Powersports Retail and Vehicle Transportation Services
Strategic Profile
The company recently rebranded from RumbleOn (August 2025), relocating headquarters and rolling out a new business framework to support its 54 powersports dealerships. Q3 2025 results showed powersports gross profit up 6.9%, reduced SG&A expenses by 2.3%, and adjusted EBITDA increased 80.9% to $12.3 million.
Cyborg Score Rationale
The company is currently valued at $133 million in market cap and showing signs of financial stress. It has negative return on equity of 223.85% and negative net margin of 9.35%. However, recent operational improvements in Q3 2025 show momentum in the core powersports business.
Top Insights
Adjusted EBITDA increased 80.9% in Q3 2025, and net loss improved 63.4% year-over-year
Company operates proprietary RideNow Cash Offer technology to acquire pre-owned powersports vehicles directly from consumers
Analyst consensus is "Hold" with price target of $4.00, with one Buy, three Hold, and one Sell rating
Claims partnership with virtually every major powersports brand globally
Named Competitors
Automotive E-commerce Platform — Online used vehicle marketplace
Vehicle Auction Platform — Digital wholesale vehicle marketplace
Powersports and Automotive Retail — Multi-brand automotive dealership group
Recent Developments
(August 2025) Rebranded from RumbleOn, Inc. to RideNow Group with new ticker RDNW
(November 2025) Reported Q3 2025 earnings with 80.9% increase in adjusted EBITDA to $12.3 million
(January 2026) Stock rating upgraded to Buy by Wall Street Zen
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