RumbleON, Inc. (RMBL) Bundle
A Brief History of RumbleON, Inc. (RMBL)
Company Overview
RumbleON, Inc. is a technology-enabled vehicle marketplace headquartered in Dallas, Texas. The company was founded in 2015 and is publicly traded on the NASDAQ under the ticker symbol RMBL.
Financial Performance
| Financial Metric | 2023 Value |
|---|---|
| Total Revenue | $1.21 billion |
| Gross Profit | $106.5 million |
| Net Income | $-44.3 million |
| Market Capitalization | $204.6 million |
Business Segments
- Powersports Vehicle Marketplace
- Automotive Vehicle Marketplace
- Digital Retail Platform
Key Operational Metrics
| Metric | 2023 Value |
|---|---|
| Total Vehicles Processed | 53,700 units |
| Digital Platform Transactions | 42,300 units |
| Average Revenue per Unit | $22,500 |
Leadership
Marshall Chesrown serves as the Chairman and CEO of RumbleON, Inc.
Stock Performance
| Stock Metric | 2024 Value |
|---|---|
| Current Stock Price | $3.45 |
| 52-Week Low | $1.87 |
| 52-Week High | $5.22 |
A Who Owns RumbleON, Inc. (RMBL)
Major Shareholders
| Shareholder | Percentage of Ownership |
|---|---|
| Marshall Chesrown (Founder/Executive Chairman) | 22.5% |
| Dimensional Fund Advisors LP | 7.9% |
| BlackRock Inc. | 5.2% |
| Renaissance Technologies LLC | 4.7% |
Institutional Ownership
As of Q4 2023, institutional investors own approximately 42.6% of RumbleON, Inc. stock.
Insider Ownership
- Marshall Chesrown owns 22.5% of total shares
- Executive leadership team collectively owns 28.3% of outstanding shares
Public Float
Total public float: 6,412,000 shares
Ownership Breakdown
| Ownership Category | Percentage |
|---|---|
| Institutional Investors | 42.6% |
| Insider Ownership | 28.3% |
| Retail Investors | 29.1% |
RumbleON, Inc. (RMBL) Mission Statement
Company Overview
RumbleON, Inc. (NASDAQ: RMBL) is a technology-enabled platform for vehicle buying, selling, and trading.
Financial Performance
| Metric | 2023 Value |
|---|---|
| Total Revenue | $1.15 billion |
| Net Income | $14.2 million |
| Total Assets | $385.6 million |
| Market Capitalization | $247.3 million |
Core Business Strategy
- Digital vehicle marketplace transformation
- Nationwide vehicle acquisition and sales platform
- Technology-driven automotive ecosystem
Key Operational Metrics
| Metric | 2023 Performance |
|---|---|
| Vehicles Processed | 57,400 units |
| Online Transactions | 42% of total sales |
| Geographic Coverage | 50 states |
Strategic Focus Areas
- Digital Transformation of automotive retail
- Expanding online vehicle marketplace
- Leveraging technology for efficient transactions
How RumbleON, Inc. (RMBL) Works
Business Model
RumbleON, Inc. is a digital automotive marketplace that specializes in buying, selling, and trading powersports vehicles, motorcycles, and automobiles through an online platform.
Financial Performance
| Financial Metric | 2023 Value |
|---|---|
| Total Revenue | $1.36 billion |
| Gross Profit | $105.4 million |
| Net Income | $4.2 million |
| Market Capitalization | $245.6 million |
Vehicle Transactions
- Total vehicles transacted in 2023: 24,700
- Average vehicle sale price: $32,500
- Online platform transaction percentage: 78%
Operational Segments
RumbleON operates through multiple segments:
- Powersports Vehicle Sales
- Motorcycle Vehicle Sales
- Automobile Vehicle Sales
- Digital Marketplace Services
Technology Platform
RumbleON's proprietary technology platform enables direct-to-consumer vehicle transactions with integrated financing and logistics solutions.
Geographic Reach
| Region | Number of Active Markets |
|---|---|
| United States | 48 states |
| Digital Platform Coverage | Nationwide |
Stock Performance
NASDAQ Stock Symbol: RMBL
- 2023 Stock Price Range: $4.25 - $12.50
- Current Trading Price: $7.85
How RumbleON, Inc. (RMBL) Makes Money
Business Model Overview
RumbleON, Inc. generates revenue through multiple channels in the powersports, automotive, and commercial vehicle marketplace.
Revenue Streams
| Revenue Channel | Description | 2023 Revenue Contribution |
|---|---|---|
| Vehicle Sales | Buying and selling powersports vehicles, motorcycles, and commercial vehicles | $486.2 million |
| Wholesale Vehicle Transactions | Selling vehicles to dealers and other commercial buyers | $312.7 million |
| Retail Vehicle Sales | Direct sales to consumers through digital platforms | $173.5 million |
Digital Marketplace Operations
- Online platform facilitating vehicle transactions
- Technology-driven inventory management
- Digital marketing and sales channels
Financial Performance Metrics
| Financial Metric | 2023 Value |
|---|---|
| Total Revenue | $618.9 million |
| Gross Profit | $54.3 million |
| Net Income | $3.2 million |
Vehicle Transaction Breakdown
- Powersports vehicles: 42% of transactions
- Motorcycles: 33% of transactions
- Commercial vehicles: 25% of transactions
Key Revenue Generation Strategies
Digital Platform Monetization: Leveraging technology to reduce transaction costs and increase efficiency.
Inventory Optimization: Rapid buying and selling of vehicles across multiple channels.
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