RumbleOn, Inc. (NASDAQ: RMBL), the e-commerce company using innovative
technology to simplify how dealers and consumers buy, sell, trade, or
finance pre-owned vehicles through RumbleOn’s 100% online marketplace,
today announced certain preliminary operating results for the three
months ended March 31, 2019.
RumbleOn is releasing the following preliminary operating results for
the three months ended March 31, 2019:
For the three months ended March 31, 2019, RumbleOn expects total
vehicle units sold to be 12,090. This compares to management’s prior
outlook range of 11,500 – 11,800 units sold in the quarter.
For the three months ended March 31, 2019, RumbleOn expects total
revenue to be in the range of $223.0 – $223.5 million. This compares to
management’s prior outlook range of $210 – $215 million revenue for the
quarter.
The preliminary financial data included above has been prepared by, and
is the responsibility of, RumbleOn’s management. RumbleOn’s independent
auditors have not audited, reviewed, or compiled such preliminary
financial data. These preliminary operating results are not a
comprehensive statement of RumbleOn’s financial results as of and for
the three months ended March 31, 2019 and should not be viewed as a
substitute for full consolidated financial statements prepared in
accordance with accounting principles generally accepted in the United
States. Complete Financial results will be provided in RumbleOn’s 10-Q
which will be filed with the SEC on or before May 15, 2019.
Q1 2019 Conference Call:
RumbleOn will be releasing its first quarter 2019 financial results, for
the period ended March 31, 2019, after market close on Monday, May 13,
2019. In conjunction with its press release, RumbleOn will post a
shareholder letter to the Investor Relations section of its website at https://investors.rumbleon.com.
RumbleOn’s management will host a conference call to discuss its
financial results on Tuesday, May 14, 2019 at 8:00 a.m. Eastern Time. A
live webcast of the call can be accessed from RumbleOn’s Investor
Relations website. An archived version will be available on the
website after the call. Investors and analysts can participate in the
conference call by dialing (877) 273-6127, or (647) 689-5394 for callers
outside of North America (conference ID: 4082522). A telephonic replay
will be available through 11:59 p.m. Eastern Time on May 21, 2019,
beginning two hours after the call ends. To listen to the replay please
dial (800) 585-8367, or (416) 621-4642 for callers outside North America
(conference ID: 4082522).
About RumbleOn:
RumbleOn (NASDAQ: RMBL) is an innovative e-commerce company whose
mission is to simplify how dealers and consumers buy, sell, trade, or
finance pre-owned vehicles through one online location. Leveraging its
capital-light network of 17 regional partnerships and innovative
technological solutions, RumbleOn is disrupting the old-school pre-owned
vehicle supply chain by providing users with the most efficient, timely
and transparent transaction experience. For additional information,
please visit RumbleOn’s website at www.RumbleOn.com.
Also visit the Company on Facebook, LinkedIn, Twitter, Instagram,
YouTube and Pinterest.
Forward Looking Statements:
This press release contains “forward-looking statements” within the
meaning of the Private Securities Litigation Reform Act of 1995. Readers
are cautioned not to place undue reliance on these forward-looking
statements, which are based on our expectations as of the date of this
press release and speak only as of the date of this press release and
are advised to consider the factors under the heading “Forward-Looking
Statements” and “Risk Factors” in the Company’s Annual Report on Form
10-K for the year ended December 31, 2018, as may be supplemented or
amended by the Company’s Quarterly Reports on Form 10-Q and other
filings with the SEC. We undertake no obligation to publicly update or
revise any forward-looking statement, whether as a result of new
information, future events or otherwise, except as required by law.
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