RumbleON (NASDAQ:RMBL) Posts Earnings Results

Key Points

• RumbleON (NASDAQ: RMBL) reported a quarterly earnings per share (EPS) of **$0.04**, along with a negative net margin of **6.81%** and a negative return on equity of **63.42%**.
• The company's stock remained flat at **$2.00** during trading, with a market cap of **$75.58 million** and a consensus target price of **$4.50** according to analysts.
• DA Davidson reduced its price target for RumbleON from **$4.00** to **$3.00**, while maintaining a "neutral" rating, reflecting cautious optimism among analysts.

RumbleON (NASDAQ:RMBL - Get Free Report) announced its quarterly earnings data on Monday. The company reported $0.04 EPS for the quarter, Zacks reports. RumbleON had a negative net margin of 6.81% and a negative return on equity of 63.42%.

RumbleON Price Performance

RMBL remained flat at $2.00 during trading on Monday. 100,378 shares of the company's stock traded hands, compared to its average volume of 43,897. The stock has a 50 day moving average price of $2.26 and a 200 day moving average price of $2.82. The company has a debt-to-equity ratio of 8.00, a quick ratio of 0.27 and a current ratio of 1.14. The stock has a market cap of $75.58 million, a price-to-earnings ratio of -0.92 and a beta of 1.27. RumbleON has a fifty-two week low of $1.46 and a fifty-two week high of $7.06.

Wall Street Analyst Weigh In

Separately, DA Davidson cut their price target on shares of RumbleON from $4.00 to $3.00 and set a "neutral" rating on the stock in a research report on Thursday, May 8th. Four investment analysts have rated the stock with a hold rating and one has given a buy rating to the company's stock. According to MarketBeat.com, RumbleON currently has a consensus rating of "Hold" and a consensus target price of $4.50.

About RumbleON

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.

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