FY2027 Earnings Forecast for RumbleOn Issued By Wedbush

RumbleOn, Inc. (NASDAQ:RMBL) – Analysts at Wedbush issued their FY2027 earnings per share (EPS) estimates for RumbleOn in a note issued to investors on Wednesday, March 12th. Wedbush analyst S. Basham expects that the company will post earnings per share of $0.70 for the year. Wedbush currently has a “Outperform” rating and a $5.00 target price on the stock. The consensus estimate for RumbleOn’s current full-year earnings is ($0.89) per share.

Several other research firms have also commented on RMBL. B. Riley lowered RumbleOn from a “buy” rating to a “neutral” rating and set a $7.00 price target for the company. in a research report on Friday, November 29th. Robert W. Baird decreased their price target on shares of RumbleOn from $8.00 to $5.00 and set an “outperform” rating for the company in a research note on Wednesday. Finally, DA Davidson cut their price objective on shares of RumbleOn from $5.00 to $4.00 and set a “neutral” rating on the stock in a report on Wednesday.

RumbleOn Trading Down 0.3 %

RMBL opened at $3.54 on Friday. The firm has a market cap of $125.21 million, a P/E ratio of -0.42 and a beta of 2.17. RumbleOn has a 12 month low of $3.13 and a 12 month high of $7.06. The company has a current ratio of 1.12, a quick ratio of 0.29 and a debt-to-equity ratio of 2.52. The stock has a 50-day moving average of $4.28 and a 200 day moving average of $4.90.

Institutional Investors Weigh In On RumbleOn

A number of large investors have recently made changes to their positions in RMBL. Boothbay Fund Management LLC acquired a new position in RumbleOn during the fourth quarter valued at $55,000. Wells Fargo & Company MN lifted its stake in RumbleOn by 36.4% in the 4th quarter. Wells Fargo & Company MN now owns 10,084 shares of the company’s stock valued at $55,000 after buying an additional 2,689 shares in the last quarter. SG Americas Securities LLC purchased a new position in RumbleOn in the 4th quarter valued at about $58,000. Barclays PLC raised its holdings in RumbleOn by 278.7% in the 3rd quarter. Barclays PLC now owns 21,278 shares of the company’s stock valued at $102,000 after acquiring an additional 15,660 shares during the last quarter. Finally, JPMorgan Chase & Co. raised its holdings in RumbleOn by 249.0% in the 3rd quarter. JPMorgan Chase & Co. now owns 23,879 shares of the company’s stock valued at $114,000 after acquiring an additional 17,036 shares during the last quarter. 66.14% of the stock is owned by hedge funds and other institutional investors.

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.