RumbleOn Reports Sequential Revenue Growth of 48% and Gross Profit Growth of 46% for the First Quarter 2021
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RumbleOn Inc. (RMBL) Misses Q1 EPS by 77c, Revenues Beat; Offers 2Q Revenues Guidance Above Consensus
May 17, 2021 7:33 AM EDTRumbleOn Inc. (NASDAQ: RMBL) reported Q1 EPS of ($1.93), $0.77 worse than the analyst estimate of ($1.16). Revenue for the quarter came in at $104.3 million versus the consensus estimate of $86.8 million.
Unless otherwise noted, all comparisons are on a quarter-over-quarter basis for the three months ended March 31, 2021 as compared to the three-months ended December 31, 2020:
Total vehicle unit sales was 3,500, a 32.2% increase from 2,647 in Q4 2020Powersports unit sales was 1,006, up 17.0% from 860 unitsAutomotive unit sales was 2,494, up 39.6% from 1,787 unitsTotal revenue was $104.3 million, a 48.1% increase from $70.4 million in Q4 2020Powersports revenue was $10.9 million, up 27.7% from $8.5... More