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RumbleOn (RMBL)
Not doing very well in the portfolio, but this is a high-risk/high-reward kind of stock, not for the faint-hearted..

Quote:RumbleON initiated at JMP Securities  RumbleON initiated with an Outperform at JMP Securities. JMP Securities analyst Ronald Josey initiated RumbleON with an Outperform rating and a price target of $10, saying its initial "differentiated approach" of buying and selling motorcycles online has now been expanded to cars and services such as financing. The analyst believes that the company can further expand to "most types of vehicles" - including cars, bikes, RVs, boats, ATVs - with annual collective sales of about $1T across a "highly fragmented industry. Josey believes RumbleON's growth is in its "early days" and expects its profitability to "ramp materially" as it grows its consumer awareness and shifts its sales mix to "50/50% dealer/consumer."
Breaking News: RMBL latest news. - The Fly

Quote:RumbleON initiated at DA Davidson  RumbleON initiated with a Buy at DA Davidson. DA Davidson analyst Tom White initiated RumbleON with a Buy rating and a price target of $4. The analyst is positive on the company's use of technology to simplify the process of how used vehicles are bought, sold, traded, and financed. White further cites RumbleOn's potential with the launch of the business just over two years ago but with an experienced senior leadership and quick execution against a $1T used vehicle supply chain opportunity that he sees as "ripe for disruption."
Breaking News: RMBL latest news. - The Fly

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