Rumbleon, Inc. Provides Earnings Guidance for the Full Year 2022
November 15, 2021 at 08:30 am EST
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RumbleON, Inc. provides earnings guidance for the full year 2022. For the year, the company expects to deliver year-over-year revenue in the range of 10% to 15% on an organic basis, driven largely by an increase in used powersport unit sale supported by RumbleOn Finance.
RumbleOn, Inc. (RumbleOn) is a technology-based powersports platform. The Company operates through three segments: powersports, automotive and vehicle logistics. The powersports and automotive segments consist of the sale of new and used vehicles. The powersports segment consists of the distribution principally of motorcycles and other powersports vehicles. The automotive segment is engaged in distributing cars and trucks. The vehicle logistics segment provides nationwide transportation brokerage services between dealerships and auctions. The Company has approximately 55 retail locations and over 60 Websites to shop for powersports products, as well as for parts, accessories and merchandise. The Company's subsidiaries include America's PowerSports, Inc., APS Austin Holdings, LLC, APS of Georgetown, LLC, APS of Ohio, LLC, APS of Oklahoma LLC, APS of Texas LLC, APS Texas Holdings, LLC, Autosport USA, Inc., Bayou Motorcycles LLC, BJ Motorsports, LLC and C&W Motors, Inc.