
RumbleON Inc (RDNW) Stock Forecast & Price Target
RumbleON Inc (RDNW) Analyst Ratings
Bulls say
RideNow Group is showing strong signs of improvement in their powersports unit sales and gross margins, with gross profit per unit up 10.8% and gross margins increasing to 27.6%. They have also made progress in reducing their SG&A as a percentage of gross profit, down from 92.3% to 84.5%. However, due to uncertainty and competition in the industry, it is important to remain neutral on the stock and monitor its progress before making any investment decisions.
Bears say
RideNow Group is a powersports dealership group with the majority of its revenue coming from vehicle sales. While they have a dominant position in the $100+ billion powersports market, their balance sheet is showing signs of strain with their net debt well above their maximum allowed leverage ratio. Additionally, their inventory levels are increasing at a faster rate than same store sales growth, which could indicate potential issues with demand for their products.
This aggregate rating is based on analysts' research of RumbleON Inc and is not a guaranteed prediction by Public.com or investment advice.
RumbleON Inc (RDNW) Analyst Forecast & Price Prediction
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