RumbleOn Q2 revenue falls 12% to $336.8M; net loss narrows to $0.7M

RideNow Group, Inc.

2024-Q2 EPS reported -$0.31 revenue$644,600,000

Revenue $336.8M, down 12% YoY; net loss $0.7M vs $13.6M loss a year ago.
Adjusted EBITDA $16.2M, down 19.8% from $20.2M; new unit sales 12,004 (-8.5%), pre-owned 4,796 (-21.9%).
First-half free cash flow $28.2M vs -$11.6M; Non-Vehicle Net Debt reduced by $33.8M to $209.1M.
Executed Term Loan amendment; opened RideNow Powersports Houston pre-owned dealership.
CEO cites high interest rates and cautious consumer; Vision 2026 expected $30M annualized savings.

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.