RumbleOn Reports Record Gross Profit Margin and Earnings per Share for the Third Quarter 2020
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RumbleOn Inc. (RMBL) Tops Q3 EPS by $2.92, Revenues Beat
November 10, 2020 7:33 AM ESTRumbleOn Inc. (NASDAQ: RMBL) reported Q3 EPS of $0.67, $2.92 better than the analyst estimate of ($2.25). Revenue for the quarter came in at $117.3 million versus the consensus estimate of $108.25 million.
Unless otherwise noted, all comparisons are on a year-over-year basis for the three months ended September 30, 2020.
Total vehicle unit sales of 4,263, down from 10,894Total revenue was $117.3 million, down from $220.3 millionPowersports revenue was $7.3 millionAutomotive revenue was $99.3 millionTransportation and Vehicle Logistics revenue was $10.4 millionOther revenue was $0.3 millionGross profit was $16.8 million or 14.3% of revenue, as compared... More