What is Wedbush’s Estimate for RumbleOn FY2027 Earnings?

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

RMBL has been the subject of a number of other research reports. DA Davidson decreased their target price on shares of RumbleOn from $5.00 to $4.00 and set a “neutral” rating for the company in a research note on Wednesday. B. Riley lowered shares of RumbleOn from a “buy” rating to a “neutral” rating and set a $7.00 target price for the company. in a research note on Friday, November 29th. Finally, Robert W. Baird reduced their price objective on shares of RumbleOn from $8.00 to $5.00 and set an “outperform” rating for the company in a research note on Wednesday.

RumbleOn Trading Down 6.6 %

Shares of NASDAQ:RMBL opened at $3.55 on Friday. The firm has a fifty day moving average of $4.31 and a two-hundred day moving average of $4.91. The firm has a market capitalization of $125.57 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 quick ratio of 0.29, a current ratio of 1.12 and a debt-to-equity ratio of 2.52.

Institutional Investors Weigh In On RumbleOn

Several institutional investors and hedge funds have recently modified their holdings of RMBL. Boothbay Fund Management LLC acquired a new stake in shares of RumbleOn in the 4th quarter valued at $55,000. Wells Fargo & Company MN lifted its stake in shares of 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 purchasing an additional 2,689 shares during the last quarter. SG Americas Securities LLC acquired a new position in RumbleOn during the 4th quarter worth $58,000. Barclays PLC lifted its position in RumbleOn by 278.7% during the 3rd quarter. Barclays PLC now owns 21,278 shares of the company’s stock worth $102,000 after acquiring an additional 15,660 shares during the last quarter. Finally, JPMorgan Chase & Co. lifted its position in RumbleOn by 249.0% during the 3rd quarter. JPMorgan Chase & Co. now owns 23,879 shares of the company’s stock worth $114,000 after acquiring an additional 17,036 shares during the last quarter. Institutional investors and hedge funds own 66.14% of the company’s stock.

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.