Added to YB: 2024-01-15
Pitch date: 2024-01-15
RMBL [bullish]
RideNow Group, Inc.
-14.26%
current return
Author Info
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Company Info
RideNow Group, Inc. provides powersports dealership and vehicle transportation services in the United States.
Market Cap
$201.8M
Pitch Price
$6.66
Price Target
N/A
Dividend
N/A
EV/EBITDA
8.91
P/E
-1.94
EV/Sales
0.68
Sector
Specialty Retail
Category
turnaround
Show full summary:
RumbleOn Update - RMBL
$RMBL restructured:sold RE for $55M,leased back;sold loans for $17M;rights offering at $5.50 doubled shares,82% takeup,60% owned by top 3;new CEO;cut $42M costs,sold noncore,cut debt $120M;project $80-90M EBITDA '24,$100M+ '25;5.1x EV/EBITDA,70% insider owned,1.2M short
Read full article (3 min)