RumbleOn Revises Its FY23 Outlook, Now Sees Total Powersports And Transportation Revenue Of 1.38B-$1.48B (Prior View $1.4B-$1.6B); Adjusted EBITDA Of $55M-$65M (Prior $95M-$105M)
Portfolio Pulse from Benzinga Newsdesk
RumbleOn has revised its FY23 outlook, now expecting total Powersports and Transportation revenue of $1.38B-$1.48B, down from the previous estimate of $1.4B-$1.6B. The company also anticipates an adjusted EBITDA of $55M-$65M, a significant decrease from the prior view of $95M-$105M.
August 09, 2023 | 11:09 am
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RumbleOn's revised FY23 outlook indicates lower revenues and EBITDA than previously expected, which could negatively impact the company's stock price in the short term.
RumbleOn's revised outlook indicates a decrease in both revenues and EBITDA for FY23. This could be perceived negatively by investors, potentially leading to a decrease in the company's stock price in the short term.
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