Zacks: Analysts Anticipate RumbleON, Inc. (NASDAQ:RMBL) to Post $0.46 EPS

Brokerages expect that RumbleON, Inc. (NASDAQ:RMBL – Get Rating) will report $0.46 earnings per share for the current quarter, Zacks reports. Two analysts have provided estimates for RumbleON’s earnings. RumbleON reported earnings per share of ($1.54) during the same quarter last year, which would indicate a positive year-over-year growth rate of 129.9%. The firm is expected to issue its next quarterly earnings results on Monday, January 1st.

On average, analysts expect that RumbleON will report full-year earnings of $4.08 per share for the current year, with EPS estimates ranging from $3.40 to $4.75. For the next fiscal year, analysts forecast that the company will report earnings of $4.84 per share. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of sell-side research firms that follow RumbleON.

RumbleON (NASDAQ:RMBL – Get Rating) last posted its quarterly earnings data on Wednesday, March 16th. The company reported $0.63 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.35 by $0.28. The company had revenue of $440.91 million during the quarter, compared to analyst estimates of $402.61 million. RumbleON had a negative return on equity of 14.09% and a negative net margin of 1.04%. During the same quarter last year, the company earned ($2.43) EPS.

Several equities research analysts have weighed in on the company. Zacks Investment Research raised RumbleON from a “strong sell” rating to a “hold” rating in a research note on Thursday, January 20th. Robert W. Baird reduced their price target on RumbleON from $52.00 to $45.00 in a research report on Thursday, March 17th. Wedbush cut their target price on RumbleON from $55.00 to $40.00 and set an “outperform” rating on the stock in a research report on Tuesday, February 15th. Finally, DA Davidson lowered their price target on shares of RumbleON from $48.00 to $41.00 in a report on Thursday, March 17th. One analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Buy” and an average target price of $49.00.

A number of hedge funds have recently added to or reduced their stakes in RMBL. UBS Group AG increased its position in RumbleON by 816.8% during the third quarter. UBS Group AG now owns 871 shares of the company’s stock worth $34,000 after purchasing an additional 776 shares during the last quarter. Advisor Group Holdings Inc. boosted its stake in RumbleON by 1,812.0% in the third quarter. Advisor Group Holdings Inc. now owns 956 shares of the company’s stock valued at $37,000 after acquiring an additional 906 shares during the period. Citigroup Inc. bought a new stake in shares of RumbleON during the third quarter valued at approximately $48,000. Victory Capital Management Inc. bought a new stake in RumbleON during the third quarter worth approximately $96,000. Finally, Morgan Stanley raised its holdings in RumbleON by 99.8% during the first quarter. Morgan Stanley now owns 2,398 shares of the company’s stock worth $105,000 after purchasing an additional 1,198 shares in the last quarter. 45.75% of the stock is currently owned by hedge funds and other institutional investors.

NASDAQ RMBL opened at $23.16 on Wednesday. The company has a current ratio of 1.73, a quick ratio of 0.71 and a debt-to-equity ratio of 0.79. The business’s fifty day moving average is $30.75 and its 200 day moving average is $36.15. RumbleON has a fifty-two week low of $22.17 and a fifty-two week high of $48.45.

About RumbleON (Get Rating)

RumbleOn, Inc engages in the provision of motor vehicle dealer and e-commerce platforms. It operates through the following segments: Powersports, Automotive, and Vehicle Logistics and Transportation. The Powersports segment distributes pre-owned motorcycles and powersports vehicles. The Automotive segment focuses on the distribution of pre-owned cars and trucks.

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