Q1 2026 RideNow Group Inc Earnings Call Transcript
Key Points
- RideNow Group Inc (RDNW) reported a 6.4% increase in first-quarter revenue, totaling $260.4 million.
- Adjusted EBITDA increased by 32.9% to $9.3 million, marking the fourth consecutive quarter of year-over-year improvement.
- Same-store sales saw a significant increase, with units sold rising by 16.3% and revenue increasing by 13.1%.
- The SEC concluded its investigation with no enforcement action against RideNow Group Inc (RDNW).
- The company is well-positioned for growth through highly accretive acquisitions, a key pillar of its value-creation strategy.
- The Vehicle Transportation Services business saw a revenue decrease of $5.5 million as it was wound down at the end of 2025.
- Cash outflows from operating activities increased to $27.6 million, primarily due to additional inventory purchases.
- Gross profit per unit (GPU) for fixed operations and finance and insurance teams decreased compared to the prior year.
- The company is facing temporary inflation pressures, particularly from higher gas prices due to geopolitical conflicts.
- Interest rates are creeping higher, potentially impacting consumer monthly payments despite current stability.
Good afternoon, ladies and gentlemen. Welcome to the RideNow Group, Incorporated first-quarter 2026 earnings conference call.
(Operator Instructions) This call is being recorded on Thursday, May 14, 2026.
I would now like to turn the conference over to Jerene Makia, Vice President of Finance. Please go ahead, sir.
Thank you, operator. Good afternoon, everyone. Thank you for joining us for RideNow's first-quarter 2026 earnings conference call.
Joining me on the call today are Michael Quartieri, RideNow's Chairman, Chief Executive Officer, and President; and Josh Barsetti, RideNow's Chief Financial Officer.
Our first-quarter results are detailed in the press release issued this afternoon. Supplemental information will be available in our Form 10-Q, once filed.
Before we begin, I would like to remind you that comments made by management during this conference call may contain forward-looking statements, including, but not limited to,
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