The company did not provide specific guidance for the current quarter or full year.
The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 1 "strong buy" or "buy," 2 "hold" and no "sell" or "strong sell".
The average consensus recommendation for the auto vehicles, parts & service retailers peer group is "buy."
Wall Street's median 12-month price target for RideNow Group Inc is $9.00, about 40% above its August 10 closing price of $6.43.
Q2 results miss revenue and EBITDA estimates
U.S. powersports dealership RideNow Group said second-quarter revenue fell 1% year over year, missing analyst expectations.
Adjusted EBITDA for the quarter rose 19% year over year but also missed analyst estimates.
Net income improved to $6.5 million from a net loss a year earlier.
Revenue declined on store consolidation and service exit
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