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Sep 30, 2020
RumbleON Q3 2020 Earnings Report
RumbleOn achieved record earnings per share and positive adjusted EBITDA.
Key Takeaways
RumbleOn reported a record-breaking third quarter, achieving positive adjusted EBITDA for the first time in the company's history. The company grew total gross profit per vehicle more than 260% year-over-year and reported a net income of $1.5 million, or $0.67 per share.
Generated positive adjusted EBITDA for the first time in the Company’s history.
Grew total gross profit per vehicle more than 260% year-over-year.
Reported $117.3 million in revenue, a 39% increase from Q2, on 4,263 units.
Grew overall gross margin to 14.3% and gross margin on vehicles sold to 13.6%.
Revenue by Segment
Forward Guidance
Given the uncertainty of the ongoing impact and unprecedented conditions surrounding the COVID-19 pandemic, the company cannot predict the overall effect to RumbleOn, their customers, regional business partners, and others that they work with. As a result, they believe it is prudent to continue to withhold guidance until they can better gauge market conditions and have a clearer understanding of the lasting impact from the COVID-19 pandemic.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
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