What is Wedbush’s Forecast for RumbleOn Q1 Earnings?

RumbleOn, Inc. (NASDAQ:RMBL) – Equities research analysts at Wedbush issued their Q1 2025 earnings per share (EPS) estimates for shares of RumbleOn in a research note issued to investors on Wednesday, March 12th. Wedbush analyst S. Basham anticipates that the company will post earnings per share of ($0.26) for the quarter. Wedbush has a “Outperform” rating and a $5.00 price objective on the stock. The consensus estimate for RumbleOn’s current full-year earnings is ($0.89) per share. Wedbush also issued estimates for RumbleOn’s Q2 2025 earnings at $0.08 EPS, Q3 2025 earnings at ($0.11) EPS, Q4 2025 earnings at ($0.22) EPS, FY2025 earnings at ($0.51) EPS and FY2026 earnings at $0.05 EPS.

A number of other research firms have also issued reports on RMBL. Robert W. Baird reduced their price target on RumbleOn from $8.00 to $5.00 and set an “outperform” rating on the stock in a research report on Wednesday, March 12th. DA Davidson cut their price target on RumbleOn from $5.00 to $4.00 and set a “neutral” rating on the stock in a research report on Wednesday, March 12th. Finally, B. Riley downgraded RumbleOn from a “buy” rating to a “neutral” rating and set a $7.00 target price on the stock. in a research note on Friday, November 29th.

RumbleOn Price Performance

RMBL stock opened at $3.43 on Monday. The company has a debt-to-equity ratio of 2.52, a current ratio of 1.12 and a quick ratio of 0.29. The firm has a market capitalization of $121.32 million, a P/E ratio of -0.41 and a beta of 2.17. The business’s 50-day moving average is $4.21 and its two-hundred day moving average is $4.89. RumbleOn has a 1 year low of $3.13 and a 1 year high of $7.06.

Hedge Funds Weigh In On RumbleOn

Hedge funds and other institutional investors have recently bought and sold shares of the company. Empowered Funds LLC raised its holdings in shares of RumbleOn by 5.3% in the third quarter. Empowered Funds LLC now owns 66,150 shares of the company’s stock worth $317,000 after acquiring an additional 3,350 shares during the last quarter. Citigroup Inc. raised its holdings in shares of RumbleOn by 46,928.8% in the third quarter. Citigroup Inc. now owns 1,701,503 shares of the company’s stock worth $8,150,000 after acquiring an additional 1,697,885 shares during the last quarter. Barclays PLC increased its stake in RumbleOn by 278.7% in the third quarter. Barclays PLC now owns 21,278 shares of the company’s stock valued at $102,000 after purchasing an additional 15,660 shares during the last quarter. SG Americas Securities LLC acquired a new position in RumbleOn in the fourth quarter valued at $58,000. Finally, JPMorgan Chase & Co. increased its stake in RumbleOn by 249.0% in the third quarter. JPMorgan Chase & Co. now owns 23,879 shares of the company’s stock valued at $114,000 after purchasing an additional 17,036 shares during the last quarter. 66.14% of the stock is owned by institutional investors and hedge funds.

RumbleOn Company Profile

RumbleOn, Inc primarily operates as a powersports retailer in the United States. It operates in two segments, Powersports and Vehicle Transportation Services. The Powersports segment provides new and pre-owned motorcycles, all-terrain vehicles, utility terrain or side-by-side vehicles, personal watercraft, snowmobiles, and other powersports products.