RumbleOn Inc is a technology-driven platform that revolutionizes the buying and selling of pre-owned vehicles, particularly focused on motorcycles and power sports equipment
The company offers a unique online marketplace that connects buyers and sellers, streamlining the transaction process through its innovative tools and services. By leveraging digital technology, RumbleOn simplifies the traditional vehicle purchasing experience, allowing customers to easily browse inventory, obtain financing, and facilitate trade-ins. This approach not only enhances the convenience for consumers but also aims to increase transparency and efficiency within the automotive retail sector.
Wedbush analyst Seth Basham maintains Outperform rating on RumbleON despite a lowered price target of $7. Despite Q4 revenue of $311.1 million, missing estimates, the company's strategic shift towards a three-year plan to enhance sales and margin demonstrates a commitment to long-term growth.
Shares of Limbach Holdings, Inc. (NASDAQLMB) fell sharply during Thursday’s session after the company reported fourth-quarter financial results and issued FY24 revenue guidance below estimates.
