RumbleON (RMBL) Set to Announce Quarterly Earnings on Tuesday

RumbleON (NASDAQ:RMBLGet Rating) will announce its earnings results before the market opens on Tuesday, May 10th. Analysts expect the company to announce earnings of $0.46 per share for the quarter. Investors that wish to register for the company’s conference call can do so using this link.

RumbleON (NASDAQ:RMBLGet Rating) last released its earnings results on Wednesday, March 16th. The company reported $0.63 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.35 by $0.28. RumbleON had a negative net margin of 1.04% and a negative return on equity of 9.55%. The company had revenue of $440.91 million for the quarter, compared to analyst estimates of $402.61 million. During the same quarter last year, the firm earned ($2.43) EPS. On average, analysts expect RumbleON to post $4 EPS for the current fiscal year and $5 EPS for the next fiscal year.

RMBL stock opened at $19.98 on Tuesday. The company has a debt-to-equity ratio of 0.66, a quick ratio of 0.55 and a current ratio of 1.68. RumbleON has a 52 week low of $19.23 and a 52 week high of $48.45. The firm’s fifty day moving average is $28.57 and its 200 day moving average is $34.86. The firm has a market cap of $319.30 million, a P/E ratio of -4.09 and a beta of 2.69.

Several large investors have recently bought and sold shares of the company. Morgan Stanley lifted its position in shares of RumbleON by 1,059.7% in the 3rd quarter. Morgan Stanley now owns 106,557 shares of the company’s stock worth $4,153,000 after purchasing an additional 97,369 shares during the period. Geode Capital Management LLC lifted its position in shares of RumbleON by 239.1% in the 4th quarter. Geode Capital Management LLC now owns 86,850 shares of the company’s stock worth $3,606,000 after purchasing an additional 61,236 shares during the period. BlackRock Inc. lifted its position in shares of RumbleON by 176.6% in the 4th quarter. BlackRock Inc. now owns 72,067 shares of the company’s stock worth $2,993,000 after purchasing an additional 46,008 shares during the period. Marshall Wace LLP purchased a new stake in shares of RumbleON in the 4th quarter worth about $1,506,000. Finally, Sei Investments Co. lifted its position in shares of RumbleON by 18.4% in the 4th quarter. Sei Investments Co. now owns 22,845 shares of the company’s stock worth $949,000 after purchasing an additional 3,546 shares during the period. 45.75% of the stock is owned by hedge funds and other institutional investors.

RMBL has been the subject of several analyst reports. Robert W. Baird dropped their price target on shares of RumbleON from $52.00 to $45.00 in a research report on Thursday, March 17th. Zacks Investment Research raised shares of RumbleON from a “strong sell” rating to a “hold” rating in a research report on Thursday, January 20th. Wedbush dropped their price target on shares of RumbleON from $55.00 to $40.00 and set an “outperform” rating for the company in a research report on Tuesday, February 15th. Finally, DA Davidson dropped their price target on shares of RumbleON from $48.00 to $41.00 in a research report on Thursday, March 17th. One equities research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus target price of $49.00.

About RumbleON (Get Rating)

RumbleON, Inc operates an e-commerce platform that aggregates and distributes pre-owned vehicles to and from consumers and dealers in North America. It operates in three segments: Powersports, Automotive, and Vehicle Logistics and Transportation. The Powersports segment distributes motorcycles. The Automotive segment distributes cars and trucks.

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Earnings History for RumbleON (NASDAQ:RMBL)

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