RumbleON, Inc. Provides Earnings Guidance for the Second Quarter of 2021 and Full Year 2021
June 21, 2021 at 08:00 am EDT
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RumbleON, Inc. provided earnings guidance for the second quarter of 2021 and full year 2021. For the second quarter, the company expected total revenue in the range of $140.0 to $150.0 million, representing 66%-78% growth year-over-year, gross profit of $18.0 to $19.0 million, representing 113%-125% growth year-over-year, and positive Adjusted EBITDA in the range of $1.2 million to $3.0 million.
For the full year 2021, the company expected revenue for the combined company in a range of $1.45 billion to $1.55 billion and adjusted EBITDA in a range of $110.0 million to $115.0 million.
RumbleOn, Inc. is engaged in the business of powersports and vehicle transportation services. The Company's powersports business offers a wide selection of new and pre-owned motorcycles, all-terrain vehicles, utility terrain or side-by-side vehicles, personal watercraft, snowmobiles, and other powersports products. It also offers parts, apparel, accessories, finance and insurance products and services, and aftermarket products from a wide range of manufacturers. Additionally, it offers a full suite of repair and maintenance services. It offers over 500 powersports franchises representing 52 different brands of products. Its vehicle transportation services business includes Wholesale Express, LLC, its subsidiary, which provides asset-light transportation brokerage services facilitating automobile transportation primarily between and among dealers. It provides services focused on pre-owned vehicles to clients in all 50 states through its established network of pre-qualified carriers.
RUMBLEON, INC. 
