RideNow Group (NASDAQ:RDNW) Issues Earnings Results

RideNow Group (NASDAQ:RDNW) posted its earnings results on Tuesday. The company reported ($0.36) earnings per share for the quarter, FiscalAI reports. The company had revenue of $244.30 million for the quarter.

Here are the key takeaways from RideNow Group’s conference call:

• RideNow attributed much of its Q3 downturn to its August rollout of Clear Price: same-store retail units fell 10.9% year over year, and Adjusted EBITDA dropped to $5.3 million from $12.3 million. Management estimates Clear Price accounted for about half the unit decline and $4 million of the $7 million EBITDA decrease.
• Management cited macroeconomic pressure on discretionary purchases, alongside lower new- and used-vehicle gross margins. New inventory was slightly above five months of supply, though the company expects it to return to target levels by the end of Q1.
• RideNow expects Q4 Adjusted EBITDA to exceed Q3, despite the typical seasonal pattern, and said recent monthly unit trends have been closer to mid- to low-single-digit declines year over year. Management believes broader adoption of transparent pricing could reduce the competitive disadvantage of its Clear Price policy.
• Cost actions taken during the quarter are expected to reduce annualized expenses by $4.6 million, with management targeting an additional $10 million of permanent run-rate savings by the end of 2027 through operational changes and expanded AI use.
• RideNow refinanced its $220 million Oaktree term loan with a facility maturing in September 2031, removing restricted milestones and avoiding further stock dilution. The company ended Q3 with $149.4 million in total available liquidity and said it is in advanced discussions for an additional asset-backed lending facility, though completion is not assured.

RideNow Group Price Performance

Shares of NASDAQ:RDNW traded down $0.67 during trading on Wednesday, reaching $4.90. The stock had a trading volume of 40,307 shares, compared to its average volume of 72,843. RideNow Group has a 52 week low of $4.52 and a 52 week high of $8.55. The business’s 50-day moving average price is $5.43 and its 200 day moving average price is $6.31. The stock has a market capitalization of $191.15 million, a PE ratio of -21.30 and a beta of 1.34.

Key RideNow Group News

These are some of the RDNW news items that stood out recently:

• Neutral Sentiment: Trading in RDNW was temporarily paused twice—on Nov. 10 and Nov. 11—under LULD volatility limits. The halts signal sharp price moves but do not indicate their direction.
• Negative Sentiment: RideNow reported a third-quarter loss of $0.36 per share on $244.3 million in revenue. A report characterized the loss as wider and revenue as lower, adding to concerns about the company’s operating performance. RideNow Group Q3 2026 financial results
• Negative Sentiment: Robert W. Baird cut its price target from $9.00 to $5.50 and assigned a neutral rating, reducing the firm’s valuation outlook for RDNW. Robert W. Baird stock recommendations

Institutional Investors Weigh In On RideNow Group

Large investors have recently bought and sold shares of the business. Russell Investments Group Ltd. raised its position in RideNow Group by 6,144.1% in the 3rd quarter. Russell Investments Group Ltd. now owns 108,085 shares of the company’s stock valued at $594,000 after purchasing an additional 106,354 shares during the last quarter. Bank of New York Mellon Corp bought a new stake in shares of RideNow Group during the second quarter worth $296,000. Bank of America Corp DE grew its holdings in shares of RideNow Group by 238.5% during the first quarter. Bank of America Corp DE now owns 32,456 shares of the company’s stock worth $229,000 after purchasing an additional 22,868 shares during the last quarter. Engineers Gate Manager LP acquired a new stake in shares of RideNow Group in the second quarter valued at $82,000. Finally, Hillsdale Investment Management Inc. increased its stake in shares of RideNow Group by 8.4% in the first quarter. Hillsdale Investment Management Inc. now owns 64,703 shares of the company’s stock valued at $457,000 after buying an additional 5,000 shares in the last quarter. 66.14% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of research firms have weighed in on RDNW. Robert W. Baird decreased their price objective on RideNow Group from $9.00 to $5.50 and set a “neutral” rating on the stock in a report on Wednesday. Texas Capital lowered RideNow Group from a “strong-buy” rating to a “hold” rating in a research note on Friday, October 30th. Weiss Ratings upgraded RideNow Group from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Tuesday, October 27th. Finally, DA Davidson lowered their price target on RideNow Group from $9.00 to $8.00 and set a “neutral” rating on the stock in a research report on Wednesday, August 12th. Three research analysts have rated the stock with a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Reduce” and an average price target of $6.75.

RideNow Group Company Profile

RumbleOn, Inc. primarily operates as a powersports retailer in the United States. It operates in two segments, Powersports and Vehicle Transportation Services. The Powersports segment provides 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, as well as repair and maintenance services.