverage. Valuation remains attractive at 14x forward EV/EBITDA, below recent highs, supporting a BUY rating amid improving fundamentals and index inclusion catalysts.
RideNow Group NASDAQ: RDNW reported higher first-quarter revenue and adjusted EBITDA as the powersports retailer continued to cite improving same-store sales and benefits from operational changes that management described as part of an ongoing turnaround effort.
RideNow Group, Inc. (RDNW) Q1 2026 Earnings Call Transcript
| Name | Quantity | Cost | Value | Profit ($) | Gain (%) |
|---|---|---|---|---|---|
| MSH Michelle S. Hickox FIRST FINANCIAL BANKSHARES Inc. | 100,339 | $282,956 | $588,488.23 | $305,532.23 | 107.98% |
Point72 Asset Management LP Point72 Asset Management LP | 29,249 | $168,574.39 | $171,545.38 | $2,970.99 | 1.76% |
| RF Rekah Franca Catalyst Funds Management Pty Ltd. | 16,082 | $113,539 | $94,320.93 | -$19,218.07 | -16.93% |
| SP Samantha Pierangeli City State Bank | 4,800 | $11,088 | $28,080 | $16,992 | 153.25% |
| DP Drew Phillips Fortitude Family Office LLC | 489 | $2,152 | $3,872.88 | $1,720.88 | 79.97% |
| Transportation Infrastructure Industry | Industrials Sector | Michael A. Quartieri CEO | NASDAQ (NMS) Exchange | 781386305 CUSIP |
| US Country | 1,928 Employees | - Last Dividend | 20 May 2020 Last Split | - IPO Date |
RumbleON, Inc. operates a technology-driven omnichannel platform focused on the aggregation and distribution of pre-owned vehicles within North America. The company has structured its operations into three distinct segments: Powersports, Automotive, and Vehicle Logistics. Each segment is tailored to meet the specific needs of its market, ensuring a comprehensive approach to vehicle sales and services. Initially incorporated in 2013, RumbleON rebranded from Smart Server, Inc. to its current name in February 2017. Based in Irving, Texas, RumbleON seeks to streamline both online and in-store experiences for dealers and consumers looking to engage in vehicle transactions.
The Powersports segment specializes in the distribution of motorcycles. By utilizing the omnichannel platform, RumbleON provides consumers with a seamless way to acquire both new and pre-owned motorcycles, catering to a diverse audience ranging from casual riders to enthusiasts.
Under the Automotive segment, RumbleON distributes a wide variety of cars and trucks. This includes offering an extensive selection of pre-owned vehicles, allowing customers to find the right vehicle while benefiting from competitive pricing and comprehensive financing options.
The Vehicle Logistics segment focuses on providing automotive transportation services that facilitate the movement of vehicles between dealerships and auctions. This service enhances the efficiency of the vehicle supply chain, ensuring timely deliveries and helping to streamline the purchasing process for both buyers and sellers.
RumbleON’s platform offers the ability to buy, sell, trade, and finance vehicles, empowering users to complete transactions seamlessly, whether online or in-store. This dual approach enables a greater reach, catering to the preferences of various consumers, while also supporting dealers in reaching their sales targets.
RumbleON provides accessible financing options for both dealers and consumers, making it easier for customers to purchase the vehicles they desire. This service includes various lending options to fit different financial situations, further enhancing the overall customer experience.