RideNow Group’s (RDNW) “Neutral” Rating Reaffirmed at DA Davidson

DA Davidson reaffirmed their neutral rating on shares of RideNow Group (NASDAQ:RDNW) in a research report sent to investors on Tuesday morning, Marketbeat.com reports. They currently have a $6.00 price objective on the stock.

A number of other analysts have also commented on RDNW. Wall Street Zen raised shares of RideNow Group to a “buy” rating in a research note on Saturday, January 10th. Weiss Ratings reissued a “sell (d-)” rating on shares of RideNow Group in a research report on Thursday, January 22nd. Finally, Robert W. Baird boosted their price target on shares of RideNow Group from $5.00 to $7.00 and gave the company a “neutral” rating in a report on Tuesday. One research analyst has rated the stock with a Buy rating, two have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, RideNow Group presently has a consensus rating of “Hold” and a consensus price target of $6.00.

RideNow Group Stock Down 7.3%

Shares of RideNow Group stock opened at $6.21 on Tuesday. RideNow Group has a 12-month low of $1.46 and a 12-month high of $7.17. The firm has a market capitalization of $236.10 million, a PE ratio of -4.47 and a beta of 1.26. The stock’s fifty day moving average is $5.98 and its 200-day moving average is $4.94.

RideNow Group (NASDAQ:RDNW) last released its quarterly earnings results on Monday, March 9th. The company reported ($0.17) earnings per share for the quarter. The company had revenue of $256.90 million during the quarter. RideNow Group had a negative net margin of 4.84% and a negative return on equity of 360.78%. Analysts expect that RideNow Group will post -0.89 EPS for the current year.

Institutional Investors Weigh In On RideNow Group

Several hedge funds have recently bought and sold shares of RDNW. City State Bank acquired a new stake in RideNow Group during the 4th quarter worth about $26,000. Dimensional Fund Advisors LP acquired a new position in shares of RideNow Group in the 4th quarter valued at about $64,000. Balyasny Asset Management L.P. purchased a new stake in shares of RideNow Group in the fourth quarter worth approximately $66,000. OMERS ADMINISTRATION Corp purchased a new stake in shares of RideNow Group in the fourth quarter worth approximately $69,000. Finally, Barclays PLC purchased a new position in RideNow Group during the fourth quarter valued at approximately $94,000. 66.14% of the stock is owned by hedge funds and other institutional investors.

Key RideNow Group News

Here are the key news stories impacting RideNow Group this week:

• Positive Sentiment: Adjusted EBITDA growth — Powersports segment drove a $9.7M adjusted EBITDA in the quarter, a clear improvement in underlying profitability that management emphasized as evidence the business is stabilizing. Article Title
• Positive Sentiment: Same-store and unit trends improved in Q4 — the company reported growth in same-store revenue, gross profit and unit volume in the fourth quarter, suggesting operational momentum in core dealerships. Article Title
• Positive Sentiment: Management is targeting renewed acquisition growth — executives signaled M&A activity could resume, which could accelerate scale and revenue if execution follows through. Article Title
• Neutral Sentiment: Earnings materials and call transcript available — full Q4/2025 press release and the earnings-call transcript are published for investors wanting detail on segment performance and management commentary. Article Title
• Neutral Sentiment: Earnings-call highlights recap — analysts summarized the quarter as strong EBITDA growth despite revenue pressures; the highlights provide a quick read on drivers and risks. Article Title
• Positive Sentiment: Analyst target raised by Robert W. Baird — Baird increased its price target from $5.00 to $7.00 while keeping a neutral rating, signaling some upside potential tied to improving profitability. Article Title
• Negative Sentiment: Continued GAAP losses and margin pressure — RideNow reported Q4 EPS of ($0.17), revenue of $256.9M, a negative net margin (~9.4%) and deeply negative ROE, underscoring the company remains unprofitable on a GAAP basis. Article Title
• Negative Sentiment: DA Davidson keeps a cautious stance — DA Davidson reiterated a neutral rating and set a $6.00 price target, which is below the recent market level and signals limited near-term upside from that bench of analysts. Article Title

About RideNow Group

RideNow Group, Inc (NASDAQ: RDNW) is a leading U.S. retailer of powersports vehicles, offering both new and pre-owned inventory to enthusiasts and recreational riders. The company’s dealerships carry a diverse lineup of motorcycles, all-terrain vehicles (ATVs), side-by-sides, personal watercraft and snowmobiles from major manufacturers. In addition to vehicle sales, RideNow Group provides comprehensive service and maintenance, aftermarket parts and accessories and a range of financing and protection plans tailored to powersports customers.

Founded in 2004 and headquartered in Houston, Texas, RideNow Group has grown through a combination of organic expansion and strategic acquisitions.