RumbleOn Inc reports results for the quarter ended June 30 - Earnings Summary

• RumbleOn Inc RMBL.OQ reported quarterly adjusted earnings of 5 cents​​ per share for the quarter ended June 30, higher than the same quarter last year, when the company reported EPS of -2 cents. The mean expectation of three analysts for the quarter was for a loss of one cent per share. Wall Street expected results to range from -5 cents to 1 cents per share.

• Revenue fell 11% to $299.90 million from a year ago; analysts expected $280.74 million.

• RumbleOn Inc's reported EPS for the quarter was a loss of 85 cents​.

• The company reported a quarterly loss of $32.2 million.

• RumbleOn Inc shares had fallen by 13.4% this quarter and lost 63.2% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts was unchanged in the last three months.​

• In the last 30 days, there have been no earnings estimate revisions by analysts covering the company.

RECOMMENDATIONS

• The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 1 "strong buy" or "buy," 2 "hold" and no "sell" or "strong sell." The average consensus recommendation for the auto vehicles, parts & service retailers peer group is "buy."

• Wall Street's median 12-month price target for RumbleOn Inc is $3.00, about 33.3% above its last closing price of $2.00

This summary was machine generated from LSEG data August 11 at 09:01 p.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)