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Dec 31, 2020
RumbleON Q4 2020 Earnings Report
RumbleOn's financial performance for the year 2020 showed improvements in gross profit per vehicle sold and adjusted EBITDA.
Key Takeaways
RumbleOn reported a decrease in total revenue and vehicle unit sales for the full year 2020, but demonstrated improvements in gross margin and adjusted EBITDA. The company focused on profitability, which, combined with the impact of COVID-19, resulted in reduced commercial activity. However, gross profit per vehicle sold increased by over 100%.
Total revenue decreased to $416.4 million from $840.6 million in 2019.
Total vehicle unit sales decreased to 18,024 from 43,143 in 2019.
Gross profit increased to $31.6 million with a gross margin of 7.6%, up from 6.0% in 2019.
Operating loss improved to $(18.6) million from $(37.8) million in 2019.
Revenue by Segment
Forward Guidance
Given the uncertainty of the ongoing impact and unprecedented conditions surrounding the COVID-19 pandemic, we cannot predict the overall effect to RumbleOn, our customers, regional business partners, and others that we work with.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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